Fiberglass Brush Market Size, Share, Growth, And Industry Analysis By Type (Circular and Other) By Application (Commercial Furniture and Residential Furniture), Regional Forecast To 2033

• 

   Request a Free Sample To Get More Information on this Market

FIBERGLASS BRUSH MARKET REPORT OVERVIEW

Global fiberglass brush market size was valued at approximately USD 28.86 Billion in 2024 and market is projected to touch USD 50.8 Billion by 2033, exhibiting a CAGR of 6.5% during the forecast period.

A substance called fiberglass is created from tiny strands of plastic glass. It is a type of fiber-reinforced plastic where the reinforced plastic contains glass fiber. It is also referred to as glass- or glass-fiber-reinforced plastic. Typically, the glass is flattened into a sheet and placed at random or weaved into a material. It is less brittle, robust, and lightweight. Additionally, it is malleable enough to take on many other forms. It is one of the most popular materials used in industrial gaskets because it offers superior insulation and safeguards the equipment. For bottling lines and brew houses in the brewing sector, it is also utilized.

COVID-19 IMPACT

"COVID-19 Pandemic Had A Negative Influence On The Market Expansion"

The COVID-19 pandemic has had a significant negative influence on the expansion of the worldwide fiberglass flooring business. Lockdowns have been imposed by nations all over the world, which has had a negative impact on the majority of businesses there as well as forced individuals to stay inside their houses, reducing human contact. To maintain company continuity during the COVID-19 pandemic, which is predicted to impede the growth of the global fiberglass floorings market throughout the projected period, the majority of industrial businesses have allowed workers to work remotely from their homes. Construction sector expansion is projected to be hampered by the severe regulations put in place to conform to societal cultural standards, which is thus anticipated to restrain the growth of the global fiberglass floorings market.

Due to the global COVID-19 problem, manufacturing and supply activities in the construction sector have been interrupted. Over the anticipated period, the worldwide fiberglass floorings market is projected to be impacted by the movement in customer choice toward necessary goods. Additionally, the COVID-19 epidemic has forced several countries to close their borders, which has sharply decreased demand for fiberglass flooring and associated goods worldwide. Worldwide travel restrictions have been enacted by government agencies. As a result, the market for fiberglass floorings is also anticipated to be impacted by the decline in fiberglass flooring installation in the construction sector.

LATEST TRENDS

"Rising Need For Power Generation Will Lead To Market Expansion"

The expansion of the worldwide fiberglass fabric market is being driven by the rising need for power generation from the wind energy sector, which calls for a fiberglass fabric in the rotor blades. Additionally, the industry is once more being supported by the increased demand for PCBs made with fiberglass textiles. The expensive cost of producing fiberglass fabric, however, is anticipated to impede market expansion.

FIBERGLASS BRUSH MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into Circular, Other. Circular is anticipated to dominate the segment.

By Application Analysis

Based on application, the market can be divided into Commercial Furniture, Residential Furniture. Commercial Furniture will be the dominating segment.

DRIVING FACTORS

"Increasing Demand For Fiberglass Fabric-Used Printed Circuit Boards"

The bulk of the fiberglass fabric used to make printed circuit boards was used for electrical and electronic applications. Over the projection period, expansion in the consumer electronics market and rising demand for printed circuit boards (PCB) in the global electronics sector are anticipated to propel the fiberglass industry. Fiberglass textiles can serve as the main reinforcement in high pressure laminates for printed circuit boards due to their exceptional electrical properties, such as perfect electrical resistance. There is a big need for fiberglass fabrics since these PCBs are mostly used in computers, modems, vehicles, telephones, and consumer electronics products. With a USD 62.1 billion global market, PCB demand is rising as a result of the substantial technological advancements taking place in the world economy. One of the main drivers of this market is the increase in the usage of fiberglass composites in the automotive sector. It offers a better strength-to-weight ratio, which is crucial in the production of automobiles. Due to the growing use of fiberglass in the building and infrastructure sectors, the fiberglass market is expected to exhibit progressive growth over the next years. This market is being driven by the rising use of fiberglass composites in the automobile sector. The market is comprehensively evaluated in the study on the global fiberglass market.

"An Increase in the Need for Power Generation from the Wind Industry will fuel the market"

Marine-grade stranded E-glass fibres that have been stitched together and mixed with a vinyl ester, polyester, or epoxy matrix are frequently used to make the blades of fiberglass wind turbines. Lightweight rotor blade fabrication uses fiberglass textiles, which has a big impact on fueling product demand throughout the foreseeable term. Growth in fiberglass is anticipated to be fueled by increased investment in wind technology development by major manufacturers like GE, particularly in fabric wind turbine blades. Traditional wind turbines are challenging to build and transport because they are composed of rigid fiberglass. Fiberglass fabric provides a number of benefits when used to make wind turbine blades, including light weight and the capacity to make longer blades at a 40% cheaper price. It reduces processing time by more than half and produces a blade structure that is simple to access and repair. The lightweight turbines may be put locally, which lowers transportation costs. They can also produce wind energy at lower wind speeds, which supports the expansion of the worldwide wind energy sector.

RESTRAINING FACTORS

"Lack Of Appropriate Disposable Methods For Recycling Would Hinder The Growth "

The lack of appropriate disposable methods for recycling glass wool is a barrier for this sector. Over the upcoming years, it is projected that travel prohibitions and limitations on public gatherings would hinder the growth of the worldwide fiberglass floorings market.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

FIBERGLASS BRUSH MARKET REGIONAL INSIGHTS

"Asia Pacific Region Will Dominate The Market During Forecast Period"

The largest fiberglass market is in the Asia Pacific region, where demand is growing due to the development of the wind energy sector in China, India, and Australia. With 188 GW of installed capacity, China has the biggest wind power market in the world in 2021. Additionally, by 2022, India's capacity for renewable energy is predicted to have doubled, with solar and wind energy accounting for 90% of this expansion. By the end of 2021, there were 739 GW of wind turbines deployed globally. 2017 saw the addition of 52.6 GW, which ranks as the third-highest annual deployment. In many countries throughout the world, wind energy is replacing nuclear and fossil fuels. In 2021, Denmark set a record by receiving 53% of its energy from wind sources. Furthermore, double-digit wind power shares have been attained in Germany, Portugal, Spain, Ireland, Sweden, and Uruguay.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Top Fiberglass Brush Companies

• Anhui Union Brush Industry Co., Ltd. (China)
• Eisenblätter (Germany)
• RS PRO (U.K.)
• The Eraser Company (U.K.)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.