The global glass fibre veil market is estimated to grow at a moderate CAGR during the forecast period. Glass fibre tissue, also known as glass fibre veil, is made of chopped fibreglass strands that are wet placed and bound with adhesive. Roofing tissue, black facing tissue, FRP surface tissue, and wall covering tissue are some of the applications for nonwoven fibreglass tissue.
Over the next five years, building & construction is expected to maintain market dominance. Composite materials’ penetration in the construction industry has been steadily increasing, owing to their inherent benefits such as corrosion resistance, high specific strength, great aesthetic properties, and excellent abrasion resistance. Transportation, Marine, and Pipe & Tank are all set to see significant growth in the coming years.
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Glass fibre veil is increasingly being employed in applications where aesthetics are critical, such as ceiling tiles and wallpaper. Traditional uses, such as reinforcing material for vinyl flooring, carpets, and bituminous roofing, need for flatter materials with higher tensile strength. Glass fibre veil is also utilised as a filtration medium and as a separator for batteries.
The Covid-19 pandemic caused damage to the composites industry’s whole value chain. Core materials, for instance, a distinct category of composites, increased at a healthy rate during the pandemic, whereas carbon fibre, a specialist fibre category, saw a massive drop in demand. The impact of COVID-19 on certain composite materials is largely determined by the market segment’s reliance on such materials. Glass fibre, the most popular fibre type, has experienced a lower fall than other fibres, thanks to strong growth in the Chinese market after Q2 2020.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segments Covered
· By Type
· By Application
Regions Covered
· North America
· Europe
· Asia-Pacific
· Rest of the world
· Competitive Landscape: Johns Manville, Owens Corning, Jiangsu Changhai Composite, Saint-Gobain, Ahlstrom-Munksj among others.
Key questions addressed by the report
· What is the market growth rate?
· Which segment and region dominates the market in base year?
· Which segment and region will project fastest growth in the market?
· How COVID-19 impacted the market?
· Recovery Timeline
· Deviation from pre-COVID forecast
· Most affected region and segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of Global Glass fibre Veil Market is Available at: https://www.omrglobal.com/industry-reports/glass-fibre-veil-market
Global Glass fibre Veil Market by Segments
By Type
· Wet-Laid Process
· Dry-Laid Process
By Application
· Roof Material
· Plasterboard
· Electronics and Automobiles
· Floor Covering
· Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
