The study involves two major activities in estimating the current market size for the fiberglass fabric market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering fiberglass fabric and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the fiberglass fabric market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the fiberglass fabric market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from fiberglass fabric industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to fiber type, fabric type, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and production teams of the customer/end users who are using fiberglass fabric, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of fiberglass fabric and future outlook of their business which will affect the overall market.
The Breakup of Primary Research:
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Market Size Estimation
The research methodology used to estimate the size of the fiberglass fabric market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in fiberglass fabric in different end-use applications at a regional level. Such procurements provide information on the demand aspects of the fiberglass fabric industry for each application. For each application, all possible segments of the fiberglass fabric market were integrated and mapped.
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Fiberglass fabrics are strong and durable materials made of numerous and extremely fine fibers of glass. These fabrics have a unique set of properties, such as high strength, good chemical resistance, high electrical insulation, and high tensile strength. These unique properties have increased their use in various applications, such as wind energy, transportation, marine, construction, and electrical & electronics.
Stakeholders
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Fiberglass manufacturers
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Fiberglass Fabric manufacturers
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Raw material suppliers
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Distributors and suppliers
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Industry associations
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Universities, governments & research organizations
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Associations and industrial bodies
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Research and consulting firms
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R&D institutions
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Environmental support agencies
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Investment banks and private equity firms
Report Objectives
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To define, describe, and forecast the fiberglass fabric market size in terms of volume and value
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To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
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To analyze and project the global fiberglass fabric market by fiber type, fabric type, application, and region
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To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, and analyze the significant region-specific trends
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To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
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To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
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To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product developments/new product launches, to draw the competitive landscape
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To strategically profile the key market players and comprehensively analyze their core competencies
HIGHEST CAGR MARKET IN 2024 TO 2029
CHINA FASTEST GROWING MARKET IN THE REGION
Growth opportunities and latent adjacency in Fiberglass Fabric Market