Global Glass Surface Veils Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Glass Surface Veils are textiles made mainly of glass fibers that stand out for their smooth surface finish and impressive strength while being highly resistant to corrosion - qualities that make them perfect for a range of uses across different sectors like construction (for roofing and wall systems) automotive (to boost the resilience and visual charm of vehicle components) and aerospace (support, in ensuring the structural soundness of aircraft parts).
Market Key Insights
- The Glass Surface Veils market is projected to grow from $357.5 million in 2024 to $697 million in 2034. This represents a CAGR of 6.9%, reflecting rising demand across Marine Industry, Construction Industry and Automotive Sector.
Owens Corning, Saint-Gobain, and Nippon Electric Glass are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Glass Surface Veils market and are expected to observe the growth CAGR of 4.5% to 6.6% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 7.9% to 9.5%.
Transition like Advancements in Material Science is expected to add $45.8 million to the Glass Surface Veils market growth by 2030
- The Glass Surface Veils market is set to add $339 million between 2024 and 2034, with manufacturer targeting Electrical Insulation & Corrosion Resistance Applications projected to gain a larger market share.
- With
increasing demand in construction industry, and
technological advancements in manufacturing processes, Glass Surface Veils market to expand 95% between 2024 and 2034.
Opportunities in the Glass Surface Veils
The progress in technology regarding the production of Glass Surface Veils has also been boosted by the introduction of advanced resin systems which have also enhanced their performance features significantly It is also anticipated that these advancements will also broaden their usage across different sectors like automotive aerospace and construction leading to an increase, in market demand.
Growth Opportunities in North America and Asia Pacific
North America Outlook
In North America's industrial setting lies a notable market for Glass Surface Veils driven by strong automotive and aerospace sectors seeking lightweight and durable materials like Glass Surface Veils to meet demands efficiently; alongside the construction industry embracing green building practices which in turn boosts market growth significantly despite intense competition from industry leaders such, as Owens Corning and Jushi Group. An opportunity exists in expanding energy infrastructure by utilizing the superior corrosion resistance of Glass Surface Veils.
Asia Pacific Outlook
The Glass Surface Veils market is experiencing growth in the Asia Pacific region with a focus in China and India due to the booming construction and automotive industries as well as increasing infrastructure projects in the region's competitive market featuring both global and local players vying for opportunities in sectors like wind energy, for blade manufacturing purposes. The growing emphasis on eco practices, in the manufacturing sector is also a key factor driving the market forward.
Market Dynamics and Supply Chain
Driver: Increasing Demand in Construction Industry, and Rising Popularity in Automotive Sector
The development of manufacturing techniques for Glass Surface Veils has also greatly enhanced their quality and functionality in notable ways. A These technological progressions have also resulted in the creation of veils with characteristics, like increased heat durability and superior mechanical attributes. A This has also encouraged their utilization across a range of industries. A.
Restraint: High Production Cost
Opportunity: Expanding Applications in Renewable Energy and Strategic Collaborations for Market Expansion
Collaborations that involve Glass Surface Veils manufacturers and various industries can bring about solutions that cater to specific industry needs effectively. One example is partnering with manufacturers to create lightweight and durable Glass Surface Veils for vehicle parts which can enhance fuel efficiency and lower carbon emissions—a promising market opportunity due to the increasing focus on sustainability, within the automotive sector.
Challenge: Environmental Concerns
Supply Chain Landscape
Owens Corning
Jushi Group
Nippon Electric Glass
CPIC
Johns Manville
Saint-Gobain
3M
Sichuan Weibo
Owens Corning
Jushi Group
Nippon Electric Glass
CPIC
Johns Manville
Saint-Gobain
3M
Sichuan Weibo
Applications of Glass Surface Veils in Marine , Construction & Automotive Sector
Glass surface veils are commonly utilized in the sector for their ability to resist corrosion effectively in the construction of boat and yacht hulls and decks primarily using E glass material known for its durability in challenging marine environments; major industry players such as Owens Corning and Jushi Group are prominent for their high quality products and market dominance, in this field.
In the industry as well as in other sectors like construction and aerospace engineering, glass surface veils play a vital role in creating composite components for cars such as bumpers, body panels, and interior parts. The preferred choice of glass surface veil in this field is typically C glass due to its high resistance to impacts and ability to maintain dimensional stability. Leading companies like P D Glasseiden and Saint Gobain Adfors are known for their cutting-edge products and strong market presence.
Glass surface veils are widely utilized in the construction field for making roofing materials and wall panels due to their durability against weather conditions and insulating properties. Key companies, like Chomarat and Nippon Electric Glass lead this sector with top notch product quality and innovative solutions.
Recent Developments
Oens Corning introduced a line of products tailored for high heat environments to boost the strength and effectiveness of composites by offering Glass Surface Veils..
Saint Gobain introduced a state of the art manufacturing facility in Asia to cater to the increasing need for Glass Surface Veils, in the thriving construction and automotive industries of the region.
The Jushi Group unveiled a cutting edge Glass Surface Veil designed for protection against corrosion, in the marine and chemical sectors.
The Glass Surface Veils sector has experienced progress in recent times due to a noticeable rise in the need for this item across different fields, like building construction and the automotive and electronics industries mainly driving this surge in demand.