Showing posts with label Asia Fiberglass Mat Industry Growth. Show all posts
Showing posts with label Asia Fiberglass Mat Industry Growth. Show all posts

Friday, August 10, 2018

Emerging Economies and Industrialization to Bolster Asia Fiberglass Mat Industry: Ken Research

Fiberglass mat is also known as chopped strand mat (CSM). It is a non-woven material typically used for laminate build-up and repair works. It is made up of glass fibers laid randomly across each other and held together by a styrene binder. The most preferred resin is polyester which is used for wetting out the glass fiber material as it readily dissolves the styrene bonding agent. Fibreglass mat is available in various weights per square foot. The lightest version, veil fibreglass mat, is used commonly as a finishing layer to mask any print-thru within a laminate. Fiberglass veil mat uses longer and thinner fibers than heavier mat. Coarser, heavier fibreglass mats are commonly used for bulk, random axis strength build-up and are also an excellent initial layer when bonding repair work.

According to the study “Asia Fiberglass Mat Industry Situation and Prospects Research report”, fiberglass mats are used in the manufacture of glass composite-made products such as bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts. The latest emerging trends pose a direct impact on the dynamics of the fiberglass industry which includes cost optimization and performance enhancement. Stringent regulations and carbon dioxide emission targets in Asia are key factors demanding manufacturers to incorporate lightweight materials in any manufacturing processes. Evolution in construction, transportation, and the electrical and electronics sectors are driving the growth of fibreglass mats in Asian markets. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India.

Various applications of fiberglass mats in Asia are in construction &infrastructure sector, daily use, automotive, wind energy, electronics, aerospace, others (sports equipment, consumer goods, marine, and chemicals), glass wool insulation, residential construction, non-residential construction, industrial, others (HVAC, and OEM) industries. Chopped Strand Mat and Air Laid Mat are the two types of fibreglass mats available in Asian markets. Geographically, fibreglass mats market in Asia is spread across China, Japan, India, Korea, Saudi Arabia and other regions. The leading players in fibreglass mats market in Asia are Adfors, Valmiera Glass, Chang Hai, MINGDA, Cixi Oulong, FeiTian Fiberglass, Shaanxi HuaTek Fiberglass Material Group, Jing Hao Fiberglass, Shandong Tian Rui, Jiangxi Dahua Fiberglass Group, Jiangsu Jiuding New Material and Luobian.

Among the Asian economies, China account for a major share in the fibreglass mats market due to steady development in building materials and non-metallic products. The tank furnace fibre-firming technology is solely developed by China and is the most advanced technology in the world. China’s fibreglass industry possesses first class core technology in the manufacture of large scale non-alkali fibreglass tank furnace, C-glass fiber furnace and waste fibreglass recycling. China’s fibreglass mats and their quality have reached the world’s leading level.

The increasing consumer’s disposable income and the rising trend of urbanization has witnessed a significant growth in fibreglass mats market in Asia. China is the leading producer as well as consumer of fibreglass mats due to the rapid growth in industrialization. It was observed that there is a huge demand for fibreglass mats which is propelling a strong growth in the Asian market. With advanced innovative technology, the fibreglass mats market will continue to witness a steady growth over the next few years.

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