Global fiberglass market is expected to grow at a steady rate during the forecast period. The global fiberglass market is driven by the growing demand for cleaner forms of energy. This has increased the installation of wind turbines to generate electricity. Fiberglass is extensively being used in making wind turbine blades. This in turn is expected to positively influence the market growth through 2027. Additionally, properties such as high tensile strength, light weight, corrosion resistant properties, aesthetic value, among others of fiberglass are further expected to increase in the demand through 2027. These properties have increased the use of fiberglass in various end user industries such as automotive, aerospace, building & construction, oil & gas, water & wastewater, among others. However, high cost of fiberglass can hamper the market growth during the forecast period. Also, availability of substitutes such as carbon fiber and aluminium can further restrict the market growth over the next few years. Furthermore, the sudden outbreak and spread of pandemic COVID-19 has led to the shortage in supply of raw material from Chinese manufacturers which has led to a demand-supply gap. Manufacturers are further expected to be stranded on raw material orders since the logistic industry is significantly impacted by the lockdown. This in turn is expected to negatively impact the market growth.
The global fiberglass market is segmented based on type, glass fiber type, resin, application, end user industry, company and region. Based on type, the market can be categorized into glass wool, direct & assembled roving, yarn, chopped strand and others. The glass wool segment is expected to dominate the market owing the extensive use of glass wool for thermal and electrical insulation purposes in the building & construction industry. Glass wool helps in maintaining temperature inside the buildings. Based on application, the market can be split into composites and glass wool insulation. The composites segment is expected to dominate the market owing to their extensive use in various end user industries such as automotive, building & construction, consumer durables, among others. This can be ascribed to the light weight, high strength to weight ratio and aesthetic properties of fiberglass.
Regionally, the fiberglass market
The major players operating in the fiberglass market are Binani 3B-the Fibreglass Company, Owens Corning, Johns Manville GmbH, Nippon Electric Glass Co., Ltd., Saint Gobain, China Jushi Co., Ltd., Asahi Fiberglass Co. Ltd., CertainTeed Corporation, Taishan Fiberglass Inc., PFG Fiber Glass (Kunshan) Co. Ltd. and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study
- To analyze and estimate the market size of global fiberglass market from 2024-2032 to 2024-2032.
- To estimate and forecast the market size of global fiberglass market from 2024-2032 to 2027 and growth rate until 2027.
- To classify and forecast global fiberglass market based on type, glass fiber type, resin, application, end user industry, company and regional distribution.
- To identify dominant region or segment in the global fiberglass market.
- To identify drivers and challenges for global fiberglass market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global fiberglass market.
- To identify and analyze the profile of leading players operating in global fiberglass market.
- To identify key sustainable strategies adopted by market players in global fiberglass market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Fiberglass manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to fiberglass
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2024-2032 |
| Historical Data | 2024-2032 – 2024-2032 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2024-2032-2024-2032 and 2022E-2027F |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Glass Fiber Type · Resin · Application · End User industry |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Kuwait; Brazil, Argentina, Colombia; |
| Key companies profiled | Binani 3B-the Fibreglass Company, Owens Corning, Johns Manville GmbH, Nippon Electric Glass Co., Ltd., Saint Gobain, China Jushi Co., Ltd., Asahi Fiberglass Co. Ltd., CertainTeed Corporation, Taishan Fiberglass Inc., PFG Fiber Glass (Kunshan) Co. Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
