The fiberglass market is estimated to grow at a CAGR of around 10% during the forecast period. The extensive use of fiberglass for manufacturing applications in the construction and automobile industry is a key factor attributing to the growth of the global fiberglass market. Additionally, fiberglass is used on a large scale in industries like aerospace & defense, marine, food, electronics body part, and more to produce lightweight body parts. Fiberglass has significant applications in the construction sector. It is used in commercial, industrial as well as in residential construction for both exterior and interior components. From the swimming pool fence to the skylight to solar heating elements it is largely used for making its body parts. Vetrotex fiberglass is one of the fiberglasses that is used in the construction industry, for its flexible, hard, water-resistant, and fire-resistant properties. Also for its lightweight property fiberglass is used as a structural shell.
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The stringent government regulations across the globe also play a significant growth factor for the growth of the global fiberglass market. Many industries like construction, automobile, and electronics have regulations to use fiberglass for its body parts owing to its very hard and eco-friendly nature of the fiberglass. The growing market for electric cars is one of the key factors creating demand for fiberglass owing to its lightweight characteristics, thereby, driving the growth of the fiberglass market. Moreover,now renewable energy is a global trend that increased installations of wind turbines across the globe. Moreover, due to fiberglass’s hard and lightweight characteristics, it is being extensively used in manufacturing the blades of wind turbines and other parts.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Fiberglass Market by Type
- S-Glass
- E-Glass
- AR-Glass
- D-Glass
- Others
Global Fiberglass Market by End-User
- Automobile
- Aerospace and Defense
- Food & Beverage
- Energy
- Construction
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Advanced Glassfiber Yarns Holding Corp.
- Asahi Fiberglass CO., Ltd.
- Binani Industries Ltd.
- Chongqing Polycomp International Corp. (CPIC)
- Compagnie de Saint-Gobain S.A.
- Fiberglass Building Products Inc.
- Jiangsu Jiuding New Material Co., Ltd.
- Johns Manville Corp.
- Jushi Co. Ltd
- Knauf Insulation
- Lanxess AG
- Nippon Electric Glass Co., Ltd.
- Owens Corning
- PFG FIBER GLASS Corp.
- Phelps
- Sichuan Weibo New Materials Group Co., Ltd.
- Taishan Fiberglass Inc.
- Taiwan Glass Ind Corp.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fiberglass market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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