Fiberglass Market Analysis 2029: Trends, Growth, Outlook, and Forecast
Fiberglass Market Analysis 2029: Trends, Growth, Outlook, and Forecast
Fiberglass Market was valued at USD 27.49 Billion in 2022, and it is expected to reach USD 44.73 Billion by 2029, exhibiting a CAGR of 7.2 % during the forecast period (2023-2029)

Fiberglass Market

MMR provides a research for the Fiberglass Market that covers a variety of topics related to general business information and future industry developments, all supported by rigorous assessment and analysis. The researcher has forecasted data for the given timeframe (2023-2029) using top-down and bottom-up methodologies, using both primary and secondary data. This study approach was used to examine the world's demand for helium, and the results are methodically presented in this paper.

Fiberglass Market Growth :

Fiberglass Market was valued at USD 27.49 Billion in 2022, and it is expected to reach USD 44.73 Billion by 2029, exhibiting a CAGR of 7.2 % during the forecast period (2023-2029)

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Fiberglass Market Segmentation:

Global Fiberglass Market Size, by Glass Type (2022-2029)

• E-Glass
• ECR-Glass
• H-Glass
• AR-glass
• S-Glass
• Others

The E-glass segment dominated the fibreglass market in 2022 and is anticipated to continue to do so during the forecast period based on Glass Type. E-glass, also known as electrical grade glass fibres, are frequently used in application sectors due to its low electrical conductivity. Demand for low alkali E-glass is significantly influenced by its physical and mechanical properties, which include low price, high production rates, high strength and stiffness, high temperature, and flame and heat resistance capabilities. E-glass products have a high degree of elasticity and are incredibly resilient to vibration and abrasion. The nautical, industrial, and aerospace industries regularly use this thin, woven plastic cloth. The growing use of environmentally friendly products is anticipated to drive the fibreglass market over the forecast period.

Global Fiberglass Market Size, by Product (2022-2029)

• Glass Wool

• Roving
• Chopped Strand
• Yarn
• Others

The fibreglass market is divided into glass wool, yarn, roving, chopped strands, and others depending on the product. The glass wool market segment had the biggest market share in 2022 and is anticipated to rule the fibreglass market during the projected period. A common substance used for acoustic and thermal insulation in homes is glass wool. They are most frequently utilised on interior walls, on hardwood floors, or beneath pitched roofs. Since glass wool quickly loses its insulating properties when exposed to moisture, it is typically seen inside of homes.

Glass filament bundles are cut into predetermined lengths to create chopped strands of these fibres. coated with a scale to increase efficiency and processability. ideal for technologies like compounding and injection moulding.

Global Fiberglass Market Size, by Application (2022-2029)

• Transportation
• Building & Construction
• Electrical & Electronics
• Pipe & Tank
• Consumer Goods
• Wind Energy
• Others

The market is divided into transportation, building & construction, electrical & electronics, pipe & tank, consumer goods, wind energy, and others depending on the application. Thanks to government regulations, such as the U.S. CAFE standards and carbon emission targets in Europe, that put pressure on OEMs to incorporate lightweight materials to reduce the vehicle's overall weight, the transportation sector dominated the fibreglass market in 2022 and is projected to hold the largest share of the industry during the forecast period. The building and automotive industries employ the majority of these materials that are produced abroad.

Report's Purpose and Methodology for the Fiberglass Market 

In the Fiberglass report, the projection period spans from 2023 to 2029, with the base year being 2022. The research encompasses a comprehensive examination of the Fiberglass industry, along with a thorough market segmentation analysis. Historical market dynamics are also analyzed within the report, facilitating clients in drawing parallels between past trends and current market situations, while also spotlighting the contributions of key players. The competitive landscape section delves into various growth strategies pursued by prominent players. The updates featured in this section provide insightful perspectives across different phases, enabling stakeholders to stay abreast of industry developments and participate in economic dialogues. The competitive scenario encompasses press releases and news from companies engaged in activities such as M&A, agreements, collaborations & partnerships, new product launches & development, investments & funding, as well as awards, recognition, & expansions.

Fiberglass Key players:

1. China Jushi Co., Ltd. (China) 2. Xingtai Jinniu Fiberglass (China) 3. Glasstex Fiberglass (China) 4. Chongqing polycomp International Corporation (China) 5. Jushi Group Co., Ltd (China) 6. Taishan Fiberglass (China) 7. Hexcel Corporation (U.S.) 8. Fibre Glast Developments Corp. (U.S.) 9. PPG Industries (US) 10. Owens Corning (US) 11. Phelps Industrial Products LLC. (US) 12. Agy Holdings Corp. (US) 13. CertainTeed Corporation (US) 14. Auburn Manufacturing, Inc. (U.S.) 15. BGF Industries, Inc. (U.S.) 16. Dupont (U.S.) 17. Johns Manville Corp. (US) 18. Nitto Boseki Co., Ltd. (Japan) 19. Nippon Electric Glass (Japan) 20. Asahi Fiberglass Co (Japan) 21. PFG Fiber Glass (Taiwan) 22. Taiwan Glass Ind. (Taiwan) 23. 3B-The Fiberglass Company (Belgium) 24. Knauf Insulation (Belgium) 25. Gurit (Switzerland) 26. Chomarat (France) 27. Saint-Gobain (France) 28. Saertex GmbH & Co.KG. (Germany)

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Fiberglass Market Regional Insights

The different section on regional segmentation gives the regional aspects of the global Fiberglass Market. This chapter describes the regulatory landscape that is expected to impact the market. It highlights the political landscape in the market and forecasts its influence on the Fiberglass market globally. The presence and availability of global brands with the challenges they confront due to severe competition from local and domestic brands, the impact of domestic tariffs, and trade channels, are all taken into account. The Fiberglass report covers the five regions and their country-wise distribution are:

North America - (U.S., Canada, and Mexico)

Europe - (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)

Asia Pacific - (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)

Middle East & Africa - (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)

South America - (Brazil, Argentina, Colombia, and Rest of South America)

Key Offerings:

  • Market Overview
  • Market Share
  • Market Size
  • Forecast by Revenue | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by segments, sub-segments and region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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