Fiberglass Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032
Rising demand form energy and utility applications, growth of aerospace & defense industry, and technological advancement in composite materials are the key factors dynamically shaping the growth of the global fiberglass market. Fiberglass is a reinforced plastic material with glass fibers used to reinforce the plastic resin base.
Owing to the high tensile strength yet lightweight nature of the fiberglass, the demand for fiberglass is increasing across multiple end use applications. Fiberglass is widely used across multiple applications such as building insulations, self-adhesive tapes, waterproofing frit, printed circuit boards, automotive components and so on.
The demand for light weight and high strength material in aerospace and automotive industry is on the rise to improve the fuel or energy efficiency. This has fuelled the demand for fiberglass across the globe. However, availability of alternative materials such as carbon fiber, aluminum, and Kevlar is anticipated to hinder the growth of fiberglass market in coming years. With increased demand for green energy and growing investment in development of green energy infrastructure, the fiberglass market is expected to grow significantly during the forecast period.
Asia Pacific contributed a dominating share to the global fiberglass marker and is expected to be the fastest growing market during the forecast period owing to the presence of leading fiberglass manufacturing companies across major countries. Expansion of automotive, aerospace & defense, and marine equipment manufacturing industry is anticipated to bolster the growth of Asia Pacific fiberglass market during the forecast period.
Asia Pacific is anticipated to witness prominent shift in the supply chain on fiberglass market due to the COVID-19 pandemic, with major manufacturers focusing of diversifying business operations across different countries to strengthen their supply chain. Europe is anticipated to witness steady growth during the forecast period owing to rising demand from energy & utility industry.
Fiberglass Market Share Analysis, by Geography (2022)
The report titled “Fiberglass Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global fiberglass market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global fiberglass market is segmented on the basis of glass type, resin type, fiber type, technology, applications, end use industry, and geography. Based on glass type, the global fiberglass market is segmented into S-glass, C-glass, E-glass, ECR-glass, and others. Based on resin type, the global fiberglass market is segmented into thermoset resins and thermoplastic resins. Based on fiber type, the global fiberglass market is segmented into rovings, mats, strands, fabrics, and others. Based on technology, the global fiberglass market is segmented into layup, resin infusion molding, injection molding, compression molding, filament winding, pultrusion, and others. Based on applications, the global fiberglass market is segmented into composites, insulations, and others. Based on end use industry, the global fiberglass market is segmented into automotive, building & construction, aerospace & defense, energy & utility, marine, and others. Based on geography, the global Fiberglass market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on fiberglass. Further, market share of prominent companies in the global fiberglass market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the fiberglass companies.
The global fiberglass market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the fiberglass business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global fiberglass market.
Major players active in the global fiberglass market include Chongqing Polycomp International Corp., Glasstex Fiberglass Materials Corp., Johns Manville, Jushi Group Co., Ltd, Owens Corning, Shandong Fiberglass Group Co., Ltd, Taishan Fiberglass Inc., and Xingtai Jinniu Fiberglass Co., Ltd.
Market Segmentation:
By Glass type
- S-glass
- C-glass
- E-glass
- ECR-glass
- others
By Resin type
- thermoset resins
- thermoplastic resins.
By Fiber type
- rovings
- mats
- strands
- fabrics
- others
By Technology
- layup
- resin infusion molding
- injection molding
- compression molding
- filament winding
- pultrusion
- others
By Applications
- composites
- insulations
- others
By End use industry
- automotive
- building & construction
- aerospace & defense
- energy & utility
- marine
- others
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Fiberglass Market
- Global Fiberglass Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Fiberglass Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global Fiberglass Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Rovings
- Mats
- Strands
- Fabrics
- Global Fiberglass Market Analysis and Forecast, by Glass Type
- Overview and definitions
- Key segment analysis
- Global Fiberglass Market Estimates (US$ Mn), by Glass Type, 2019 – 2032
- S-Class
- E-Class
- C-Class
- ECR-Class
- Others
- Global Fiberglass Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Fiberglass Market Estimates (US$ Mn), by Application, 2019 – 2032
- Aerospace & Defense
- Wind Energy
- Construction
- Pipes & Tanks
- Automotive
- Others
- Global Fiberglass Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Fiberglass Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Fiberglass Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Fiberglass Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Rovings
- Mats
- Strands
- Fabrics
- North America Fiberglass Market Estimates (US$ Mn), by Glass Type, 2019 – 2032
- S-Class
- E-Class
- C-Class
- ECR-Class
- Others
- North America Fiberglass Market Estimates (US$ Mn), by Application, 2019 – 2032
- Aerospace & Defense
- Wind Energy
- Construction
- Pipes & Tanks
- Automotive
- Others
- North America Fiberglass Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Europe Fiberglass Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Fiberglass Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Rovings
- Mats
- Strands
- Fabrics
- Europe Fiberglass Market Estimates (US$ Mn), by Glass Type, 2019 – 2032
- S-Class
- E-Class
- C-Class
- ECR-Class
- Others
- Europe Fiberglass Market Estimates (US$ Mn), by Application, 2019 – 2032
- Aerospace & Defense
- Wind Energy
- Construction
- Pipes & Tanks
- Automotive
- Others
- Europe Fiberglass Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Fiberglass Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Fiberglass Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Rovings
- Mats
- Strands
- Fabrics
- Asia Pacific Fiberglass Market Estimates (US$ Mn), by Glass Type, 2019 – 2032
- S-Class
- E-Class
- C-Class
- ECR-Class
- Others
- Asia Pacific Fiberglass Market Estimates (US$ Mn), by Application, 2019 – 2032
- Aerospace & Defense
- Wind Energy
- Construction
- Pipes & Tanks
- Automotive
- Others
- Asia Pacific Fiberglass Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Indonesia
- Australia
- Rest of Asia Pacific
- Middle East & Africa Fiberglass Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Fiberglass Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Rovings
- Mats
- Strands
- Fabrics
- Middle East & Africa Fiberglass Market Estimates (US$ Mn), by Glass Type, 2019 – 2032
- S-Class
- E-Class
- C-Class
- ECR-Class
- Others
- Middle East & Africa Fiberglass Market Estimates (US$ Mn), by Application, 2019 – 2032
- Aerospace & Defense
- Wind Energy
- Construction
- Pipes & Tanks
- Automotive
- Others
- Middle East & Africa Fiberglass Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East
- South America Fiberglass Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Fiberglass Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Rovings
- Mats
- Strands
- Fabrics
- South America Fiberglass Market Estimates (US$ Mn), by Glass Type, 2019 – 2032
- S-Class
- E-Class
- C-Class
- ECR-Class
- Others
- South America Fiberglass Market Estimates (US$ Mn), by Application, 2019 – 2032
- Aerospace & Defense
- Wind Energy
- Construction
- Pipes & Tanks
- Automotive
- Others
- South America Fiberglass Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Fiberglass Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Chongqing Polycomp International Corp.
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Glasstex Fiberglass Materials Corp.
- Johns Manville
- Jushi Group Co., Ltd
- Owens Corning
- Shandong Fiberglass Group Co., Ltd
- Taishan Fiberglass Inc.
- Xingtai Jinniu Fiberglass Co., Ltd.
- Middle East Fiber Glass
- Gulf Fiberglass Factory
- Global Fiber Glass
- ADVANCED Fiberglass Industry LLC
- Chongqing Polycomp International Corp.
- Conclusion & Recommendations
Frequently asked questions about this report
What are the rising factor in this market?
Rising demand form energy and utility applications, growth of aerospace & defense industry, and technological advancement in composite materials are the key factors dynamically shaping the growth of the global fiberglass market.
Which region is contributing significantly to the global Fiberglass Market?
Asia Pacific contributed a dominating share to the global fiberglass marker.
Who are the prominent market players in the market?
Chongqing Polycomp International Corp., Glasstex Fiberglass Materials Corp., Johns Manville, Jushi Group Co., Ltd, Owens Corning are the top 5 Fiberglass manufacturers.