Fiberglass Market Research Report Information By Type (E-Glass, A-Glass, C-Glass, S-Glass, T-Glass, AR-Glass, D-Glass), By Printing process (Tape, Cloth, Rope), By Application (Composites, Insulation), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

Global Fiberglass Market Overview

The Fiberglass Market Size was valued at USD 16.77 Billion in 2022. The Fiberglass industry is projected to grow from USD 18.39 Billion in 2023 to USD 23.29 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.20% during the forecast period (2023 - 2030). A Printing process of fiber-reinforced plastic known as fiberglass is used to strengthen fiber composed of glass fiber. The main component of fiberglass is silica, with minor amounts of calcium, magnesium, and boron oxides. A fiber with several uses is fiberglass. Excellent strength, low weight, bendability, and dimensional stability are only a few of its characteristics. It works with a polyester hardener.

   Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Fiberglass Market Trends

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  An increase in the usage of fiberglass composites in the automobile sector

  
  

Fiberglass goods are extensively employed in a variety of applications due to their higher strength-to-weight ratio, which is a crucial consideration in the manufacture of automobiles. Materials with great strength and low weight are used in the production process to enable the cars to achieve high mileage and improved fuel economy. To fulfill CAFE (Corporate Average Fuel Economy), which is pushing the usage of glass fiber composites in the automobile sector, several nations are concentrating on the manufacturing of lightweight cars. Hence, one of the key factors boosting the growth of the fiberglass market is the growing demand for lightweight and fuel-efficient automobiles.

Fiberglass Market Segment Insights

Fiberglass Type Insights

The market segmentation, based on Type, includes E-Glass, A-Glass, C-Glass, S-Glass, T-Glass, AR-Glass, and D-Glass. The S-Glass segment is the largest and most important segment of the fiberglass market. It is responsible for the majority of fiberglass production and consumption. The segment is characterized by its high-quality products, which are used in a variety of applications.

Fiberglass Printing process Insights

Based on the Printing process, the market segmentation includes Tape, Cloth, and Rope. The Tape segment dominated the market. The significant growth of the Tape segment is attributed to the rising demand for fiberglass tapes from the construction and automotive industries.

Fiberglass Application Insights

Based on Application, the market segmentation includes Composites and Insulation. The Composites segment is the largest segment of the market. It includes a wide range of products, from building materials to automotive parts. Composites are made from a variety of materials, including glass, carbon, and Kevlar. They are used in a wide range of applications, from construction to aerospace.

Figure 2:  Fiberglass Market, by Application, 2022 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Fiberglass Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The demand for fiberglass in Asia Pacific has been driven by several factors, including infrastructure development, urbanization, and growth in industries such as wind energy, transportation, and construction. Government initiatives to promote sustainable development have also contributed to the growth of the market in this region.

In addition, the Asia Pacific fiberglass industry has benefitted from investments in research and development, which have resulted in the development of new and innovative fiberglass products. However, as with any market, the fiberglass market is subject to fluctuations based on various factors such as raw material prices, environmental regulations, and technological advancements. Therefore, it is important to continue monitoring the market to assess any changes in trends or emerging players.

Figure 3:  FIBERGLASS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Fiberglass Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Fiberglass industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Fiberglass industry to benefit customers and expand the market sector. Major market players, including PPG Industries Inc, Jushi Group Co Ltd, Knauf Insulation, Saint-Gobain, and others, are attempting to increase market demand by funding R&D initiatives.

PPG Industries is a paint, coatings, and specialty materials manufacturer and distributor. Performance Coatings and Industrial Coatings are the two main sectors of the company. Coatings and specialty materials are supplied to customers in a wide range of end-uses, including industrial equipment and components, packaging material, aircraft, marine equipment, automotive original equipment, automotive refinish, pavement marking products, and coatings for other industrial and consumer products. PPG Industries also services commercial and residential new construction and maintenance clients by providing coatings to painting and maintenance companies as well as directly to consumers for decorating.

Knauf Insulation is an insulating product producer. It sells insulation made of glass mineral wool, rock mineral wool, wood wool, and blown wool. In addition, the firm offers thermal, acoustic, and fire-resistant insulation solutions for both residential and non-residential structures.

Key Companies in the Fiberglass market include

• PPG Industries Inc


• Jushi Group Co.Ltd


• Owens Corning


• Nippon Electric Glass Co.Ltd


• Johns Manville Corp


• Taiwan Glass Ind.Corp


• Knauf Insulation


• Saint-Gobain


• PFG Fiber Glass (Kunshan) Co.Ltd


• Asahi Fiberglass Co.Ltd

Fiberglass Industry Developments

September 2021: Saudi Aramco inaugurated its new Fibre Glass Rebar Facility in Saudi Arabia.

August 2021: Owens Corning announced the launch of PINK Next Gen Fiberglas insulation.

Fiberglass Market Segmentation

Fiberglass Type Outlook

• E-Glass


• A-Glass


• C-Glass


• S-Glass


• T-Glass


• AR-Glass


• D-Glass

Fiberglass Printing process Outlook

• Tape


• Cloth


• Rope

Fiberglass Application Outlook

• Composites


• Insulation

Fiberglass Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size 2022	USD 16.77 Billion
Market Size 2023	USD 18.39 Billion
Market Size 2030	USD 23.29 Billion
Compound Annual Growth Rate (CAGR)	4.20% (2023-2030)
Base Year	2022
Market Forecast Period	2023-2030
Historical Data	2019 & 2022
Market Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Printing process, Application, and Region
Geographies Covered	North America, Europe, Asia Pacific, and Rest of the World
Countries Covered	The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	PPG Industries Inc, Jushi Group Co.Ltd, Owens Corning, Nippon Electric Glass Co.Ltd, Johns Manville Corp, Taiwan Glass Ind.Corp, Knauf Insulation, Saint-Gobain, PFG Fiber Glass (Kunshan) Co.Ltd, Asahi Fiberglass Co.Ltd
Key Market Opportunities	·         The construction industry in developing countries ·         Renewable source of energy
Key Market Dynamics	·         Developing advanced glass fibers for the wind energy market

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