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Fiberglass Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Fiberglass Market: By Type (A- Glass Fiber, C- Glass Fiber, D- Glass Fiber, E- Glass Fiber, Advantex Glass Fiber, ECR Glass Fiber, AR Glass Fiber, R- Glass Fiber, S2 Glass Fiber, M- Glass Fiber and Z- Glass Fiber); Form (Tow, Veil mats, Woven fabrics, Chopped strand mat, Tape, Rope, Cloth and Others); Manufacturing Process (Continuous Filament and Staple Filament); Resin (Polyester, Vinyl esters, Epoxy, Polyurethanes and Others); Industry (Aircraft and Aerospace, Construction Industry, Consumer Goods, Corrosion Resistant Equipment, Electrical devices, Marine Industry and Automobile Industry); and Region—Industry Dynamics, Market Size and Opportunity Forecast Until 2031

  • Published Date: 20-Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0322190  | Delivery: 2 to 4 Hours
Fiberglass Market

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Report AttributeDetails
Market Size Value in 2022US$ 14,091.7 Mn
Expected Revenue in 2031US$ 23,217.3 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Type, Form, Manufacturing Proces, Resin, Industry, and Region
Key players                                                                                      AGY Holding Corp., Asahi Fiberglass Co. Ltd., Binani 3B-the Fibergalss Company, CertainTeed Corporation, China Jushi Co. Ltd., Chongqing Polycomp International Corp. (CPIC), Johns Manville Corp., Jushi Co. Ltd., Knauf Insulation, Nippon Electric Glass Co. Ltd., Owens Corning, PFG Fiber Glass Co. Ltd., Saint-Gobin Vetrotex, Taisan Fibergalss Inc., Taiwan Glass Ind. Corp., Other Prominent Players
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Fiberglass is an effective insulating material, mainly driven by its corrosion resistance, which helps it to withstand high temperatures and harsh conditions. Therefore, manufacturers prefer to choose fiberglass as an important part of manufacturing. 

Glass fiber has some shortcomings such as relative high density and difficulty to machine, so researchers and scientists have worked to develop a bio-composite material. 

The key features that fiberglass manufacturers are looking for in the procurement of raw materials is sizing stability. 

The global fiberglass market is studied from 2018-2031. 

The growth rate of the global fiberglass market is 5.6%, with an estimated value of US$ 23,217.3 Million by 2031. 

Asia Pacific held the major share in terms of revenue, in the global fiberglass market in 2022. 

Factors such as increase in use of fiberglass composite in the construction and automotive industry, increased demand for composite component and strict regulation for emission control favor fiberglass over other materials drives the growth in the global fiberglass market. 

Instability of raw material pricing and improper disposal techniques for recycling glass wool is a restraining factor which inhibits the growth of the market during the forecast period.

Type, form, manufacturing process, resin, industry and region are the different segments of the global fiberglass market. 

US holds the major share in terms of revenue in the North America fiberglass market in 2022. 

The polyester segment holds the largest market share in 2021 as they are naturally UV resistant, often regarded as simple to use, quick to cure, temperature and catalyst tolerant and less expensive than epoxy systems.

The key players operating in the market include Jhusi, Owens Corning, Taishan Fabric Glass, Chongqing Polycomp and Nippon among others.