Market Overview:
The global fiberglass market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for fiberglass in construction, transportation, industrial, and consumer applications. Fiberglass is used as a reinforcing material in composites due to its high strength-to-weight ratio and resistance to corrosion and fatigue. It is also used as an insulation material owing to its thermal insulation properties. Some of the other major application areas of fiberglass include wind power and marine applications. The North America region dominates the global fiberglass market followed by Europe, Asia Pacific, Latin America, and Middle East & Africa respectively.
Product Definition:
A fiberglass is a material made from very small glass fibers that are combined with a resin. The resin binds the fibers together and forms a solid material. Fiberglass is used to make products such as boats, cars, and wind turbines because it is strong and lightweight.
Roving Glass Fibers:
Roving glass fibers are long, thin strands of silica-based or other synthetic fiber that can be drawn into a yarn and used in reinforced concrete, natural stone, or wood. The product is primarily used to add tensile strength to the construction materials. It is also utilized for adding durability and improving resistance towards corrosive chemicals & moisture in composite structures such as bridges & buildings.
Chopped Glass Fibers:
Chopped glass fibers are produced by the fragmentation of a continuous length of fiberglass. It is used in various applications including reinforcement for composites, insulation for electrical conductors and pipes, and protective layering in construction materials. The product has high tensile strength which makes it an ideal material to be used as reinforcing agents or fillers in composite manufacturing.
Application Insights:
The construction application segment led the global fiberglass market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. Rapid urbanization coupled with rising housing needs across the globe has resulted in increased demand for glass fibers, which is anticipated to positively impact product consumption over the next seven years.
Construction was followed by transportation as the second-largest application segment owing to increasing use of glass fibers in composites used for vehicle body panels, flooring systems, glazing and roofing applications. The industrial sector includes chemical plants, oil & gas facilities among others; where strong structural support is required from glass fibers reinforced concrete (GFRC).
Consumer products include household appliances such as refrigerators.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. The regional market will expand further at a steady CAGR from 2018 to 2030 due to the presence of key players such as Nippon Paint Holdings Co., Ltd.; Sherwin-Williams Company; and PPG Industries, Inc. In North America, Mexico is one of the prominent consumers for glass fiber products owing to its rapid growth as an economy and high construction industry growth rate coupled with government initiatives favoring infrastructure development in various sectors including transportation, commercial buildings, residential buildings etc.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries such as construction and automotive among others for windowing systems that are lightweight, energy efficient while providing privacy & security along with aesthetic appeal required by modern architectural designs across countries like China & India which has led this region being called 'The Factory Of The Future'.
Growth Factors:
- Increasing demand from the construction industry for fiberglass insulation and other products is expected to drive growth in the fiberglass market.
- The increasing use of fiberglass composites in automobiles and other transportation equipment is also anticipated to boost demand for this material over the forecast period.
- Fiberglass manufacturers are focusing on developing new applications for their products, which is likely to create new opportunities for growth in the market over the next few years.
- Growing awareness about the benefits of using fiberglass products, such as thermal insulation and weight reduction, is projected to propel demand during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiberglass Market Research Report
By Type
Roving Glass Fibers, Chopped Glass Fibers, Yarn Glass Fibers, Others
By Application
Construction, Transportation, Industrial, Consumer, Wind Power, Others
By Companies
Owens Corning, Jushi Group, Taishan Fiberglass (Sinoma), CPIC, Saint-Gobain Vetrotex, PPG Industries, Nippon Electric Glass, Johns Mansville, Nittobo, Advanced Glassfiber Yarns, Binani-3B, Sichuan Weibo, Jiangsu Jiuding, Lanxess, Changzhou Tianma, Ahlstrom
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Fiberglass Market Report Segments:
The global Fiberglass market is segmented on the basis of:
Types
Roving Glass Fibers, Chopped Glass Fibers, Yarn Glass Fibers, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Transportation, Industrial, Consumer, Wind Power, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Owens Corning
- Jushi Group
- Taishan Fiberglass (Sinoma)
- CPIC
- Saint-Gobain Vetrotex
- PPG Industries
- Nippon Electric Glass
- Johns Mansville
- Nittobo
- Advanced Glassfiber Yarns
- Binani-3B
- Sichuan Weibo
- Jiangsu Jiuding
- Lanxess
- Changzhou Tianma
- Ahlstrom
Highlights of The Fiberglass Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Roving Glass Fibers
- Chopped Glass Fibers
- Yarn Glass Fibers
- Others
- By Application:
- Construction
- Transportation
- Industrial
- Consumer
- Wind Power
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fiberglass Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fiberglass is a type of plastic that is made from glass fibers. It is often used to make products such as boats, aircrafts, and cars.
Some of the key players operating in the fiberglass market are Owens Corning, Jushi Group, Taishan Fiberglass (Sinoma), CPIC, Saint-Gobain Vetrotex, PPG Industries, Nippon Electric Glass, Johns Mansville, Nittobo, Advanced Glassfiber Yarns, Binani-3B, Sichuan Weibo, Jiangsu Jiuding, Lanxess, Changzhou Tianma, Ahlstrom.
The fiberglass market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fiberglass Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fiberglass Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fiberglass Market - Supply Chain
4.5. Global Fiberglass Market Forecast
4.5.1. Fiberglass Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fiberglass Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fiberglass Market Absolute $ Opportunity
5. Global Fiberglass Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fiberglass Market Size and Volume Forecast by Type
5.3.1. Roving Glass Fibers
5.3.2. Chopped Glass Fibers
5.3.3. Yarn Glass Fibers
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fiberglass Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fiberglass Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Transportation
6.3.3. Industrial
6.3.4. Consumer
6.3.5. Wind Power
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fiberglass Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fiberglass Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fiberglass Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fiberglass Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fiberglass Demand Share Forecast, 2019-2026
9. North America Fiberglass Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fiberglass Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fiberglass Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Transportation
9.4.3. Industrial
9.4.4. Consumer
9.4.5. Wind Power
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fiberglass Market Size and Volume Forecast by Type
9.7.1. Roving Glass Fibers
9.7.2. Chopped Glass Fibers
9.7.3. Yarn Glass Fibers
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fiberglass Demand Share Forecast, 2019-2026
10. Latin America Fiberglass Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fiberglass Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fiberglass Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Transportation
10.4.3. Industrial
10.4.4. Consumer
10.4.5. Wind Power
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fiberglass Market Size and Volume Forecast by Type
10.7.1. Roving Glass Fibers
10.7.2. Chopped Glass Fibers
10.7.3. Yarn Glass Fibers
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fiberglass Demand Share Forecast, 2019-2026
11. Europe Fiberglass Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fiberglass Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fiberglass Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Transportation
11.4.3. Industrial
11.4.4. Consumer
11.4.5. Wind Power
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fiberglass Market Size and Volume Forecast by Type
11.7.1. Roving Glass Fibers
11.7.2. Chopped Glass Fibers
11.7.3. Yarn Glass Fibers
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fiberglass Demand Share, 2019-2026
12. Asia Pacific Fiberglass Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fiberglass Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fiberglass Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Transportation
12.4.3. Industrial
12.4.4. Consumer
12.4.5. Wind Power
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fiberglass Market Size and Volume Forecast by Type
12.7.1. Roving Glass Fibers
12.7.2. Chopped Glass Fibers
12.7.3. Yarn Glass Fibers
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fiberglass Demand Share, 2019-2026
13. Middle East & Africa Fiberglass Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fiberglass Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fiberglass Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Transportation
13.4.3. Industrial
13.4.4. Consumer
13.4.5. Wind Power
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fiberglass Market Size and Volume Forecast by Type
13.7.1. Roving Glass Fibers
13.7.2. Chopped Glass Fibers
13.7.3. Yarn Glass Fibers
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fiberglass Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fiberglass Market: Market Share Analysis
14.2. Fiberglass Distributors and Customers
14.3. Fiberglass Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Owens Corning
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Jushi Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Taishan Fiberglass (Sinoma)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CPIC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Saint-Gobain Vetrotex
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PPG Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nippon Electric Glass
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Johns Mansville
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nittobo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Advanced Glassfiber Yarns
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Binani-3B
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sichuan Weibo
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Jiangsu Jiuding
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Lanxess
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Changzhou Tianma
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Ahlstrom
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
