The global fiberglass market is expected to grow at a steady rate during the forecast period. The global fiberglass market is driven by the growing demand for cleaner forms of energy. This has increased the installation of wind turbines to generate electricity. Fiberglass is extensively used in making wind turbine blades. This in turn is expected to positively influence the market growth through 2027. Additionally, properties such as high tensile strength, lightweight, corrosion-resistant properties, and aesthetic value, among others of fiberglass are further expected to increase in demand through 2027. These properties have increased the use of fiberglass in various end-user industries such as automotive, aerospace, building & construction, oil & gas, and water & wastewater, among others. However, the high cost of fiberglass can hamper the market growth during the forecast period. Also, the availability of substitutes such as carbon fiber and aluminum can further restrict the market growth over the next few years. Furthermore, the sudden outbreak and spread of the pandemic COVID-19 has led to a shortage in the supply of raw materials from Chinese manufacturers which has led to a demand-supply gap. Manufacturers are further expected to be stranded on raw material orders since the logistic industry is significantly impacted by the lockdown. This in turn is expected to negatively impact the market growth.
The global fiberglass market is segmented based on type, glass fiber type, resin, application, end-user industry, company, and region. Based on type, the market can be categorized into glass wool, direct & assembled roving, yarn, chopped strand, and others. The glass wool segment is expected to dominate the market owing to the extensive use of glass wool for thermal and electrical insulation purposes in the building & construction industry. Glass wool helps in maintaining the temperature inside the buildings. Based on application, the market can be split into composites and glass wool insulation. The composites segment is expected to dominate the market owing to their extensive use in various end-user industries such as automotive, building & construction, and consumer durables, among others. This can be ascribed to the lightweight, high strength-to-weight ratio, and aesthetic properties of fiberglass.
Regionally, the fiberglass market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, Asia Pacific is expected to dominate the market share in the overall fiberglasses market owing to the well-established automotive industry in the region especially in countries like India and China. While North America is expected to hold a significantly large market share owing to the extensive use of fiberglass in building insulation. Additionally, increasing automotive sales in the region further drives the market.
The major players operating in the fiberglass market are Binani 3B-the Fibreglass Company, Owens Corning, Johns Manville GmbH, Nippon Electric Glass Co., Ltd., Saint Gobain, China Jushi Co., Ltd., Asahi Fiberglass Co. Ltd., CertainTeed Corporation, Taishan Fiberglass Inc., PFG Fiber Glass (Kunshan) Co. Ltd. and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
The objective of the Study:
- To analyze and estimate the market size of global fiberglass market from 2017 to 2020.
- To estimate and forecast the market size of global fiberglass market from 2021 to 2027 and the growth rate until 2027.
- To classify and forecast global fiberglass market based on type, glass fiber type, resin, application, end-user industry, company and regional distribution.
- To identify the dominant region or segment in the global fiberglass market.
- To identify drivers and challenges for global fiberglass market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global fiberglass market.
- To identify and analyze the profile of leading players operating in global fiberglass market.
- To identify key sustainable strategies adopted by market players in global fiberglass market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global fiberglasses market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Fiberglass manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to fiberglass
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type· Glass Fiber Type· Resin· Application· End User industry |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Kuwait; Brazil, Argentina, Colombia; |
| Key companies profiled | Binani 3B-the Fibreglass Company, Owens Corning, Johns Manville GmbH, Nippon Electric Glass Co., Ltd., Saint Gobain, China Jushi Co., Ltd., Asahi Fiberglass Co. Ltd., CertainTeed Corporation, Taishan Fiberglass Inc., PFG Fiber Glass (Kunshan) Co. Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global fiberglass market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Fiberglass Market, By Type:
- Glass Wool
- Direct & Assembled Roving
- Yarn
- Chopped Strand
- Others
- Global Fiberglass Market, By Glass Fiber Type:
- E-Glass
- A-Glass
- S-Glass
- AR-Glass
- C- Glass
- R-Glass
- Others
- Global Fiberglass Market, By Resin:
- Thermoset Resins
- Thermoplastic Resins
- Global Fiberglass Market, By Application:
- Composites
- Glass Wool Insulation
- Global Fiberglass Market, By End User Industry:
- Construction & Infrastructure
- Automotive
- Wind Energy
- Electronics
- Aerospace & Defense
- Others
- Global Fiberglass Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- South America
- Brazil
- Argentina
- Colombia
- North America
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global fiberglass market.
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Table of Content
1. Product Overview
- Research Methodology
- Impact of COVID-19 on Global Fiberglass Market
- Executive Summary
- Voice of Customer
- Global Fiberglass Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Glass Wool, Direct & Assembled Roving, Yarn, Chopped Strand, Others)
6.2.2. By Glass Fiber Type (E-Glass, A-Glass, S-Glass, AR-Glass, C- Glass, R-Glass, Others)
6.2.3. By Resin (Thermoset Resins v/s Thermoplastic Resins)
6.2.4. By Application (Composites v/s Glass Wool Insulation)
6.2.5. By End User Industry (Construction & Infrastructure, Automotive, Wind Energy, Electronics, Aerospace & Defense, Others)
6.2.6. By Company (2021)
6.2.7. By Region
6.3. Product Market Map
- Asia-Pacific Fiberglass Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Glass Fiber Type
7.2.3. By Resin
7.2.4. By Application
7.2.5. By End User Industry
7.2.6. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Fiberglass Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Glass Fiber Type
7.3.1.2.3. By Resin
7.3.1.2.4. By Application
7.3.1.2.5. By End User Industry
7.3.2. India Fiberglass Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Glass Fiber Type
7.3.2.2.3. By Resin
7.3.2.2.4. By Application
7.3.2.2.5. By End User Industry
7.3.3. Australia Fiberglass Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Glass Fiber Type
7.3.3.2.3. By Resin
7.3.3.2.4. By Application
7.3.3.2.5. By End User Industry
7.3.4. Japan Fiberglass Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Type
7.3.4.2.2. By Glass Fiber Type
7.3.4.2.3. By Resin
7.3.4.2.4. By Application
7.3.4.2.5. By End User Industry
7.3.5. South Korea Fiberglass Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Type
7.3.5.2.2. By Glass Fiber Type
7.3.5.2.3. By Resin
7.3.5.2.4. By Application
7.3.5.2.5. By End User Industry
- Europe Fiberglass Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Glass Fiber Type
8.2.3. By Resin
8.2.4. By Application
8.2.5. By End User Industry
8.2.6. By Country
8.3. Europe: Country Analysis
8.3.1. France Fiberglass Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Glass Fiber Type
8.3.1.2.3. By Resin
8.3.1.2.4. By Application
8.3.1.2.5. By End User Industry
8.3.2. Germany Fiberglasses Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Glass Fiber Type
8.3.2.2.3. By Resin
8.3.2.2.4. By Application
8.3.2.2.5. By End User Industry
8.3.3. United Kingdom Fiberglass Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Glass Fiber Type
8.3.3.2.3. By Resin
8.3.3.2.4. By Application
8.3.3.2.5. By End User Industry
8.3.4. Italy Fiberglasses Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Type
8.3.4.2.2. By Glass Fiber Type
8.3.4.2.3. By Resin
8.3.4.2.4. By Application
8.3.4.2.5. By End User Industry
8.3.5. Spain Fiberglass Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Type
8.3.5.2.2. By Glass Fiber Type
8.3.5.2.3. By Resin
8.3.5.2.4. By Application
8.3.5.2.5. By End User Industry