Global Fiberglass Market Size study & Forecast, by Glass Type, by Product, by Application and Regional Analysis, 2023-2030

Description

List of Tables

Global Fiberglass Market is valued at approximately USD 12.58 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2023-2030. The global fiberglass market refers to the industry involved in the production, distribution, and use of fiberglass, which is a reinforced plastic material made from fine fibers of glass. The major driving factors for the Global Fiberglass Market are rising construction industry and the growing automotive industry. Moreover, rising technological advancements and high government support for the market are creating lucrative growth opportunities for the market over the forecast period 2023-2030.

Rise in number of connected cars worldwide is driving the market growth. Connected cars often feature advanced electronic systems and sensors that require lightweight materials to improve fuel efficiency and reduce emissions. Fiberglass is known for its high strength-to-weight ratio, making it an attractive choice for components like body panels, bumpers, and interior parts. For instance,, according to Statista, in 2021 there was 237 million connected cars which is predicted to increase up to 400 million in 2025. Along with this, the global automotive manufacturing industry, due to pandemic the faced decline in revenue. Yet, the market is recovering slowly and in 2022 the market would lift up to USD 2.95 trillion from USD 2.71 trillion in 2020 according to Statista. Along with this, according to the same source, by year 2030, 58 million new self-driving cars are anticipated to be added on road across the globe, which would directly increase the adoption of 5G in automotive. Additionally, around 26% of all new car sales are anticipated to be electric vehicles. However, the high cost of Fiberglass stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Fiberglass Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is a dominating market for fiberglass, driven by the presence of various industries such as construction, automotive, aerospace, and wind energy. The region has a mature fiberglass market, with established manufacturers and high demand for fiberglass products. The construction sector contributes to the growth of the fiberglass market due to the use of fiberglass in applications such as insulation, roofing, and composite materials. The Asia-Pacific region is experiencing significant growth in the fiberglass market due to rapid industrialization, urbanization, and infrastructure development. Countries such as China, India, and Japan have a high demand for fiberglass products, particularly in the construction, automotive, and electronics industries. The region is also witnessing a surge in wind energy projects, contributing to the demand for fiberglass in wind turbine components.

Major market player included in this report are:

LANXESS (Germany)
Owens Corning (U.S.)
3B - The Fiberglass Comp (Belgium)
Shandong Fiberglass Group Corp (China)
Nippon Electric Glass Co., Ltd (Japan)
Taishan Fiberglass Inc.(CTG) (China)
Chongqing Polycomp International Corp. (China)
Johns Manville (U.S.)
Saint-Gobain Vetrotex (France)
China Jushi Co., Ltd. (China)

Recent Developments in the Market:

In June 2022, Owens Corning announced the signing of an agreement to establish a joint venture with Pultron Composites. This joint venture aims to manufacture fiberglass rebar, a type of reinforcement used in concrete. Through this partnership, Owens Corning reaffirms its commitment to offering high-performance concrete reinforcement products in a sustainable manner. Fiberglass rebar provides advantages such as increased durability and corrosion resistance compared to traditional steel reinforcement.
In February 2021, Saint-Gobain Vetrotex introduced a new sizing system called T34 as a successor to their previous T30 product. The T34 sizing system was specifically developed to enable heat-cleaning operations without compromising the textile properties of fiberglass. According to the company, the T34 sizing system has demonstrated excellent performance, with no broken filaments occurring during the weaving processes. This innovation enhances the manufacturing process of fiberglass textiles and contributes to improved product quality.

Global Fiberglass Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Glass Type, Product, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Glass Application offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Glass Type:

E-Glass
Specialty

By Product:

Glass Wood
Yarn
Roving
Chopped Strands
Others

By Application:

Transportation
Building & Construction
Electrical & Electronics
Pipe & Tank
Consumer Goods
Wind Energy
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Fiberglass Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Fiberglass Market, by Glass Type, 2020-2030 (USD Billion)
- 1.2.3. Fiberglass Market, by Product, 2020-2030 (USD Billion)
- 1.2.4. Fiberglass Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Fiberglass Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Fiberglass Market Dynamics

3.1. Fiberglass Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising construction industry
  - 3.1.1.2. Growing Automotive industry
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Fiberglass
  - 3.1.2.2. Health concerns associated with the production and disposal of fiberglass products
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising technological advancements
  - 3.1.3.2. High government support

Chapter 4. Global Fiberglass Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Fiberglass Market, by Glass Type

5.1. Market Snapshot
5.2. Global Fiberglass Market by Glass Type, Performance - Potential Analysis
5.3. Global Fiberglass Market Estimates & Forecasts by Glass Type 2020-2030 (USD Billion)
5.4. Fiberglass Market, Sub Segment Analysis
- 5.4.1. E-Glass
- 5.4.2. Specialty

Chapter 6. Global Fiberglass Market, by Product

6.1. Market Snapshot
6.2. Global Fiberglass Market by Product, Performance - Potential Analysis
6.3. Global Fiberglass Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
6.4. Fiberglass Market, Sub Segment Analysis
- 6.4.1. Glass Wood
- 6.4.2. Yarn
- 6.4.3. Roving
- 6.4.4. Chopped Strands
- 6.4.5. Others

Chapter 7. Global Fiberglass Market, by Application

7.1. Market Snapshot
7.2. Global Fiberglass Market by Application, Performance - Potential Analysis
7.3. Global Fiberglass Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Fiberglass Market, Sub Segment Analysis
- 7.4.1. Transportation
- 7.4.2. Building & Construction
- 7.4.3. Electrical & Electronics
- 7.4.4. Pipe & Tank, Consumer Goods
- 7.4.5. Wind Energy
- 7.4.6. Others

Chapter 8. Global Fiberglass Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Fiberglass Market, Regional Market Snapshot
8.4. North America Fiberglass Market
- 8.4.1. U.S. Fiberglass Market
  - 8.4.1.1. Glass Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Product breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Fiberglass Market
8.5. Europe Fiberglass Market Snapshot
- 8.5.1. U.K. Fiberglass Market
- 8.5.2. Germany Fiberglass Market
- 8.5.3. France Fiberglass Market
- 8.5.4. Spain Fiberglass Market
- 8.5.5. Italy Fiberglass Market
- 8.5.6. Rest of Europe Fiberglass Market
8.6. Asia-Pacific Fiberglass Market Snapshot
- 8.6.1. China Fiberglass Market
- 8.6.2. India Fiberglass Market
- 8.6.3. Japan Fiberglass Market
- 8.6.4. Australia Fiberglass Market
- 8.6.5. South Korea Fiberglass Market
- 8.6.6. Rest of Asia Pacific Fiberglass Market
8.7. Latin America Fiberglass Market Snapshot
- 8.7.1. Brazil Fiberglass Market
- 8.7.2. Mexico Fiberglass Market
8.8. Middle East & Africa Fiberglass Market
- 8.8.1. Saudi Arabia Fiberglass Market
- 8.8.2. South Africa Fiberglass Market
- 8.8.3. Rest of Middle East & Africa Fiberglass Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. LANXESS (Germany)
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Owens Corning (U.S.)
- 9.3.3. 3B - The Fiberglass Comp (Belgium)
- 9.3.4. Shandong Fiberglass Group Corp (China)
- 9.3.5. Nippon Electric Glass Co., Ltd (Japan)
- 9.3.6. Taishan Fiberglass Inc. (CTG) (China)
- 9.3.7. Chongqing Polycomp International Corp. (China)
- 9.3.8. Johns Manville (U.S.)
- 9.3.9. Saint-Gobain Vetrotex (France)
- 9.3.10. China Jushi Co., Ltd. (China)

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Fiberglass Market, report scope
TABLE 2. Global Fiberglass Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Fiberglass Market estimates & forecasts by Glass Type 2020-2030 (USD Billion)
TABLE 4. Global Fiberglass Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 5. Global Fiberglass Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Fiberglass Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Fiberglass Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Fiberglass Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Fiberglass Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Fiberglass Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Fiberglass Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Fiberglass Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Fiberglass Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Fiberglass Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Fiberglass Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Fiberglass Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Fiberglass Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Fiberglass Market
TABLE 71. List of primary sources, used in the study of global Fiberglass Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Fiberglass Market, research methodology
FIG 2. Global Fiberglass Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Fiberglass Market, key trends 2022
FIG 5. Global Fiberglass Market, growth prospects 2023-2030
FIG 6. Global Fiberglass Market, porters 5 force model
FIG 7. Global Fiberglass Market, pest analysis
FIG 8. Global Fiberglass Market, value chain analysis
FIG 9. Global Fiberglass Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Fiberglass Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Fiberglass Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Fiberglass Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Fiberglass Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Fiberglass Market, regional snapshot 2020 & 2030
FIG 15. North America Fiberglass Market 2020 & 2030 (USD Billion)
FIG 16. Europe Fiberglass Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Fiberglass Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Fiberglass Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Fiberglass Market 2020 & 2030 (USD Billion)