Fiberglass Market was valued at USD 29.46 Billion in 2023, and it is expected to reach USD 47.94 Billion by 2030, exhibiting a CAGR of 7.2 % during the forecast period (2024-2030)
Fiberglass Market Overview
Maximize Market Research, a leading market research and consulting company, has released an in-depth report on the evolving Fiberglass Market. As technological advancements and changing consumer demands continue to shape the industry, this comprehensive overview provides invaluable insights for businesses aiming to make informed decisions and capitalize on emerging prospects.
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Market Report Scope and Research Methodology
The Fiberglass market report offers a thorough estimation of market sizes and segments, encompassing both qualitative and quantitative aspects. Stakeholders can gain insights into drivers, challenges, and investment opportunities. The report analyzes the competitiveness, products, and regional markets of major companies, utilizing a blend of primary and secondary research to provide a roadmap for achieving higher growth in the Fiberglass market.
Through a meticulous research methodology, the report delves into the key factors influencing the Fiberglass market. It examines market sizes, growth rates, and import-export activities across different regions, providing a comprehensive analysis. The Regional Insights section scrutinizes the current status of the Fiberglass market in various countries.
Dynamics of the Fibreglass Market
Growing Wind Energy Sector Demand for Power Generation
Marine-grade stranded E-glass fibres that have been sewn together and mixed with a vinyl ester, polyester, or epoxy matrix are frequently used to make fibreglass wind turbine blades. The manufacture of lightweight rotor blades, which has a major impact on driving product demand throughout the predicted period, uses fibreglass fabrics. Growth in fibreglass is anticipated as a result of major manufacturers like GE investing more in the development of wind technology, particularly in fabric wind turbine blades.
Fiberglass Market Regional Insights
The report provides a comprehensive analysis, encompassing all factors, market size, growth rate, and import-export activities across different regions. Through Regional Analysis, the report examines the current status of the Fiberglass market in various countries.
Fiberglass Market Segmentation
by Glass Type
E-Glass
ECR-Glass
H-Glass
AR-glass
S-Glass
Others
According to glass type, the E-glass segment led the fibreglass market in 2023 and is anticipated to continue to maintain the most share of the fibreglass market over the projected period. E-glass, or electrical grade glass fibres, are frequently used in application sectors due to their low electrical conductivity. Demand for low alkali E-glass is largely driven by its physical and mechanical attributes, which include low cost, high production rates, high strength and stiffness, high temperature, and flame and heat resistance. Products made of e-glass have great flexibility and a high level of vibration and abrasion resistance. Applications for this lightweight woven plastic cloth include aerospace, industrial, and maritime settings.
by Product
Glass Wool
Roving
Chopped Strand
Yarn
Others
by Application
Transportation
Building & Construction
Electrical & Electronics
Pipe & Tank
Consumer Goods
Wind Energy
Others
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Fiberglass Market Key Players
1. China Jushi Co., Ltd. (China)
2. Xingtai Jinniu Fiberglass (China)
3. Glasstex Fiberglass (China)
4. Chongqing polycomp International Corporation (China)
5. Jushi Group Co., Ltd (China)
6. Taishan Fiberglass (China)
7. Hexcel Corporation (U.S.)
8. Fibre Glast Developments Corp. (U.S.)
9. PPG Industries (US)
10. Owens Corning (US)
11. Phelps Industrial Products LLC. (US)
12. Agy Holdings Corp. (US)
13. CertainTeed Corporation (US)
14. Auburn Manufacturing, Inc. (U.S.)
15. BGF Industries, Inc. (U.S.)
16. Dupont (U.S.)
17. Johns Manville Corp. (US)
18. Nitto Boseki Co., Ltd. (Japan)
19. Nippon Electric Glass (Japan)
20. Asahi Fiberglass Co (Japan)
21. PFG Fiber Glass (Taiwan)
22. Taiwan Glass Ind. (Taiwan)
23. 3B-The Fiberglass Company (Belgium)
24. Knauf Insulation (Belgium)
25. Gurit (Switzerland)
26. Chomarat (France)
27. Saint-Gobain (France)
28. Saertex GmbH & Co.KG. (Germany)
Table of content for the Fiberglass Market includes:
Part 01: Executive Summary
Part 02: Scope of the Fiberglass Market Report
Part 03: Fiberglass Market Landscape
Part 04: Fiberglass Market Sizing
Part 05 Fiberglass Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key questions answered in the Fiberglass Market are:
- What is Fiberglass?
- What was the Fiberglass market size in 2023?
- What is the growth rate of the Fiberglass Market?
- Which are the factors expected to drive the Fiberglass market growth?
- What are the different segments of the Fiberglass Market?
- What growth strategies are the players considering to increase their presence in Fiberglass?
- What are the upcoming industry applications and trends for the Fiberglass Market?
- What major challenges could the Fiberglass Market face in the future?
- What segments are covered in the Fiberglass Market?
- Who are the leading companies and what are their portfolios in Fiberglass Market?
- What segments are covered in the Fiberglass Market?
- Who are the key players in the Fiberglass market?
Key Offerings:
- Past Market Size and Competitive Landscape (2019 to 2023)
- Past Pricing and price curve by region (2019 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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