Global Fiberglass Market Size To Exceed USD 33.5 Billion By 2035 | CAGR Of 5.04%
Category: Advanced MaterialsGlobal Fiberglass Market Size To Exceed USD 33.5 Billion By 2035
According to a research report published by Spherical Insights & Consulting, The Global Fiberglass Market Size is expected to Grow from USD 19.5 Billion in 2024 to USD 33.5 Billion by 2035, at a CAGR of 5.04% during the forecast period 2025-2035.
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Browse key industry insights spread across 210 pages with 100 Market data tables and figures & charts from the report on the "Global Fiberglass Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Glass wool, Yarn, Roving, Chopped strand, and Others), By Application (Insulation, Liquid, and Composites), By End Use (Automobiles, Construction, Aerospace, Wind Energy, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/fiberglass-market
The fiberglass market is the industry encompassing the production, distribution, and consumption of fiberglass. Fiberglass is a composite material composed of glass fibers embedded in a resin, which is primarily used in diverse industrial sectors due to its strength, durability, and versatility. The fiberglass market is driven by the need for lightweight and durable materials in the automotive and aerospace sectors. Further, an increasing demand for fiberglass for reducing carbon emissions, with the growing environmental concerns, is bolstering the market demand. The upsurging focus on sustainable construction practices and strict regulations on weight reduction and fuel consumption in the aerospace sector are offering market opportunities. The lightweight, strength, durability, and easy moldability of fiberglass are responsible for market growth. The growing demand for fiberglass in construction, transportation, manufacturing, and the sports equipment sector leads to propel the market. Further, the growing infrastructure development and expansion of wind energy projects lead to driving the market demand for fiberglass. On the contrary, the volatility in raw material prices and stringent regulations associated with the product quality, safety, and environmental impact are challenging the market growth,
The glass wool segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the fiberglass market is divided into glass wool, yarn, roving, chopped strand, and others. Among these, the glass wool segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The extensive use of glass wool fiberglass as a thermal and acoustic insulation in a diverse range of applications is responsible for driving the market.
The composites segment accounted for the largest revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the fiberglass market is divided into insulation, liquid, and composites. Among these, the composites segment accounted for the largest revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The fiberglass composites’ strength-to-weight ratio, as well as durability and resistance to environmental degradation, drives the market in the composites segment.
The construction segment accounted for the largest revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end use, the fiberglass market is divided into automobiles, construction, aerospace, wind energy, and others. Among these, the construction segment accounted for the largest revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Fiberglass provides structural integrity with energy efficiency in the construction sector. The growing focus on infrastructure development is responsible for driving the market.
Asia Pacific is expected to hold the majority share of the global fiberglass market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global fiberglass market during the forecast period. The rapid industrialization and urbanization in countries like China and India are contributing to driving the fiberglass market in the region. Further, the continuous accessibility of raw materials and low-cost labor is propelling the fiberglass market growth. Government initiatives promoting sustainable building practices are propelling the fiberglass market in the region.
Europe is anticipated to grow at the fastest pace in the global fiberglass market during the forecast period. An increase in renovation activities in the region, driving demand for fiberglass, leads to propel the market growth. Transportation, electrical & electronics, pipe & tank, wind energy, and consumer goods industries in the region are contributing to driving the market demand for fiberglass.
North America is anticipated to grow at a significant CAGR during the projected timeframe. The upsurging trend of the wind power industry, driving the demand for fiberglass for manufacturing light rotor blades, thereby bolstering the market growth. The rapid increase in electric vehicle sales in the U.S., as well as demand for commercial & passenger vehicles, is responsible for driving the regional market
Major vendors in the global fiberglass market are Owens Corning, Saint-Gobain, Nippon Electric Glass, Jushi Group Co. Ltd., 3B-The Fiberglass Company, PPG Industries, Johns Manville, Taishan Fiberglass, Inc., Chongqing Polycomp International Corp., Knauf Insulation, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In April 2023, LANXESS Performance Materials, a leading global joint venture established between LANXESS and Advent International for high-performance engineering polymers, is presenting a range of modern and lightweight solutions with high-performance plastics for the automotive, two-wheeler, and e-mobility industry at PLASTINDIA 2023 from 1st to 5th February.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Fiberglass market based on the below-mentioned segments:
Global Fiberglass Market, By Product Type
- Glass wool
- Yarn
- Roving
- Chopped strand
- Others
Global Fiberglass Market, By Application
- Insulation
- Liquid
- Composites
Global Fiberglass Market, By End Use
- Automobiles
- Construction
- Aerospace
- Wind Energy
- Others
Global Fiberglass Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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