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.

Global Fiberglass Market Insights Forecasts to 2035

• The Global Fiberglass Market Size Was Estimated at USD 19.5 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.04% from 2025 to 2035
• The Worldwide Fiberglass Market Size is Expected to Reach USD 33.5 Billion by 2035
• Europe is expected to Grow the fastest during the forecast period.

The Global Fiberglass Market Size was worth around USD 19.5 Billion in 2024 and is predicted to Grow to around USD 33.5 Billion by 2035 with a compound annual growth rate (CAGR) of 5.04% from 2025 and 2035. The versatile application of fiberglass, along with its growing demand in diverse sectors, including construction, transportation, and renewable energy, is driving the fiberglass market worldwide.  

Market Overview

The fiberglass market refers to the production, distribution, and consumption of fiberglass, which is a composite material composed of glass fibers embedded in a resin, which is primarily used in various industries for its strength, durability, and versatility. Fiberglass material is a common type of fiber-reinforced plastic using glass fiber, which is known for its strength, lightweight nature, and resistance to heat and corrosion. The market growth is driven by the demand for lightweight and durable materials in the automotive and aerospace sectors for enhancing fuel efficiency and performance. There is an increasing demand for lightweight composites by the industries for reducing carbon emissions, along with the growing environmental concerns, thereby escalating the fiberglass market.    

An increasing emphasis on sustainable construction practices & development of energy-efficient structures, as well as stringent regulations on weight reduction and fuel consumption in the aerospace sector, offers growth opportunities in the fiberglass market. 

Report Coverage

This research report categorizes the fiberglass market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the fiberglass market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the fiberglass market.

Driving Factors

The versatile application of fiberglass, ranging from insulation and building materials to automotive parts and even aerospace components, owing to its lightweight, strength, durability, and easy moldable structure, is responsible for driving the fiberglass market. Further, fiberglass growing demand in construction, transportation, manufacturing, and even the sports equipment sector is expected to propel the market. Further, an increasing infrastructure development and advancement in manufacturing technologies are contributing to driving the market demand. The expansion of wind energy projects, with the surging inclination towards energy-efficient and sustainable materials also contributing to driving the market demand.

Restraining Factors

Volatility in raw material prices and health issues associated with the fiberglass usage may hamper the market growth. Further, an increasing competition and strict regulations associated with the product quality, safety, and environmental impact are challenging the fiberglass market.

Market Segmentation

The fiberglass market share is classified into product type, application, and end use.

• The glass wool segment dominated the market with the largest revenue share 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 with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period. Glass wool fiberglass is a commonly used as thermal and acoustic insulation for diverse range of applications, including building construction, HVAC systems, and automotive sectors. The inclination towards sustainable construction practices contributes to driving the market demand in the glass wool segment.

• The composites 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 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 significant CAGR during the forecast period. The adoption of fiberglass composites in the construction sector due to their strength-to-weight ratio, as well as their durability and resistance to environmental degradation, is driving 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 is used for insulation, roofing materials, and panels, providing structural integrity with energy efficiency in the construction sector. An increased emphasis on infrastructure development with the growing urbanization leads to a propelling the market demand in the construction segment.

Regional Segment Analysis of the Fiberglass Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the fiberglass market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the fiberglass market over the predicted timeframe. The increasing industrial, construction, and automotive sectors in the region are contributing to driving the market demand for fiberglass. Further, the continuous accessibility of raw materials and low-cost labor is propelling the fiberglass market growth. The rapid industrialization and urbanization in countries like China and India are contributing to driving the fiberglass market in the region. Promotion of sustainable building practices supported by the government initiatives for enhancing the appeal of fiberglass products is anticipated to promote the market.

Europe is expected to grow at a rapid CAGR in the fiberglass market during the forecast period.  Transportation, electrical & electronics, pipe & tank, wind energy, and consumer goods industries in the region are contributing to driving the market demand for fiberglass. An increase in renovation activities in the region, driving demand for fiberglass, leads to propel the market growth. The stringent emission regulations for the manufacturing of lightweight materials like fiberglass are driving the market for fiberglass.

North America is anticipated to grow at a significant CAGR during the projected timeframe. 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 for fiberglass. The upsurging trend of the wind power industry, driving the demand for fiberglass for manufacturing light rotor blades, thereby bolstering the market growth.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the fiberglass market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent 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.

• In August 2021, Owens Corning, the company that invented fiberglass insulation, announced its latest advancements: PINK Next Gen Fiberglas insulation. The technology features advanced fiber technology, which enables up to 23% faster installation compared to the existing products.

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