Global Fiber Glass Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Glass Type (E-Glass, ECR-Glass, H-Glass, AR-Glass, and S-Glass), Product Type (Glass Wool, Yarn, Roving, and Chopped Strands), Application (Composites, Insulation), End-User (Automotive, Building & Construction, Aerospace & Defense, Marine, Sports & Leisure, and Pipe & Tank) and Region (North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA))

Market Overview

Market Overview:

Fiberglass is a form of fiber-reinforced plastic whereas glass fiber is reinforced plastic. Fiberglass is lightweight, strong, and less brittle. The best part of fiberglass is its ability to get molded into various complex shapes. Fiberglass is lightweight, strong, and less brittle. The best part of fiberglass is its ability to get molded into various complex shapes.

According to Ken Research Analysis, the Global Fiber Glass Market was valued at ~US$ 12 billion in 2017. It is estimated to be ~US$ 15 billion in 2022 and is forecasted to reach a market size of ~US$ 20 billion, growing at a CAGR of ~5% owing to the rising demand from the manufacturing industry.

  • The expansion of the construction sector is the main driver for the growth of the fiberglass market. The market is growing due to a notable rise in attention paid to infrastructure and road quality. In the construction industry, fiberglass is used in mesh fabrics that prevent cracks in interior walls, floor covering, wall covering, in self-adhesive drywall tapes, waterproofing frit, and others. There has been a significant rise in modern architecture in recent years, leading to the development of modern materials such as glass fiber.
  • The major challenge faced by the fiberglass market is the negative environmental effects during the production of the material. Fiberglass processing and production require a high volume of energy and resources which generally have an adverse impact on the environment. Fiberglass production generates not just air pollution but also solid and liquid waste. Strict restrictions and standards established by the governments of different countries may impede the growth of the fibreglass industry, influencing the overall market.
  • The market was negatively impacted by the COVID-19 pandemic during the first half of 2020, as most of the end-use industries that use fiberglass were shut down and sales of fiberglass saw a major change of trend during this period. Production halts and supply chain disruptions during the COVID-19 pandemic led to the suspension of several other activities along the value chain of industries, such as automotive, construction, aerospace, and others. However, the market is expected to exhibit significant growth in the forecast period due to surging demand for fiberglass material products in the textile industry.

Scope of the Report:

The Fiber Glass market is segmented by glass type, product type, application, end-user, and region. In addition, the report also covers the market size for each of the four regions' Fiber Glass market. The revenue used to size and forecast the market for each segment is US$ billion.

Glass Type

  • E-Glass
  • ECR-Glass
  • H-Glass
  • AR-Glass
  • S-Glass

Product Type

  • Glass Wool
  • Yarn
  • Roving
  • Chopped Strands
  • Others

Application

  • Composites
  • Insulation

End-User

  • Automotive
  • Building & Construction
  • Aerospace& Defense
  • Marine
  • Sports & Leisure
  • Pipe & Tank
  • Others

Region

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)
  • LAMEA (Latin America, Middle East, Africa)

Key Players

  • Asahi Fiber Glass Co., Ltd.
  • 3B - the fibreglass company
  • China Jushi Co., Ltd.
  • Johns Manville
  • Knauf Insulation
  •  Nippon Electric Glass Co.,Ltd.
  • Owens Corning
  • Saint-Gobain
  • xingtai jinniu fb glass
  • Taiwan Glass Industry Corporation

Key Trends by Market Segment

By Glass Type: The E-Glass segment held the largest market share in the global fiber glass market in 2021, due to its qualities such as high flexibility, corrosion, and abrasion resistance.

  • E-glass is produced from the oxides of magnesium, calcium, boron, and aluminum. It is lightweight woven plastic fabric that is frequently utilized in maritime, industrial, and aerospace applications.
  • The S-glass segment is expected to register the highest CAGR during the forecast period, as it has high compressive strength, and high-temperature resistance, as a result, it is widely used in composites and textile industries.



By Product Type:
 The glass wool segment held the largest market share in the global fiber glass market in 2021, as it is widely used as an indoor thermal and acoustic insulation material.

  • Glass wool is a popular indoor thermal and acoustic insulation material. The product is most typically used beneath pitched roofs, on hardwood floors, or on interior walls.
  • The chopped strands segment is expected to register the highest CAGR during the forecast period, due to its wide usage as a reinforcement material with high performance resin in automotive and electronics industries.

By Application: The composites segment held the largest market share in the global fiber glass market in 2021, due to the rising automotive and construction industries.

  • The fiber glass composite materials help make automotive structures lighter in weight and exhibit high strength. With the rising environmental concerns, there is an increasing demand for lightweight composite materials across numerous industries for reducing carbon footprints.
  • Growing focus on the production of lightweight vehicles is driving the usage of fiberglass composites in the automotive industry.

By Region: Asia Pacificheld the largest market share among all other regions within the global fiber glass market in 2021, due to the growing demand for eco-friendly products that have led to technological advancements to augment the growth of the region.

  • The Asia Pacific is the largest consumer and producer of fiberglass owing to the presence of rapidly growing economies in the region such as China and India. Factors, such as the rising population, are likely to be the major drivers for the market in this region.
  • The rising disposable income coupled with the presence of key players in the Asia Pacific is likely to drive the regional market over the forecast period.



Competitive Landscape

The Global Fiber Glass Market is highly competitive with ~150 players, including globally diversified players, regional players, and many country-niche players. Most of the regional players are the developers of Fiber Glass used in various end-user industries.

Country-niche players constitute ~35% of the total number of competitors, while regional players dominate representing ~50% of total competitors. Some of the major players in the market include ASAHI FIBER GLASS Co., Ltd., 3B - the fibreglass company, China Jushi Co., Ltd., Johns Manville, Knauf Insulation, Nippon Electric Glass Co.,Ltd., Owens Corning, Saint-Gobain, xingtai jinniu fb glass, Taiwan Glass Industry Corporation, among others.



Recent Developments Related to Major Players and Organizations

  • In January 2022, Therma-Tru, a renowned name in the door industry, announced the launch of its new sustainability-driven social initiative. Therma-Tru is known for its fiberglass door offerings that are made from 95% recycled content, and these sustainable offerings account for nearly half of its total fiberglass product portfolio.
  • In November 2021, Taishan Fiberglass Inc. invested US$ 250 million in the establishment of a Greenfield fiber manufacturing plant in Gujarat, India. With this plant, the company served the markets of India and the Middle East.
  • In July 2021, Owens Corning acquired Vliepa GmbH to broaden its non-woven product catalogue aimed to serve the building and construction sector in the European region.

Conclusion

The Global Fiber Glass Market witnessed a negative impact due to COVID-19 owing to the strict regulations in several countries that temporarily halted all types of processes and shut down all the major industries. E-Glass type is the most common type of fiber glass among other types such as S-glass, ECR-glass, H-glass, and AR-glass. Majorly, the fiber glass is used in composites that can further be utilized in various end-use industries such as automotive, building & construction, aerospace & defense, marine, sports & leisure, pipe & tank, and others. Though the market is competitive with over ~150 participants, regional players control the dominant share in the market and country-niche players also hold a significant share.

Note: This is an On-Demand/Planned report, so the figures quoted here for market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of 2 working weeks.

Key Topics Covered in the Report

  • Snapshot of Global Fiber Glass Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Fiber Glass Market
  • Historic Growth of Overall Global Fiber Glass Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of Global Fiber Glass Industry
  • Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
  • Covid-19 Impact on the Overall Global Fiber Glass Market
  • Future Market Forecast and Growth Rates of the Total Global Fiber Glass Market and Segments
  • Analysis of Global Fiber Glass Market
  • Major Production/Supply and Consumption/Demand Hubs within Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

  • Asahi Fiber Glass Co., Ltd.
  • 3B - the fibreglass company
  • China Jushi Co., Ltd.
  • Johns Manville
  • Knauf Insulation
  • Nippon Electric Glass Co.,Ltd.
  • Owens Corning
  • Saint-Gobain
  • xingtai jinniu fb glass
  • Taiwan Glass Industry Corporation

Notable Emerging Companies Mentioned in the Report

  • Fureho AB
  • Spintex Engineering Ltd.
  • Darshan Safety Zone
  • Fibtex Products
  • Smartshield Insulation

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Fiber Glass Manufacturers
  • Fiber Glass Suppliers
  • E-Glass Manufacturers
  • ECR-Glass Manufacturers
  • H-Glass Manufacturers
  • AR-Glass Manufacturers
  • S-Glass Manufacturers
  • Fiber Glass Distributors
  • Emerging and Startup Companies in Fiber Glass
  • Government Departments of Polymers
  • Ministries and Departments of Plastics
  • Importers and Distributors of Fiber Glass

Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

Frequently Asked Questions

  • What is the Study Period of this Market Report?

The Global Fiber Glass Market is covered from 2017-2028 in this report, which includes a forecast for the period (2022-2028).

  • What is the Future Growth Rate of the Global Fiber Glass Market?

The global Fiber Glass market is expected to witness a CAGR of ~5% over the next 6 years.

  • What are the Key Factors Driving the Global Fiber Glass Market?

The growing demand for fiber glass from the automotive and construction industries is one of the primary drivers for the growth of the global fiber glass market.

  • Which is the Largest Application Segment within the Global Fiber Glass Market?

The composites segment held the largest share of the global fiber glass market in 2021.

  • Who are the Key Players in the Global Fiber Glass Market?

Asahi Fiber Glass Co., Ltd., 3B - the fibreglass company, China Jushi Co., Ltd., Johns Manville, Knauf Insulation, Nippon Electric Glass Co.,Ltd., Owens Corning, Saint-Gobain, xingtai jinniu fb glass, Taiwan Glass Industry Corporation, among others are the major companies operating in Global Fiber Glass Market.

Scope

Scope

  1. 1. Executive Summary

1.1   Highlights of Global Fiber Glass Market Historic Growth & Forecast

1.2   Highlights of Market Trends, Challenges, and Competition

1.3   Highlights of Market Revenue Share by Segments

  1. 2. Market Overview and Key Trends Impacting Growth

2.1   Global Fiber Glass Market Taxonomy

2.2   Industry Value Chain

2.3   The Ecosystem of Major Entities in the Global Fiber Glass Market

2.4   Government Regulations & Developments

2.5   Key Growth Drivers & Challenges Impacting the Market

2.6   COVID-19 Impact on Global Fiber Glass Market

2.7   Total Fiber Glass Market Historic Growth by Segment Type, 2017-2021

2.7.1      By Glass Type

2.7.2      By Product Type

2.7.3      By Application

2.7.4      By End-User

2.7.5      By Region

2.8   Total Global Fiber Glass Market Historic Growth and Forecast, 2017-2028

2.9   Key Takeaways

  1. 3. Global - Market Segmentation by Glass Type, Historic Growth, Outlook & Forecasts

3.1   Market Definition - Segmentation by Glass Type

3.2   Market Revenue Share, Historic Growth, Outlook, and Forecasts by Glass Type, 2017-2028

3.2.1      E-Glass

3.2.2      ECR-Glass

3.2.3      H-Glass

3.2.4      AR-Glass

3.2.5      S-Glass

3.3   Key Takeaways from Market Segmentation by Glass Type

  1. 4. Global - Market Segmentation by Product Type, Historic Growth, Outlook & Forecasts

4.1   Market Definition - Segmentation by Product Type

4.2   Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product Type, 2017-2028

4.2.1      Glass Wool

4.2.2      Yarn

4.2.3      Roving

4.2.4      Chopped Strands

4.2.5      Others

4.3   Key Takeaways from Market Segmentation by Product Type

  1. 5. Global - Market Segmentation by Application, Historic Growth, Outlook & Forecasts

5.1   Market Definition - Segmentation by Application

5.2   Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028

5.2.1      Composites

5.2.2      Insulation

5.3   Key Takeaways from Market Segmentation by Application

  1. 6. Global - Market Segmentation by End-User, Historic Growth, Outlook & Forecasts

6.1   Market Definition - Segmentation by End-User

6.2   Market Revenue Share, Historic Growth, Outlook, and Forecasts by End-User, 2017-2028

6.2.1      Automotive

6.2.2      Building & Construction

6.2.3      Aerospace& Defense

6.2.4      Marine

6.2.5      Sports & Leisure

6.2.6      Pipe & Tank

6.2.7      Others

6.3   Key Takeaways from Market Segmentation by End-User

  1. 7. Industry / Competition Analysis - Competitive Landscape

7.1   Types of Players (Competitors) & Share of Competition

7.2   Porter’s 5 Forces Analysis of Global Fiber Glass Competitors

7.3   Key Developments in the Global Fiber Glass Sector Impacting Market Growth

7.4   Comparison of Leading Competitors within Global Fiber Glass Market, 2021

7.5   Comparison of Leading Competitors within Global Fiber Glass Market by Coverage of Glass Type, 2021

7.6   Comparison of Leading Competitors within Global Fiber Glass Market by Coverage of Product Type, 2021

7.7   Comparison of Leading Competitors within Global Fiber Glass Market by Coverage of Application, 2021

7.8   Comparison of Leading Competitors within Global Fiber Glass Market by Coverage of End-User, 2021

7.9   Comparison of Leading Competitors within Global Fiber Glass Market by Coverage of Region, 2021

7.10        Key Takeaways from Competitive Landscape

  1. 8. Key Competitor Profiles (Company Overview, Product Offerings, and Strengths & Weaknesses Analysis)

8.1   Asahi Fiber Glass Co., Ltd.

8.2   3B - the fibreglass company

8.3   China Jushi Co., Ltd.

8.4   Johns Manville

8.5   Knauf Insulation

8.6    Nippon Electric Glass Co.,Ltd.

8.7   Owens Corning

8.8   Saint-Gobain

8.9   xingtai jinniu fb glass

8.10        Taiwan Glass Industry Corporation

  1. 9. Geographic Analysis & Major Countries Market Historic Growth, Outlook, and Forecasts

9.1   Major Countries Comparison of Macroeconomic Factors

9.2   Global- Market Revenue Share, Historic Growth, Outlook and Forecasts by Region, 2017-2028

9.3   Major Countries Market Analysis, Historic Growth, Outlook & Forecasts

9.4   North America – Fiber Glass Market Analysis

9.4.1      Major Production and Consumption Hubs in North America

9.4.2      Notable Emerging Fiber Glass Companies in North America

9.4.3      Market Revenue Share, Historic Growth, Outlook and Forecasts by Glass Type, 2017-2028

9.4.4      Market Revenue Share, Historic Growth, Outlook and Forecasts by Product Type, 2017-2028

9.4.5      Market Revenue Share, Historic Growth, Outlook and Forecasts by Application, 2017-2028

9.4.6      Market Revenue Share, Historic Growth, Outlook and Forecasts by End-User, 2017-2028

9.4.7      Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028

-      USA

-      Canada

-      Mexico

9.5   Europe – Fiber Glass Market Analysis

9.5.1      Major Production and Consumption Hubs in Europe

9.5.2      Notable Emerging Fiber Glass Companies in Europe

9.5.3      Market Revenue Share, Historic Growth, Outlook and Forecasts by Glass Type, 2017-2028

9.5.4      Market Revenue Share, Historic Growth, Outlook and Forecasts by Product Type, 2017-2028

9.5.5      Market Revenue Share, Historic Growth, Outlook and Forecasts by Application, 2017-2028

9.5.6      Market Revenue Share, Historic Growth, Outlook and Forecasts by End-User, 2017-2028

9.5.7      Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028

-      Germany

-      UK

-      France

-      Spain

-      Italy

-      Rest of Europe

9.6   Asia Pacific – Fiber Glass Market Analysis

9.6.1      Major Production and Consumption Hubs in the Asia Pacific

9.6.2      Notable Emerging Fiber Glass Companies in the Asia Pacific

9.6.3      Market Revenue Share, Historic Growth, Outlook and Forecasts by Glass Type, 2017-2028

9.6.4      Market Revenue Share, Historic Growth, Outlook and Forecasts by Product Type, 2017-2028

9.6.5      Market Revenue Share, Historic Growth, Outlook and Forecasts by Application, 2017-2028

9.6.6      Market Revenue Share, Historic Growth, Outlook and Forecasts by End-User, 2017-2028

9.6.7      Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028

-      China

-      Japan

-      South Korea

-      India

-      Indonesia

-      Australia

-      Rest of Asia Pacific

9.7   LAMEA – Fiber Glass Market Analysis

9.7.1      Major Production and Consumption Hubs in LAMEA

9.7.2      Notable Emerging Fiber Glass Companies in LAMEA

9.7.3      Market Revenue Share, Historic Growth, Outlook and Forecasts by Glass Type, 2017-2028

9.7.4      Market Revenue Share, Historic Growth, Outlook and Forecasts by Product Type, 2017-2028

9.7.5      Market Revenue Share, Historic Growth, Outlook and Forecasts by Application, 2017-2028

9.7.6      Market Revenue Share, Historic Growth, Outlook and Forecasts by End-User, 2017-2028

9.7.7      Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Sub-Regions, 2017-2028

-      Latin America

-      Middle East

-      Africa

  1. 10. Industry Expert’s Opinions/Perspectives

11.1        Notable Statements/Quotes from Industry Experts and C-Level Executives on Current Status and Future Outlook of the Market

  1. 11. Analyst Recommendation

10.1 Analyst Recommendations on Identified Major Opportunities and Potential Strategies to Gain from Opportunities

  1. 12. Appendix

12.1        Research Methodology - Market Size Estimation, Forecast, and Sanity Check Approach

12.2        Sample Discussion Guide

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Companies

Notable Key Players Mentioned in the Report

  • Asahi Fiber Glass Co., Ltd.
  • 3B - the fibreglass company
  • China Jushi Co., Ltd.
  • Johns Manville
  • Knauf Insulation
  • Nippon Electric Glass Co.,Ltd.
  • Owens Corning
  • Saint-Gobain
  • xingtai jinniu fb glass
  • Taiwan Glass Industry Corporation

Notable Emerging Companies Mentioned in the Report

  • Fureho AB
  • Spintex Engineering Ltd.
  • Darshan Safety Zone
  • Fibtex Products
  • Smartshield Insulation

Industry Speak


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