Fiberglass Market: By Product Type, By Resin Type, By Application and Geography

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Fiberglass Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Assembled Roving, Direct Roving, Yarn, Chopped Strand, Others), By Resin Type ( Thermoset Resins, Thermoplastic Resins), By Application (Construction & Infrastructure, Automotive, Wind Energy, Electronics, Aerospace, others) and Region

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Fiberglass Market Size was valued at US$ 11.5 billion in 2023 and is expected to grow US$ 16.2 billion by 2030 at a CAGR of 5.1% from 2024 to 2030. The global market report provides a detailed overview of the market, which has been segmented by product type, resin type, and application. The market has been segmented by product type: Assembled Roving, Direct Roving, Yarn, Chopped Strand, and Others. The Chopped Strand segment is likely to be the largest and fastest-growing segment in terms of product types.

The market has been segmented by resin type into Thermoset Resins and Thermoplastic Resins. The Thermoset Resins segment will account for a significant revenue share in 2022-2028. Based on application, fiberglass is segmented into Construction and infrastructure, Automotive, Wind Energy, Electronics, Aerospace, and others. According to Precision Business Insights, the Automotive segment is predicted to register the fastest growth rate during the forecast period.

Key Development

  • In January 2021, Warminster Fiberglass, LLC, headquartered in Decatur, Ala., acquired Warminster Fiberglass, headquartered in Southampton, Pa., with offices and operations in Jacksonville, Texas, and Southampton, Pa.

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Fiberglass Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.1%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific

Fiberglass Market Dynamics

The market is expected to grow due to the rising use of fiberglass in constructing vehicles and aircraft body parts due to its high strength and lightweight features. Furthermore, the widespread use of fiberglass in the building and construction industry for insulation and composite applications is expected to boost the market further in the coming years.

Fiberglass Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 11.5 billion

Market Size in 2030

US$ 16.2 billion

Market CAGR

5.1%

By Product Type

  • Assembled Roving,
  • Direct Roving,
  • Yarn,
  • Chopped Strand,
  • Others

By Resin Type

  • Thermoset Resins,
  • Thermoplastic Resins

By Application

  • Construction & Infrastructure,
  • Automotive,
  • Wind Energy,
  • Electronics,
  • Aerospace,
  • others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The fiberglass market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The fiberglass market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The fiberglass market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The fiberglass market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The fiberglass market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market.

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Frequently Asked Questions

Fiberglass market size was valued at US$ 11.5 billion in 2023 and is set to grow at US$ 16.2 billion by 2030, at a CAGR of 5.1% from 2024-2030.

The major players in the global fiberglass market are Owens Corning, Saint-Gobain Vetrotex, Johns Manville Corp., Taishan Fiberglass Inc., Nippon Electric Glass Co., Ltd, PFG Fiber Glass Corporation, Knauf Insulation, Glasstex Fiberglass Materials Corp., Jushi Group Co., Ltd, and PPG Industries, Inc.

Asia Pacific is the fastest-growing region for fiberglass market

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

 
1. Executive Summary
2. Global Fiberglass Market Introduction
2.1. Global Fiberglass Market - Taxonomy
2.2. Global Fiberglass Market -Definitions
2.2.1. Product Type
2.2.2. Resin Type
2.2.3. Application
3. Global Fiberglass Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Fiberglass Market Dynamic Factors - Impact Analysis
3.6. Global Fiberglass Market - Competition Landscape
4. Global Fiberglass Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Fiberglass Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
5.1. Assembled Roving
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Direct Roving
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Yarn
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Chopped Strand
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Others
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Fiberglass Market Forecast, By Resin Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
6.1. Thermoset Resins
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Thermoplastic Resins
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Fiberglass Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030
7.1. Construction & Infrastructure
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Automotive
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Wind Energy
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Electronics
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Aerospace
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Others
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
8. Global Fiberglass Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Fiberglass Market - Opportunity Analysis Index, By Product Type, Resin Type, Application and Region, 2024 - 2030
9. North America Fiberglass Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Assembled Roving
9.1.2. Direct Roving
9.1.3. Yarn
9.1.4. Chopped Strand
9.1.5. Others
9.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Thermoset Resins
9.2.2. Thermoplastic Resins
9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Construction & Infrastructure
9.3.2. Automotive
9.3.3. Wind Energy
9.3.4. Electronics
9.3.5. Aerospace
9.3.6. Others
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Fiberglass Market - Opportunity Analysis Index, By Product Type, Resin Type, Application and Country, 2024 - 2030
9.6. North America Fiberglass Market Dynamics - Trends
10. Europe Fiberglass Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Assembled Roving
10.1.2. Direct Roving
10.1.3. Yarn
10.1.4. Chopped Strand
10.1.5. Others
10.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Thermoset Resins
10.2.2. Thermoplastic Resins
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Construction & Infrastructure
10.3.2. Automotive
10.3.3. Wind Energy
10.3.4. Electronics
10.3.5. Aerospace
10.3.6. Others
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Fiberglass Market - Opportunity Analysis Index, By Product Type, Resin Type, Application and Country, 2024 - 2030
10.6. Europe Fiberglass Market Dynamics - Trends
11. Asia-Pacific Fiberglass Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Assembled Roving
11.1.2. Direct Roving
11.1.3. Yarn
11.1.4. Chopped Strand
11.1.5. Others
11.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Thermoset Resins
11.2.2. Thermoplastic Resins
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Construction & Infrastructure
11.3.2. Automotive
11.3.3. Wind Energy
11.3.4. Electronics
11.3.5. Aerospace
11.3.6. Others
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Fiberglass Market - Opportunity Analysis Index, By Product Type, Resin Type, Application and Country, 2024 - 2030
11.6. Asia-Pacific Fiberglass Market Dynamics - Trends
12. Latin America Fiberglass Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Assembled Roving
12.1.2. Direct Roving
12.1.3. Yarn
12.1.4. Chopped Strand
12.1.5. Others
12.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Thermoset Resins
12.2.2. Thermoplastic Resins
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Construction & Infrastructure
12.3.2. Automotive
12.3.3. Wind Energy
12.3.4. Electronics
12.3.5. Aerospace
12.3.6. Others
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Fiberglass Market - Opportunity Analysis Index, By Product Type, Resin Type, Application and Country, 2024 - 2030
12.6. Latin America Fiberglass Market Dynamics - Trends
13. Middle East and Africa Fiberglass Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue (USD Mn), & Volume (Tons))
13.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Assembled Roving
13.1.2. Direct Roving
13.1.3. Yarn
13.1.4. Chopped Strand
13.1.5. Others
13.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Thermoset Resins
13.2.2. Thermoplastic Resins
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Construction & Infrastructure
13.3.2. Automotive
13.3.3. Wind Energy
13.3.4. Electronics
13.3.5. Aerospace
13.3.6. Others
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Volume (Tons) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Fiberglass Market - Opportunity Analysis Index, By Product Type, Resin Type, Application and Country, 2024 - 2030
13.6. MEA Fiberglass Market Dynamics - Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Owens Corning
14.2.2. Saint-Gobain Vetrotex
14.2.3. Johns Manville Corp.
14.2.4. Taishan Fiberglass Inc.
14.2.5. Nippon Electric Glass Co., Ltd
14.2.6. PFG Fiber Glass Corporation
14.2.7. Knauf Insulation
14.2.8. Glasstex Fiberglass Materials Corp.
14.2.9. Jushi Group Co., Ltd
14.2.10. PPG Industries, Inc.
15. Research Methodology
16. Key Assumptions and Acronyms
 
Disclaimer
The above mentioned segmentation is tentative; it is changed according to client’s requirement, or research feasibility.

Key Market Players

  • Owens Corning
  • Saint-Gobain Vetrotex
  • Johns Manville Corp.
  • Taishan Fiberglass Inc.
  • Nippon Electric Glass Co., Ltd
  • PFG Fiber Glass Corporation
  • Knauf Insulation
  • Glasstex Fiberglass Materials Corp.
  • Jushi Group Co., Ltd
  • PPG Industries, Inc.

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