European Glass Fiber Market Trends and Forecasts
Lucintel finds that the future of the European glass fiber material market is promising with opportunities in the transportation, construction, electrical and electronics, pipe and tank, wind energy, and consumer goods end use industries. The European glass fiber material market is expected to reach an estimated $2 billion by 2031 with a CAGR of 3% 2024 to 2031. The major growth driver for this market is rise in demand for products made of glass composites; these include pipes, tanks, wind blades, bathtubs, and automotive parts.
Silicon dioxide, mainly derived from silica sand, is the primary constituent of glass fiber. Other materials are put in to obtain specific properties such as limestone and soda ash that help in adjusting the chemical composition and melting behavior of glass. The durability and ability to withstand high temperatures of glass can also be improved through addition of alumina and boron compounds. High temperature furnace is used for fusing together the raw materials before extruding them via small apertures to form continuous fibers which are later collected; they undergo processing before being woven into fabrics or any other forms used for a variety of purposes.
• Lucintel forecasts that, transportation is the largest end use industry of European Glass Fiber. Aerospace is expected to witness the highest growth over the forecast period
• Single end roving will remain the largest product form by volume over the forecast period.
Country wise Outlook for the Composites in the European Glass Fiber Market
The European glass fiber market is witnessing substantial growth globally, driven by increased demand from various markets such as transportation, construction, electrical and electronics, pipe and tank, wind energy, and consumer goods. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major European glass fiber producers in key regions/countries: Germany.
Emerging Trends in the European Glass Fiber Market
The European glass fiber market is experiencing significant transformations driven by technological advancements, sustainability initiatives, and increasing demand across various industries. As industries seek lightweight, durable materials for applications in automotive, construction, and renewable energy, glass fiber has emerged as a preferred choice. This shift is not only enhancing product performance but also aligning with environmental goals. The following trends highlight the evolving landscape of the glass fiber market in Europe, showcasing how these developments are influencing production, application, and market dynamics.
• Increased Demand for Lightweight Materials: The automotive and aerospace sectors are increasingly adopting glass fiber due to its lightweight properties, which enhance fuel efficiency and reduce emissions. This trend is driven by stringent regulations aimed at lowering carbon footprints, prompting manufacturers to seek innovative materials that meet performance and sustainability standards.
• Advancements in Manufacturing Technologies: Innovations in manufacturing processes, such as automated production and advanced composite techniques, are improving the efficiency and quality of glass fiber products. These advancements enable manufacturers to produce complex shapes and structures, expanding the application range of glass fiber in various industries, including construction and wind energy.
• Focus on Sustainability and Recycling: The glass fiber industry is witnessing a shift towards sustainable practices, including the development of recyclable glass fibers and eco-friendly production methods. This trend is driven by increasing environmental awareness and regulatory pressures, encouraging companies to adopt circular economy principles and reduce waste in their operations.
• Growth in Renewable Energy Applications: The demand for glass fiber is surging in the renewable energy sector, particularly in wind turbine manufacturing. Glass fiber composites are essential for producing lightweight and durable turbine blades, contributing to the efficiency and longevity of wind energy systems. This trend aligns with Europe’s commitment to increasing renewable energy capacity and reducing reliance on fossil fuels.
• Expansion into Emerging Markets: European glass fiber manufacturers are exploring opportunities in emerging markets, driven by rising industrialization and infrastructure development. Countries in Eastern Europe and Asia are becoming key markets for glass fiber products, as they seek advanced materials for construction, automotive, and other applications. This expansion is fostering global competition and innovation within the industry.
These emerging trends are reshaping the European glass fiber market by driving innovation, enhancing sustainability, and expanding applications across various sectors. As industries continue to prioritize lightweight and durable materials, the glass fiber market is poised for significant growth, adapting to meet the evolving needs of a more environmentally conscious and technologically advanced world.
Recent Developments in the European Glass Fiber Market
The European glass fiber market has experienced significant advancements in recent years, driven by increasing demand across various industries such as automotive, construction, and aerospace. Innovations in manufacturing processes, sustainability initiatives, and the growing emphasis on lightweight materials have reshaped the landscape of this market. As companies strive to enhance performance and reduce environmental impact, several key developments have emerged, reflecting the dynamic nature of the glass fiber sector in Europe. Below are five notable developments that are shaping the future of the European glass fiber market.
• Increased Production Capacity: Major manufacturers have expanded their production facilities to meet the rising demand for glass fiber, resulting in improved supply chain efficiency and reduced lead times for customers.
• Advancements in Manufacturing Technology: The introduction of advanced manufacturing techniques, such as automated processes and improved melting technologies, has led to higher quality glass fibers with enhanced properties, catering to specialized applications.
• Focus on Sustainability: Companies are increasingly adopting eco-friendly practices, including the use of recycled materials and energy-efficient production methods, to minimize their carbon footprint and appeal to environmentally conscious consumers.
• Growth in End-Use Industries: The automotive and aerospace sectors are increasingly utilizing glass fiber composites for their lightweight and high-strength properties, driving demand and fostering innovation in product development.
• Strategic Collaborations and Mergers: Industry players are forming strategic partnerships and engaging in mergers to leverage synergies, enhance product offerings, and expand their market presence, leading to a more competitive landscape.
These developments are significantly impacting the European glass fiber market by enhancing production capabilities, promoting sustainability, and driving innovation across various industries. As the market continues to evolve, these trends will likely lead to increased competition and opportunities for growth.
Strategic Growth Opportunities for European Glass Fiber Market
The European glass fiber market is experiencing significant growth driven by increasing demand across various applications, including construction, automotive, aerospace, and wind energy. As industries seek lightweight, durable materials to enhance performance and sustainability, glass fiber has emerged as a preferred choice. This trend is further supported by technological advancements and a growing emphasis on eco-friendly solutions. Identifying strategic growth opportunities within key applications is essential for stakeholders aiming to capitalize on this expanding market. Here are five key growth opportunities across different applications:
• Construction: The construction sector is increasingly adopting glass fiber reinforced concrete (GFRC) for its strength and lightweight properties, leading to reduced material costs and improved structural integrity.
• Automotive: The automotive industry is leveraging glass fiber composites to reduce vehicle weight, enhance fuel efficiency, and meet stringent emissions regulations, driving demand for innovative materials.
• Aerospace: In aerospace applications, glass fiber is being utilized for its high strength-to-weight ratio, contributing to the development of lighter aircraft and improved fuel efficiency, thus enhancing overall performance.
• Wind Energy: The wind energy sector is witnessing a surge in the use of glass fiber in turbine blades, as it offers excellent durability and resistance to environmental factors, supporting the growth of renewable energy sources.
• Consumer Goods: The consumer goods market is increasingly incorporating glass fiber in products such as sporting equipment and electronics, where lightweight and durable materials are essential for performance and longevity.
These growth opportunities across key applications are significantly impacting the European glass fiber market by driving innovation, enhancing product performance, and promoting sustainability. As industries continue to prioritize lightweight and durable materials, the demand for glass fiber is expected to rise, positioning it as a critical component in various sectors.
European Glass Fiber Market Drivers and Challenges
The European glass fiber market is influenced by a variety of technological, economic, and regulatory factors that drive its growth and present challenges. As industries increasingly seek lightweight and durable materials, glass fiber has gained prominence in applications ranging from construction to automotive. However, the market also faces hurdles such as fluctuating raw material prices and stringent regulations. Understanding these drivers and challenges is crucial for stakeholders aiming to navigate this dynamic landscape effectively.
The key drivers for this market include:
• Technological Advancements: Continuous innovations in glass fiber manufacturing processes enhance product quality and reduce costs, making glass fiber more competitive against alternative materials. These advancements also lead to the development of specialized glass fibers tailored for specific applications, expanding market opportunities.
• Growing Demand in End-Use Industries: The increasing demand for lightweight and high-strength materials in sectors like automotive, aerospace, and construction drives the glass fiber market. As industries focus on improving fuel efficiency and reducing emissions, glass fiberÄX%$%Xs properties align well with these goals, leading to higher adoption rates.
• Sustainability Trends: The push for sustainable materials is a significant driver, as glass fiber is recyclable and can contribute to reducing the carbon footprint of products. Manufacturers are increasingly focusing on eco-friendly production methods, which enhances the appeal of glass fiber in environmentally conscious markets.
• Expansion of Wind Energy Sector: The growth of the renewable energy sector, particularly wind energy, is a major driver for glass fiber demand. Glass fiber is essential in the production of wind turbine blades, and as countries invest in renewable energy infrastructure, the need for glass fiber will continue to rise.
• Increased Investment in Infrastructure: Government initiatives and investments in infrastructure development across Europe are boosting the demand for glass fiber in construction applications. The materialÄX%$%Xs strength and durability make it ideal for reinforcing structures, leading to a robust market outlook.
The challenges facing this market include:
• Fluctuating Raw Material Prices: The volatility in the prices of raw materials used in glass fiber production can significantly impact profit margins for manufacturers. This unpredictability can lead to increased production costs, making it challenging for companies to maintain competitive pricing.
• Stringent Regulatory Frameworks: Compliance with environmental regulations and safety standards can pose challenges for glass fiber manufacturers. Adhering to these regulations often requires additional investments in technology and processes, which can strain resources and affect profitability.
• Competition from Alternative Materials: The glass fiber market faces stiff competition from alternative materials such as carbon fiber and natural fibers. These alternatives may offer similar or superior properties, leading to potential market share loss for glass fiber products if they are not able to innovate and adapt.
The European glass fiber market is shaped by significant drivers such as technological advancements, growing demand in various industries, sustainability trends, expansion in the wind energy sector, and increased infrastructure investment. However, challenges like fluctuating raw material prices, stringent regulations, and competition from alternative materials pose risks to market growth. Stakeholders must navigate these dynamics to leverage opportunities while mitigating potential setbacks.
List of European Glass Fiber Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies European glass fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the European glass fiber companies profiled in this report includes.
• Praana Group (Owens Corning)
• Jushi Group
• Nippon Electric Glass Co., Ltd.
• Lanxess
• Johns Manville Corporation
• Saint Gobain (Vetrotex)
• Krosglass SA
These companies have established themselves as leaders in the European glass fiber industry with extensive product portfolios, global presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations.
The market share dynamics within the European glass fiber market are evolving, with the entry of new players and the emergence of innovative technologies. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
European Glass Fiber Market by Segment
The European glass fiber market is expanding across various sectors, with significant growth in transportation and construction due to increased demand for lightweight and durable materials. The wind energy sector also shows strong growth as Europe invests in renewable energy. Additionally, advancements in aerospace, marine, and electrical and electronics industries are driving the market, while applications in consumer goods and pipes and tanks further diversify its reach.
This European glass fiber market report provides a comprehensive analysis of the marketÄX%$%Xs current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, include form type, manufacturing process, product type, and end use industry. The report offers insights into regional dynamics, highlighting the major markets for European glass fiber market and their growth potentials. The study includes trends and forecast for the composites in European glass fiber market by product type, manufacturing process, product type, end use industry and region as follows:
By End Use Industry [Value ($M) and Volume (M lbs.) Analysis for 2019 – 2031]:
• Transportation
• Construction
• Electrical and Electronics
• Pipe & Tank
• Wind Energy
• Consumer Goods
• Marine
• Aerospace
• Other End Use Industries
By Manufacturing Process [Value ($M) and Volume (M lbs.) Analysis for 2019 – 2031]:
• Hand Lay Up
• Spray Up
• Injection Molding
• Compression Molding
• Filament Molding
• Pultrusion
• Prepreg Lay Up
• RTM/ VARTM
• Other Manufacturing Processes
By Product Type [Value ($M) and Volume (M lbs.) Analysis for 2019 – 2031]:
• Single End Roving
• Multi End Roving
• DUCS
• Yarn
• CFM
By Country [Value ($M) and Volume (M lbs.) Analysis for 2019 – 2031]:
• Germany
• France
• Italy
• Spain
• UK
• Others
Features of European Glass Fiber Market
• Market size estimates: European glass fiber market size estimation in terms of value ($M) and volume (Million Pounds) shipment.
• Trend and forecast analysis: Market trend (2019-2024) and forecast (2025-2031) by end use industry, manufacturing process, product, and country.
• Segmentation analysis: European glass fiber market size by various end use industries, manufacturing process, product, and country
• Growth opportunities: Analysis on growth opportunities in different applications and regions of glass fiber in the European glass fiber market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape of glass fiber in the European glass fiber market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in European glass fiber market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the European glass fiber size?
Answer: The European glass fiber is expected to reach an estimated to $2 billion by 2031.
Q2. What is the growth forecast for European glass fiber market?
Answer: The glass fiber market is expected to grow at a CAGR of 3% from 2024 to 2031.
Q3. What are the major drivers influencing the growth of the European glass fiber market?
Answer: The major driver for this market is growing replacement of traditional materials with advanced and lightweight composites and increased construction of commercial building and housing.
Q4. What are the major end use industries of the European glass fiber market?
Answer: Transportation and construction are the major end use industries of European glass fiber market.
Q5. What are the emerging trends of the European glass fiber market?
Answer: Emerging trends, which has a direct impact on the dynamics of the industry, includes increased demand for lightweight materials, advancements in manufacturing technologies, focus on sustainability and recycling, and growth in renewable energy applications.
Q6. Who are the European glass fiber companies?
Answer: Some of the key European glass fiber companies are as follows:
• Praana Group (Owens Corning)
• Jushi Group
• Nippon Electric Glass Co., Ltd.
• Lanxess
• Johns Manville Corporation
• Saint Gobain (Vetrotex)
• Krosglass SA
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions:
Q. 1. What are some of the most promising, high-growth areas in the European glass fiber market by end use industry (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and other end use industries), product type (single end rovings, multi end rovings, DUCS, yarn, and CFM), manufacturing process (hand lay up, spray up, injection molding, compression molding, filament winding, Pultrusion, prepreg layups, RTM/VARTM, and other manufacturing processes), country (Germany, France, Italy, Spain, UK, Others) ?
Q. 2.Which product segments will grow at a faster pace and why?
Q. 3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges in the European glass fiber market?
Q.5.What are the business risks and competitive threats in this European glass fiber market?
Q.6.What are emerging trends in this European glass fiber market and the reasons behind them?
Q.7.What are some changing demands of customers in the European glass fiber market?
Q.8.What are the new developments in the European glass fiber market and which companies are leading these developments?
Q.9.Who are the major players in this European glass fiber market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products in this European glass fiber market and how great of a threat do they pose for loss of market share through product substitution?
Q. 11. What M & A activities have transpired in the last 5 years in this European glass fiber market and how have they affected the industry?