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Glass Fiber Market Overview

According to Lucintel, the future of the global glass fiber market is promising with opportunities in the marine, transportation, pipe and tanks, aerospace, construction, electrical and electronics, consumer goods, and wind energy. The glass fiber market is expected to reach an estimated $15 billion by 2030 with a CAGR of 3% from 2023 to 2030. The major driver for this market is rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.

Glass fiber, also known as fiberglass, is a versatile material made from fine fibers of glass. It offers properties such as high strength, corrosion resistance, thermal insulation, and electrical conductivity. Glass fibers find extensive usage in various industries for reinforcement purposes, including composite materials, insulation, and textiles. The glass fiber market has witnessed substantial growth due to the increasing demand for lightweight and high-performance materials in several applications.

  • Lucintel forecasts that construction will remain the largest end use by value and volume due to growing infrastructure development and rising demand for energy-efficient buildings. Aerospace is expected to witness highest growth over the forecast period.
  • Single end roving will remain the largest product type by volume over the forecast period.
  • Asia Pacific is expected to remain the largest region by value and volume over the forecast period because of growth in construction, pipe and tanks, and the electrical and electronics segments. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India and it is also expected to witness the highest growth over the forecast period.


A total of 104 figures / charts and 78 tables are provided in this 219-page report to help in your business decisions. A sample figure with insights is shown below. 

Glass Fiber Market by End Use, Manufacturing Process, and Product Type

 

Asia Pacific is expected to remain the largest region in the Global Glass fiber Market

  1. United States: Companies like Owens Corning and PPG Industries are investing in glass fiber production for various industries. Initiatives such as the Department of Energy's Advanced Manufacturing Office support research and development in advanced materials, including glass fiber composites. The American Composites Manufacturers Association (ACMA) promotes industry growth and innovation. 
  2. China: Chinese manufacturers including Jushi Group and China Fiberglass Co., Ltd. are expanding glass fiber production capacities to meet domestic and international demand. Government initiatives like the Made in China 2025 plan drive investments in high-tech industries, including advanced materials like glass fiber. The Chinese Ministry of Industry and Information Technology (MIIT) supports research and development in glass fiber technologies. 
  3. Germany: German firms like AGY Holding Corp. and Nippon Electric Glass are focusing on developing high-performance glass fiber composites for automotive and construction sectors. Government initiatives promoting sustainability and energy efficiency drive market expansion. The German Federal Ministry for Economic Affairs and Energy provides funding for research projects in advanced materials, including glass fiber. 
  4. India: Indian manufacturers like Jushi India Pvt. Ltd. and Binani 3B-the Fibreglass Company are targeting the glass fiber market with cost-effective solutions. Government initiatives like the National Fibre Policy support growth in the fiberglass industry. The Indian Ministry of Micro, Small, and Medium Enterprises (MSME) provides support for technology upgradation and modernization in the fiberglass sector. 
  5. Brazil: Brazilian companies such as Owens Corning Brazil and Vetrotex Brasil are expanding glass fiber production to meet demand in construction and automotive sectors. Government initiatives promoting infrastructure development and industrial growth drive market expansion. The Brazilian Ministry of Industry, Foreign Trade, and Services supports research and development in advanced materials, including glass fiber.

Emerging Trends in the Global Glass fiber Market

The glass fiber market is poised for continued growth in the coming years. One of the primary drivers of market growth is the increasing demand for lightweight materials in various industries. Glass fiber composites are widely used to replace traditional materials such as steel and aluminum due to their superior strength-to-weight ratio. Industries such as automotive, aerospace, and wind energy are adopting glass fiber composites to improve fuel efficiency, enhance performance, and reduce overall weight.

Additionally, the construction industry plays a significant role in driving the glass fiber market. Glass fiber reinforcement is extensively used in concrete and other building materials to enhance structural integrity, increase durability, and reduce the risk of cracks and corrosion. With the rapid urbanization and infrastructure development across the globe, the demand for glass fiber in construction applications is expected to witness substantial growth.

Emerging trends, which has a direct impact on the dynamics of the industry, are the innovative trends focused on ultra-high modulus glass fiber and glass fiber based composites parts using 3D technology.
Glass Fiber Market by Segments
 

Global Glass Fiber Market by Segment

The study includes trends and forecast for the global glass fiber market by end use, manufacturing process, product type, and region as follows:

Global Glass Fiber Market by End Use [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

Global Glass Fiber Market by Manufacturing Process [Volume (M lbs) Shipment Analysis for 2018 – 2030]:

  • Hand Lay-Up
  • Spray Up
  • Resin Infusion
  • Filament Winding
  • Pultrusion
  • Compression Molding
  • Prepreg Layup
  • Injection Molding
  • Others

Global Glass Fiber Market by Product Type [Volume (M lbs) Shipment Analysis for 2023]:

  • Single End Roving
  • Multi End Roving
  • DUCS
  • Continuous Filament Mat
  • Yarn

Global Glass Fiber Market by Region [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

Glass Fiber Market Share

The global glass fiber market is witnessing robust growth, driven by the demand for lightweight, high-performance materials across industries such as construction, automotive, aerospace, and wind energy. Key players in the industry are investing in research and development to offer innovative glass fiber products and gain a competitive edge. The future of the market looks promising, with technological advancements and sustainability driving market expansion. Overall, the glass fiber market is poised for continued growth.

Glass Fiber Manufacturers

The global glass fiber market is highly competitive, with several key players vying for market share. Some of the leading companies in this market include Owens Corning, Jushi Group Co., Ltd., Nippon Electric Glass Co., Ltd., Taishan Fiberglass Inc., and Johns Manville Corporation. These players invest in research and development to innovate and offer advanced glass fiber products to cater to diverse customer requirements.

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 global glass fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the global glass fiber companies profiled in this report include.
  • Owens Corning
  • Jushi Group Co., Ltd.
  • Chongqing Polycomp International Corporation
  • Taishan Fiberglass Inc.
  • Taiwan Glass Group
  • Nippon Electric Glass Co. Ltd.
  • Sichuan Weibo. Co. Ltd
  • 3B the Fiber Glass Company ( Goa Glass Fiber)
  • Johns Manville Corporation
  • Nitto Boseki Co. Ltd

Recent Developments in the Global Glass Fiber Market 

For the latest news and updates specific to the glass fiber market, I recommend consulting industry publications, market research reports, and news outlets covering the materials and manufacturing sectors.
  • Rising Demand in Wind Energy Sector: The glass fiber market is experiencing increased demand from the wind energy sector, particularly for manufacturing wind turbine blades. As the wind energy industry continues to grow globally, there's a corresponding rise in the consumption of glass fiber reinforcements for composite materials used in wind turbine blades.
  • Focus on Lightweight and High-Strength Applications: Glass fiber manufacturers are investing in research and development to produce lightweight and high-strength glass fibers for various applications, including automotive, aerospace, and construction. These advanced glass fibers offer improved performance characteristics, contributing to the development of lighter and more durable products. 
  • Technological Advancements in Manufacturing Processes: Continuous innovation in glass fiber manufacturing processes is leading to improvements in efficiency, quality, and cost-effectiveness. Advanced technologies such as advanced melt systems, precision winding techniques, and inline quality control systems are being adopted to enhance production capabilities.
  • Growing Application in Composite Materials: Glass fibers are a key component in the production of composite materials used in various industries, including automotive, marine, aerospace, and construction. The increasing adoption of composites for lightweight and high-performance applications drives demand for glass fiber reinforcements. 
  • Expansion in Emerging Markets: The glass fiber market is expanding in emerging markets, particularly in Asia-Pacific and Latin America, driven by rapid industrialization, infrastructure development, and increasing demand from end-use industries such as construction, automotive, and electronics. Manufacturers are establishing production facilities and distribution networks to capitalize on growth opportunities in these regions.
  • Focus on Sustainability and Recycling: With growing emphasis on sustainability, there's a push towards developing eco-friendly glass fiber products and implementing recycling initiatives within the glass fiber industry. Companies are exploring ways to reduce environmental impact through sustainable sourcing of raw materials, energy-efficient manufacturing processes, and recycling of glass fiber waste. 

Features of Global Glass Fiber Market

  • Market Size Estimates: Glass fiber market size estimation in terms of value ($M) and volume (M lbs).
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Glass fiber market size by various segments, such as end use, manufacturing process, and product type in terms of value and volume.
  • Regional Analysis: Glass fiber market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different end use, manufacturing process, product type, and regions for the glass fiber market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the global glass fiber market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Frequently Asked Questions (FAQ)

Q1. What is the global glass fiber size?
Answer: The global glass fiber is expected to reach an estimated to $15 billion by 2030.
Q2. What is the growth forecast for  global glass fiber market?
Answer: The glass fiber market is expected to grow at a CAGR of 3% from 2023 to 2030.         
Q3. What are the major drivers influencing the growth of  the  global glass fiber market?
Answer: The major driver for this market is rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.    
Q4. What are the major end uses of  global glass fiber market?
Answer: Construction and transportation are the major end uses of glass fiber.       
Q5. What are the emerging trends of  global glass fiber market?
Answer: Emerging trends, which has a direct impact on the dynamics of the industry, includes innovative trends focused on ultra-high modulus glass fiber and glass fiber based composites parts using 3D technology.
Q6. Who are the  global glass fiber companies?
Answer: Some of the key global glass fiber companies are as follows:
  • Owens Corning
  • Jushi Group Co., Ltd.
  • Chongqing Polycomp International Corporation
  • Taishan Fiberglass Inc.
  • Taiwan Glass Group
  • Nippon Electric Glass Co., Ltd.
  • Sichuan Weiibo. Co. Ltd
  • 3B the Fiber Glass Company ( Goa Glass Fiber)
  • Johns Manville Corporation
  • Nitto Boseki Co, Ltd
Q7. What country is the largest producer of  fiberglass?
Answer: APAC is expected to remain the largest region and witness the highest growth over next 5 years.       
Q8. What is the price of Glass Fiber?
Answer: The cost of single-end roving glass fiber (GF) typically ranges from $0.50 to $0.80 per pound, with variations depending on the region. Factors influencing these regional price differences may include availability of raw materials, transportation expenses, and regional demand for glass fiber products.
Q9. 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 potential, high-growth opportunities for the global glass fiber market by end use (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others), manufacturing process (hand lay-up, spray up, resin infusion, filament winding, pultrusion, compression molding, prepreg layups, injection molding, and others), product type (
single end roving, multi end roving, DUCS, continuous filament mat, and yarn), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

 
For any questions related to glass fiber market or related to glass fiber suppliers, glass fiber manufacturers, glass fiber raw material, glass fiber cost, glass fiber market trend and forecast, glass fiber applications, glass fiber market share, glass fiber market analysis, glass fiber market size, glass fiber manufacturers, and glass fiber applications, write to Lucintel analysts at helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. Glass fiber Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends and Forecasts
3.2: Glass fiber Market Trends and Forecast
3.3: Global Glass Fiber Market by End Use 
3.3.1 Marine
3.3.2 Transportation
3.3.3 Pipe and Tank
3.3.4 Aerospace
3.3.5 Construction
3.3.6 Electrical and Electronics
3.3.7 Wind Energy   
3.3.8 Others
3.4: Global Glass Fiber Market by Manufacturing Process 
3.5: Global Glass Fiber Market by Product Type
 
4. Market Trends and Forecast Analysis by Region 
4.1: Global Glass fiber by Region
4.2: North American Glass fiber Market
4.2.1 North American Glass Fiber  by End Use  
4.2.2 United States Glass Fiber Market
4.2.3 Canadian Glass Fiber Market
4.2.4 Mexican Glass Fiber Market 
4.3: European Glass fiber Market
4.3.1 European Glass Fiber by End Use 
4.3.2 German Glass Fiber Market
4.3.3 United Kingdom Glass Fiber Market
4.3.4 French Glass Fiber Market
4.3.5 Spanish Glass Fiber Market
4.3.6 Italy Glass Fiber Market
4.4: APAC Glass fiber Market
4.4.1 APAC Glass Fiber by End Use 
4.4.2 Chinese Glass Fiber Market
4.4.3 Japanese Glass Fiber Market
4.4.4 Indian Glass Fiber Market
4.4.5 Taiwan Glass Fiber Market
4.5: ROW Glass fiber Market
4.5.1 ROW Glass Fiber by End Use 
4.5.2 Brazilian Glass Fiber Market
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Glass Fiber Market by End Use 
6.1.2: Growth Opportunities for the Global Glass Fiber Market by Region
6.2: Emerging Trends in the Global Glass fiber Market
6.3: Strategic Analysis
6.3.1: New Product Development in the Global Glass fiber Market
6.3.2: Capacity Expansion in the Global Glass fiber Market
6.3.3: Mergers and Acquisitions in the Global Glass Fiber Market
 
7. Company Profiles of Leading Players
7.1. Owens Corning
7.2. Jushi Group Co. ltd.
7.3. Chongqing Polycomp International Corporation
7.4. Taishan Fiberglass Inc
7.5. Taiwan Glass Group
7.6. Nippon Electric Glass Co. ltd.
7.7. Sichuan Weibo Co. ltd.
7.8. 3B the Fiberglass Company (Goa Glass Fiber)
7.9. Johns Manville Corporation
7.10. Nitto Boseki Co. ltd.  
 

.

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[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Glass Fiber Market: Trends, Opportunities and Competitive Analysis to 2030 Full Report $ 4,850
104 figures/charts and 78 tables are provided in this 219 - page report
Chapter - 1: Executive Summary 6 $ 435
1. Executive Summary
Chapter - 2: Market Background and Classifications 33 $ 218
2. Market Background and Classifications
2.1 Introduction, Background, and Classifications
2.2 Supply Chain
2.3 Industry Drivers and Challenges
Chapter - 3: Market Trends and Forecast Analysis 72 $ 1,740
3. Market Trends and Forecast Analysis from 2013 to 2024
3.1 Macroeconomic Trends and Forecast
3.2 Global Glass Fiber Supply and Demand Capacity
3.3 Global Glass Fiber Market Trends and Forecast
3.4 Global Glass Fiber Market by End Use Industry
3.4.1 Marine
3.4.2 Transportation
3.4.3 Pipe and Tank
3.4.4 Aerospace
3.4.5 Construction
3.4.6 Electrical and Electronics
3.4.7 Consumer Goods
3.4.8 Wind Energy
3.4.9 Others
3.5 Global Glass Fiber Market by Manufacturing Process
3.6 Global Glass Fiber Market by Product Type
Chapter - 4: Regional Analysis 43 $ 2,248
4. Market Trends and Forecast Analysis by Region
4.1 Global Glass Fiber Market by Region
4.2 North American Glass Fiber Market
4.2.1 Market by End Use Industry: Marine, Transportation, Pipe and Tank, Aerospace, Construction, Electrical and Electronics, Consumer Goods, Wind Energy, and Others
4.2.2 Glass Fiber Market of the US
4.2.3 Glass Fiber Market of Canada
4.2.4 Glass Fiber Market of Mexico
4.3 European Glass Fiber Market
4.3.1 Market by End Use Industry: Marine, Transportation, Pipe and Tank, Aerospace, Construction, Electrical and Electronics, Consumer Goods, Wind Energy, and Others
4.3.2 Glass Fiber Market of Germany
4.3.3 Glass Fiber Market of the UK
4.3.4 Glass Fiber Market of Spain
4.3.5 Glass Fiber Market of France
4.3.6 Glass Fiber Market of Italy
4.4 APAC Glass Fiber Market
4.4.1 Market by End Use Industry: Marine, Transportation, Pipe and Tank, Aerospace, Construction, Electrical and Electronics, Consumer Goods, Wind Energy, and Others
4.4.2 Glass Fiber Market of China
4.4.3 Glass Fiber Market of India
4.4.4 Glass Fiber Market of Japan
4.4.5 Glass Fiber Market of Taiwan
4.5 ROW Glass Fiber Market
4.5.1 Market by End Use Industry: Marine, Transportation, Pipe and Tank, Aerospace, Construction, Electrical and Electronics, Consumer Goods, Wind Energy, and Others
4.5.2 Glass Fiber Market of Brazil
Chapter - 5: Competitor Analysis 12 $ 725
5. Competitor Analysis
5.1 Product Portfolio Analysis
5.2 Market Share Analysis
5.3 Operational Integration
5.4 Geographical Reach
5.5 Porter’s Five Forces Analysis
Chapter - 6: Cost Structure Analysis 3 $ 508
6. Cost Structure Analysis
Chapter - 7: Growth Opportunities and Strategic Analysis 24 $ 870
7. Growth Opportunities and Strategic Analysis
7.1 Growth Opportunity Analysis
7.1.1 Growth Opportunities for the Global Glass Fiber Market by End Use Industry
7.1.2 Growth Opportunities for the Global Glass Fiber Market by Region
7.2 Emerging Trends in the Global Glass Fiber Market
7.3 Strategic Analysis
7.3.1 New Product Development
7.3.2 Capacity Expansion of the Global Glass fiber Market
7.3.3 Mergers, Acquisitions and Joint Ventures in the Global Glass fiber Market
7.3.4 Certification and Licensing
Chapter - 8: Company Profiles of Leading Players 28 $ 508
8. Company Profiles of Leading Players
8.1 Owens Corning
8.2 Jushi Group Co., Ltd.
8.3 Chongqing Polycomp International Corporation (CPIC)
8.4 Taishan Fiberglass Inc
8.5 Taiwan Glass Group
8.6 Nippon Electric Glass Co., Ltd.
8.7 Sichuan Weibo. Co., Ltd.
8.8 3B the Fiber Glass Company (Goa Glass fiber)
8.9 Johns Manville Corporation
8.10 Nitto Boseki Co., Ltd
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.