openPR Logo
Press release

Fiberglass Market Share, Size, Growth Analysis and Global Industry Demand 2024-2032

02-07-2024 10:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Fiberglass Market Share, Size, Growth Analysis and Global

According to IMARC Group, the global fiberglass market size reached US$ 12.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.88% during 2024-2032.

Global Fiberglass Market Trends:

The escalating demand for wind energy solutions is contributing to the market growth, as fiberglass composites play a pivotal role in manufacturing lightweight and durable wind turbine components. In confluence with this, the expanding utilization of fiberglass in the burgeoning field of electric mobility, owing to its enhanced structural integrity and reduced weight, contributing to the overall efficiency and sustainability of electric transportation systems is creating a positive outlook for market expansion. Furthermore, the widespread product adoption in smart buildings and infrastructure projects due to its corrosion resistance and durability, is providing an impetus to the market growth.

Get Sample Copy of Report at -https://www.imarcgroup.com/fiberglass-market/requestsample

Factors Affecting the Growth of the Fiberglass Industry:

• Ongoing technological advancements:

Technological innovations have significantly impacted the fiberglass market, driving efficiency, quality, and versatility in production processes. Advanced manufacturing techniques, such as continuous filament winding, pultrusion, and the development of high-performance resins, have improved the overall quality of fiberglass products. These innovations have led to the production of fiberglass with enhanced strength, durability, and corrosion resistance, making it suitable for a broader range of applications. Additionally, advancements in nanotechnology have opened up new possibilities for improving the properties of fiberglass, contributing to the market growth.

• Increasing demand in end-use industries:

The fiberglass market experiences substantial demand from various end-use industries, including construction, automotive, aerospace, and marine. Fiberglass is widely used in the construction sector for insulation, roofing, and cladding due to its lightweight nature, high strength-to-weight ratio, and corrosion resistance. Besides this, it is also employed across the automotive, aerospace, and marine industries for manufacturing components that require strength, low weight, and resistance to water and environmental conditions, contributing to fuel efficiency and overall performance. The burgeoning demand from these diverse sectors continues to be a key driver for the growth of the fiberglass market.

• Rising focus on sustainability:

The increasing emphasis on sustainability and environmentally friendly practices has positively influenced the fiberglass market. Fiberglass is considered a sustainable material due to its recyclability and energy-efficient production processes. As industries worldwide strive to reduce their carbon footprint, fiberglass emerges as a viable alternative to traditional materials with higher environmental impacts. The durability of fiberglass also contributes to longer product lifecycles, reducing the need for frequent replacements and minimizing waste. Furthermore, the development of bio-based resins and reinforcement materials, aligning with the broader global push towards eco-friendly alternatives is strengthening the market growth.

Fiberglass Market Report Segmentation:

Breakup by Glass Product Type:

• Glass Wool
• Direct and Assembled Roving
• Yarn
• Chopped Strand
• Others

Direct and assembled roving represents the largest market segment due to its versatility and widespread use in various applications, including construction, automotive, and aerospace due to its superior mechanical properties.

Breakup by Glass Fiber Type:

• E-Glass
• A-Glass
• S-Glass
• AR-Glass
• C-Glass
• R-Glass
• Others

E-glass dominates the market because of its excellent strength, electrical insulating properties, and cost-effectiveness, making it a preferred choice in a wide range of industries, including construction, electronics, and transportation.

Breakup by Resin Type:

• Thermoset Resin
• Thermoplastic Resin

Based on the resin type, the market is bifurcated into thermoset resin and thermoplastic resin.

Breakup by Application:

• Composites
• Insulation

Composites account for the majority of market share as they are extensively used in multiple sectors like construction, automotive, and aerospace for their high strength-to-weight ratio, corrosion resistance, and versatility in fulfilling diverse application needs.

Breakup by End User:

• Construction
• Automotive
• Wind Energy
• Aerospace and Defense
• Electronics
• Others

Automotive is the biggest end-user segment for the fiberglass market due to the increasing adoption of fiberglass composites in vehicle manufacturing for components like body panels, interiors, and structural elements.

Breakup by Region:

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (Saudi Arabia, UAE, Others)

Asia Pacific emerges as the leading market primarily because of the region's robust industrial and manufacturing activities, rising construction projects, and increasing demand for fiberglass in the automotive and electronics industries.

Ask Analyst for Customized Report: https://www.imarcgroup.com/request?type=report&id=3498&flag=C

Competitive Landscape With Key Players:

The competitive landscape of the global fiberglass market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of These Key Players Include:

• Asahi Fiber Glass Co. Ltd. (Yoshino Gypsum Co. Ltd.)
• Braj Binani Group
• China Jushi Co. Ltd.
• Chongqing Polycomp International Corp. (Yuntianhua Group Co. Ltd.)
• Compagnie De Saint-Gobain S.A.
• Johns Manville (Berkshire Hathway Inc.)
• Knauf Insulation
• Nippon Electric Glass Co. Ltd.
• Owens Corning
• PFG Fiber Glass Corporation (Nan Ya Plastics Corporation)
• Taishan Fiberglass Inc (Sinoma Science & Technology Co. Ltd.)
• Taiwan Glass Industry Corporation

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fiberglass Market Share, Size, Growth Analysis and Global Industry Demand 2024-2032 here

News-ID: 3375473 • Views:

More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafood
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Request
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a

All 5 Releases


More Releases for Glass

Depression Glass Market 2023- Industry Revenue and Price | Hazel-Atlas Glass Com …
The Depression Glass market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development
Auto Glass Market Is Booming Worldwide | Fuyao Glass, Webasto, Xinyi Glass, Asah …
Advance Market Analytics published a new research publication on "Auto Glass Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Auto Glass market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled
Glass Easy-clean Glass Market 2019| Pilkington Glass, PPG Industries, Ravensby W …
The global market status for Easy-clean Glass is precisely examined through a smart research report added to the broad database managed by Market Research Hub (MRH). This study is titled “Global Easy-clean Glass Market” Research Report 2019, which tends to deliver in-depth knowledge associated to the Easy-clean Glass market for the present and forecasted period until 2025. Furthermore, the report examines the target market based on market size, revenue and
Global Ground Glass Market 2017- CSG, XINYI Glass, JINJING Glass, SYP Glass, Yao …
The market research report by QY Research provides detailed study on the overall Ground Glass market size, its financial positions, its unique selling points, key products, and key developments. This research report has segmented the Ground Glass market based on the segments covering all the domains in terms of type, country, region, forecasting revenues, and market share, along with analysis of latest trends in every sub-segment. CLICK HERE to Request Sample
Global Ground Glass Sales Market 2017 - XINYI Glass, JINJING Glass, SYP Glass, Y …
The study Global Ground Glass Sales Industry 2017 is a detailed report scrutinizing statistical data related to the Global Ground Glass Sales industry. Historical data available in the report elaborates on the development of the Ground Glass Sales market on a Global and national level. The report compares this data with the current state of the market and thus elaborates upon the trends that have brought the market shifts. Download Sample
Energy Saving Glass Market 2017 - Saint Gobain, AGC Glass, Guardian Glass, Sisec …
A market study based on the ""Energy Saving Glass Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Energy Saving Glass Market 2017’. The research report analyzes the historical as well as present performance of the global Energy Saving Glass market, and makes predictions on the future status of Energy Saving Glass market on the basis of this analysis. Get Free Sample Copy of Report