openPR Logo
Press release

Glass fibers Market Size Will Expected to Reach USD 116.7 Billion at a CAGR of 7.6% by 2034 | TMR Research

10-23-2024 12:33 PM CET | Chemicals & Materials

Press release from: Transparency Market Research

Glass fibers Market Size Will Expected to Reach USD 116.7 Billion

Glass fiber is a highly versatile material composed of extremely fine strands of glass, widely used for its excellent mechanical properties, such as high strength, lightweight, and corrosion resistance. It plays a critical role in a variety of industries, including construction, automotive, aerospace, electronics, and renewable energy, primarily as a reinforcement material in composites and insulation products. Glass fibers are known for their ability to enhance the structural integrity of materials while reducing weight, making them an essential component in applications requiring durability, thermal stability, and cost-efficiency.

Glass fibers market is estimated to grow at a CAGR of 7.6% from 2024 to 2034 and reach US$ 116.7 Bn by the end of 2034

Request a PDF Sample of this Report Now!
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4049

Market Overview

Glass fibers are highly versatile materials widely used in sectors such as construction, automotive, aerospace, wind energy, and electronics due to their exceptional mechanical properties, including high strength-to-weight ratio, durability, and corrosion resistance. These fibers are used extensively in the production of composites, insulation materials, and reinforcement for various industrial applications.

Top Companies:

AGY
Johns Manville
Owens Corning
Nippon Electric Glass Co., Ltd.
Saint-Gobain Vetrotex
VALMIERAS STIKLA ŠĶIEDRA, AS

Key Market Drivers

Several factors are contributing to the rapid expansion of the glass fibers market:

Rising Demand in Automotive and Aerospace
The automotive and aerospace sectors are driving significant demand for lightweight materials to improve fuel efficiency and reduce emissions. Glass fibers are increasingly being used in composite materials for manufacturing vehicle components and aircraft structures, offering a perfect balance of strength and weight.

Growth in the Wind Energy Sector
Glass fibers play a crucial role in the production of wind turbine blades, which require materials that are lightweight, durable, and resistant to environmental stresses. As the global shift toward renewable energy intensifies, the demand for glass fiber-reinforced composites in wind energy is set to rise significantly.

Sustainability and Environmental Benefits
With industries increasingly focusing on sustainability, glass fibers are becoming a preferred material for green building solutions. They offer recyclability, durability, and energy efficiency in various construction applications, helping reduce the environmental impact of building materials.

Advancements in Manufacturing Technologies
Innovations such as 3D printing, automated manufacturing, and smart fibers are expanding the application possibilities for glass fibers. These new production techniques are reducing costs, increasing efficiency, and enabling more complex designs for high-performance materials.

Recent Developments

The glass fibers market has seen several notable advancements in recent years:

Biodegradable Glass Fibers: Researchers are developing eco-friendly alternatives to traditional glass fibers, using biodegradable materials that reduce environmental impact and improve sustainability across various industries.

Smart Glass Fiber Technology: The integration of sensors within glass fibers allows for real-time monitoring of structural health in applications like construction and transportation, enhancing safety and maintenance capabilities.

High-Temperature Resistant Fibers: New formulations of glass fibers are being designed to withstand extreme temperatures, opening up applications in industries like oil & gas, and aerospace, where temperature resistance is critical.

Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4049

Future Outlook

The future of the glass fibers market looks promising, with several trends set to shape its growth trajectory:

Increasing Use in Electric Vehicles (EVs): As the demand for EVs accelerates globally, manufacturers are turning to glass fiber composites for lightweighting applications. These materials help increase the energy efficiency of EVs by reducing their overall weight without compromising safety or durability.

Expansion in Emerging Markets: The glass fibers market is expected to witness strong growth in Asia-Pacific and Latin America regions due to the rapid industrialization and urbanization, as well as increased infrastructure spending in these areas.

Innovations in Recyclability: With growing environmental awareness, efforts are being made to improve the recyclability of glass fiber products. Manufacturers are focusing on developing glass fibers that can be reused or repurposed, reducing waste and aligning with global sustainability goals.

Collaboration and Partnerships: Industry leaders are increasingly collaborating with research institutions, universities, and tech companies to push the boundaries of glass fiber applications. These partnerships are expected to fuel further innovation, driving new solutions for critical sectors like aerospace, defense, and energy.

Conclusion

The glass fibers market is on a strong growth trajectory, driven by increasing demand for lightweight, high-performance materials and ongoing innovations in technology. With expanding applications across industries and a focus on sustainability, the market is expected to offer lucrative opportunities for manufacturers and investors alike.

Market Segmentation

By Product
E-class Glass Fibers
Performance Glass Fibers

By Application
Building & Construction
Transportation
Consumer Goods
Industrial
Wind Turbines
Others

Regions
North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=4049<ype=S

More Trending Reports by Transparency Market Research -

Ethyl Acetate Market to Garner USD 8.8 billion by 2031, Registering at a CAGR of 5.9% | by TMR Report
Titanium Fluoride Phosphate Market to Reach US$ 914.2 Mn by 2031, as per a TMR Study

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports

Contact Us:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

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 Glass fibers Market Size Will Expected to Reach USD 116.7 Billion at a CAGR of 7.6% by 2034 | TMR Research here

News-ID: 3706470 • Views:

More Releases from Transparency Market Research

Global Opioid Induced Constipation Treatment Market Set to Reach USD 5.2 Billion by 2036, Driven by Rising Opioid Use and Targeted Therapies
Global Opioid Induced Constipation Treatment Market Set to Reach USD 5.2 Billion …
The global opioid induced constipation (OIC) treatment market is witnessing steady and sustained growth as healthcare systems worldwide place increasing emphasis on comprehensive pain management and supportive care. Valued at US$ 2.9 billion in 2025, the market is projected to reach US$ 5.2 billion by 2036, expanding at a compound annual growth rate (CAGR) of 5.3% from 2026 to 2036. Growth is primarily fueled by the rising prevalence of chronic
Pneumatic Flux Chipper Market Expanding at 7.4% CAGR Through 2036 - By Product Type / By Impact Frequency | China • India • Japan • U.S.
Pneumatic Flux Chipper Market Expanding at 7.4% CAGR Through 2036 - By Product T …
The global Pneumatic Flux Chipper Market is set to witness sustained and resilient growth over the next decade, underpinned by expanding heavy manufacturing activities, rising welding and fabrication demand, and continuous investments in industrial infrastructure across emerging and developed economies. According to the latest industry analysis, the market was valued at US$ 760.5 Mn in 2025 and is projected to reach US$ 1,680.8 Mn by 2036, expanding at a compound
AI in Automotive Market Outlook 2036: Global Industry to Surge from US$ 19.8 Billion in 2025 to US$ 244.4 Billion at 27% CAGR
AI in Automotive Market Outlook 2036: Global Industry to Surge from US$ 19.8 Bil …
The AI in automotive market is entering a phase of exponential expansion, supported by rapid digitization of vehicles, growing safety mandates, and consumer demand for intelligent mobility. The global market was valued at US$ 19.8 Bn in 2025 and is projected to reach US$ 244.4 Bn by 2036, registering a remarkable CAGR of 27% from 2026 to 2036. This growth trajectory reflects the transition of automobiles from mechanically driven products to
Hypodermic Needles Market to Reach US$ 7.9 Billion by 2036 on Rising Injectable Drug Demand
Hypodermic Needles Market to Reach US$ 7.9 Billion by 2036 on Rising Injectable …
The global hypodermic needles market was valued at approximately US$ 4.2 billion in 2025 and is projected to reach around US$ 7.9 billion by 2036, expanding at a CAGR of nearly 5.8% from 2026 to 2036, driven by the rising prevalence of diabetes, cancer, and chronic diseases, growing demand for injectable drugs and biologics, and the expansion of global vaccination and immunization programs; increasing adoption of safety-engineered and disposable needles,

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 Low-E Glass Market: Xinyi Glass, Taiwan Glass, Zhongli Holding, Yaohua Pi …
Global Market Study Evaluate on Low-E Glass Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022 The scope of the global Low-E Glass market report is: This report offers a comprehensive evaluation of the Low-E Glass market. It does so by in-depth qualitative insights, historical Low-E Glass market data, and verifiable projections about global Low-E Glass market size. The projections featured in the Low-E Glass market report have been
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