Press release
Global Fiberglass Market Booms as Construction & Automotive Sectors Fuel Growth 2025 | Top key players - China Jushi Co., Ltd., Owens Corning, PPG Industries, Inc.
The Global Fiberglass Market reached USD 17.6 billion in 2022 and is projected to witness lucrative growth by reaching USD 26 billion by 2031. The market is growing at a CAGR of 5.0% during the forecast period 2024-2031.The latest Fiberglass market research report from DataM Intelligence delivers a comprehensive analysis of the global Fiberglass Market landscape, highlighting emerging trends, market size, competitive dynamics, and key growth drivers. This high-impact report offers strategic insights for investors, marketers, and decision-makers looking to capitalize on current and future market opportunities.
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The Fiberglass Market refers to the global industry involved in the production, distribution, and application of fiberglass-reinforced plastic made from fine glass fibers. Known for its lightweight, strength, and durability, fiberglass is widely used in construction, automotive, aerospace, wind energy, and marine industries. Market growth is driven by increasing demand for energy-efficient materials and infrastructure development.
Market Segments
By Product: Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand, Others.
By Glass Type: S-Glass, E-Glass, C-Glass, ECR-Glass, Ar-Glass, A-Glass, Others.
By Application: Plastics, Detergents, Resins, Synthetic Fibers, Dyes, Pesticides & Drugs, Others.
The Fiberglass industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
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Prominent players in the Fiberglass Market
The prominent players in Fiberglass market research report are: China Jushi Co., Ltd., Owens Corning, PPG Industries, Inc., Chongqing Polycomp International Corp. (CPIC), Nippon Electric Glass Co., Ltd., Binani 3B-The Fibreglass Company, Taiwan Glass Ind. Corp., Johns Manville Corp., PFG Fiber Glass (Kunshan) Co., Ltd. and Asahi Fiberglass Co., Ltd.
These companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Industry Developments:
In April 2023, Saint-Gobain, the French multinational glass manufacturer, acquired a ₹400 crore (USD 33.02 million) stake in Twiga Fiberglass Ltd, an Indian fiberglass producer. The acquisition, following a prior manufacturing agreement for glass wool, is expected to strengthen Saint-Gobain's presence in the Indian market.
In May 2023, Jushi Group, one of China's leading fiberglass manufacturers, donated an Inductively Coupled Plasma Spectrometer (ICP) to Egypt's National Research Center (NRC). The advanced equipment enables precise mineral composition analysis of glass fiber, enhancing the NRC's research capabilities.
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Regions Covered:
The global Fiberglass Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
FAQs:
✒ What are the primary drivers fueling growth in the Fiberglass Market today?
✒ Which companies are currently leading innovation and market share in the Fiberglass Market?
✒ In what ways is the current regulatory environment influencing the Fiberglass Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Fiberglass Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Fiberglass Market?
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