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Fiberglass Market

Growth in the construction and automobile industries is fueling the demand for fiberglass

The global fiberglass market is likely to showcase a growth of around 5% during the forecast period. Being lightweight, durable, strong, and offering high thermal insulation, it is widely used in a range of industries including construction, petrochemicals, architecture, and automobile, among others. As these industries’ capacity is growing, thereby increasing the demand for fiberglass.

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With the rise in focus on environmental conditions, there is an increasing demand for lightweight composite materials across various industries for reducing carbon emissions such as transportation. Moreover, the growing construction of modern infrastructures is also increasing the adoption of fiberglass for controlling overheating and maintaining inside room temperature. As, the rising in refurbishment and remodeling activities has led to the replacement of conventional building materials with fiberglass in floor coverings, walls, windows, panels, etc., to provide better insulation and enhanced structural stability. Additionally, considerable growth in the renewable energy sector is also boosting the product demand for manufacturing various electrical equipment to harness clean and safe energy sources, such as wind and tidal energy. All the above-aforementioned factors are likely to drive the global market for fiberglass.

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Based on type, the market is categorized into S-glass, E-glass, A-glass, D-glass, E-CR-glass, and others. Among these, A-glass has a prominent share in the fiberglass market. It is among the most frequently available type of fiberglass and cost lesser relative to its counterparts. It has maximum usage in the food and beverages industry. It is used for making glass jars, bottles, windowpanes, and others. Further, this type of glass is ideal for recycling.

Based on resin type, the market is categorized into polyester, vinyl ester, epoxy, and others. Among these, polyester has a considerable share in the fiberglass market. This is among the most commonly used resin type as it is easier to use than other resin types. This type of resin has a quick cure and adds dimensional stability. Due to the aforementioned factors, it is used for repairing boats and car bodies, constructing buildings, decorative surfaces, bathtubs, and others.

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For a better understanding of the market adoption of fiberglass, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for a significant share in the market and is expected to showcase substantial growth during the forecast period owing to a large and growing base of the end-use industry due to improving consumer spending power, rapid urbanization, and growing demand for better quality products. Moreover, increasing construction works with industrialization in the region would increase the demand for fiberglass as it is used for coating and insulation due to its thermal resistance and durability.

Global Fiberglass Market Segmentation

Market Insight, by Type

• S-Glass
• E-Glass
• A-Glass
• D-Glass
• E-CR-Glass
• Others

Market Insight, by Resin Type

• Polyester
• Vinyl ester
• Epoxy
• Others

Market Insight, by Product Type

  • Woven Roving
  • Chopped Strand
  • Fabric
  • Others

Market Insight, by Application

  • Composites
  • Insulation

Market Insight, by Region

  • North America Fiberglass Market
    • United States
    • Canada
    • Rest of North America
  • Europe Fiberglass Market
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific Fiberglass Market
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of World Fiberglass Market

Top Company Profiles

• Owens Corning
• China Jushi Co. Ltd.
• PPG Industries, Inc.
• BKP Berolina Polyester GmbH & Co. KG
• Compagnie de Saint-Gobain S.A.
• Taiwan Glass Industry Corporation
• Xingtai Jinniu Fiberglass Co. Ltd.
• Taishan Fiberglass Inc.
• Asahi Fiber Glass Co., Ltd.
• AGY Holding Corp.

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