Global Fiberglass Market (2019-2025) | Size, Analysis, Forecast, Growth, Revenue, industry, Outlook, Trends, & industry

Latest 2023 Development of the Global Fiber Glass Market

The global fiber glass market is witnessing an increased demand from the construction industry. The fiberglass market has seen a significant increase in demand from the construction industry, which is expected to continue in the coming years. Fibreglass is used in a variety of construction applications, including insulation, roofing, and windows. Additionally, fibreglass is also used in the manufacturing of automotive parts, such as body panels, bumpers, and interior components. With the growing demand for lightweight and fuel-efficient vehicles, the fiberglass market is expected to grow in the automotive sector as well. Moreover, the global fiberglass industry has seen various technological advancements in recent years, leading to the development of new and improved fiberglass products. For instance, fiberglass reinforced plastics (FRPs) are being used as a substitute for traditional materials like steel and aluminium, owing to their high strength and durability.

In the past few years, there have been several mergers and acquisitions in the fiberglass market. These acquisitions will help companies to survive in the competitive market and enhance their market share. Moreover, the fiberglass industry is also focusing on sustainability and reducing its environmental impact due to increasing government intervention in safety and standards. Many fiberglass manufacturers are adopting eco-friendly production processes and using recycled materials in their products to meet the growing demand for sustainable products. 

global fiber glass market Synopsis

An increasing trend of substituting metals with lightweight fiberglass in various sectors including automotive & transportation, aerospace and defence would be the major factors driving the demand for the Fiberglass market over the coming years. Moreover, growing awareness for renewable energy as well as stringent emission regulations to reduce carbon footprint would positively influence the market growth in the future.

According to 6Wresearch, the Global Fiberglass Market size is anticipated to register growth during 2019-2025. Based on glass type, the market can be categorized into S-Glass, C-Glass, E-Glass, ECR-Glass, and others. The e-Glass segment contributed a major share of market revenues in 2018 and is projected to lead the demand for fibreglass market during the forecast period owing to its high demand in the automobile and aircraft market.

 In the overall global fibreglass market share, the Asia Pacific region has captured the majority of the market revenue share in 2018 followed by North America and is expected to lead throughout the forecast period. However, the Middle East and Africa region are anticipated to be one of the major revenue generators over the coming years owing to the rapidly growing construction sector in the region.

The Global Fiberglass market report thoroughly covers the market by glass type, fiber type, technology, application, regions including MEA, APAC, Europe, Latin America, and North America, and key countries. The global Fiberglass market outlook report provides an unbiased and detailed analysis of the ongoing global Fiberglass market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The fiberglass market is known as the glass-reinforced plastic (GRP), spun glass, Glass faserverstarkter Kunststof (GFK), glass-fibre reinforced plastic (GFRP), and it’s going to be reinforced by the plastic material containing the glass fibers. It has excellent electrical properties such as lightweight moderate tensile, easy to handle, and compressive strength. It is reinforced plastic to process the fabric or sheets. The fiberglass type is based on the different applications in composites and insulation. The growing demand for the product automotive industry and construction takes place at the global level of the fiberglass market. The market further drives the demand for insulator applications and the demand for increasing E-glass.

Fiberglass majorly is driven by its corrosion-resistant property it's going to help them to withstand high temperatures and manufacturers prefer opting for the fiberglass for essential manufacturing. The construction of the oil and gas exploration activities led to the demand for various fiberglass products such as pipes & tanks, bathtubs FRP panels in the upcoming years.  In the forecast period, the growing demand for lightweight aircraft is automobiles expected to augment the growth of the different fiberglass markets in the upcoming years. Increasing demand for the trend the substituting heavier metal components based on lightweight fibreglass has aerospace and automotive, creating a growth opportunity, and stirring is going to up the demand in the fiberglass markets. The automotive manufacturers are regulations that have been obligated to the fiberglass materials.  Nowadays the increase in the awareness towards renewable and further expected to grow in the review period in the large-scale application and lighter and lowers cost of manufacturing. By owing to these factors the fiberglass market is expected to sign market in the upcoming years.

The global fiberglass market is estimated to witness growth during the forecast period 2020-26F backed by the rising adoption of the product across various bath ware products such as bathtubs, Jacuzzi, waterslides, and fountains to ensure smooth slides and make the end product slip-resistant. Moreover, fiberglass is estimated to be cost-effective and versatile in nature which tends to create a lucrative opportunity in the market. further, on the basis of industry, automobiles are expected to capture high sales revenues owing to the replacement of steel with fiberglass to ensure lightweight vehicles which tends to ease of movement of vehicles and is expected to proliferate the deployment of fiberglass in the automotive industry and would spur the progressive growth of Global fiberglass market in the coming timeframe. 

Key Highlights of the Report:

• Global Fiberglass Market Overview
• Global Fiberglass Market Outlook
• Global Fiberglass Market Forecast
• Historical Data of Global Fiberglass Market Revenues for the Period 2015-2018
• Global Fiberglass Market Size and Global Fiberglass Market Forecast of Revenues, Until 2025
• Historical Data of Global Fiberglass Market Revenues, by Glass Types, for the Period 2015-2018
• Market Size & Forecast of Global Fiberglass Market Revenues, by Glass Types, Until 2025
• Historical Data of Global Fiberglass Market Revenues, by Fiber Types, for the Period 2015-2018
• Market Size & Forecast of Global Fiberglass Market Revenues, by Fiber Types, Until 2025
• Historical Data of Global Fiberglass Market Revenues, By Applications, for the Period 2015-2018
• Market Size & Forecast of Global Fiberglass Market Revenues, By Applications, Until 2025
• Historical Data of North America Fiberglass Market Revenues, for the Period 2015-2018
• Market Size & Forecast of North America Fiberglass Market Revenues, Until 2025
• Historical Data of Latin America Fiberglass Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Latin America Fiberglass Market Revenues, Until 2025
• Historical Data of Europe Fiberglass Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Europe Fiberglass Market Revenues, Until 2025
• Historical Data of Asia Pacific Fiberglass Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Fiberglass Market Revenues, Until 2025
• Historical Data of the Middle East & Africa Fiberglass Market Revenues, for the Period 2015-2018
• Market Size & Forecast of the Middle East & Africa Fiberglass Market Revenues, Until 2025
• Market Drivers and Restraints
• Global Fiberglass Market Price Trends
• Global Fiberglass Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Fiberglass Market Share, By Players
• Global Fiberglass Market Share, By Regions
• Global Fiberglass Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global Fiberglass Market report provides a detailed analysis of the following market segments:

By Glass Types:

• S-Glass
• C-Glass
• E-Glass
• ECR-Glass
• Others 

By Fiber Types:

• Roving
• Mats
• Strands
• Fabrics

By Applications: 

• Automotive & Transportation
• Aerospace & Defense
• Wind Energy
• Construction
• Marine
• Sports & Leisure
• Pipe & Tank
• Others

By Regions: 

• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East & Africa