Global Glass Fiber Products Market (2024-2030) | Industry, Revenue, Analysis, Outlook, Companies, Size, Share, Value, Growth, Trends & Forecast

Market Forecast By Application (Marine, Construction, Pipe & Tank, Transportation, Aerospace, Electrical & Electronics, Consumer Goods And Others), By Manufacturing Process (Spray-Up, Hand Lay-Up, Pultrusion, Prepreg Lay-Up, Injection Molding, Resin Infusion, Compression Molding And Others), By Product Type (Multi-End Roving, Single-End Roving, CSM, CFM, CS, Fabrics, Woven Roving And Others), By Regions (Europe, Latin America, Middle East, Africa, Asia Pacific And North America) And Competitive Landscape

Product Code: ETC054937 Publication Date: May 2021 Updated Date: Dec 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 300 No. of Figures: 90 No. of Tables: 30

Global Glass Fiber Products Market Highlights

Report Name Global Glass Fiber Products Market
Forecast period 2024-2030
Market Size USD 7 billion by 2030
CAGR 8%
Growing Sector Automotive

Topics Covered in the Glass Fiber Products Market Report

Glass Fiber Products Market report thoroughly covers the By Application, By Manufacturing Process, By Product Type, and By Regions. The market report provides an unbiased and detailed analysis of the ongoing 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.

Glass Fiber Products Market Size Analysis

Glass Fiber Products Market has been exhibiting robust growth. This expansion is primarily driven by the increasing demand for lightweight, durable materials in industries such as automotive, construction, and wind energy. The market is projected to experience a compound annual growth rate (CAGR) of 8% from 2024 to 2030, supported by technological advancements in fiber manufacturing processes and the growing focus on sustainable construction solutions. Furthermore, the increasing adoption of glass fiber products in the manufacturing of eco-friendly infrastructure is expected to further enhance market dynamics, with the Glass Fiber Products market size projected to exceed USD 7 billion by 2030.

Glass Fiber Products Market Synopsis

Glass Fiber Products market is witnessing steady growth driven by rising demand across diverse industries such as construction, automotive, aerospace, and renewable energy. The market is expanding due to its enhanced durability, flexibility, and insulation properties, making it a vital material in various applications. Additionally, the growing emphasis on sustainable materials and the shift towards lightweight products further contribute to the market size. With technological advancements, the industry is evolving, presenting new opportunities for manufacturers and investors. Rising infrastructure projects globally are boosting demand for Glass Fiber Products industry components, particularly in building and construction. The increasing adoption of eco-friendly materials is also shaping market dynamics.

According to 6Wresearch, the Glass Fiber Products Market size is expected to reach at a significant CAGR of 8% during the forecast period 2024-2030. Glass Fiber Products market growth is primarily driven by the increasing demand for lightweight materials across industries, which promotes the adoption of glass fibers for better strength-to-weight ratios. The market size is significantly influenced by the growing construction and automotive industries, where glass fiber is used for its insulation and reinforcement properties. As global automotive production rises, manufacturers are increasingly adopting industry for parts that offer strength without adding weight, such as body panels and structural components. Government policies supporting green building initiatives and energy-efficient materials are further pushing the demand for glass fiber in the construction sector. The development of composite materials, combining glass fiber with resins and other materials, is expanding its application in aerospace and defense, contributing to market share expansion. Technological advancements, like the use of nano-materials in glass fiber, are also enhancing the product performance, leading to higher consumption. Moreover, the push for sustainability, particularly in renewable energy, is boosting the demand for glass fiber in wind turbine blades, which is a major driver of the market growth.

However, apart from this, the market faces several challenges that affect its overall growth. Volatility in raw material prices, particularly silica and other essential materials, impacts production costs, thus squeezing Glass Fiber Products market share and profit margins. Additionally, the environmental concerns related to the disposal and recycling of glass fiber products remain a major challenge. These products are not biodegradable, and recycling infrastructure is limited, posing long-term sustainability risks for the industry. Another significant issue is the complexity of manufacturing high-quality glass fibers that meet the strict standards of industries like aerospace and automotive. Labor shortages and the need for specialized skills also hinder efficient production, reducing market growth. Moreover, the competition among global and regional players intensifies price wars, affecting profitability. Regulatory challenges related to emissions during the manufacturing process, as well as fluctuating trade policies, can create uncertainty for companies in the market. Lastly, concerns over the performance and durability of glass fiber in extreme environments limit its adoption in some high-performance applications.

Glass Fiber Products Market Trends 

The market trends reflect a shift towards the development of advanced, high-performance products. Manufacturers are increasingly investing in sustainable glass fiber materials that are recyclable and offer improved durability, supporting the growing demand for eco-friendly solutions in industries like automotive and construction. The adoption of market growth is also evident in the rise of composite materials, where glass fiber is combined with resins to create lighter, stronger, and more fuel-efficient components, particularly in the aerospace sector. Smart glass fiber products, integrated with sensors and electronics, are gaining traction, especially in the automotive sector for applications like structural health monitoring.

Additionally, the trend of lightweight materials is leading to more use of glass fiber in the production of energy-efficient vehicles. market size is expanding with the increasing use of glass fibers in the manufacturing of wind turbine blades, driven by the global shift towards renewable energy. Moreover, the rise of 3D printing technologies is providing new opportunities for creating custom glass fiber products for specialized applications. These advancements are contributing to the dynamic growth of the Glass Fiber Products industry.

Investment Opportunities in the Glass Fiber Products Market 

The market offers numerous investment opportunities, especially in the areas of research, development, and manufacturing of advanced glass fiber composites. The expanding Glass Fiber Products market size in industries such as automotive, aerospace, and renewable energy presents investors with opportunities to capitalize on the growing demand for lightweight and durable materials. One key area is the development of glass fiber for electric vehicles, where high-performance and lightweight materials are critical to enhancing battery efficiency and vehicle range, offering a promising avenue for market growth.

Moreover, investors can explore opportunities in the automotive aftermarket, where demand for replacement and upgrade parts is steadily rising. The trend toward the use of smart and eco-friendly materials also opens avenues for innovation, particularly in integrating glass fiber with recyclable and sustainable components. Additionally, expanding manufacturing capabilities in emerging markets like Asia-Pacific and Latin America provides a strategic opportunity for companies to tap into regions experiencing rapid industrial growth, thereby increasing their market share. Collaborations with automotive OEMs, construction companies, and wind energy developers are also lucrative avenues for investment, creating new revenue streams in the industry.

Leading Players of the Glass Fiber Products Market

Glass Fiber Products market is characterized by the presence of several leading players, each contributing to market growth through innovation and strategic operations. Owens Corning is a dominant player known for its advanced glass fiber products used in construction, automotive, and energy sectors. Another key player, Johns Manville, a subsidiary of Berkshire Hathaway, provides insulation materials and advanced glass fiber products, playing a crucial role in the building and automotive industries. Saint-Gobain, with its strong foothold in the global glass fiber market, offers solutions for industrial applications, including reinforcement and insulation products.

Meanwhile, Jushi Group is a significant player in the Chinese market, leading in glass fiber production and contributing to the Glass Fiber Products market share expansion globally. China National Glass Industrial Group is another prominent manufacturer, particularly focused on the development of glass fibers for wind energy and construction applications. These companies, along with smaller players specializing in niche markets, continue to drive the industry forward with cutting-edge technology and a diverse range of products.

Government Regulations Introduced in the Glass Fiber Products Market

The market operates within a strict regulatory framework that ensures safety, sustainability, and environmental protection. One key regulation is the REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) regulation in the European Union, which mandates manufacturers to disclose the chemical composition of glass fibers and ensures they meet safety standards. The Glass Fiber Products market growth is also influenced by the Energy Efficiency Directive, which encourages the adoption of materials like glass fiber that contribute to improved insulation and energy conservation in buildings.

Additionally, the International Maritime Organization (IMO) has set regulations regarding the use of glass fibers in shipbuilding to enhance vessel durability and fuel efficiency. In the U.S., the Clean Air Act and other environmental regulations impact the manufacturing processes for glass fiber products, requiring companies to adopt sustainable practices that minimize emissions. Compliance with these and other global standards is crucial for maintaining competitiveness in the industry, ensuring that manufacturers adhere to environmental sustainability and safety protocols.

Future Insights of the Glass Fiber Products Market

The market is poised for substantial growth, driven by evolving trends in lightweight materials and sustainable manufacturing. As demand for electric vehicles rises, the need for specialized glass fiber products tailored to these vehicles’ performance requirements is expected to increase, enhancing market growth. The integration of advanced technologies such as smart sensors and composites will also redefine the applications of glass fibers, particularly in automotive, construction, and aerospace industries.

Moreover, with increasing focus on renewable energy, the wind turbine sector will continue to be a significant driver for the market size, creating opportunities for new innovations. The market is expected to see heightened investment in research and development, leading to the creation of more durable, eco-friendly glass fiber products. In addition, the adoption of automation in manufacturing processes will lower production costs and increase efficiency. These advancements, coupled with a rising shift towards sustainable materials, will propel the Glass Fiber Products industry forward, ensuring steady market expansion in the coming years.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories. 

Marine to Dominate the Market - By Application

According to Vasudha, Senior Research Analyst, 6wresearch, Marine applications are experiencing significant growth in the glass fiber products market. This is due to the increasing demand for lightweight, durable materials for boats and ships. Glass fiber offers superior strength and corrosion resistance, making it ideal for marine construction.

Pultrusion to Dominate the Market - By Manufacturing Process

Pultrusion is growing in the glass fiber products market due to its ability to produce continuous, high-strength profiles. This process is cost-effective and allows for the creation of complex shapes. It is widely used in industries like construction and transportation for structural components.

Multi-End Roving to dominate the market – By Product Type

Multi-End Roving is experiencing growth in the glass fiber products market as it offers high tensile strength and is used in demanding applications. Its versatility makes it ideal for use in a variety of products, including automotive parts and composites. Increased demand for reinforced composites is boosting its market presence.

Asia Pacific to dominate the market – By Regions

Asia Pacific is a rapidly growing region for the glass fiber products market. The region is seeing substantial industrial expansion, particularly in automotive, construction, and infrastructure. Increased demand for cost-effective, high-performance materials is driving this growth.

Key Attractiveness of the Report

  • 7 Years of Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Global Glass Fiber Products Market Outlook
  • Global Glass Fiber Products Market Overview
  • Global Glass Fiber Products Market Forecast
  • Historical Data for the period 2020-2023 and Market Forecast of Global Glass Fiber Products Market Revenues until 2030
  • Historical Data for the period 2020-2023 and Market Forecast of the market until 2030, By Application
  • Historical Data for the period 2020-2023 and Market Forecast of the market until 2030, By Manufacturing Process
  • Historical Data for the period 2020-2023 and Market Forecast of the market until 2030, By Product Type
  • Historical Data for the period 2020-2023 and Market Forecast of the market until 2030, By Regions
  • Historical Data for the period 2020-2023 and Market Forecast until 2030 for Europe Glass Fiber Products Market
  • Historical Data for the period 2020-2023 and Market Forecast until 2030 for Latin America Glass Fiber Products Market
  • Historical Data for the period 2020-2023 and Market Forecast until 2030 for Middle East Glass Fiber Products Market
  • Historical Data for the period 2020-2023 and Market Forecast until 2030 for Africa Glass Fiber Products Market
  • Historical Data for the period 2020-2023 and Market Forecast until 2030 for North America Glass Fiber Products Market
  • Historical Data for the period 2020-2023 and Market Forecast until 2030 for Asia Pacific Glass Fiber Products Market
  • Market Drivers and Restraints
  • Global Glass Fiber Products Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Global Glass Fiber Products Market Share, By Players
  • Competitive Benchmarking

Market Covered

The market report has been segmented and sub segmented into the following categories

By Application

  • Marine
  • Construction
  • Pipe & Tank
  • Transportation
  • Aerospace
  • Electrical & Electronics
  • Consumer Goods
  • Others

By Manufacturing Process

  • Spray-Up
  • Hand Lay-Up
  • Pultrusion
  • Prepreg Lay-Up
  • Injection Molding
  • Resin Infusion
  • Compression Molding
  • Others

By Product Type

  • Multi-End Roving
  • Single-End Roving
  • CSM
  • CFM
  • CS
  • Fabrics
  • Woven Roving
  • Others

By Regions

  • Europe
  • Latin America
  • Middle East
  • Africa
  • Asia Pacific
  • North America
Global Glass Fiber Products Market (2024-2030): FAQs
The growth of the Glass Fiber Products Market is driven by the rising demand for lightweight, high-strength materials in diverse applications.
Glass Fiber Products Market faces challenges such as high production costs and the environmental impact of disposal and recycling of glass fiber materials.
Major players include Owens Corning, Johns Manville (a subsidiary of Berkshire Hathaway), Saint-Gobain, Jushi Group, and China National Glass Industrial Group.
Government regulations, such as REACH in the European Union, and environmental standards like the Clean Air Act in the U.S., are impacting the production processes of glass fiber products.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1. Key Highlights of the Report
2.2. Report Description
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. Global Glass Fiber Products Market Overview
3.1. Global Glass Fiber Products Market Revenues, 2020 & 2030F
3.2. Global Glass Fiber Products Market - Industry Life Cycle
3.3. Global Glass Fiber Products Market - Porter's Five Forces
3.4. Global Glass Fiber Products Market Revenue Share, By Manufacturing Process, 2020 & 2030F
3.5. Global Glass Fiber Products Market Revenue Share, By Application, 2020 & 2030F
3.6. Global Glass Fiber Products Market Revenue Share, By Product Type, 2020 & 2030F
3.7. Global Glass Fiber Products Market Revenue Share, By Regions, 2020 & 2030F
4. Global Glass Fiber Products Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. Global Glass Fiber Products Market Trends
6. Global Glass Fiber Products Market, By Manufacturing Process
6.1. Global Glass Fiber Products Market, By Manufacturing Process
6.1.1. Overview and Analysis
6.1.2. Global Glass Fiber Products Market Revenues, By Hand Lay-up, 2020 - 2030F
6.1.3. Global Glass Fiber Products Market Revenues, By Spray Lay-up, 2020 - 2030F
6.1.4. Global Glass Fiber Products Market Revenues, By Pultrusion, 2020 - 2030F
6.1.5. Global Glass Fiber Products Market Revenues, By Prepreg Lay-up, 2020 - 2030F
6.1.6. Global Glass Fiber Products Market Revenues, By Injection Molding, 2020 - 2030F
6.1.7. Global Glass Fiber Products Market Revenues, By Resin Infusion, 2020 - 2030F
6.1.8. Global Glass Fiber Products Market Revenues, By Compression Molding, 2020 - 2030F
6.1.9. Global Glass Fiber Products Market Revenues, By Others, 2020 - 2030F
7. Global Glass Fiber Products Market, By Application
7.1. Global Glass Fiber Products Market, By Application
7.1.1. Overview and Analysis
7.1.2. Global Glass Fiber Products Market Revenues, By Transportaion, 2020 - 2030F
7.1.3. Global Glass Fiber Products Market Revenues, By Marine, 2020 - 2030F
7.1.4. Global Glass Fiber Products Market Revenues, By Pipe & Tank, 2020 - 2030F
7.1.5. Global Glass Fiber Products Market Revenues, By Construction, 2020 - 2030F
7.1.6. Global Glass Fiber Products Market Revenues, By Aerospace, 2020 - 2030F
7.1.7. Global Glass Fiber Products Market Revenues, By Electrical & Electronics, 2020 - 2030F
7.1.8. Global Glass Fiber Products Market Revenues, By Consumer Goods, 2020 - 2030F
7.1.9. Global Glass Fiber Products Market Revenues, By Others, 2020 - 2030F
8. Global Glass Fiber Products Market, By Product Type
8.1. Global Glass Fiber Products Market, By Product Type
8.1.1. Overview and Analysis
8.1.2. Global Glass Fiber Products Market Revenues, By Multi-end Roving, 2020 - 2030F
8.1.3. Global Glass Fiber Products Market Revenues, By Single-end Roving, 2020 - 2030F
8.1.4. Global Glass Fiber Products Market Revenues, By CSM, 2020 - 2030F
8.1.5. Global Glass Fiber Products Market Revenues, By CFM, 2020 - 2030F
8.1.6. Global Glass Fiber Products Market Revenues, By CS, 2020 - 2030F
8.1.7. Global Glass Fiber Products Market Revenues, By Woven Roving, 2020 - 2030F
8.1.8. Global Glass Fiber Products Market Revenues, By Fabrics, 2020 - 2030F
8.1.9. Global Glass Fiber Products Market Revenues, By Others, 2020 - 2030F
9. Latin America Glass Fiber Products Market
9.1. Latin America Glass Fiber Products Market, By Manufacturing Process
9.2. Latin America Glass Fiber Products Market, By Application
9.3. Latin America Glass Fiber Products Market, By Product Type
9.4. Latin America Glass Fiber Products Market, By Countries
10. North America Glass Fiber Products Market
10.1. North America Glass Fiber Products Market, By Manufacturing Process
10.2. North America Glass Fiber Products Market, By Application
10.3. North America Glass Fiber Products Market, By Product Type
10.4. North America Glass Fiber Products Market, By Countries
11. Middle East Glass Fiber Products Market
11.1. Middle East Glass Fiber Products Market, By Manufacturing Process
11.2. Middle East Glass Fiber Products Market, By Application
11.3. Middle East Glass Fiber Products Market, By Product Type
11.4. Middle East Glass Fiber Products Market, By Countries
12. Europe Glass Fiber Products Market
12.1. Europe Glass Fiber Products Market, By Manufacturing Process
12.2. Europe Glass Fiber Products Market, By Application
12.3. Europe Glass Fiber Products Market, By Product Type
12.4. Europe Glass Fiber Products Market, By Countries
13. Africa Glass Fiber Products Market
13.1. Africa Glass Fiber Products Market, By Manufacturing Process
13.2. Africa Glass Fiber Products Market, By Application
13.3. Africa Glass Fiber Products Market, By Product Type
13.4. Africa Glass Fiber Products Market, By Countries
14. Asia Pacific Glass Fiber Products Market
14.1. Asia Pacific Glass Fiber Products Market, By Manufacturing Process
14.2. Asia Pacific Glass Fiber Products Market, By Application
14.3. Asia Pacific Glass Fiber Products Market, By Product Type
14.4. Asia Pacific Glass Fiber Products Market, By Countries
16. Global Glass Fiber Products Market Key Performance Indicators
17. Global Glass Fiber Products Market - Opportunity Assessment
17.1. Global Glass Fiber Products Market Opportunity Assessment, By Application, 2020 & 2030F
17.2. Global Glass Fiber Products Market Opportunity Assessment, By Manufacturing Process, 2020 & 2030F
18. Global Glass Fiber Products Market - Competitive Landscape
18.1. Global Glass Fiber Products Market Revenue Share, By Companies, 2023
18.2. Global Glass Fiber Products Market Competitive Benchmarking, By Operating and Technical Parameters
19. Company Profiles
20. Recommendations
21. Disclaimer
Pricing
  • Single User License
    $ 4,560
  • Department License
    $ 5,055
  • Site License
    $ 5,595
  • Global License
    $ 6,000
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All