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Fiberglass Market by Glass Type (E Glass, ECR Glass, H Glass, AR Glass, S Glass), Product Type (Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand), Application (Composites, Insulation), and Region - Global Forecasts to 2028

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    Report

  • 332 Pages
  • April 2023
  • Region: Global
  • Markets and Markets
  • ID: 5148319

The fiberglass market is projected to grow from USD 27.7 billion in 2022 to USD 44.3 billion by 2028, at a CAGR of 7.3% during the forecast period.

S-glass is a high-performance type of fiberglass that is known for its exceptional strength and stiffness. It is made by drawing glass fibers from a molten glass pool using a process called fiberization. S-glass is composed of a high percentage of silica and magnesium oxide, giving it superior properties to other fiberglass types. S-glass is a high-performance material that is used in applications where strength and stiffness are critical. As industries such as aerospace, defense, and automotive continue to demand high-performance materials, the demand for S-glass is expected to increase. S-glass is a lightweight material that can be used to produce composite materials that are strong and durable. As industries such as aerospace and automotive increasingly focus on lightweighting to improve fuel efficiency and reduce emissions, the use of S-glass is expected to increase

 In terms of value, construction & infrastructure end-use industry accounted for the largest share of the overall composite application

Fiberglass is used as a reinforcement material in concrete to improve its strength and durability. Fiberglass reinforcement is often preferred over steel reinforcement due to its lightweight and corrosion-resistant properties. Also, fiberglass insulation is commonly used in construction to provide thermal insulation and improve energy efficiency. It is a cost-effective solution that can be easily installed on walls, floors, and ceilings. Fiberglass is also used to construct pipes and tanks for various applications, such as water and wastewater treatment plants, chemical processing plants, and oil and gas facilities. Fiberglass pipes and tanks are lightweight, corrosion-resistant, and have a long service life. Fiberglass offers many advantages in the construction and infrastructure industry, including lightweight, durability, and corrosion resistance. As these industries continue to grow and face new challenges, the use of fiberglass is expected to increase.

In terms of value, the chopped strand product segment expected to register the highest CAGR during the forecast period

Based on product type, the chopped strand segment is expected to register the highest CAGR during the forecast period for the fiberglass market. Chopped strand fiberglass is a type of fiberglass reinforcement consisting of glass fibers cut into short lengths and then mixed with a resin to form a composite material. The demand for chopped strand fiberglass is primarily driven by its use as a reinforcement material in various end-use industries, such as automotive, aerospace, construction, and marine. As these industries continue to grow, the demand for chopped-strand fiberglass is also expected to increase. The growth of chopped strand fiberglass is closely tied to end-use industries’ growth, manufacturing process advancements, and regulatory requirements.

During the forecast period, the fiberglass market in North American region is projected to register the third-highest market share

The fiberglass market has been studied in North America, Europe, Asia Pacific, the Middle East, Africa, and South America. Asia Pacific accounted for the largest market share in 2022, whereas Europe accounted for the second-largest market share in 2022, followed by North America. The North American market will experience considerable growth in the next years because there has been an increasing demand for energy worldwide and North American region, which has driven the need for more efficient and durable fiberglass materials. Fiberglass can help achieve these goals by reducing weight, improving corrosion resistance, and enhancing performance. In terms of developments, the fiberglass industry is constantly evolving to meet changing market demands and regulatory requirements. For example, there is a growing demand for fiberglass products in North America that are more environmentally sustainable and can help reduce carbon emissions. This has led to the development of new fiberglass manufacturing processes and products, such as using recycled materials or producing lighter-weight materials that can improve fuel efficiency in vehicles. 

This study has been validated through primary interviews with industry experts globally.

These primary sources have been divided into the following three categories:

  • By Company Type- Tier 1- 60%, Tier 2- 20%, and Tier 3- 20%
  • By Designation- C Level- 33%, Director Level- 33%, and Others- 34%
  • By Region- North America- 20%, Europe- 25%, Asia Pacific (APAC) - 25%, South America-10%, Middle East & Africa (MEA)-20%

The report provides a comprehensive analysis of company profiles:

Prominent companies include China Jushi Co., Ltd. (China), Owens Corning (US), Saint-Gobain (France), Taishan Fiberglass Inc. (CTG Group) (China), Chongqing Polycomp International Corp. (CPIC) (China), Nippon Electric Glass Co., Ltd. (Japan), 3B-the fiberglass company (Belgium), among others. 

Research Coverage

This research report categorizes the fiberglass market by glass type (E Glass, ECR Glass, H Glass, AR Glass, S Glass), product type (glass wool, direct & assembled roving, yarn, chopped strand), application (composites, insulation) & region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the fiberglass market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the fiberglass market. Competitive analysis of upcoming startups in the fiberglass market ecosystem is covered in this report. 

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall fiberglass market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Growing demand from the construction industry, Increasing demand from the wind energy sector, Rising demand for lightweight materials), restraints (Volatility in raw material prices, Competition from alternative materials), opportunities (Growing demand from emerging economies), and challenges (Limited recycling options, Stringent regulations) influencing the growth of the fiberglass market
  •  Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the fiberglass market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the fiberglass market across varied regions 
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the fiberglass industry market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like China Jushi Co., Ltd. (China), Owens Corning (US), Saint-Gobain (France), Taishan Fiberglass Inc. (CTG Group) (China), Chongqing Polycomp International Corp. (CPIC) (China), Nippon Electric Glass Co., Ltd. (Japan), 3B-the fiberglass company (Belgium), among others in the fiberglass market
Frequently Asked Questions about the Global Fiberglass Market

What is the estimated value of the Global Fiberglass Market?

The Global Fiberglass Market was estimated to be valued at $27.7 Billion in 2022.

What is the growth rate of the Global Fiberglass Market?

The growth rate of the Global Fiberglass Market is 7.3%, with an estimated value of $44.3 Billion by 2028.

What is the forecasted size of the Global Fiberglass Market?

The Global Fiberglass Market is estimated to be worth $44.3 Billion by 2028.

Who are the key companies in the Global Fiberglass Market?

Key companies in the Global Fiberglass Market include 3B, The Fiberglass Company, Agy, Asahi Fiberglass Co. Ltd., Chongqing Polycomp International Corp. (Cpic), Johns Manville (A Berkshire Hathaway Company), Knauf Insulation, Nippon Electric Glass Co. Ltd., Ownes Corning and Pfg Fiber Glass Corporation (Kunshan).

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Impact of Recession

2 Research Methodology
2.1 Market Share Estimation
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.5 Recession Impact

3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Fiberglass Industry Market, 2023-2028
4.2 Fiberglass Industry Market, by Glass Type
4.3 Fiberglass Industry Market, by Product Type
4.4 Fiberglass Industry Market, by Application
4.5 Fiberglass Industry Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Fiberglass Industry Market, by Glass Type
5.2.2 Fiberglass Industry Market, by Product Type
5.2.3 Fiberglass Industry Market, by Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Challenges
5.4 Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Buyers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitutes
5.4.5 Degree of Competition
5.5 Key Stakeholders & Buying Criteria
5.5.1 Key Stakeholders in Buying Process
5.5.2 Buying Criteria
5.6 Supply Chain Analysis
5.7 Ecosystem: Fiberglass Market
5.8 Value Chain Analysis
5.9 Technology Analysis
5.10 Pricing Analysis
5.10.1 Average Selling Price of Key Players, by Application
5.10.2 Average Selling Price Trend
5.11 Trade Analysis
5.12 Patent Analysis
5.13 Key Conferences & Events in 2023-2024
5.14 Tariff and Regulatory Landscape
5.14.1 Regulatory Bodies, Government Agencies, and Other Organizations
5.14.2 Regulations in Fiberglass Market
5.15 Case Study Analysis
5.16 Trends and Disruptions Impacting Customers

6 Fiberglass Market, by Glass Type
6.1 E Glass
6.2 Ecr Glass
6.3 H Glass
6.5 Ar Glass
6.6 S Glass
6.4 Others (A Glass, C Glass, T Glass, Etc.)

7 Fiberglass Market, by Product Type
7.1 Glass Wool
7.2 Direct & Assembled Roving
7.3 Yarn
7.4 Chopped Strand
7.5 Others (Milled Fibers and Multiaxial Fabrics)

8 Fiberglass Market, by Application
8.1 Composites
8.1.1 Fiberglass Market Size in Composites, by End-Use Industry
8.1.1.1 Construction & Infrastructure
8.1.1.2 Automotive
8.1.1.3 Wind Energy
8.1.1.4 Electronics
8.1.1.5 Aerospace
8.1.1.6 Others (Marine, Oil & Gas, Water & Wastewater, Consumer Goods, Healthcare, and Agriculture Sectors)
8.2 Insulation
8.2.1 Fiberglass Market Size in Insulation, by End-Use Industry
8.2.1.1 Residential Construction
8.2.1.2 Non-Residential Construction
8.2.1.3 Industrial
8.2.1.4 Others (Heating, Ventilation, and Air Conditioning (HVAC) Systems, and Oem Insulations)

9 Fiberglass Market, by Region
9.1 Introduction
9.2 North America
9.2.1 Recession Impact in North America
9.2.2 Fiberglass Market Size in North America, by Glass Type
9.2.3 Fiberglass Market Size in North America, by Product Type
9.2.4 Fiberglass Composites Market Size in North America, by End-Use Industry
9.2.5 Fiberglass Insulation Market Size in North America, by End-Use Industry
9.2.6 Fiberglass Market Size in North America, by Country
9.2.6.1 Canada
9.2.6.1.1 Canada: Fiberglass Market, by Product Type
9.2.6.2 US
9.2.6.2.1 US: Fiberglass Market, by Product Type
9.2.6.3 Mexico
9.2.6.3.1 Mexico:Fiberglass Market, by Product Type
9.3 Europe
9.3.1 Recession Impact in Europe
9.3.2 Fiberglass Market Size in Europe, by Glass Type
9.3.3 Fiberglass Market Size in Europe, by Product Type
9.3.4 Fiberglass Composites Market Size in Europe, by End-Use Industry
9.3.5 Fiberglass Insulation Market Size in Europe, by End-Use Industry
9.3.6 Fiberglass Market Size in Europe, by Country
9.3.6.1 Germany
9.3.6.1.1 Germany: Fiberglass Market, by Product Type
9.3.6.2 France
9.3.6.2.1 France: Fiberglass Market, by Product Type
9.3.6.3 UK
9.3.6.3.1 UK: Fiberglass Market, by Product Type
9.3.6.4 Italy
9.3.6.4.1 Italy: Fiberglass Market, by Product Type
9.3.6.5 Russia
9.3.6.5.1 Russia: Fiberglass Market, by Product Type
9.3.6.6 Spain
9.3.6.6.1 Spain: Fiberglass Market, by Product Type
9.3.6.7 Rest of Europe
9.3.6.7.1 Rest of Europe: Fiberglass Market, by Product Type
9.4 Asia-Pacific
9.4.1 Recession Impact in Asia-Pacific
9.4.2 Fiberglass Market Size in Asia-Pacific, by Glass Type
9.4.3 Fiberglass Market Size in Asia-Pacific, by Product Type
9.4.4 Fiberglass Composites Market Size in Asia-Pacific, by End-Use Industry
9.4.5 Fiberglass Insulation Market Size in Asia-Pacific, by End-Use Industry
9.4.6 Fiberglass Market Size in Asia-Pacific, by Country
9.4.6.1 China
9.4.6.1.1 China: Fiberglass Market, by Product Type
9.4.6.2 Japan
9.4.6.2.1 Japan: Fiberglass Market, by Product Type
9.4.6.3 India
9.4.6.3.1 India: Fiberglass Market, by Product Type
9.4.6.4 South Korea
9.4.6.4.1 South Korea: Fiberglass Market, by Product Type
9.4.6.5 Indonesia
9.4.6.5.1 Indonesia: Fiberglass Market, by Product Type
9.4.6.6 Australia
9.4.6.6.1 Australia: Fiberglass Market, by Product Type
9.4.6.7 Malaysia
9.4.6.7.1 Malaysia: Fiberglass Market, by Product Type
9.4.6.8 Rest of Asia-Pacific
9.4.6.8.1 Rest of Asia-Pacific: Fiberglass Market, by Product Type
9.5 Latin America
9.5.1 Recession Impact in Latin America
9.5.2 Fiberglass Market Size in Latin America, by Glass Type
9.5.3 Fiberglass Market Size in Latin America, by Product Type
9.5.4 Fiberglass Composites Market Size in Latin America, by End-Use Industry
9.5.5 Fiberglass Insulation Market Size in Latin America, by End-Use Industry
9.5.6 Fiberglass Market Size in Latin America, by Country
9.5.6.1 Brazil
9.5.6.1.1 Brazil: Fiberglass Market, by Product Type
9.5.6.2 Argentina
9.5.6.2.1 Argentina: Fiberglass Market, by Product Type
9.5.6.3 Colombia
9.5.6.3.1 Colombia: Fiberglass Market, by Product Type
9.5.6.4 Rest of Latin America
9.5.6.4.1 Rest of Latin America: Fiberglass Market, by Product Type
9.6 Middle East & Africa
9.6.1 Recession Impact in Middle East & Africa
9.6.2 Fiberglass Market Size in Middle East & Africa, by Glass Type
9.6.3 Fiberglass Market Size in Middle East & Africa, by Product Type
9.6.4 Fiberglass Composites Market Size in Middle East & Africa, by End-Use Industry
9.6.5 Fiberglass Insulation Market Size in Middle East & Africa, by End-Use Industry
9.6.6 Fiberglass Market Size in Middle East & Africa, by Country
9.6.6.1 Saudi Arabia
9.6.6.1.1 Saudi Arabia: Fiberglass Market, by Product Type
9.6.6.2 UAE
9.6.6.2.1 UAE: Fiberglass Market, by Product Type
9.6.6.3 Egypt
9.6.6.3.1 Egypt: Fiberglass Market, by Product Type
9.6.6.4 Rest of Middle East & Africa
9.6.6.3.1 Rest of Middle East & Africa: Fiberglass Market, by Product Type

10 Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Market Ranking
10.4 Market Evaluation Framework
10.4.1 Product Launches and Developments
10.4.2 Expansions
10.4.3 Contracts and Agreements
10.4.4 Mergers & Acquisitions
10.5 Revenue Analysis of Top Market Players
10.6 Company Evaluation Matrix
10.6.1 Star
10.6.2 Emerging Leaders
10.6.3 Pervasive
10.6.4 Participants
11.7 Competitive Benchmarking of Key Startups/ Smes
11.8 Small and Medium-Sized Enterprises (Sme) Evaluation Matrix
11.8.1 Progressive Companies
11.8.2 Responsive Companies
11.8.3 Dynamic Companies
11.8.4 Starting Block

11 Company Profiles
* (Business Overview, Products Mix, Recent Developments, SWOT Analysis, Analyst's View)
11.1 China Jushi Co. Ltd.
11.2 Ownes Corning
11.3 Saint-Gobain
11.4 Taishan Fiberglass Inc. (Ctg Group)
11.5 Chongqing Polycomp International Corp. (Cpic)
11.6 Nippon Electric Glass Co. Ltd.
11.7 3B-The Fiberglass Company
11.8 Taiwan Glass Ind., Corp.
11.9 Pfg Fiber Glass Corporation (Kunshan)
11.10 Johns Manville (A Berkshire Hathaway Company)
11.11 Asahi Fiberglass Co. Ltd.
11.12 Knauf Insulation
11.13 Agy
11.14 Other Companies

*Details Might Not be Captured in Case of Unlisted Companies.
Note: this is the Tentative List, We Will Provide You the Company Profiles of Major Companies in this Market.

12 Appendix

Executive Summary

Companies Mentioned

  • 3B-The Fiberglass Company
  • Agy
  • Asahi Fiberglass Co. Ltd.
  • Chongqing Polycomp International Corp. (Cpic)
  • Johns Manville (A Berkshire Hathaway Company)
  • Knauf Insulation
  • Nippon Electric Glass Co. Ltd.
  • Ownes Corning
  • Pfg Fiber Glass Corporation (Kunshan)
  • Saint-Gobain
  • Taishan Fiberglass Inc. (Ctg Group)
  • Taiwan Glass Ind., Corp.

Methodology

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