India Fiberglass Market By Type, By Resin, By Application, Competition, Forecast & Opportunities, 2024

"India Fiberglass Market By Type (Glass Wool, Direct & Assembled Roving, Yarn, Chopped Strand & Others), By Resin (Thermoset Resins & Thermoplastic Resins), By Application (Construction & Infrastructure, Automotive & Others), Competition, Forecast & Opportunities, 2024"

The Indian fiberglass market was valued at $779 million in 2018 and is projected to grow at a CAGR of more than 8% to reach $1.2 billion by 2024. Anticipated growth in the market can be attributed to the extensive use of fiberglass in the construction industry. Fiberglass refers to a strong, lightweight material that consists of thin fibers of glass that can be transformed into a woven layer or used as reinforcement. Fiberglass is less strong and stiffer than carbon fiber-based composites, but less brittle and cheaper. Increasing use of fiberglass for the manufacturing of automobile and aircraft body parts, owing to its high strength and lightweight properties is anticipated to drive the market growth. Though the fiberglass market in India is witnessing a healthy growth landscape, health related issues and unstable prices of raw materials are likely to hinder the market growth.

In terms of type, the Indian fiberglass market has been categorized into glass wool, direct & assembled roving, yarn, chopped strand and others. Of these categories, the glass wool and chopped strand segments are expected to grow at a healthy rate during the forecast period, backed by growing automobile production in the country. Chopped strands are used to provide reinforcements in the automotive industry.

The Indian fiberglass market is oligopolistic in nature with the presence of both global and local players. A large number of players have embraced new technologies for manufacturing the products as per client prerequisites. The players are investing heavily in the R&D to introduce innovative products in the market. Some of the leading players in the Indian fiberglass market are Saint-Gobain India Private Limited, Goa Glass Fibre Limited, U.P. Twiga Fiber Glass Ltd., Owens Corning, among others.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast the Indian fiberglass market size.


• To forecast the Indian fiberglass market based on type, resin, application and regional distribution.


• To identify drivers and challenges for the Indian fiberglass market.


• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian fiberglass market.


• To conduct the pricing analysis for the Indian fiberglass market.


• To identify and analyze the profile of leading players operating in the Indian fiberglass market.

Some of the leading players in the country’s fiberglass market are Saint-Gobain India Private Limited, Goa Glass Fibre Limited, Jushi India Pvt. Ltd., U.P. Twiga Fiber Glass Ltd., Owens Corning, JR Fibreglass Industries Pvt. Ltd., Montex Glass Fibre Industries Private Limited, Ventura Fibre, Glassfibre & Allied Industries, etc.

The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of manufacturers across the globe. Subsequently, the author conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.

The author calculated the Indian fiberglass market size by using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Fiberglass manufacturers


• Fiberglass distributors and providers


• Organizations, forums and alliances related to fiberglass

Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end-users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, the Indian fiberglass market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Type

• Glass Wool


• Direct & Assembled Roving


• Yarn


• Chopped Strand


• Others

Market, by Resin

• Thermoset Resins


• Thermoplastic Resins

Market, by Application

• Construction & Infrastructure


• Automotive


• Wind Energy


• Electronics


• Aerospace & Defense


• Marine


• Others

Market, by Region

• North


• West


• South


• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in the Indian fiberglass market.

Available Customizations

With the given market data, the author offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

*Note - Custom Research License:

10% specific customization is available free of any additional cost, for both the single user and enterprise license, as above. However, alternatively, if you are looking for additional content data or insight related to the scope of the report, you may purchase the new “Custom Research License”. Please enquire for pricing.

The custom research will be delivered in printable PDF format along with the report’s data excel sheet. This license offers 80 analyst hours. It is strongly recommended for an organization which wants to execute short ‘bespoke’ research projects related to the scope of the purchased report.

Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.