Fiberglass Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Fiberglass Market is anticipated to expand from USD 16.96 billion in 2025 to USD 26.41 billion by 2031 compound annual growth rate of 7.66%. Fiberglass, a reinforced plastic formed by embedding glass fibers within a resin matrix, is valued for its exceptional strength, lightweight nature, and resistance to corrosion. This market growth is largely underpinned by the automotive industry's requirement for lightweight components to improve fuel efficiency and the construction sector's need for robust infrastructure materials. Additionally, the renewable energy industry acts as a vital catalyst, specifically through the manufacturing of wind turbine blades. As reported by the AVK in 2024, the volume of the global composites market - which is predominantly comprised of glass fiber reinforced systems - reached 13.5 million tonnes.

However, despite these positive indicators, the industry confronts significant hurdles related to the disposal and recycling of products at the end of their lifecycle. The complex technical process required to separate glass fibers from the polymer matrix renders sustainable waste management difficult, resulting in environmental compliance challenges that could limit the market's future expansion capabilities.

Market Drivers

The rapid increase in wind energy installations and turbine capacities acts as a primary catalyst for the global fiberglass market. As countries fast-track their shift to renewable power, the production of wind turbine blades, which depend extensively on glass fiber reinforced polymers, has surged. This need is especially pronounced for longer blades, where resistance to corrosion and material durability are essential for preserving structural stability under significant stress. Recent data highlights this growth; the Global Wind Energy Council's 'Global Wind Report' from April 2025 indicates that the wind sector established a record-breaking 117 GW of new global capacity in 2024.

Concurrently, the rising use of lightweight materials within the automotive industry is transforming the consumption of composites. Automakers are progressively substituting traditional metal parts with fiberglass composites to improve fuel economy in internal combustion engines and increase the driving range of electric vehicles. This shift encompasses not just cosmetic elements but also semi-structural parts and battery housings. As per the American Composites Manufacturers Association's '2025 State of the Industry Report' released in March 2025, the global market for light vehicle composites hit 4.9 billion pounds in 2024. Reflecting the immense scale of this industrial requirement, the same association noted in 2025 that total global demand for glass fiber climbed to 16.8 billion pounds in the preceding year.

Market Challenges

A major constraint on the Global Fiberglass Market is the technical complexity involved in recycling and disposing of products once they reach the end of their service life. In contrast to thermoplastics, the thermoset resins typically utilized in fiberglass manufacturing experience chemical cross-linking during the curing phase, making them impossible to remelt or reprocess simply. This fundamental material property results in a difficult separation process, as isolating clean glass fibers from the polymer matrix is both economically inefficient and energy-intensive. As a result, the sector faces difficulties in adhering to stricter circular economy requirements, incurring increased operational expenses related to landfill taxes and hazardous waste management.

The continuous buildup of composite waste greatly intensifies these regulatory burdens, posing a threat to investment and production capabilities. The magnitude of this issue highlights the critical need for effective waste management strategies. For instance, the AVK reported that the total production volume of fiber-reinforced plastics within the European market alone reached roughly 2.4 million tonnes in 2024. With enormous amounts of material entering the market each year lacking proven end-of-life resolutions, manufacturers are at risk of facing financial fines and regulatory limits that could directly impede the industry's long-term growth potential.

Market Trends

The swift rollout of 5G networks is significantly reshaping the material specifications for antenna substrates and printed circuit boards, fueling a targeted demand for low-dielectric glass fibers. Distinct from standard E-glass, these specialized fiber compositions offer a reduced dissipation factor and dielectric constant, which are critical for decreasing power loss and signal latency in high-frequency millimeter-wave bands. Producers are actively broadening their electronic-grade glass fabric offerings to facilitate the increase in high-speed connected devices and the densification of base stations. This strategic shift toward high-performance electronic materials is evident in major financial outcomes; for example, China Jushi Co., Ltd. announced a total revenue of CNY 15.86 billion in its '2024 Annual Report' released in March 2025, highlighting its ongoing market engagement and dedication to refining its product mix for high-tech uses.

At the same time, the sector is hastening its move toward a circular economy to lessen the environmental footprint of composite waste, especially regarding decommissioned wind turbine blades. Industry participants are progressing past landfill disposal by adopting sophisticated recycling methods, including chemical solvolysis and cement kiln co-processing, to reclaim valuable resins and glass fibers for reuse in new manufacturing loops. This trend is defined by strict waste reduction goals and the creation of closed-loop production systems. As stated in Owens Corning's '2024 Sustainability Report' from April 2025, the corporation lowered its total waste output by 64,676 metric tons in 2024 relative to the prior year, illustrating a measurable pledge to enhancing manufacturing efficiency and reducing the industrial impact of fiberglass production.

Key Players Profiled in the Fiberglass Market

• 3B - the fibreglass company
• Owens Corning
• Johns Manville
• Nippon Electric Glass Co., Ltd.
• Saint-Gobain Group
• China Jushi Co., Ltd.
• Asahi Fiber Glass Co., Ltd.
• CertainTeed Corporation
• Taishan Fiberglass Inc.
• PFG Fiber Glass Corporation

Report Scope

In this report, the Global Fiberglass Market has been segmented into the following categories:

Fiberglass Market, by Type:

• Glass Wool
• Direct & Assembled Roving
• Yarn
• Chopped Strand
• Others

Fiberglass Market, by Glass Fiber Type:

• E-Glass
• A-Glass
• S-Glass
• AR-Glass
• C- Glass
• R-Glass
• Others

Fiberglass Market, by Resin:

• Thermoset Resins
• Thermoplastic Resins

Fiberglass Market, by Application:

• Composites
• Glass Wool Insulation

Fiberglass Market, by End User Industry:

• Construction & Infrastructure
• Automotive
• Wind Energy
• Electronics
• Aerospace & Defense
• Others

Fiberglass Market, by Region:

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

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Fiberglass Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

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

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