According to different chemical compositions and uses, glass fibers can be divided into E glass fibers, S glass fibers, C glass fibers and A glass fibers (acid glass) and other types. E glass fibers are mainly used for electrical insulation materials, building materials, etc. S glass fibers have high strength and impact resistance and are often used in aerospace, military industry and composite high-performance materials. C glass fibers (chemical grade glass) are mainly used for anti-corrosion applications such as chemical equipment and piping systems, and have good acid and alkali resistance. A glass fibers (acid glass) are mainly used in building materials such as cement and concrete to enhance their strength.
The global glass fiber market shows the characteristics of regional concentration. According to the analyst, China, North America and Europe are the main glass fiber production regions, accounting for more than 80% of global production. These regions dominate the global glass fiber market with their technological advantages, market demand and industrial cluster effects.
North America, Europe and Asia Pacific are the main consumer markets. According to the analyst, North America (especially the United States) is an important consumer market for glass fiber, with major applications including construction, automobiles and renewable energy. Europe is the world's third consumer of glass fiber, with major applications including construction, automobiles, aerospace and electronics. Asia Pacific is the world's largest consumer market for glass fiber and is expected to maintain the fastest growth rate in the next few years. Among them, with the development of infrastructure construction and manufacturing in Southeast Asia, the market demand for glass fiber is gradually expanding.
The demand for glass fiber in Vietnam is growing rapidly, mainly due to the continued development of its economy and the upgrading of its manufacturing industry. According to the analyst, glass fiber is widely used in Vietnam's construction, automobiles, electronics, wind energy and other fields. With the advancement of Vietnam's infrastructure construction and industrialization, the scale of Vietnam's glass fiber market continues to grow. At present, Vietnam's local production capacity of glass fiber is limited, so Vietnam's glass fiber market is still highly dependent on imports.
According to the data, Vietnam's imports of glass fiber and its products reached US$88 million in 2023, and the cumulative imports of glass fiber and its products reached about US$200 million in 2024. According to the analyst, the main import sources of glass fiber and its products in Vietnam include China, South Korea, Japan and other places. China is the main import source of glass fiber and its products in Vietnam. The top three countries and regions for Vietnam's imports of glass fiber and its products from 2021 to 2024 are China, South Korea and Japan. The main exporters of this product to Vietnam are some large glass fiber enterprises. The main importers of glass fiber and its products in Vietnam from 2021 to 2024 are mainly foreign-funded enterprises.
Overall, the Vietnamese glass fiber and its products market is showing a rapid growth trend. According to CRI's market research, although there are a small number of glass fiber manufacturers in Vietnam, the production scale is limited, so Vietnam's glass fiber and its products are highly dependent on imports. With the rapid development of Vietnam's glass fiber market, The publisher expects that Vietnam's glass fiber imports are expected to continue to grow in the next few years, especially in the automotive, construction and renewable energy sectors. The analyst recommends that glass fiber manufacturers and traders should investigate the Vietnamese market as soon as possible and prepare for the layout of the Vietnamese market.
Topics covered:
- The Import and Export of Glass Fiber in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Glass Fiber in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Glass Fiber in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Glass Fiber in Vietnam (January-November 2024)
- Average Import Price of Glass Fiber in Vietnam (2021-2024)
- Top 10 Sources of Glass Fiber Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Glass Fiber in Vietnam and Their Supply Volume
- Top 10 Importers of Glass Fiber in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Glass Fiber in Vietnam
- How Foreign Enterprises Enter the Glass Fiber Market of Vietnam
- Forecast for the Import of Glass Fiber in Vietnam (2025-2034)
Table of Contents
Companies Mentioned
- Yingkou Xilin Trading Co Ltd
- Hong Kong Comefly Trading Co Ltd
- Jushi Korea Co Ltd
- Ritar Power (Vietnam) Company Limitid
- Ri Jie Power Technology Co Ltd
- Tianye Outdoor (Vietnam) Co Ltd
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 220 Million |
| Forecasted Market Value ( USD | $ 518.75 Million |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
