Fiberglass Market
Fiberglass Market Forecasts to 2032 - Global Analysis By Glass Type (E-glass, S-glass, ECR-glass, C-glass, AR-glass, and Other Glass Types), Product Form, Resin Type, Application, End User, and By Geography
|
Years Covered |
2024-2032 |
|
Estimated Year Value (2025) |
US $35.08 BN |
|
Projected Year Value (2032) |
US $60.91 BN |
|
CAGR (2025-2032) |
8.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Fiberglass Market is accounted for $35.08 billion in 2025 and is expected to reach $60.91 billion by 2032 growing at a CAGR of 8.2% during the forecast period. Fine glass fibers are woven into a fabric or mat and mixed with a resin matrix to create fiberglass, a reinforced plastic material. It is robust, long-lasting, and resistant to chemicals, heat, and corrosion. Fiberglass is widely utilized in the automotive, construction, marine, and aerospace industries because it is robust and lightweight, making it perfect for protective coatings, structural elements, and insulation. Its adaptability facilitates a wide range of engineering and production applications.
According to the U.S. Geological Survey (USGS) Mineral Commodity Summaries 2024, fiberglass production is closely tied to the global supply of silica sand and glass fibers, which saw an increase in demand of approximately 4.5% year-over-year in 2023.
Market Dynamics:
Driver:
Increasing demand for insulation materials
The rising demand for insulation materials is a significant driver for the fiberglass market, propelled by the construction industry's focus on energy-efficient buildings and stringent regulations for thermal and acoustic insulation. Glass wool is widely used for its superior insulating properties in residential, commercial, and industrial applications, helping reduce energy consumption and costs. Furthermore, the growing awareness of sustainable construction practices and the need to comply with environmental standards are accelerating the adoption of fiberglass insulation materials, thereby fueling market expansion.
Restraint:
Volatility of raw material prices
The industry relies heavily on materials such as silica sand, limestone, and glass fibers, whose prices are subject to fluctuations due to supply chain disruptions, geopolitical tensions, and natural disasters. This unpredictability not only increases production costs but also creates uncertainty for manufacturers, impacting profit margins and making it challenging to maintain stable pricing. Additionally, such volatility complicates long-term planning and procurement strategies, especially in competitive and price-sensitive markets.
Opportunity:
Growing demand for electric vehicles
The growing demand for electric vehicles (EVs) presents a promising opportunity for the fiberglass market. As EV manufacturers seek lightweight yet strong materials to enhance battery efficiency and vehicle range, fiberglass composites are increasingly favored for their excellent strength-to-weight ratio and durability. Moreover, the global shift toward green mobility and stricter emission regulations are accelerating the adoption of fiberglass in automotive components, enabling manufacturers to produce lighter, more energy-efficient vehicles, which will significantly boost fiberglass consumption in the automotive sector in the coming years.
Threat:
Environmental and health concerns
The production and disposal of fiberglass involve energy-intensive processes and the use of chemicals, contributing to greenhouse gas emissions and environmental pollution. Additionally, fiberglass waste is challenging to recycle and can persist in landfills, raising sustainability issues. Health risks associated with handling fiberglass, such as skin and respiratory irritation, further complicate its usage. Moreover, tightening environmental regulations and the demand for eco-friendly alternatives may restrict market growth.
Covid-19 Impact:
The COVID-19 pandemic had a profound impact on the fiberglass market, leading to production stoppages, supply chain disruptions, and restricted availability of vehicle components. Manufacturing operations were significantly hampered due to lockdowns and labor shortages, causing delays and increased costs. However, as economies gradually reopened and industrial activities resumed, the market began to recover, supported by renewed investments in construction and automotive sectors. The pandemic also highlighted the importance of resilient supply chains and accelerated the adoption of advanced manufacturing processes to mitigate future disruptions.
The glass wool segment is expected to be the largest during the forecast period
The glass wool segment is expected to account for the largest market share during the forecast period. This dominance is attributed to its widespread use as a thermal and acoustic insulation material in the construction sector. Glass wool’s ability to provide effective insulation in residential, commercial, and industrial buildings aligns with the growing emphasis on energy efficiency and sustainability. Additionally, its versatility in indoor applications, such as under pitched roofs and within walls, makes it a preferred choice for builders and contractors, further driving its market leadership.
The composites segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the composites segment is predicted to witness the highest growth rate. This segment’s rapid expansion is driven by the increasing adoption of fiberglass composites in the automotive, aerospace, and wind energy industries, where their lightweightness, strength, and corrosion resistance offer significant performance advantages. Moreover, technological advancements in composite manufacturing and the push for sustainable, high-performance materials in emerging sectors like electric vehicles are accelerating demand.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share. The region’s dominance is fueled by rapid industrialization, urbanization, and substantial infrastructure development, particularly in countries like China and India. Strong demand from the construction, automotive, and wind energy sectors, combined with government initiatives promoting sustainable building practices, further supports market growth. Additionally, Asia Pacific benefits from a large manufacturing base, favorable policies, and ongoing investments in research and development, solidifying its position as the leading regional market.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. This significant growth is due to the expanding industrial activities, a burgeoning population, and increasing investments in infrastructure and renewable energy projects. Furthermore, the region’s proactive government policies, rising adoption of advanced manufacturing technologies, and the shift toward sustainable materials are driving accelerated growth.
Key players in the market
Some of the key players in Fiberglass Market include China Jushi Co., Ltd., Owens Corning, Saint-Gobain Vetrotex, Taishan Fiberglass Inc. (CTG Group), Chongqing Polycomp International Corp. (CPIC), Nippon Electric Glass Co., Ltd., 3B - The Fiberglass Company, Johns Manville, Asahi Fiber Glass Co., Ltd., Binani Industries Ltd. (Braj Binani Group), PFG Fiber Glass Corporation, Taiwan Glass Industry Corporation, Shandong Fiberglass Group Corp., LANXESS, PPG Industries, Inc., Knauf Insulation, Fibre Glast Developments Corp., and POLSER ?effaf Çat? Örtüleri San. ve Tic. A.?.
Key Developments:
In February 2025, China Jushi launched the construction for the second phase of its Huai'an Carbon-neutral Intelligent Manufacturing Base, featuring a 100,000-ton electronic glass fiber production line and a 500MW supporting facility for wind power generation.
In February 2025, Owens Corning a residential and commercial building products leader, and Praana Group, an India-based holding group that operates a diverse portfolio of companies primarily serving the industrial sector, announced today that they have signed a definitive agreement for the sale of Owens Corning’s glass reinforcements business to Praana Group (through its subsidiaries) at an enterprise value of $755,000,000. This sale is a part of Owens Corning’s strategic plan to reshape the company to focus on residential and commercial building products in North America and Europe.
In October 2024, PPG reached an agreement to sell its architectural coatings business in the U.S. and Canada to American Industrial Partners for $550 million. The sale is expected to close in late 2024 or early 2025.
Glass Types Covered:
• E-glass
• S-glass
• ECR-glass
• C-glass
• AR-glass
• Other Glass Types
Product Forms Covered:
• Glass Wool
• Direct Roving
• Assembled Roving
• Chopped Strand
• Yarn
• Fabrics
• Mats
• Milled Fibers
• Other Product Forms
Resin Types Covered:
• Thermoset Resin
• Thermoplastic Resin
Applications Covered:
• Composites
• Insulation
• Filtration
• Other Applications
End Users Covered:
• Construction & Infrastructure
• Automotive & Transportation
• Wind Energy
• Aerospace & Defense
• Electrical & Electronics
• Marine
• Consumer Goods
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fiberglass Market, By Glass Type
5.1 Introduction
5.2 E-glass
5.3 S-glass
5.4 ECR-glass
5.5 C-glass
5.6 AR-glass
5.7 Other Glass Types
6 Global Fiberglass Market, By Product Form
6.1 Introduction
6.2 Glass Wool
6.3 Direct Roving
6.4 Assembled Roving
6.5 Chopped Strand
6.6 Yarn
6.7 Fabrics
6.8 Mats
6.9 Milled Fibers
6.10 Other Product Forms
7 Global Fiberglass Market, By Resin Type
7.1 Introduction
7.2 Thermoset Resin
7.2.1 Polyester
7.2.2 Epoxy
7.2.3 Vinyl Ester
7.2.4 Other Thermoset Resins
7.3 Thermoplastic Resin
7.3.1 Polypropylene (PP)
7.3.2 Polyamide (PA)
7.3.3 Polycarbonate (PC)
7.3.4 Other Thermoplastic Resins
8 Global Fiberglass Market, By Application
8.1 Introduction
8.2 Composites
8.3 Insulation
8.4 Filtration
8.5 Other Applications
9 Global Fiberglass Market, By End User
9.1 Introduction
9.2 Construction & Infrastructure
9.3 Automotive & Transportation
9.4 Wind Energy
9.5 Aerospace & Defense
9.6 Electrical & Electronics
9.7 Marine
9.8 Consumer Goods
9.9 Other End Users
10 Global Fiberglass Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 China Jushi Co., Ltd.
12.2 Owens Corning
12.3 Saint-Gobain Vetrotex
12.4 Taishan Fiberglass Inc. (CTG Group)
12.5 Chongqing Polycomp International Corp. (CPIC)
12.6 Nippon Electric Glass Co., Ltd.
12.7 3B - The Fiberglass Company
12.8 Johns Manville
12.9 Asahi Fiber Glass Co., Ltd.
12.10 Binani Industries Ltd. (Braj Binani Group)
12.11 PFG Fiber Glass Corporation
12.12 Taiwan Glass Industry Corporation
12.13 Shandong Fiberglass Group Corp.
12.14 LANXESS
12.15 PPG Industries, Inc.
12.16 Knauf Insulation
12.17 Fibre Glast Developments Corp.
12.18 POLSER ?effaf Çat? Örtüleri San. ve Tic. A.?.
List of Tables
1 Global Fiberglass Market Outlook, By Region (2024-2032) ($MN)
2 Global Fiberglass Market Outlook, By Glass Type (2024-2032) ($MN)
3 Global Fiberglass Market Outlook, By E-glass (2024-2032) ($MN)
4 Global Fiberglass Market Outlook, By S-glass (2024-2032) ($MN)
5 Global Fiberglass Market Outlook, By ECR-glass (2024-2032) ($MN)
6 Global Fiberglass Market Outlook, By C-glass (2024-2032) ($MN)
7 Global Fiberglass Market Outlook, By AR-glass (2024-2032) ($MN)
8 Global Fiberglass Market Outlook, By Other Glass Types (2024-2032) ($MN)
9 Global Fiberglass Market Outlook, By Product Form (2024-2032) ($MN)
10 Global Fiberglass Market Outlook, By Glass Wool (2024-2032) ($MN)
11 Global Fiberglass Market Outlook, By Direct Roving (2024-2032) ($MN)
12 Global Fiberglass Market Outlook, By Assembled Roving (2024-2032) ($MN)
13 Global Fiberglass Market Outlook, By Chopped Strand (2024-2032) ($MN)
14 Global Fiberglass Market Outlook, By Yarn (2024-2032) ($MN)
15 Global Fiberglass Market Outlook, By Fabrics (2024-2032) ($MN)
16 Global Fiberglass Market Outlook, By Mats (2024-2032) ($MN)
17 Global Fiberglass Market Outlook, By Milled Fibers (2024-2032) ($MN)
18 Global Fiberglass Market Outlook, By Other Product Forms (2024-2032) ($MN)
19 Global Fiberglass Market Outlook, By Resin Type (2024-2032) ($MN)
20 Global Fiberglass Market Outlook, By Thermoset Resin (2024-2032) ($MN)
21 Global Fiberglass Market Outlook, By Polyester (2024-2032) ($MN)
22 Global Fiberglass Market Outlook, By Epoxy (2024-2032) ($MN)
23 Global Fiberglass Market Outlook, By Vinyl Ester (2024-2032) ($MN)
24 Global Fiberglass Market Outlook, By Other Thermoset Resins (2024-2032) ($MN)
25 Global Fiberglass Market Outlook, By Thermoplastic Resin (2024-2032) ($MN)
26 Global Fiberglass Market Outlook, By Polypropylene (PP) (2024-2032) ($MN)
27 Global Fiberglass Market Outlook, By Polyamide (PA) (2024-2032) ($MN)
28 Global Fiberglass Market Outlook, By Polycarbonate (PC) (2024-2032) ($MN)
29 Global Fiberglass Market Outlook, By Other Thermoplastic Resins (2024-2032) ($MN)
30 Global Fiberglass Market Outlook, By Application (2024-2032) ($MN)
31 Global Fiberglass Market Outlook, By Composites (2024-2032) ($MN)
32 Global Fiberglass Market Outlook, By Insulation (2024-2032) ($MN)
33 Global Fiberglass Market Outlook, By Filtration (2024-2032) ($MN)
34 Global Fiberglass Market Outlook, By Other Applications (2024-2032) ($MN)
35 Global Fiberglass Market Outlook, By End User (2024-2032) ($MN)
36 Global Fiberglass Market Outlook, By Construction & Infrastructure (2024-2032) ($MN)
37 Global Fiberglass Market Outlook, By Automotive & Transportation (2024-2032) ($MN)
38 Global Fiberglass Market Outlook, By Wind Energy (2024-2032) ($MN)
39 Global Fiberglass Market Outlook, By Aerospace & Defense (2024-2032) ($MN)
40 Global Fiberglass Market Outlook, By Electrical & Electronics (2024-2032) ($MN)
41 Global Fiberglass Market Outlook, By Marine (2024-2032) ($MN)
42 Global Fiberglass Market Outlook, By Consumer Goods (2024-2032) ($MN)
43 Global Fiberglass Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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