Lewes, Delaware, July 11, 2024 (GLOBE NEWSWIRE) -- The Global Fiberglass Market Size is projected to grow at a CAGR of 4.7% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 12.48 Billion in 2024 and is expected to reach USD 18.29 Billion by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=144373
Browse in-depth TOC on “Global Fiberglass Market Size”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
| REPORT ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Owens Corning (US), Saint-Gobain (France), Nippon Electric Glass (Japan), Jushi Group Co. Ltd. (China), 3B-The Fiberglass Company (Belgium), PPG Industries (US), Johns Manville, Taishan Fiberglass Inc. (CTG Group), Chongqing Polycomp International Corp. (CPIC). |
| SEGMENTS COVERED | By Type of Glass Fiber, By Product Forms, By Application Areas, By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Fiberglass Market Overview
High Strength-to-Weight Ratio: The fiberglass market is advantageous due to the material's remarkable strength-to-weight ratio, which makes it well-suited for industries such as automotive and aerospace that prioritize weight reduction without sacrificing strength. This demand is expected to greatly stimulate market expansion in the upcoming years.
Corrosion Resistance: The inherent corrosion resistance of fiberglass makes it a popular choice for construction and marine applications, where longevity and durability are of utmost importance. This attribute not only improves the longevity of the product but also decreases the expenses associated with maintenance, hence stimulating the growth of the market.
Versatility Across Industries: Fiberglass's versatility in other sectors, including as wind energy and sporting products, contributes to its rapid market expansion. The expansion and innovation of these industries will lead to an increased demand for versatile materials such as fiberglass, which will further drive the market's growth.
To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/download-sample?rid=144373
High Production Costs: The substantial expenses involved in fiberglass manufacture can restrict its acceptance, particularly for projects that prioritize cost efficiency. This economic obstacle can impede the process of entering and expanding in the market, especially in developing economies or in situations where the size of operations is limited.
Environmental Concerns: The manufacturing and disposal of fiberglass pose substantial environmental issues. The production process entails significant energy consumption and emissions, which could draw strict regulatory attention, thus impeding market expansion.
Competition from Alternative Materials: The fiberglass industry encounters intense competition from alternative materials such as carbon fiber and sophisticated composites. These materials frequently exhibit exceptional performance attributes, albeit at a greater expense, which presents a competitive challenge that may impede market growth.
Geographic Dominance:
The fiberglass market is predominantly controlled by the Asia-Pacific region due to its rapid industrialization, expanding building sectors, and growing demand for lightweight and durable materials in the automotive and wind energy industries. The economic expansion in this area, along with favorable government measures and expenditures in infrastructure, greatly enhances market demand. As a result, the dominance of the Asia-Pacific region promotes innovation, increases production capacity, and improves the growth prospects of the regional market.
Fiberglass Market Key Players Shaping the Future
Major players, including Owens Corning (US), Saint-Gobain (France), Nippon Electric Glass (Japan), Jushi Group Co. Ltd. (China), 3B-The Fiberglass Company (Belgium), PPG Industries (US), Johns Manville, Taishan Fiberglass Inc. (CTG Group), Chongqing Polycomp International Corp. (CPIC). and more, play a pivotal role in shaping the future of the Fiberglass Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Fiberglass Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Fiberglass Market into Type of Glass Fiber, Product Forms, Application Areas, And Geography.
To get market data, market insights, and a comprehensive analysis of the Global Fiberglass Market, please Contact Verified Market Research®.
- Fiberglass Market, by Type of Glass Fiber
- E-Glass
- S-Glass
- C-Glass
- AR-Glass (Alkali-Resistant Glass)
- Fiberglass Market, by Product Forms
- Roving
- Mat
- Fabric
- Yarn
- Fiberglass Market, by Application Areas
- Construction
- Automotive
- Aerospace
- Wind Energy
- Marine
- Electronics
- Sports and Leisure
- Others
- Fiberglass Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
Browse Related Reports:
Global Continuous Basalt Fiber Market Size By Product Type (Roving, Chopped Strands), By End-User (Construction, Automotive), By Processing Technology (Pultrusion, Vacuum Infusion), By Geography, And Forecast
Global Fiberglass Pipe Market Size By Type (GRP, GRE), By Fiber (T-Glass, E-Glass), By Application (Chemicals, Oil And Gas, And Sewage), By Geography, And Forecast
Global Steel Fiber Market Size By Type (Carbon Steel Fibers, Stainless Steel Fibers), By Application (Concrete Construction, Refractory Industries), By Geography, And Forecast
Global Composites Market Size By Type (Polymer Matrix Composites, Metal Matrix Composites, Ceramic Matrix Composites, Natural Fiber Composites, Hybrid Composites), Process (Layup Process, Injection Molding Process, Filament Winding Process, Pultrusion Process, Compression Molding Process, and Others), End-Use Industry (Aerospace & Defense, Automotive & Transportation, Electrical & Electronics, Building & Construction, Wind Energy, Marine), By Geography, And Forecast
Top Smart Glass Manufacturers working synergistically towards a sustainable future
Visualize Fiberglass Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.
With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.
VMR's domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.
Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR's dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.
