Fiber Glass Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Glass Type (E-Glass, ECR-Glass, H-Glass, AR-Glass, S-Glass), By Product Type (Glass Wool, Direct & Assembled Roving, Yarn, Chopped Strand), By Application (Composites, Insulation), By Region, Competition, 2018-2028

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 15.64 Billion

CAGR (2023-2028)

3.85%

Fastest Growing Segment

Chopped Strand

Largest Market

Asia Pacific


Market Overview

Global Fiber Glass market was valued at USD 15.64 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.85% through 2028, owing to the market is expanding significantly as a result of a significant expansion in the use of fiber glass in the construction, transportation, and automotive industries.

Key Market Drivers

Construction and Infrastructure Development will help in Fiber Glass Market growth.

Construction and infrastructure development have long been significant drivers of the global fiberglass market, and this trend is expected to continue and even intensify in the coming years. Fiberglass, with its remarkable properties, is an essential material in various construction applications, contributing to the structural integrity, energy efficiency, and longevity of buildings and infrastructure. One of the primary factors propelling the demand for fiberglass in construction is its exceptional strength-to-weight ratio. This characteristic makes fiberglass-reinforced materials an ideal choice for reinforcing concrete structures, such as bridges, buildings, and tunnels. Fiberglass rebar, for instance, provides a durable alternative to traditional steel reinforcement, as it is corrosion-resistant, lightweight, and non-conductive. As a result, it prolongs the life of infrastructure and minimizes maintenance costs.

Fiberglass is also a key player in the insulation sector. Its excellent thermal and acoustic insulation properties make it an attractive choice for residential, commercial, and industrial buildings. As energy efficiency becomes a growing concern in construction, fiberglass insulation helps meet stringent building codes and energy standards, reducing heating and cooling costs and minimizing a structure's carbon footprint. Moreover, fiberglass roofing and cladding systems are widely used for their durability, weather resistance, and low maintenance requirements. These materials protect buildings from environmental elements, extending their lifespan and reducing the need for frequent repairs or replacements.

As urbanization continues to surge globally, the demand for affordable and sustainable housing solutions rises, further driving the fiberglass market. Prefabricated fiberglass components offer cost-effective, lightweight, and easily transportable building solutions, especially in regions with rapid population growth and housing shortages. Furthermore, the construction industry is increasingly embracing sustainable building practices, such as LEED certification and green building initiatives. Fiberglass, as a recyclable material with a lower environmental impact during production compared to alternatives, aligns well with these sustainability goals. In summary, the construction and infrastructure development sector is a cornerstone of the global fiberglass market. Fiberglass's versatility, strength, durability, and sustainability attributes position it as a favored material for modern construction projects. As the world continues to build and renovate its infrastructure, the demand for fiberglass in this sector is poised for sustained growth.

Automotive Industry Have Played a Crucial Role in The Growth of The Fiber Glass Market

The automotive industry plays a pivotal role in driving the global fiberglass market, with its influence extending across various segments within the sector. Fiberglass, with its unique properties and versatility, has become an essential component in modern vehicle manufacturing, contributing significantly to the industry's growth and innovation. One of the primary drivers of fiberglass demand in the automotive sector is the relentless pursuit of fuel efficiency and environmental sustainability. Automakers are under constant pressure to meet stringent emissions standards and enhance fuel economy. Fiberglass composites offer a compelling solution due to their lightweight nature and exceptional strength. By replacing traditional metal components with fiberglass-reinforced parts, automakers can reduce vehicle weight without compromising structural integrity. This reduction in weight translates to improved fuel efficiency and reduced emissions, aligning with global efforts to combat climate change.

Furthermore, fiberglass finds extensive use in manufacturing composite materials for critical automotive components such as body panels, hoods, doors, and bumpers. These components not only contribute to weight reduction but also enhance safety and durability, making vehicles more resilient to impacts and environmental stressors. Moreover, the growth of electric vehicles (EVs) presents a significant opportunity for the fiberglass market. EVs rely on lightweight materials to extend battery range, and fiberglass composites are a favored choice for components like battery enclosures and interior parts.

The automotive aftermarket also fuels the demand for fiberglass, as consumers seek aftermarket body kits, spoilers, and interior trim components made from fiberglass composites to enhance the appearance and performance of their vehicles. As automakers continue to invest in research and development to produce more efficient and sustainable vehicles, the demand for fiberglass is expected to rise steadily. Innovations in manufacturing processes and composite materials will likely lead to the incorporation of fiberglass into new areas of vehicle design. In conclusion, the automotive industry's drive to create lighter, more fuel-efficient, and environmentally friendly vehicles positions fiberglass as a vital material for the future of transportation. With ongoing technological advancements and consumer demand for sustainable vehicles, the global fiberglass market is poised to thrive through its symbiotic relationship with the automotive sector.

 

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Key Market Challenges

Competition from Alternative Materials

Competition from alternative materials presents a significant and ongoing challenge to the global fiberglass market. Fiberglass, although versatile and widely used across various industries, faces increasing competition from a range of alternative materials, including carbon fiber, aluminum, steel, and advanced composites. This competition threatens to impact the growth and market share of fiberglass for several reasons.

Firstly, alternative materials often offer specific advantages that make them more appealing in certain applications. For instance, carbon fiber is renowned for its exceptional strength-to-weight ratio, making it the preferred choice in aerospace and high-performance automotive industries. Steel and aluminum excel in terms of durability and structural strength, particularly in heavy-duty sectors. Secondly, cost competitiveness is a key factor. Advancements in manufacturing processes, economies of scale, and fluctuations in raw material costs can make alternative materials more cost-effective. Manufacturers may opt for these alternatives to reduce production expenses, which can put pressure on fiberglass's market position. Moreover, ongoing technological advancements in materials science continually introduce new options and improve the properties of existing materials. These developments can result in alternative materials offering superior performance characteristics, further challenging fiberglass's ability to meet evolving industry requirements.

Environmental considerations are also significant. Alternative materials that offer enhanced recyclability or a smaller carbon footprint may align more closely with emerging environmental regulations and consumer preferences. This can lead industries and consumers to favor alternatives over fiberglass for sustainability reasons. Ultimately, competition from alternative materials threatens to erode fiberglass's market share, especially in industries where performance and cost-effectiveness are paramount, such as aerospace, automotive, and construction. To address this challenge, the fiberglass industry must focus on innovation, developing fiberglass formulations that offer improved performance, exploring cost-effective production techniques, and highlighting fiberglass's environmental benefits compared to alternatives. Collaborations with industries that still heavily rely on fiberglass can also help sustain its market presence in the face of growing competition.

Fluctuating Raw Material Costs

Fluctuating raw material costs represent a formidable challenge for the global fiberglass market. As fundamental components of fiberglass production, the prices of materials such as glass fibers and resin directly impact manufacturing costs and overall industry stability. The unpredictability of raw material costs creates several issues. Firstly, it introduces significant cost uncertainty for fiberglass manufacturers. Rapid price fluctuations can disrupt production planning, making it difficult to manage budgets effectively. Manufacturers often find themselves in the dilemma of either absorbing higher costs, which erode profit margins, or passing these increased costs onto customers, potentially rendering fiberglass products less competitive.

Moreover, fluctuating raw material costs can exert competitive pressure. If alternative materials like carbon fiber or metals remain more price-stable or cost-effective, fiberglass may lose market share, particularly in applications where price sensitivity is high. Supply chain vulnerabilities further compound the problem. Raw materials for fiberglass production often traverse complex supply chains susceptible to geopolitical factors, trade disputes, and natural disasters. Such disruptions exacerbate price volatility and can lead to material shortages, impacting production schedules.

Additionally, investment decisions become more challenging in an environment of raw material price volatility. Uncertainty regarding future costs can deter investments in expanding production capacity or undertaking research and development initiatives, potentially stifling industry growth and innovation. In conclusion, fluctuating raw material costs are a significant impediment to the global fiberglass market's stability and profitability. Addressing this challenge requires a multi-faceted approach, including supply chain diversification, efficient cost management, and strategies to mitigate price risks. Moreover, fostering innovation in materials and manufacturing processes can help reduce dependence on volatile inputs and enhance the industry's resilience in the face of fluctuating costs.

Key Market Trends

Rising Demand in Wind Energy

The rising demand in wind energy is a powerful driver for the global fiberglass market. Fiberglass composites play a pivotal role in the construction of wind turbine blades, and as the wind energy sector continues to grow, so does the demand for these materials. Wind energy has gained prominence as a clean and sustainable alternative to fossil fuels. To harness the power of the wind efficiently, wind turbine blades need to be lightweight, durable, and aerodynamically efficient. Fiberglass composites meet these criteria exceptionally well. They offer a high strength-to-weight ratio, enabling longer and more efficient blades that can capture more wind energy.

As countries around the world invest in renewable energy infrastructure and transition to cleaner sources of power, the wind energy industry is expanding rapidly. Offshore wind farms, in particular, are becoming increasingly prevalent, and these installations often require even larger and more robust blades, further boosting the demand for fiberglass composites. Fiberglass manufacturers are responding to this demand by continuously innovating and improving their products. Research and development efforts are focused on developing fiberglass materials that are not only stronger and more durable but also cost-effective, which is crucial for the competitiveness of wind energy as an energy source.

In summary, the growth of the wind energy sector, driven by the global shift toward renewable energy sources, is a major catalyst for the global fiberglass market. The exceptional properties of fiberglass composites make them indispensable in the production of efficient wind turbine blades, ensuring that fiberglass will continue to play a central role in the expansion of the wind energy industry.

Aerospace and Defense Applications

Aerospace and defense applications are poised to be significant drivers of the global fiberglass market. Fiberglass composites have increasingly become the material of choice in these sectors due to their unique combination of strength, lightweight properties, and resistance to corrosion. In the aerospace industry, fiberglass composites are used extensively in aircraft components, such as fuselages, wings, and interior structures. The demand for lightweight materials in aviation is driven by the need to improve fuel efficiency, reduce emissions, and enhance overall aircraft performance. Fiberglass's ability to reduce weight while maintaining structural integrity aligns perfectly with these objectives.

In defense applications, fiberglass is used in various military equipment and vehicles, including armored vehicles, missile systems, and naval vessels. The material's durability and ability to withstand harsh environmental conditions, including extreme temperatures and exposure to saltwater, make it an ideal choice for defense applications. As global defense spending continues and aerospace innovation progresses, the demand for advanced fiberglass materials is expected to grow. Furthermore, research and development efforts are ongoing to enhance fiberglass composites, including the development of fire-resistant and stealth-enhancing variants, further solidifying its role in aerospace and defense.

In conclusion, the aerospace and defense sectors' increasing reliance on fiberglass composites for their superior performance characteristics positions fiberglass as a key player in these industries. This trend is expected to drive sustained growth in the global fiberglass market as these sectors continue to evolve and expand.

Segmental Insights

Product Type Insights

Chopped Strand is the fastest-growing product type of fiberglass, in terms of value, Fiberglass strands known as chopped strands are added to thermoplastic and thermoset composites as reinforcement. For use in construction projects, these strands can be combined with resins to create strengthening gap filler. To make water tanks, yachts, and industrial equipment, chopped strands are combined with polyester resins to create robust, stiff, and long-lasting laminates.

Application Insights

Composites is the fastest-growing application of fiberglass, in terms of value, the Fiberglass market is divided into composites and insulation based on application. The composites market sector represented a sizeable portion of the Fiberglass market in terms of value in 2021. The construction and automotive industries' rapid expansion is to blame for the greater share of the composites application category.

 

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Regional Insights

The Asia Pacific to Dominate has established itself as the leader in the Global Fiber Glass Market with a significant revenue share in 2022.  

Rising demand in the construction industry of developing countries, such as India, China, Indonesia, and Thailand, is projected to boost the market expansion. The product’s use in electrical and thermal insulation coupled with rapid growth in industrialization and government spending in the construction sector is projected to boost the regional market’s growth.

Recent Developments

  • April 2023- Saint-Gobain acquired Twiga Fiberglass Ltd., based in Uttar Pradesh, India. Twiga is a manufacturer of glass wool and has two manufacturing facilities. It uses technology from Saint-Gobain. This acquisition will cement Saint Gobain’s position in façade and interior solutions in India.
  • August 2022- Owens Corning launched a new PINK Next Gen Fiberglass insulation. The new insulation solution enables up to 23% faster installation as compared to the company’s existing products. The new advanced fiber technology creates a tightly woven network of soft, fine fibers that is said to be super-resilient and forms a blanket of insulating micro-pockets.
  • June 2022- Owens Corning and Pultron Composites signed an agreement to form a joint venture and manufacture fiberglass rebar. The agreement solidified the company’s commitment to provide high-performance concrete reinforcement products in a sustainable manner.

Key Market Players

  • LANXESS
  • Owens Corning 
  • 3B - The Fiberglass Comp
  • Shandong Fiberglass Group Corp
  • Nippon Electric Glass Co., Ltd 
  • Taishan Fiberglass Inc. (CTG)
  • Chongqing Polycomp International Corp.
  • Johns Manville 
  • Saint-Gobain Vetrotex
  • China Jushi Co., Ltd.

 By Glass Type

By Product Type

By Application

By Region
  • E-Glass
  • ECR-Glass
  • H-Glass
  • AR-Glass
  • S-Glass
  • Glass Wool
  • Direct & Assembled Roving
  • Yarn
  • Chopped Strand
  • Composites
  • Insulation
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Fiber Glass Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Fiber Glass Market, By Glass Type:

o   E-Glass

o   ECR-Glass

o   H-Glass

o   AR-Glass

o   S-Glass

  • Fiber Glass Market, By Product Type:

o   Glass Wool

o   Direct & Assembled Roving

o   Yarn

o   Chopped Strand

  • Fiber Glass Market, By Application:

o   Composites

o   Insulation

·         Fiber Glass Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Indonesia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

o   South America

§  Brazil

§  Argentina

o   Middle East & Africa

§  Saudi Arabia

§  South Africa

§  Egypt

§  UAE

§  Israel

Competitive Landscape

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

Available Customizations:

Global Fiber Glass Market report with the given market data, Tech Sci Research 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).

Global Fiber Glass Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.3.  Markets Covered

1.4.  Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Fiber Glass Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Glass Type (E-Glass, ECR-Glass, H-Glass, AR-Glass, S-Glass)

5.2.2.    By Product Type (Glass Wool, Direct & Assembled Roving, Yarn, Chopped Strand)

5.2.3.    By Application (Composites, Insulation)

5.2.4.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Fiber Glass Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Glass Type

6.2.2.    By Product Type

6.2.3.    By Application

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Fiber Glass Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Glass Type

6.3.1.2.2.           By Product Type

6.3.1.2.3.           By Application

6.3.2.    Canada Fiber Glass Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Glass Type

6.3.2.2.2.           By Product Type

6.3.2.2.3.           By Application

6.3.3.    Mexico Fiber Glass Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Glass Type

6.3.3.2.2.           By Product Type

6.3.3.2.3.           By Application

7.    Asia-Pacific Fiber Glass Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Glass Type

7.2.2.    By Product Type

7.2.3.    By Application

7.2.4.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Fiber Glass Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Glass Type

7.3.1.2.2.           By Product Type

7.3.1.2.3.           By Application

7.3.2.    India Fiber Glass Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Glass Type

7.3.2.2.2.           By Product Type

7.3.2.2.3.           By Application

7.3.3.    Japan Fiber Glass Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Glass Type

7.3.3.2.2.           By Product Type

7.3.3.2.3.           By Application

7.3.4.    South Korea Fiber Glass Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value 

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Glass Type

7.3.4.2.2.           By Product Type

7.3.4.2.3.           By Application

7.3.5.    Indonesia Fiber Glass Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Glass Type

7.3.5.2.2.           By Product Type

7.3.5.2.3.           By Application

8.    Europe Fiber Glass Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Glass Type

8.2.2.    By Product Type

8.2.3.    By Application

8.2.4.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Fiber Glass Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Glass Type

8.3.1.2.2.           By Product Type

8.3.1.2.3.           By Application

8.3.2.    United Kingdom Fiber Glass Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Glass Type

8.3.2.2.2.           By Product Type

8.3.2.2.3.           By Application

8.3.3.    France Fiber Glass Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Glass Type

8.3.3.2.2.           By Product Type

8.3.3.2.3.           By Application

8.3.4.    Russia Fiber Glass Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Glass Type

8.3.4.2.2.           By Product Type

8.3.4.2.3.           By Application

8.3.5.    Spain Fiber Glass Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Glass Type

8.3.5.2.2.           By Product Type

8.3.5.2.3.           By Application

9.    South America Fiber Glass Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Glass Type

9.2.2.    By Product Type

9.2.3.    By Application

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Fiber Glass Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Glass Type

9.3.1.2.2.           By Product Type

9.3.1.2.3.           By Application

9.3.2.    Argentina Fiber Glass Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Glass Type

9.3.2.2.2.           By Product Type

9.3.2.2.3.           By Application

10. Middle East & Africa Fiber Glass Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Glass Type

10.2.2. By Product Type

10.2.3. By Application

10.2.4. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Saudi Arabia Fiber Glass Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Glass Type

10.3.1.2.2.         By Product Type

10.3.1.2.3.         By Application

10.3.2. South Africa Fiber Glass Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Glass Type

10.3.2.2.2.         By Product Type

10.3.2.2.3.         By Application

10.3.3. UAE Fiber Glass Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Glass Type

10.3.3.2.2.         By Product Type

10.3.3.2.3.         By Application

10.3.4. Israel Fiber Glass Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Glass Type

10.3.4.2.2.         By Product Type

10.3.4.2.3.         By Application

10.3.5. Egypt Fiber Glass Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Glass Type

10.3.5.2.2.         By Product Type

10.3.5.2.3.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenge

12. Market Trends & Developments

13. Company Profiles

13.1.             LANXESS

13.1.1. Business Overview

13.1.2. Key Revenue and Financials (If Available)

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2.              Owens Corning

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3.             3B - The Fiberglass Comp

13.3.1. Business Overview

13.3.2. Key Revenue and Financials (If Available)

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.4.             Shandong Fiberglass Group Corp

13.4.1. Business Overview

13.4.2. Key Revenue and Financials (If Available)

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.5.             Nippon Electric Glass Co., Ltd

13.5.1. Business Overview

13.5.2. Key Revenue and Financials (If Available)

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6.             Taishan Fiberglass Inc. (CTG)

13.6.1. Business Overview

13.6.2. Key Revenue and Financials (If Available)

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7.             Chongqing Polycomp International Corp.

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8.             Johns Manville

13.8.1. Business Overview

13.8.2. Key Revenue and Financials (If Available)

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.9.             Saint-Gobain Vetrotex

13.9.1. Business Overview

13.9.2. Key Revenue and Financials (If Available)

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

13.10.          China Jushi Co., Ltd.

13.10.1.              Business Overview

13.10.2.              Key Revenue and Financials (If Available)

13.10.3.              Recent Developments

13.10.4.              Key Personnel

13.10.5.              Key Product/Services

14. Strategic Recommendations

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Figures and Tables

Frequently asked questions

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The market size of the Global Fiber Glass Market was USD 15.64 Billion in 2022.

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Chopped Strand is the fastest-growing product type of fiberglass, in terms of value, Fiberglass strands known as chopped strands are added to thermoplastic and thermoset composites as reinforcement. For use in construction projects, these strands can be combined with resins to create strengthening gap filler. To make water tanks, yachts, and industrial equipment, chopped strands are combined with polyester resins to create robust, stiff, and long-lasting laminates.

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Volatile Raw Material Prices and Cutting and Scheduling Problem these factors are restraining market growth.

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Construction and Infrastructure Development and Automotive Industry are the major factors propelling the market growth.

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Srishti Verma

Business Consultant
Press Release

Fiber Glass Market to be dominated by Composites Segment through 2028

Nov, 2023

Increasing Demand for Fiberglass Panels in Automotive and Transportation Sectors and Rising Number of Commercial & Residential Buildings to drive Global Fiber Glass Market in the forecast period, 202

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