Report Description


Forecast Period


Market Size (2023)

USD 1.5 Billion

Market Size (2029)

USD 2.38 Billion

CAGR (2024-2029)


Fastest Growing Segment


Largest Market

West India


India Fiber Glass Market has valued at USD 1.5 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 8% through 2029. India Fiber Glass Market is anticipated to grow at a steady pace during the forecast period, 2025-2029, owing to significant expansion in the use of fiber glass in the construction, transportation, and automotive industries.

A popular type of fiber-reinforced plastic that uses glass fiber is fiber glass. The fibers can be woven into glass fabric, flattened into a sheet known as a chopped strand mat, or randomly distributed. The plastic matrix can be either a thermoplastic or a thermoset polymer matrix, which is typically based on thermosetting polymers such as epoxy, polyester resin, or vinyl ester resin.

Rising Number of Commercial & Residential Buildings
India has made considerable expenditures in both residential and commercial building, including smart cities. The increasing demand for homes and businesses due to the expanding population is driving up the price of fiber glasses throughout India. Additionally, a combination of budgetary support and government policies boosting the nation's housing industry are expected to be the main drivers of the short-term expansion of India's construction activity. The country's enormous population is expected to be the main driver of long-term growth, necessitating continuing expenditures in the residential building construction industry and opening up the market for Indian Fiber glass producers.

Increasing Demand for Fiber Glass Panels in Automotive and Transportation Sectors to Drive Market Potential
The demand for fiberglass panels, resin, and epoxy has grown significantly in the automotive and transportation sectors. These composite materials are required since they help make automotive chassis lighter without compromising strength, a factor that is driving a demand for materials. Through 2028, it is predicted that consumption for fiberglass products would rise as a result of the rising popularity of electric vehicles and the ensuing need to make vehicles cheaper. For instance, Aptera Motors declared in February 2021 that it would introduce the first solar-powered vehicle to be produced in mass quantities. The fiberglass and extremely light composite components that make up the Aptera are used in its efficient design. In the upcoming years, it is expected that additional manufacturers would follow suit.