Fiberglass Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Fiberglass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global fiberglass market grew at a CAGR of around 6% during 2015-2020. Fiberglass refers to a reinforced plastic material made from glass fibers that are embedded in a resin matrix. It is widely available in the form of glass wool, direct and assembled roving, yarn, chopped strand, flattened sheets, etc. Fiberglass is lightweight, cost-effective, corrosion-resistant, durable, and provide high electrical insulation. It is widely adopted over conventional materials, such as aluminum and steel, based on its improved energy-efficiency and ecological sustainability. As a result, fiberglass finds extensive applications across diverse industries, such as construction, automotive, aerospace and defense, electronics, etc.

Global Fiberglass Market Trends and Drivers:

With the rising environmental concerns, there is an increasing demand for lightweight composite materials across numerous industries for reducing carbon footprints. Moreover, the growing construction of smart infrastructures is also propelling the adoption of fiberglass for controlling overheating and maintaining the room temperature. In line with this, several government bodies across the globe are increasingly investing in the sustainable development of green and energy-efficient buildings, thereby catalyzing the demand for fiberglass. Additionally, the rising number of refurbishment and remodeling activities has led to the replacement of conventional building materials with fiberglass in floor coverings, walls, windows, panels, etc., to provide better insulation and enhanced structural stability. Apart from this, a significant growth in the renewable energy sector is further bolstering the product demand for manufacturing various electrical equipment to harness clean and safe energy sources, such as wind and tidal. Moreover, the expanding automotive industry along with the increasing demand for fuel-efficient vehicles is also augmenting the usage of fiberglass in body panels, panel assemblies, wheelhouse assemblies, battery boxes, front fascia, etc. Besides this, fiberglass is continuously replacing metal-based alternatives in pipes, tanks, subsea systems, etc., across the water treatment and oil & gas sectors. All of these-above mentioned factors will continue to drive the global market for fiberglass in the coming years. Looking forward, IMARC Group expects the global fiberglass market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fiberglass market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, glass product type, glass fiber type, resin type, application and end user.

Breakup by Glass Product Type:

Glass Wool
Direct and Assembled Roving
Yarn
Chopped Strand
Others

Breakup by Glass Fiber Type:

E-Glass
A-Glass
S-Glass
AR-Glass
C-Glass
R-Glass
Others

Breakup by Resin Type:

Thermoset Resin
Thermoplastic Resin

Breakup by Application:

Composites
Insulation

Breakup by End User:

Construction
Automotive
Wind Energy
Aerospace and Defense
Electronics
Others

Breakup by Region:

Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- UAE
- Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Asahi Fiber Glass Co. Ltd. (Yoshino Gypsum Co. Ltd.), Braj Binani Group, China Jushi Co. Ltd., Chongqing Polycomp International Corp. (Yuntianhua Group Co. Ltd.), Compagnie De Saint-Gobain S.A., Johns Manville (Berkshire Hathaway Inc.), Knauf Insulation, Nippon Electric Glass Co. Ltd., Owens Corning, PFG Fiber Glass Corporation (Nan Ya Plastics Corporation), Taishan Fiberglass Inc. (Sinoma Science & Technology Co. Ltd.) and Taiwan Glass Industry Corporation.

Key Questions Answered in This Report:

How has the global fiberglass market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global fiberglass market?
What are the key regional markets?
What is the breakup of the market based on the glass product type?
What is the breakup of the market based on the glass fiber type?
What is the breakup of the market based on the resin type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global fiberglass market and who are the key players?
What is the degree of competition in the industry?