Market Overview 2021-2026:
The global fiberglass market reached a value of around US$ 13 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.1% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
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.
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:
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
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fiberglass Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Glass Product Type
6.1 Glass Wool
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Direct and Assembled Roving
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Yarn
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Chopped Strand
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Glass Fiber Type
7.1 E-Glass
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 A-Glass
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 S-Glass
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 AR-Glass
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 C-Glass
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 R-Glass
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Resin Type
8.1 Thermoset Resin
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Thermoplastic Resin
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Composite
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Insulation
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End User
10.1 Construction
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Automotive
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Wind Energy
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Aerospace and Defense
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Electronics
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Others
10.6.1 Market Trends
10.6.2 Market Forecast
11 Market Breakup by Region
11.1 Asia Pacific
11.1.1 China
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Japan
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.1.3 India
11.1.3.1 Market Trends
11.1.3.2 Market Forecast
11.1.4 South Korea
11.1.4.1 Market Trends
11.1.4.2 Market Forecast
11.1.5 Australia
11.1.5.1 Market Trends
11.1.5.2 Market Forecast
11.1.6 Indonesia
11.1.6.1 Market Trends
11.1.6.2 Market Forecast
11.1.7 Others
11.1.7.1 Market Trends
11.1.7.2 Market Forecast
11.2 North America
11.2.1 United States
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Canada
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 United Kingdom
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 France
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Saudi Arabia
11.5.1.1 Market Trends
11.5.1.2 Market Forecast
11.5.2 UAE
11.5.2.1 Market Trends
11.5.2.2 Market Forecast
11.5.3 Others
11.5.3.1 Market Trends
11.5.3.2 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
13.1 Overview
13.2 Raw Material Procurement
13.3 Manufacturing
13.4 Marketing
13.5 Distribution and Export
13.6 End User
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Asahi Fiber glass Co. Ltd. (Yoshino Gypsum Co. Ltd.)
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Braj Binani Group
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 China Jushi Co. Ltd.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Chongqing Polycomp International Corp. (Yuntianhua Group Co. Ltd.)
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Compagnie De Saint-Gobain S.A.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Johns Manville (Berkshire Hathaway Inc.)
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Knauf Insulation
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Nippon Electric Glass Co. Ltd.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 Owens Corning
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 PFG Fiber Glass Corporation (Nan Ya Plastics Corporation)
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Taishan Fiberglass Inc. (Sinoma Science & Technology Co. Ltd.)
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Taiwan Glass Industry Corporation
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
List of Figures
Figure 1: Global: Fiberglass Market: Major Drivers and Challenges
Figure 2: Global: Fiberglass Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Fiberglass Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Fiberglass Market: Breakup by Glass Product Type (in %), 2020
Figure 5: Global: Fiberglass Market: Breakup by Glass Fiber Type (in %), 2020
Figure 6: Global: Fiberglass Market: Breakup by Resin Type (in %), 2020
Figure 7: Global: Fiberglass Market: Breakup by Application (in %), 2020
Figure 8: Global: Fiberglass Market: Breakup by End User (in %), 2020
Figure 9: Global: Fiberglass Market: Breakup by Region (in %), 2020
Figure 10: Global: Fiberglass (Glass Wool) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Fiberglass (Glass Wool) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Fiberglass (Direct and Assembled Roving) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Fiberglass (Direct and Assembled Roving) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Fiberglass (Yarn) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Fiberglass (Yarn) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Fiberglass (Chopped Strand) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Fiberglass (Chopped Strand) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Fiberglass (Other Glass Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Fiberglass (Other Glass Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Fiberglass (E-Glass) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Fiberglass (E-Glass) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Fiberglass (A-Glass) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Fiberglass (A-Glass) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Fiberglass (S-Glass) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Fiberglass (S-Glass) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Fiberglass (AR-Glass) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Fiberglass (AR-Glass) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Fiberglass (C-Glass) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Fiberglass (C-Glass) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Fiberglass (R-Glass) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Fiberglass (R-Glass) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Fiberglass (Other Glass Fiber Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Fiberglass (Other Glass Fiber Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Fiberglass (Thermostat Resin) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Fiberglass (Thermostat Resin) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Fiberglass (Thermoplastic Resin) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Fiberglass (Thermoplastic Resin) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Fiberglass (Composite) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Fiberglass (Composite) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Fiberglass (Insulation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Fiberglass (Insulation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Fiberglass (Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Fiberglass (Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Fiberglass (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Fiberglass (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Global: Fiberglass (Wind Energy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Global: Fiberglass (Wind Energy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Global: Fiberglass (Aerospace and Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Global: Fiberglass (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Global: Fiberglass (Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Global: Fiberglass (Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Global: Fiberglass (Other End Users) Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Global: Fiberglass (Other End Users) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Asia Pacific: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Asia Pacific: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: China: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: China: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Japan: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Japan: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: India: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: India: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: South Korea: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: South Korea: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Australia: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Australia: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Indonesia: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Indonesia: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Others: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Others: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: North America: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: North America: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: United States: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: United States: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Canada: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Canada: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Europe: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Europe: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Germany: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Germany: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: United Kingdom: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: United Kingdom: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: France: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: France: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Italy: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Italy: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Spain: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Spain: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Russia: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Russia: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Others: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Others: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Latin America: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Latin America: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 94: Brazil: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 95: Brazil: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 96: Mexico: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 97: Mexico: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 98: Others: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 99: Others: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 100: Middle East and Africa: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 101: Middle East and Africa: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 102: Saudi Arabia: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 103: Saudi Arabia: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 104: UAE: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 105: UAE: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 106: Others: Fiberglass Market: Sales Value (in Million US$), 2015 & 2020
Figure 107: Others: Fiberglass Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 108: Global: Fiberglass Industry: SWOT Analysis
Figure 109: Global: Fiberglass Industry: Value Chain Analysis
Figure 110: Global: Fiberglass Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Fiberglass Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Fiberglass Market Forecast: Breakup by Glass Product Type (in Million US$), 2021-2026
Table 3: Global: Fiberglass Market Forecast: Breakup by Glass Fiber Type (in Million US$), 2021-2026
Table 4: Global: Fiberglass Market Forecast: Breakup Resin Type (in Million US$), 2021-2026
Table 5: Global: Fiberglass Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Fiberglass Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 7: Global: Fiberglass Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Fiberglass Market: Competitive Structure
Table 9: Global: Fiberglass Market: Key Players