How big is the fiberglass market?
According to 6Wresearch internal database and industry insights,
Global fiberglass market was valued at
USD 12 Billion in 2024 and is expected to reach
USD 17 Billion by 2031, growing at a
compound annual growth rate of 4.60% during the forecast period.
The market is expanding due to the growing need for strong, lightweight materials in the fields of renewable energy, construction, automotive, and aerospace. Fibreglass is a preferred material in many commercial and industrial applications as of its exceptional strength, insulation, and resistance to corrosion.
Key Growth Factors of the Fiberglass Market
- Growing uses of lightweighting in the automotive and aerospace industries
- increasing application in building for structural strength and insulation
- Rising demand for the production of wind turbine blades
- Excellent resistance to corrosion, ideal for chemical and marine industries
- Energy efficiency regulations driving use in thermal insulation
- Growing investments in infrastructure in emerging economies
Fiberglass Market Trends
The fiberglass market is witnessing increased adoption of chopped strand mats and direct rovings in manufacturing. Sustainability trends are encouraging the use of recyclable fiberglass composites. Advancements in resin technology are enhancing durability and temperature resistance, while manufacturers are focusing on automated production methods.
Emerging Developments in the Fiberglass Market
Emerging developments in the fiberglass market include bio-based fiberglass alternatives, nano-enhanced fiberglass for greater strength, and hybrid composites with improved fatigue performance. Integration with thermoplastics for quick-molded parts and innovations in flame-retardant fiberglass composites are expanding use in electric mobility and building applications.
Leading Companies in the Fiberglass Market
- Owens Corning
- Jushi Group Co., Ltd.
- Nippon Electric Glass Co., Ltd.
- Saint-Gobain S.A.
- Taishan Fiberglass Inc.
- China Beihai Fiberglass Co., Ltd.
How big is the fiberglass market : FAQs
The fiberglass market is expected to reach USD 17 Billion by 2031.
The fiberglass market growing at a compound annual growth rate of 4.60% during the forecast period.
Major users include construction, automotive, wind energy, aerospace, and marine industries.
The main types include E-glass, S-glass, and C-glass, each with specific mechanical and chemical properties.
Fiberglass helps reduce energy usage in buildings and vehicles due to its insulation and lightweight properties, and recyclability is improving with new tech.
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