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Global Fiberglass Market Size, Share & COVID-19 Impact Analysis, By Glass Type (E-Glass, ECR Glass, H-Glass, AR-Glass, S-Glass and Others), By Product Type (Glass Wool, Direct and Assembled Roving, Chopped Strand, Yarn and Others), By Application (Composites and Insulation) and Regional Forecasts, 2022-2028

The global fiberglass market size was valued at USD 15.7 billion in 2021. The market is projected to grow from USD 15.7 billion in 2021 to USD 19.9 billion by 2028, exhibiting a CAGR of 4.10% during the forecast period.
 
The most popular form of glass fiber-reinforced plastic is fiberglass. The fibers can be woven into glass cloth, flattened into a sheet, or arranged randomly. Except for transparent FRP panel applications, ECR is a type of electronic glass suitable for all e-glass applications. The global fiberglass market is expanding due to factors that favor fiberglass over other materials, including an increase in the use of fiberglass composite in the construction and automotive industries, increased demand for composite components, and strict emission control regulations. Expanding the construction and automotive industries' use of fiberglass will significantly impact the industry. A vehicle's mileage and fuel efficiency can be increased by using lightweight, high-strength materials. Additionally, the automotive, aerospace, and wind power industries will likely see a surge in demand for important composites because of aspects like cheap cost, lightweight, corrosion resistance, high strength, and the simple availability of key compounds.
 
COVID-19 IMPACT

As COVID-19 spreads, governments worldwide have decided to stop it by imposing temporary quarantine and lockdown measures. A wide range of markets and industries have been impacted. One such market is the fiberglass market. Many fiberglass manufacturers have been forced to close or significantly slow production due to the global shutdown. Because fiberglass became scarce, its price skyrocketed. Industries that use fiberglass in their manufacturing experience significant increases in production costs.
 
DRIVING FACTORS

Increasing Demand from Aerospace Industry to Drive the Growth

Fiberglass for A-Glass, E-Glass, C-Glass, S-Glass, and other materials are primarily used in the aerospace industry for various applications, including aircraft insulation, closets, air ducts, flooring, seating, and various other interior aircraft components. The aircraft industry uses fiberglass cloth because of its high tensile strength, stiffness, lightweight, and great fire resistance. The Federal Aviation Administration (FAA) estimates that expanding air freight operations would result in a total output of 8,270 commercial aircraft by the end of 2037. Furthermore, the Indian Air Force (IAF) has declared plans to supply 73 Tejas Mark-1A fighter jets between 2024 and 2028. As a result of the qualities mentioned above, such increased aircraft manufacturing is predicted to enhance demand for fiberglass for usage in various aircraft interior components. This is projected to propel the fiberglass market further in the future years.
 
RESTRAINING FACTORS

Environmental Substance Emissions Could Hinder Market Expansion

The processing of glass fiber uses a lot of energy and resources. One kilogram of carbon dioxide (CO2) is emitted into the environment for every kg of molten glass, in addition to fluoride, nitrogen oxide and dioxide (NOx), volatile organic compounds (VOC), sulfur dioxide (SO2), chlorine, and particulates. As a result, there is a large reduction in landfill space and material emissions into the environment. Because of its qualities, GFRP is frequently used. Due to the polymeric component's thermoset nature, they are neither fusible nor soluble, which prevents direct remelting or remolding. In addition to glass and polymeric matrix, these fabrics frequently contain a sizeable amount of inorganic fillers, making them challenging to recycle. For the industry to grow sustainably, developing acceptable recycling solutions for glass wool and other composite materials is becoming crucial.
 
SEGMENTATION

By Glass Type


Based on glass type, the fiberglass market is segmented into E-glass, ECR glass, H-glass, AR-glass, S-glass and others. The S-glass category dominated the market in 2021. Electrical glass is another name for e-glass. The oxides of magnesium, calcium, aluminum, silicon, and boron are used to make e-glass. E-glass products offer exceptional flexibility and are highly resilient to abrasion and vibration. This lightweight woven plastic fabric is popular for maritime, industrial, and aerospace applications.

Besides, the E-glass category is anticipated to grow significantly over the forecast period. Magnesium aluminum silicate is used to make high-strength S-glass. High strength and stability are required in applications functioning well in corrosive environments and high temperatures; s-glass fiber provides these qualities.
 
By Product Type

By product type, the market is segmented into glass wool, direct and assembled roving, chopped strand, yarn and others. The glass wool category dominated the market in 2021. Glass wool is commonly used as an indoor thermal and acoustic insulation material. They are most commonly used under pitched roofs, wooden floors, and inner walls. Glass wool is mostly found inside houses because it quickly loses its insulation value when damp.

Besides, the chopped strands category is anticipated to grow significantly over the forecast period. For automotive and electronics, chopped strands are used as reinforcement materials in fiber reinforced thermoplastics (FRTP) and fiber reinforced plastics (FRP).
 
REGIONAL INSIGHTS


Asia Pacific is projected to hold the largest share of the fiberglass market over the forecast period. Technology improvements in the composites industry result from the increased attention on emission control regulations and the rising demand for environmentally friendly products. The expansion of the fiberglass market in Asia is facilitated by substituting conventional materials like steel and aluminum with fiberglass. The region's fiberglass market is anticipated to increase due to the rising demand for fiberglass from various industries, including construction, transportation, automotive, and electronics.
 
On the other hand, the North American fiberglass market is anticipated to grow significantly over the forecast period. The rising construction industry in North America is expected to drive the market. This fiber is typically used for roofing, cladding, surface coating, and insulation in the building and construction industries. The year 2018 saw a sharp increase in building growth across the United States and Canada, with the residential sector serving as a key driver of the upturn and low-interest rates and wage increases contributing to increased demand for more housing units. From 2021 on, the development rate increased again as the region's construction industry gained momentum thanks to ongoing investments in infrastructure and smart city initiatives.
 
LIST OF KEY COMPANIES PROFILED:
  • Owens Corning
  • Jushi Group Co., Ltd
  • Taishan Fiberglass Inc.
  • Johns Manville
  • Chongqing Polycomp International Corp.
  • Xingtai Jinniu Fiberglass Co., Ltd
  • Shandong Fiberglass Group Co., Ltd
  • Glasstex Fiberglass Materials Corp.
 
KEY INDUSTRY DEVELOPMENTS:
  • November 2021: With the intention of serving India and the Middle East markets, Taishan Fiberglass Inc. (CTG) announced an investment of USD 250 million to build a greenfield fiber manufacturing plant in Gujarat (India).
  • July 2021: To expand its non-woven product line and better serve the building and construction industry in Europe, Owens Corning acquired Vliepa GmbH.
 
REPORT SCOPE AND SEGMENTATION
 
Attributes Details
Study Period 2016-2028
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2028
Historical Period 2016-2020
Unit Revenue (USD Million) and Volume (Kilo Tons)
Segmentation By Glass Type, By Product Type, By Application, and By Geography
By Glass Type
  • E-Glass
  • ECR Glass
  • H-Glass
  • AR-Glass
  • S-Glass
  • Others
By Product Type
  • Glass Wool
  • Direct and Assembled Roving
  • Chopped Strand 
  • Yarn
  • Others
By Application
  • Composites
  • Insulation
By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa
CHAPTER NO. 1 :    Preface

    1.1.    Report Scope and Description
        1.1.1.    Study Purpose
        1.1.2.    Target Audience
        1.1.3.    USP and Key Offerings
    1.2.    Key Benefits for Stakeholders
    1.3.    Report Scope

CHAPTER NO. 2 :    Report Summary

    2.1.    Key Findings
        2.1.1.    Top Investment Pockets
        2.1.1.1.    Fiberglass Market Attractiveness Analysis, By Glass Type
        2.1.1.2.    Fiberglass Market Attractiveness Analysis, By Product Type
        2.1.1.3.    Fiberglass Market Attractiveness Analysis, By Application
        2.1.1.4.    Fiberglass Market Attractiveness Analysis, By Region
    2.2.    Market Snapshot: Global Fiberglass Market
    2.3.    Global Fiberglass Market, 2022 – 2028 (US$ Mn)

CHAPTER NO. 3 :    COVID 19 IMPACT ANALYSIS

    3.1.    Impact Assessment of COVID-19 Pandemic, By Region
        3.1.1.    North America: Impact of COVID-19 Pandemic
        3.1.2.    Europe: Impact of COVID-19 Pandemic
        3.1.3.    Asia Pacific: Impact of COVID-19 Pandemic
        3.1.4.    Latin America: Impact of COVID-19 Pandemic
        3.1.5.    The Middle-East and Africa: Impact of COVID-19 Pandemic
    3.2     Key Strategies Undertaken by Companies to Tackle COVID-19
    3.3.    Quarterly Market Revenue by Region 2021 & 2022
    3.4.    Pre COVID-19 Market Revenue, By Region, 2016-2019 (US$ Mn)
    3.5.    Post COVID-19 Market Revenue, By Region, 2020-2028 (US$ Mn)
    3.6.    Short Term Dynamics
    3.7.    Long Term Dynamics

CHAPTER NO. 4 :    Fiberglass Market – BY Glass Type SEGMENT ANALYSIS

    4.1.    Fiberglass Market Overview, by Glass Type Segment
        4.1.1.    Fiberglass Market Revenue Share, By Glass Type, 2021 & 2028
    4.2.    E-Glass
    4.3.    ECR Glass
    4.4.    H-Glass
    4.5.    AR-Glass
    4.6.    S-Glass
    4.7.    Others

CHAPTER NO. 5 :    Fiberglass Market – BY Product Type SEGMENT ANALYSIS

    5.1.    Fiberglass Market Overview, by Product Type Segment
        5.1.1.    Fiberglass Market Revenue Share, By Product Type, 2021 & 2028
    5.2.    Glass Wool
    5.3.    Direct and Assembled Roving
    5.4.    Chopped Strand 
    5.5.    Yarn
    5.6.    Others

CHAPTER NO. 6 :    Fiberglass Market – BY Application SEGMENT ANALYSIS

    6.1.    Fiberglass Market Overview, by Application Segment
        6.1.1.    Fiberglass Market Revenue Share, By Application, 2021 & 2028
    6.2.    Composites
    6.3.    Insulation

CHAPTER NO. 7 :    Fiberglass Market – REGIONAL ANALYSIS

    7.1.    Fiberglass Market Overview, by Region Segment
        7.1.1.    Global Fiberglass Market Revenue Share, By Region, 2021 & 2028
        7.1.2.    Global Fiberglass Market Revenue, By Region, 2017 – 2028 (US$ Mn)
        7.1.3.    Global Fiberglass Market Revenue, By Glass Type, 2017 – 2028 (US$ Mn)
        7.1.4.    Global Fiberglass Market Revenue, By Product Type, 2017 – 2028 (US$ Mn)
        7.1.5.    Global Fiberglass Market Revenue, By Application, 2017 – 2028 (US$ Mn)
    7.2.    North America
        7.2.1.    North America Fiberglass Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        7.2.2.    North America Fiberglass Market Revenue, By Glass Type, 2018 – 2028
        7.2.3.    North America Fiberglass Market Revenue, By Product Type, 2018 – 2028
        7.2.4.    North America Fiberglass Market Revenue, By Application, 2018 – 2028
        7.2.5.    U.S. Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.2.6.    Canada Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.2.7.    Mexico Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
    7.3.    Europe
        7.3.1.    Europe Fiberglass Market Revenue, By Country, 2022 – 2028 (US$ Mn)
        7.3.2.    Europe Fiberglass Market Revenue, By Glass Type, 2022 – 2028
        7.3.3.    Europe Fiberglass Market Revenue, By Product Type, 2022 – 2028
        7.3.4.    Europe Fiberglass Market Revenue, By Application, 2022 – 2028
        7.3.5.    Germany Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.3.6.    France Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.3.7.    U.K. Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.3.8.    Italy Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.3.9.    Spain Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.3.10.    Rest of Europe Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
    7.4.    Asia Pacific
        7.4.1.    Asia Pacific Fiberglass Market Revenue, By Country, 2022 – 2028 (US$ Mn)
        7.4.2.    Asia Pacific Fiberglass Market Revenue, By Glass Type, 2022 – 2028
        7.4.3.    Asia Pacific Fiberglass Market Revenue, By Product Type, 2022 – 2028
        7.4.4.    Asia Pacific Fiberglass Market Revenue, By Application, 2022 – 2028
        7.4.5.    China Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.4.6.    Japan Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.4.7.    India Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.4.8.    South Korea Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.4.9.    South-East Asia Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.4.10.    Rest of Asia Pacific Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
    7.5.    Latin America
        7.5.1.    Latin America Fiberglass Market Revenue, By Country, 2022 – 2028 (US$ Mn)
        7.5.2.    Latin America Fiberglass Market Revenue, By Glass Type, 2022 – 2028
        7.5.3.    Latin America Fiberglass Market Revenue, By Product Type, 2022 – 2028
        7.5.4.    Latin America Fiberglass Market Revenue, By Application, 2022 – 2028
        7.5.5.    Brazil Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.5.6.    Argentina Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.5.7.    Rest of Latin America Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
    7.6.    The Middle-East and Africa
        7.6.1.    The Middle-East and Africa Fiberglass Market Revenue, By Country, 2022 – 2028 (US$ Mn)
        7.6.2.    The Middle-East and Africa Fiberglass Revenue, By Glass Type, 2022 – 2028
        7.6.3.    The Middle-East and Africa Fiberglass Market Revenue, By Product Type, 2022 – 2028
        7.6.4.    The Middle-East and Africa Fiberglass Market Revenue, By Application, 2022 – 2028
        7.6.5.    GCC Countries Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.6.6.    South Africa Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)
        7.6.7.    Rest of Middle-East Africa Fiberglass Market Revenue, 2016 - 2028 (US$ Mn)

CHAPTER NO. 8 :    Fiberglass Market – INDUSTRY ANALYSIS

    8.1.    Introduction
    8.2.    Market Drivers
        8.2.1.    Driving Factor 1 Analysis
        8.2.2.    Driving Factor 2 Analysis
    8.3.    Market Restraints
        8.3.1.    Restraining Factor Analysis
    8.4.    Market Opportunities
        8.4.1.    Market Opportunity Analysis
    8.5.    Porter’s Five Forces Analysis
    8.6.    PEST Analysis
    8.7.    Regulatory Landscape
    8.8.    Technology Landscape
    8.9.    Value Chain Analysis

CHAPTER NO. 9 :    COMPETITIVE LANDSCAPE

    9.1.    Company Market Share Analysis – 2021
        9.1.1.    Global Fiberglass Market: Company Market Share, 2022
        9.1.2    Global Fiberglass Market: Company Market Share, 2022
    9.2.    Strategic Developments
        9.2.1.    Acquisitions & Mergers
        9.2.2.    New Product Launch
        9.2.3.    Regional Expansion
    9.3.    Company Strategic Developments – Heat Map Analysis

CHAPTER NO. 10 : COMPANY PROFILES

    10.1.    Owens Corning
        10.1.1.    Company Overview
        10.1.2.    Key Executives
        10.1.3.    Product Portfolio
        10.1.4.    Financial Overview
        10.1.5.    Operating Business Segments
        10.1.6.    Business Segment Performance
        10.1.7.    Recent Developments
    10.2.    Jushi Group Co., Ltd
    10.3.    Taishan Fiberglass Inc.
    10.4.    Johns Manville
    10.5.    Chongqing Polycomp International Corp.
    10.6.    Xingtai Jinniu Fiberglass Co., Ltd
    10.7.    Shandong Fiberglass Group Co., Ltd
    10.8.    Glasstex Fiberglass Materials Corp.

CHAPTER NO. 11 :    RESEARCH METHODOLOGY

    11.1.    Research Methodology
    11.2.    Phase I - Secondary Research
    11.3.    Phase II - Data Modeling
        11.3.1.    Company Share Analysis Model
        11.3.2.    Revenue Based Modeling
    11.4.    Phase III - Primary Research
    11.5.    Research Limitations
        11.5.1.    Assumptions
No Methodology
No Available