Global Fiberglass Market Size, Share, Future Prospects and Forecast 2020-2026
The fiberglass market is estimated to grow at a CAGR of around 10% during the forecast period. The extensive use of fiberglass for manufacturing applications in the construction and automobile industry is a key factor attributing to the growth of the global fiberglass market. Additionally, fiberglass is used on a large scale in industries like aerospace & defense, marine, food, electronics body part, and more to produce lightweight body parts. Fiberglass has significant applications in the construction sector. It is used in commercial, industrial as well as in residential construction for both exterior and interior components. From the swimming pool fence to the skylight to solar heating elements it is largely used for making its body parts. Vetrotex fiberglass is one of the fiberglasses that is used in the construction industry, for its flexible, hard, water-resistant, and fire-resistant properties. Also for its lightweight property fiberglass is used as a structural shell.
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The stringent government regulations across the globe also play a significant growth factor for the growth of the global fiberglass market. Many industries like construction, automobile, and electronics have regulations to use fiberglass for its body parts owing to its very hard and eco-friendly nature of the fiberglass. The growing market for electric cars is one of the key factors creating demand for fiberglass owing to its lightweight characteristics, thereby, driving the growth of the fiberglass market. Moreover,now renewable energy is a global trend that increased installations of wind turbines across the globe. Moreover, due to fiberglass’s hard and lightweight characteristics, it is being extensively used in manufacturing the blades of wind turbines and other parts.
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Global Fiberglass Market Segmentation
By Type
S-Glass
E-Glass
AR-Glass
D-Glass
Others
By End-User
Automobile
Aerospace and Defense
Food & Beverage
Energy
Construction
Others
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Advanced Glassfiber Yarns Holding Corp.
Asahi Fiberglass CO., Ltd.
Binani Industries Ltd.
Chongqing Polycomp International Corp. (CPIC)
Compagnie de Saint-Gobain S.A.
Fiberglass Building Products Inc.
Jiangsu Jiuding New Material Co., Ltd.
Johns Manville Corp.
Jushi Co. Ltd
Knauf Insulation
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