The Fiberglass fabric market is projected to reach USD 13.17 billion by 2029 from USD 9.39 billion in 2024, at a CAGR of 7.0% from 2024 to 2029. The study provides a comprehensive analysis of key drivers, fiberglass fabric market trends, competitive dynamics, opportunities, and challenges shaping the future of the market. and understand the revenue shifts happening in their industry. The market for fiberglass is influenced by several key factors, such as the superior qualities of fiberglass materials like corrosion resistance, lightweight, high strength, durability, and improved performance, all contributing to the growth of the fiberglass market. Additionally, the increasing use in emerging economies and the rising adoption of composites and fiberglass will further boost market growth. The development of new technologies like 3D printing, automation, and digital design tools is making the production of fiberglass components easier and more cost-effective.
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E-glass segment held the largest market share in terms of value in the fiberglass market.
E-glass is a type of glass used in fiberglass manufacturing because of its high electrical insulating properties and resistance to alkalis. It is commonly used to create composite materials for many industries, including aerospace, automotive, construction, and marine. The market for E-glass in fiberglass is expected to grow in the coming years due to increasing demand for lightweight, durable materials across various sectors. The aerospace and automotive industries, in particular, are likely to drive growth as they seek materials that can reduce weight and boost fuel efficiency.
Composites dominated the application segment in terms of value in the fiberglass market.
Fiberglass is widely used in composite applications mainly because it provides an excellent strength-to-weight ratio, resists corrosion, and offers versatile design options. This makes fiberglass composites lightweight yet strong, durable, and suitable for environments where corrosion is a concern, such as the marine and chemical industries. Additionally, fiberglass composites can be molded into complex shapes, which broadens their use across industries like automotive, aerospace, construction, sports equipment, and infrastructure.
Asia Pacific accounted for the largest share of the fiberglass market in terms of value and volume.
The fiberglass market has been examined in North America, Europe, the Asia Pacific, the Middle East & Africa, and South America. The APAC fiberglass market is driven by the increasing demand for energy, which boosts the need for fiberglass materials in construction, electronics, and other sectors. The region ranks as one of the largest markets for fiberglass worldwide, with China, India, and Japan leading market growth. The rising demand for fiberglass across industries such as construction, automotive, aerospace, and wind energy fuels market expansion in the region. China is the dominant market for fiberglass in the Asia Pacific, holding a substantial share. The country boasts numerous fiberglass manufacturers, and demand is expected to grow further due to the rapid expansion of the construction and automotive sectors.
Prominent companies include China Jushi Co., Ltd. (China), Owens Corning (US), Saint-Gobain (France), Taishan Fiberglass Inc. (CTG Group, China), Chongqing Polycomp International Corp. (CPIC, China), Nippon Electric Glass Co., Ltd. (Japan), 3B- The Fiberglass Company (Belgium), Taiwan Glass Ind. Corp. (Taiwan), PFG Fiber Glass Corporation (China), Johns Manville (US), AGY (US), Asahi Fiber Glass Co., Ltd. (Japan), Knauf Insulation (Belgium), KCC Corporation (South Korea), and Sisecam (Turkey).
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China Jushi Co., Ltd. (China)
China Jushi is one of the leading global fiberglass manufacturers. The company is involved in researching, producing, and distributing fiberglass and manufacturing plastic floorboards. It operates through three segments: glass fiber and its products, other products, and businesses. China Jushi Co., Ltd. provides fiberglass products from the glass fiber and its products segment. It produces fiberglass yarns, rovings, chopped strands, and mats used across various industries, including construction, transportation, wind energy, and electronics. It manufactures rovings, chopped strands, stitched combo mats & chopped strand mats, powder & emulsion chopped strand mats, woven rovings, and electrical yarns & fabrics within over 100 product categories offering more than 1,000 specifications. The company also produces E-glass and C-glass fiberglass products. Additionally, it makes FRP (fiberglass reinforced plastic) products like pipes, tanks, and profiles for infrastructure projects.
Owens Corning (US)
Owens Corning develops and manufactures insulation, roofing, and fiberglass composites. The company operates through three business segments: Insulation, Roofing, and Composites. The Insulation segment manufactures products such as fiberglass insulation for residential and commercial construction. The Roofing segment produces shingles, roofing accessories, and underlayment for residential and commercial buildings. The Composites segment creates products like glass fiber reinforcements, resins, and fabrics for industrial, automotive, and aerospace markets. Additionally, it offers loose-fill insulation, foam sheathing for walls and accessories, thermal and acoustical batts, and other products marketed under well-known brand names and trademarks, such as Owens Corning PINK FIBERGLAS Insulation. Owens Corning has a geographic footprint in North America, Europe, and the Asia Pacific, offering a broad fiberglass product portfolio in over 33 countries worldwide.
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Chongqing Polycomp International Corp. (CPIC, China)
CPIC is a large state-owned enterprise. The company mainly produces glass fabric series products, such as high-quality alkali-free fiberglass. Its products are widely used in urban architecture, interior decoration, and mechatronics. The broad range of fiberglass products offered by CPIC is used in various applications across end-use industries such as wind power generation, aviation, construction, and automobiles. CPIC has manufacturing facilities in Brazil, Bahrain, and China. Its annual fiberglass manufacturing capacity exceeds 600,000 tonnes, while its glass fabric production capacity surpasses 150 million meters. CPIC operates four sales subsidiaries in the United States, Europe, Russia, and Hong Kong. Its products are sold across North America, the Middle East & Africa, Europe, Southeast Asia, and other regions, with exports making up more than half of total sales. CPIC has established long-term agreements with over 30 foreign companies, including GE and DuPont.
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