Fiberglass Market

Magazine for Textiles, Clothing, Leather and Technology

The fiberglass market is projected to grow from USD 17.1 billion in 2019 to USD 23.9 billion by 2024, at a CAGR of 7.0% from 2019 to 2024. The growth of the construction industry and increased use of fiberglass composites in the automotive industry are fueling the growth of the market.

In April 2018, Owens Corning entered into technology licensing and manufacturing supply agreements with Taiwan Glass Ind. Corp. (Taiwan). The agreements will leverage the manufacturing platform of Taiwan Glass Ind. Corp. to produce a mix of products for thermoplastic and thermoset applications. This agreement expanded the geographic footprint of Owens Corning in the Asia Pacific region as well as increased the fiberglass production capacity to cater to the needs of customers in Europe and North America.

Research Coverage:

The report defines, segments, and projects the size of the fiberglass market based on glass type, resin type, product type, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments such as expansions, new product launches, agreements, acquisitions, investments, new product developments, and partnerships undertaken by them in the market.
The glass woolfiberglass segment is projected to lead the fiberglass market in terms of both value and volume from 2019 to 2023.

The composites application segment is projected to lead the fiberglass market in terms of both value and volume during the forecast period.


The fiberglass market in Asia Pacific is projected to grow at the highest CAGR in terms of both, value and volume during the forecast period.

The fiberglass market in Asia Pacific is projected to grow at the highest CAGR in terms of both, value and volume from 2019 to 2024. China, India, and Japan are key countries contributing to the increased demand for fiberglass in this region. Factors such as increasing construction and industrial activities in the Asia Pacific region have increased the demand for fiberglass in this region. The growth of the automotive industry is driving the fiberglass market in this region.

Based on product type, the glass wool segment is projected to lead the fiberglass market from 2019 to 2024.

The glass wool segment accounted for the largest share of the fiberglass market in 2018. This segment is projected to lead the market in terms of both, value and volume during the forecast period. Increased usage of glass wool in the construction & infrastructure end-use industries and high thermal insulation property are driving this segment.

Based on application, the composites segment of the fiberglass market is projected to dominate the fiberglass market from 2019 to 2024 in terms of both, value and volume.

Based on application, the fiberglass market is segmented into composites and insulation. The composites application segment is projected to lead the market during the forecast period in terms of both, value and volume.

Key Market Players

China Jushi Co., Ltd.  (China), Owens Corning (US), Nippon Electric Glass Co., Ltd. (Japan), Taishan Fiberglass Inc. (CTG) (China), Chongqing Polycomp International Corp. (CPIC), (China), Johns Manville Corp. (US), Binani 3B-the Fibreglass Company (Belgium), Taiwan Glass Ind. Corp. (Taiwan), PFG Fiber Glass (Kunshan) Co. Ltd. (China), Asahi Fiberglass Co. Ltd., (Japan), Knauf Insulation (Belgium), Saint-Gobain Vetrotex (US), CertainTeed Corporation (US), Saint-Gobain ADFORS (US), and AGY Holding Corp. (US) are some of the leading players operating in the fiberglass market. These players have adopted the expansions, new product launches, agreements, acquisitions, investments, new product developments, and partnerships to enhance their position in the market.

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