Global Glass Fiber Market is Expected to Reach Around USD 10,600 Million by 2026

28-Feb-2020 | Facts and Factors

Facts and Factors report “Glass Fiber Market By Type (Single-End Roving, Multi-End Roving, Fabrics, Woven Roving, CFM, CSM, CS, DUCS, and Others), Manufacturing Process (Spray Up, Hand Lay-Up, Injection Molding, PrepregLay-Up, Pultrusion, Resin Infusion, Compression Molding, and Others) and By Application (Transportation, Construction, Pipe & Tank, Aerospace, Electrical & Electronics, Wind Energy, Consumer Goods, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global glass fiber market in 2019 was approximately USD 8,100 Million. The market is expected to grow at a CAGR of 4% and is anticipated to reach around USD 10,600 Million by 2026.

Glass Fiber Market Size

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Glass fiber is a material made from extremely thin fibers of glass, which is also known as fiberglass. It is a lightweight material and is used to produce printed circuit boards, structural composites, and a wide range of special-purpose products. Glass fiber is generally used in plastic materials reinforcement to increase tensile strength, dimensional stability, flex modulus, creep resistance, impact resistance, chemical resistance, and heat resistance.

Browse the full “Glass Fiber Market By Type (Single-End Roving, Multi-End Roving, Fabrics, Woven Roving, CFM, CSM, CS, DUCS, and Others), Manufacturing Process (Spray Up, Hand Lay-Up, Injection Molding, PrepregLay-Up, Pultrusion, Resin Infusion, Compression Molding, and Others) and By Application (Transportation, Construction, Pipe & Tank, Aerospace, Electrical & Electronics, Wind Energy, Consumer Goods, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/glass-fiber-market-by-type-single-end-roving-546

The growing construction and automotive industry across the globe is the major factor driving the global glass fiber market. The construction activities in developing countries such as China, India, Brazil, and South Africa are further projected to escalate the consumption of glass fibers. Glass fibers are widely used in polymeric resins for bathtubs and shower stalls, paneling, doors, and windows. Moreover, the automotive sector is one of the largest consumers of glass fibers.

In the automotive industry, glass fiber is used with polymer matrix composites to produce bumper beams, external body panels, pultruded body panels, and air ducts, and engine components among others. Therefore, these factors are expected to boost the market growth in the upcoming years. However, the presence of substitutes such as carbon fibers is likely to hamper the market growth in the forecast period. Conversely, the rising application of glass fibers in the production of light-weight cars and aircraft is further anticipated to offer growth opportunities to the global glass fiber market.

The application of multi-end roving glass fibers is increasing rapidly in the automotive industry which is further projected to increase the consumption of this type of glass fiber. Multi-end roving glass fibers are used to manufacture lightweight vehicles. Additionally, it is also used to produce architectural facades in the construction industry. Moreover, the injection molding process is a widely used process due to its design flexibility, low labor cost, and high-output production rate. The global glass fibers market is majorly driven by the construction and transportation industries. In 2019, the construction and transportation industry accounted for more than 60% of the market share.

Geographically, the Asia Pacific region is the major producer and consumer of the glass fibers. The emerging construction activities in developing countries in the region are further projected to increase the consumption of glass fibers. Additionally, the rising need for wind energy generation is also estimated to propel the demand for glass fibers in the region. Moreover, North America is anticipated to grow significantly during the forecast period. The increasing adoption of glass fibers in the aerospace sector is further projected to accelerate market growth in the region.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 8,100 Million

Projected Market Size in 2026

USD 10,600 Million

CAGR Growth Rate

4% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Owens Corning, BGF Industries, Nitto Boseki Co. Ltd., Saint-Gobain Vetrotex, Asahi Glass Company Limited, Johns Manville, Knauf, Jushi Group Co. Ltd., Advanced Glassfiber Yarns LLC, PPG Industries, Chomarat Group, and Nippon Sheet Glass , and Others

Key Segment

By Manufacturing Process, By Application, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the major players operating in the global glass fiber market include

Owens Corning, BGF Industries, Nitto Boseki Co. Ltd., Saint-Gobain Vetrotex, Asahi Glass Company Limited, Johns Manville, Knauf, Jushi Group Co. Ltd., Advanced Glassfiber Yarns LLC, PPG Industries, Chomarat Group, and Nippon Sheet Glass among others.

This report segments the glass fiber market as follows:

Global Glass Fiber Market: By Product Type Segmentation Analysis

  • Single-End Roving
  • Multi-End Roving
  • Fabrics
  • Woven Roving
  • CFM
  • CSM
  • CS
  • DUCS
  • Others

Global Glass Fiber Market: By Manufacturing ProcessSegmentation Analysis

  • Spray Up
  • Hand Lay-Up
  • Injection Molding
  • Prepreg Lay-Up
  • Pultrusion
  • Resin Infusion
  • Compression Molding
  • Others

Global Glass Fiber Market: By Application Segmentation Analysis

  • Transportation
  • Construction
  • Pipe & Tank
  • Aerospace
  • Electrical & Electronics
  • Wind Energy
  • Consumer Goods
  • Others

Global Glass Fiber Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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