Glass Fiber Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[220+ Pages Report] According to the report published by Facts Factors, the global glass fiber market size was worth around USD 8,100 million in 2019 and is predicted to grow to around USD 10,600 million by 2026 with a compound annual growth rate (CAGR) of roughly 4% between 2020 and 2026. The report analyzes the global glass fiber market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the glass fiber market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the glass fiber industry. The report analyzes and declares the historical and current trends analysis of the glass fiber industry and subsequently recommends the projected trends anticipated to be observed in the glass fiber market during the upcoming years.

The glass fiber market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire glass fiber market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• According to the primary respondents, the global glass fiber market is set to grow annually at a rate of around 4%
• The market was valued at around USD 8,100 million, in 2019 and is projected to reach around USD 10,600 million, in 2026.
• In 2019, the “multi-end roving” category dominated the type segmentation of the market and is projected to continue its dominance throughout the forecast period.
• “Injection molding” category of the manufacturing process is expected to grow significantly during the forecast period owing to its design flexibility, low labor cost, and high-output production rate.
• Based on the application segmentation, the “transportation and construction” category held a significant share, in 2019.
• The Asia Pacific accounted for the largest market share of the global glass fiber market, in 2019.

Key Recommendations from Analysts

• As per our analysts, the global glass fiber market is anticipated to witness significant growth in the future. The growing adoption of glass fibers in the transportation and construction sectors is boosting the market growth.
• The rise in the demand for glass fibers in the automotive industry owing to the lightweight property is expected to offer lucrative growth opportunities in the forecast period.   
• The Asia Pacific is the potential region for the global glass fibers market. The surging construction industry in emerging countries like India, China, Japan, Philippines, and Indonesia is increasing the demand for glass fiber materials.
• Growing at a CAGR around 4%, the global glass fibers market provides several opportunities for suppliers and manufacturers.
• Our analysts have identified “construction” and “transportation” categories are the major consumers of the glass fibers across the globe.
• The key market players are focusing on product innovation and strategic alliances for increasing their market share in the industry. For instance, Owens Corning has announced that the company will be investing USD 110 million to expand its Compositescapacity in India. Therefore, this investment is expected to grow its glass fiber market in India.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the glass fiber industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the glass fiber industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the glass fiber market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the glass fiber industry. The glass fiber market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the glass fiber sector. Key strategic developments in the glass fiber market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the glass fiber market are appropriately highlighted in the report.

The rapid growth in the construction and transportation industries is the major factor driving the global glass fiber market. The rising construction activities in developing countries like Brazil, China, India, and South Africa is further projected to boost the adoption of glass fiber, thereby propelling the market growth. Moreover, multi-end roving glass fibers are projected to dominate the global glass fiber market owing to the increasing use of this type of fiber in the automotive and construction industry.

The glass fiber market research report delivers an acute valuation and taxonomy of the glass fiber industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the glass fiber industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the glass fiber industry is provided for the leading economies of the world.

The glass fiber market is segmented based on Type and Application.  On the basis of type segmentation, the market is classified into single-end roving, multi-end roving, fabrics, woven roving, CFM, CSM, CS, DUCS, and others. Based on the manufacturing process, the market is segregated into spray up, hand lay-up, injection molding, prepreg lay-up, pultrusion, resin infusion, compression molding, and others In terms of Application segmentation, the market is bifurcated into transportation, construction, pipe & tank, aerospace, electrical & electronics, wind energy, consumer goods, and others.

Report Scope

Some of the essential players operating in the glass fiber market, but not restricted to 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
• Nippon Sheet Glass

The taxonomy of the glass fiber market by its scope and segmentation is as follows:

By Product Type Segmentation Analysis

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

By Manufacturing ProcessSegmentation Analysis

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

By Application Segmentation Analysis

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

By 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