The global Fiberglass Market size is projected to reach a CAGR of 6.50% from 2023-2030.
Fiberglass is a material made from small threads of plastic glass. It is a form of fiber-reinforced plastic where glass fiber is in the reinforced plastic. It is also known as glass-reinforced plastic or glass fiber-reinforced plastic. The glass is usually flattened into a sheet randomly arranged or woven into a fabric. It is lightweight, strong, and less brittle. It is also flexible enough to be able to get moulded into various shapes.
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It is one of the widely preferred materials used in industrial gaskets as it provides better insulation and protects the machinery as well. It is also used in the brewery industry for bottling lines and brewhouses.
Recent Developments
April 13, 2022, SGL Carbon presents carbon fiber material and forged carbon fiber composite solutions for automotive series production and industrial applications. At this year’s JEC World, SGL is expected to present the so-called stacks, precisely tailored and customer-specifically assembled packages of carbon fiber layers. Experts at SGL Carbon are working closely with their customers to make component production with the material carbon particularly efficient and to integrate it optimally into existing customer processes.
In July 2021, Owens Corning acquired Vliepa GmbH to broaden its non-woven product catalog, aiming to serve the building and construction sector in the European region.
Prominent Players
- AGY Holding Corp
- Saint-Gobain ADFORS
- CertainTeed Corporation
- Saint-Gobain Verotex
- Knauf Insulation
- Asahi Fiberglass Co Ltd
- PFG Fiber Glass Co Ltd
- Taiwan Glass Ind Corp
- Binani 3B-the Fiberglass Company
- Johns Manville Corp
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Asia Pacific to Dominate the Market
Asia Pacific is the largest and fastest-growing market for fiberglass globally. The increasing focus on emission control policies and the growing demand for eco-friendly products has led to technological advancements in the field of composites. The replacement of traditional materials, such as steel and aluminum, with fiberglass is contributing to the growth of the fiberglass market in the Asia Pacific.
Additionally, the rising demand for fiberglass from various industries, such as construction, transportation, automotive, and electronics, is expected to drive the growth of the fiberglass market in the region.
Fiberglass Market Segmentation:
On the basis of glass
- H-Glass
- AR Glass
- S-Glass
- ECR Glass
- E-Glass
- Others
On the basis of resin
- Thermostat Resins
- Thermoplastic Resins
On the basis of product
- Chopped Strand
- Yarn
- Direct and Assembled Roving
- Glass Wool
- Others
On the basis of the application
- Composites
- Insulation
Based on region:
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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Frequently Asked Questions
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In addition to the market data for Fiberglass Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirement.
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