Glass Fiber Market by Type (C-Glass, E-Glass, S-Glass), Form (Chopped Strands, Rovings, Woven Rovings), Application, End-users - Global Forecast 2024-2030

Glass Fiber Market by Type (C-Glass, E-Glass, S-Glass), Form (Chopped Strands, Rovings, Woven Rovings), Application, End-users - Global Forecast 2024-2030

The Glass Fiber Market size was estimated at USD 21.64 billion in 2023 and expected to reach USD 22.82 billion in 2024, at a CAGR 5.68% to reach USD 31.86 billion by 2030.

Glass fiber is a material incorporating numerous extremely fine fibers of glass., produced by forcing molten glass through a sieve that spins it into threads, which are then woven together to form a flexible, durable fabric. This material is favored for its strong yet lightweight properties, making it a preferred choice in various industries including automotive, construction, and aerospace. The major factors driving the expansion of glass fiber usage include its low production cost, versatility, and superior mechanical properties such as strength and corrosion resistance. However, glass fiber does present some disadvantages, such as the potential risk of irritation when it comes in contact with the skin and its relative brittleness compared to metals. Nevertheless, rising demand for eco-friendly and sustainable building materials and the growth in renewable energy sectors present demanding scenarios for the adoption of glass fiber. Additionally, advancements in recycling technologies may provide further avenues for growth by making glass fiber production more environmentally friendly and cost-effective.

Regional Insights



In the Americas, the United States is a major player in the glass fiber market, with demand driven by the automotive and construction industries in making lightweight and durable composite materials. Renewed attention toward infrastructure and residential construction also propels the growth of glass fiber usage, particularly in reinforcing materials to enhance durability and reduce weight. Canada and Brazil also contribute to the regional market dynamics, with both countries experiencing growth in industries including wind energy, which uses glass fibers in turbine blades. In Europe, Germany, France, and the UK are key contributors to the glass fiber market. The implementation of strict environmental regulations has led to an increased use of glass fibers in vehicles and construction materials to reduce overall weight and improve energy efficiency. In the Middle East, the growth is largely attributed to the increase in construction activities, where glass fibers are used for their thermal and corrosion-resistant properties. The Asia Pacific region is currently the fastest-growing region in the glass fibers market, driven by an extensive manufacturing base and significant investment in infrastructure, automotive, and electronics sectors. Glass fiber is critically important in modern manufacturing in this region, used in everything from vehicle parts to electronics and building materials.

Market Insights



Market Dynamics



The market dynamics represent an ever-changing landscape of the Glass Fiber Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers


Increased demand in construction and automotive industries
Supportive regulatory policies for sustainable materials
Growing penetration in renewable energy applications

Market Restraints


Fluctuation in raw material availability

Market Opportunities


Advancements in production technology
Collaborations and partnerships in r&d

Market Challenges


Limited product standardization in emerging markets

Market Segmentation Analysis


Type: Suitability of E-glass fibers in the composites industry owing to their excellent insulating properties
Application: Increasing demand for glass fibers in composites across various industries

Market Disruption Analysis


Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix



The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Glass Fiber Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis



The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Glass Fiber Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments




E-Works Mobility Collaborates with SGL Carbon for Cutting-Edge Battery Technology

E-Works Mobility has unveiled a transformation in its E-Works HEERO models by introducing new battery boxes crafted from glass fiber-reinforced plastic (GRP). This emerges from a strategic collaboration with SGL Carbon, which offers multiple advantages, including enhanced energy and raw material efficiency and improved safety. The lighter yet robust GRP casings are less heat conductive, ensuring better battery insulation and fire safety, and exhibit high corrosion resistance and electromagnetic compatibility.


Solvay Innovates with New Recycled Glass Fiber-Based PPS for Enhanced E-Mobility

Solvay has expanded its Supreme polymer series with the introduction of two innovative Ryton polyphenylene sulfide (PPS) grades, named Ryton Supreme HV and HF. These new materials are designed with recycled glass fibers to meet the advanced needs of the automotive industry, notably in electric vehicle applications. Ryton Supreme HV is tailored for high-voltage uses, promoting safer and more reliable power electronics components through its superior electrical and thermal properties, verified by a UL94 V0 flammability rating.


Ahlstrom's Strategic Expansion in Glass Fiber Tissue Production at Madisonville Plant

Ahlstrom expanded in the construction materials industry by completing a substantial investment in its Madisonville, KY, facility. This initiative enhances its manufacturing capabilities, particularly in glass fiber tissue products. The investment, which totals over USD 100 million over five years, aims to bolster North American production capacity and enrich its technical capabilities. Ahlstrom's FibRoc portfolio, noteworthy for being fluorocarbon-free with formaldehyde-free options, addresses market demands for eco-friendly building materials by offering enhanced protection against fire, moisture, and water.

Strategy Analysis & Recommendation



The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Glass Fiber Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles



The report delves into recent significant developments in the Glass Fiber Market, highlighting leading vendors and their innovative profiles. These include 3B - the fibreglass company, AGY Holding Corp., Binani Industries Ltd., China Jushi Co., Ltd., Chongqing Polycomp International Corp. (CPIC), CTG Group, Honeywell International Inc., Johns Manville, Mitsubishi Chemical Group Corporation, Montex Glass Fibre Industries Pvt. Ltd., Nippon Electric Glass Co.,Ltd., Owens Corning, PFG FIBER GLASS CORPORATION, Saint-Gobain Vetrotex, SGL Carbon, Sichuan Weibo New Material Group Co., Ltd., Taishan Fiberglass Inc, and Taiwan Glass Group.

Market Segmentation & Coverage



This research report categorizes the Glass Fiber Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
C-Glass
E-Glass
S-Glass
Form
Chopped Strands
Rovings
Woven Rovings
Application
Composite
Insulation
End-users
Automotive
Construction
Consumer Goods
Electrical
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

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