Global Fiberglass Market - 2023-2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,350	195 Pages	DataM Intelligence 4Market Research LLP	June, 2023	DTAM18001056

Best Price Guarantee
Price	from $4,350
Length	195 Pages
Publisher	DataM Intelligence 4Market Research LLP
Published Date	June, 2023
SKU	DTAM18001056

Global Fiberglass Market - 2023-2030

The Global Fiberglass Market reached US$ 17.6 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 26 billion by 2030. The market is growing at a CAGR of 5.0% during the forecast period 2023-2030.

The Global Fiberglass Market is a thriving industry that plays a crucial role in various sectors, including construction, automotive, aerospace, wind energy, and marine. The increasing demand from the construction industry is one of the main drivers of Global Fiberglass Market growth. The volatile prices of raw materials are a key factor in inhibiting the growth of the Global Fiberglass Market.

Market Dynamics

Growth Of The Global Construction Industry

The construction sector is a major driver of the fiberglass market. The increasing focus on infrastructure development, residential construction, and commercial projects fuels the demand for fiberglass products. Fiberglass is extensively used in insulation, roofing, pipes, wall panels, and reinforcement for concrete structures. The need for energy-efficient buildings and sustainable construction practices further amplifies the demand for fiberglass insulation and other construction-related applications.

Rising Adoption of Renewable Energy

The renewable energy sector, particularly wind energy, significantly contributes to the demand for fiberglass materials. Fiberglass composites are used in the production of wind turbine blades. The lightweight and high-strength properties of fiberglass make it an ideal material for constructing long and durable wind turbine blades that can efficiently harness wind energy.

As the demand for clean and sustainable energy sources increases, the growth of the wind energy sector drives the development of the Global Fiberglass Market.

COVID-19 Impact Analysis

The Global Fiberglass Market experienced a decline due to the COVID-19 pandemic. However, the pandemic is not expected to impact the market’s long-term growth. The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war has had a measurable impact on the global fiberglass market. The conflict has disrupted supply chains, particularly for raw materials used in fiberglass production.

Ukraine is a significant global supplier of minerals like silica sand and other materials essential for fiberglass manufacturing. Disruptions in the region can lead to shortages or price volatility, affecting the global fiberglass market's overall availability and cost of raw materials.

Segment Analysis

The Global Fiberglass Market is segmented based on product, glass type, application and region.

Due To Its Versatility And Excellent Properties, Glass Wool Is Leading Within the Product Segment

Glass wool has a significant share of nearly 39% in the Global Fiberglass Market. Glass wool is produced by melting glass and spinning it into fine fibers. The fibers are then collected and processed into mats, rolls, or boards, forming a soft and lightweight material. It is primarily used for thermal and acoustic insulation in buildings, industrial facilities, and HVAC (Heating, Ventilation, and Air Conditioning) systems. Glass wool has excellent fire resistance and thermal and acoustic insulation properties. Furthermore, it can be adopted in various forms.

Geographical Analysis

A Large Aviation Industry Makes North America A Key Region For The Global Fiberglass Market

The North American fiberglass market is growing at a CAGR of 4.5%. North America's aerospace and aviation sectors are globally significant, with major manufacturers, research facilities, and industry players based in the region. Fiberglass composites find extensive applications in aircraft components, including fuselages, wings, interior structures, and rotor blades. The demand for lightweight materials in the aerospace industry drives the use of fiberglass, contributing to the growth of the fiberglass market in North America.

Competitive Landscape

The major global players include China Jushi Co., Ltd., Owens Corning, PPG Industries, Inc., Chongqing Polycomp International Corp. (CPIC), Nippon Electric Glass Co., Ltd., Binani 3B-The Fibreglass Company, Taiwan Glass Ind. Corp., Johns Manville Corp., PFG Fiber Glass (Kunshan) Co., Ltd. and Asahi Fiberglass Co., Ltd.

Why Purchase the Report?
• To visualize the Global Fiberglass Market segmentation based on product, application and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of fiberglass market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Fiberglass Market Report Would Provide Approximately 53 Tables, 54 Figures And 195 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

1. Methodology and Scope: 1.1. Research Methodology; 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary: 3.1. Snippet by Product; 3.2. Snippet by Glass Type; 3.3. Snippet by Application; 3.4. Snippet by Region
4. Dynamics: 4.1. Impacting Factors; 4.1.1. Drivers; 4.1.1.1. Growth of the global construction industry; 4.1.1.2. Rising Adoption of Renewable Energy; 4.1.2. Restraints; 4.1.2.1. Volatile prices of raw materials; 4.1.3. Opportunity; 4.1.4. Impact Analysis
5. Industry Analysis: 5.1. Porter's Five Force Analysis; 5.2. Supply Chain Analysis; 5.3. Pricing Analysis; 5.4. Regulatory Analysis
6. COVID-19 Analysis: 6.1. Analysis of COVID-19; 6.1.1. Before COVID-19 Scenario; 6.1.2. During COVID-19 Scenario; 6.1.3. Post COVID-19 or Future Scenario; 6.2. Pricing Dynamics Amid COVID-19; 6.3. Demand-Supply Spectrum; 6.4. Government Initiatives Related to the Market During Pandemic; 6.5. Manufacturers Strategic Initiatives; 6.6. Conclusion
7. By Product: 7.1. Introduction; 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 7.1.2. Market Attractiveness Index, By Product; 7.2. Glass Wool *; 7.2.1. Introduction; 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 7.3. Direct And Assembled Roving; 7.4. Yarn; 7.5. Chopped Strand; 7.6. Others
8. By Glass Type: 8.1. Introduction; 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glass Type; 8.1.2. Market Attractiveness Index, By Glass Type; 8.2. S-Glass*; 8.2.1. Introduction; 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 8.3. E-Glass; 8.4. C-Glass; 8.5. Ecr-Glass; 8.6. Ar-Glass; 8.7. A-Glass; 8.8. Others
9. By Application: 9.1. Introduction; 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 9.1.2. Market Attractiveness Index, By Application; 9.2. Plastics*; 9.2.1. Introduction; 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 9.3. Detergents; 9.4. Resins; 9.5. Synthetic Fibers; 9.6. Dyes; 9.7. Pesticides & Drugs; 9.8. Others
10. By Region: 10.1. Introduction; 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region; 10.1.2. Market Attractiveness Index, By Region; 10.2. North America; 10.2.1. Introduction; 10.2.2. Key Region-Specific Dynamics; 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glass Type; 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.2.6.1. The U.S.; 10.2.6.2. Canada; 10.2.6.3. Mexico; 10.3. Europe; 10.3.1. Introduction; 10.3.2. Key Region-Specific Dynamics; 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glass Type; 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.3.6.1. Germany; 10.3.6.2. The UK; 10.3.6.3. France; 10.3.6.4. Spain; 10.3.6.5. Italy; 10.3.6.6. Rest of Europe; 10.4. South America; 10.4.1. Introduction; 10.4.2. Key Region-Specific Dynamics; 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glass Type; 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.4.6.1. Brazil; 10.4.6.2. Argentina; 10.4.6.3. Rest of South America; 10.5. Asia-Pacific; 10.5.1. Introduction; 10.5.2. Key Region-Specific Dynamics; 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glass Type; 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.5.6.1. China; 10.5.6.2. India; 10.5.6.3. Japan; 10.5.6.4. Australia; 10.5.6.5. Rest of Asia-Pacific; 10.6. Middle East and Africa; 10.6.1. Introduction; 10.6.2. Key Region-Specific Dynamics; 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product; 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Glass Type; 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11. Competitive Landscape: 11.1. Competitive Scenario; 11.2. Market Positioning/Share Analysis; 11.3. Mergers and Acquisitions Analysis
12. Company Profiles: 12.1. China Jushi Co., Ltd *; 12.1.1. Company Overview; 12.1.2. Product Portfolio and Description; 12.1.3. Financial Overview; 12.1.4. Key Developments; 12.2. Owens Corning; 12.3. PPG Industries, Inc.; 12.4. Chongqing Polycomp International Corp. (CPIC); 12.5. Nippon Electric Glass Co., Ltd.; 12.6. Binani 3B-The Fibreglass Company; 12.7. Taiwan Glass Ind. Corp.; 12.8. Johns Manville Corp.; 12.9. PFG Fiber Glass (Kunshan) Co., Ltd.; 12.10. Asahi Fiberglass Co., Ltd.; LIST NOT EXHAUSTIVE
13. Appendix: 13.1. About Us and Services; 13.2. Contact Us