The global Glass fiber Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.2% during the review period (2022 to 2027)
Glass fiber Market Overview
Glass fibers are the materials made from the very fine fiber of glass which is a non-crystalline material with a short-range network structure. Glass fibers have mechanical properties nearly equal to other fibers, such as polymers and carbon fibers. Glass fiber material has properties such as high durability, flexibility, lightweight, sound absorption, thermal conductivity, and electrical performance. It is extensively in building materials due to its lightweight, fireproof, anti-corrosive, and good strength properties. Non-synthetic materials, such as panels, pipes, channels, and façade, also utilize glass fibers in several applications. Based on manufacturing process, the global glass fiber market is divided into transportation, marine, pipeline, & tank, construction, aircraft, electricity, wind power, consumer goods, and other systems. In addition, due to low signal input and RF detection, glass fiber is extensively used in the communication industry. Glass fiber is used as an eco-friendly material in the form of Glass-Fiber Reinforced Concrete (GRC). GRC provides buildings with a solid look without causing weight and environmental issues. So, there is great need for glass, carbon, aramid, and UHMWPE fiber-based composites in aerospace & defense, car & transportation, energy wind, and glass & industrial. Growth in the use of glass-fiber reinforced concrete acts as driving force for the market.
In August 2020, Jushi developed E9 ultra-high modulus glass fiber that exceeds 100GPa to fully support the development of large-scale and lightweight wind turbine blades. At the same time, Jushi's glass fiber intelligent manufacturing has been continuously promoted in the three major east, middle, and west bases, and the production efficiency has been greatly improved, and the product quality and product performance have been significantly improved, leading to the improvement of the competitiveness of the main material of wind turbine blades.
In June 2020, Vetrotex announced their recent purchase of Valmiera’s manufacturing facility in Dublin, GA. This investment will strengthen the company's presence in America.
What are the major Applications, Types and Regions for Glass fiber Market?
By Type, it is segmented into
General-Purpose Glass Fibers
Special-Purpose Glass Fibers
By Applications it is segmented into
Glass fiber Market Regional Analysis
Asia-Pacific dominates the glass fiber reinforced plastics composites market because of growing consumption of glass fiber reinforced plastics composites in various industries such as wind energy, construction and infrastructure, electrical and electronics and transportation.China is in the midst of a construction mega-boom. The country has the maxbuilding market in the world, making up 20% of all construction investment globally. The country alone is expected to spend nearly USD 13 trillion on buildings by 2030. According to National Development and Reform Commission (NDRC), the Shanghai plan includes the investment of USD 38.7 billion in the next three years, whereas Guangzhou has signed 16 new infrastructure projects with an investment of USD 8.09 billion.
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
The Glass fiber Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Glass fiber Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Glass fiber Market Report Scope?
Forecast Period 2022 to 2027 CAGR
CAGR of 5.2% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Glass fiber Report
Evaluate Glass fiber market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Glass fiber market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
What is the study period of this market?
The Glass fiber Market is studied from 2017 - 2027.
What is the growth rate of Glass fiber Market?
The Glass fiber Market is growing at a CAGR of 5.2% over the next 5 years.
What regions does this Glass fiber Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.