NEW YORK, Oct. 4, 2023 /PRNewswire/ — The fiberglass market size is expected to grow by USD 4.74 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 6.59% during the forecast period, according to Technavio. An increase in residential and commercial construction is notably driving the fiberglass market. However, factors such as the Availability of substitutes for fiberglass may impede the market growth. The market is segmented by Application (Composites and Insulation), End-user (Construction, Automotive, Aerospace, Wind Energy, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the fiberglass market including 3B the fiberglass Co., AGY Holding Corp., ATKINS and PEARCE Inc., Berkshire Hathaway Inc., China Jushi Co. Ltd., Compagnie de Saint Gobain, Glassfibre and Allied Industries, Ideal Fibre Glass Industry, Knauf Insulation, Mecolam Engineering Pvt. Ltd. , Montex Glass Fibre Industries Pvt. Ltd., Nan Ya Plastic Corp., Newlook Fibre Industries, Nippon Electric Glass Co. Ltd., Owens Corning, Phelps Industrial Products LLC, Sinoma Science and Technology Co. Ltd., Trelleborg AB, Yoshino Gypsum Co. Ltd., and Yuntianhua Group Co. Ltd. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request Free Sample Report.
Fiberglass Market 2023-2027: Company Analysis
ATKINS and PEARCE Inc – The company offers fiberglass such as Suflex Acryflex F fiberglass sleeving which is a class F electrical insulation, manufactured by impregnating and coating a finely braided fiberglass sleeving with a dielectric film of acrylic resin.
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Fiberglass Market 2023-2027: Segmentation
- The composites segment is estimated to witness significant growth during the forecast period. Heterogeneous composites are crafted by assembling two or more components that include fillers or reinforcing fibers within a compactable matrix. The matrix material can originate from various sources, including polymers, metals, or ceramics. In these composites, the reinforcing fibers shoulder the majority of the structural load, contributing essential properties such as shape retention, surface appearance, environmental resilience, and overall durability. This, in turn, results in increased macroscopic stiffness and strength. Composite materials offer a unique advantage by combining the most desirable characteristics of their individual components while mitigating their less desirable traits. In the automotive sector, reinforced plastics (FRP) composites are increasingly adopted to enhance fuel efficiency and reduce carbon dioxide emissions. Consequently, these factors are anticipated to drive the growth of the FRP composite segment, thereby fostering overall market growth during the forecast period.
- APAC is estimated to contribute 36% to the growth of the global market during the forecast period. The robust growth of the global fiberglass market in the Asia-Pacific (APAC) region is notably driven by the widespread adoption of fiberglass in various key industries, including construction, automotive, electronics, and electrical sectors. Moreover, factors such as an increase in per capita income have led to a surge in construction activities, further bolstering the demand for fiberglass in the region. Among the standout contributors to the growth of the global fiberglass market in APAC are countries like China, India, and Japan. For instance, in China, rapid industrialization has spurred infrastructural developments, creating a significant demand for fiberglass in the region. These collective factors are poised to drive substantial market growth in the APAC region throughout the forecast period.
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Fiberglass Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist fiberglass market growth during the next five years
- Estimation of the fiberglass market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the fiberglass market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of fiberglass market companies
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Fiberglass Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.59% |
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Market growth 2023-2027 |
USD 4.74 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
5.73 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 36% |
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Key countries |
US, Canada, China, Japan, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3B the fiberglass Co., AGY Holding Corp., ATKINS and PEARCE Inc., Berkshire Hathaway Inc., China Jushi Co. Ltd., Compagnie de Saint Gobain, Glassfibre and Allied Industries, Ideal Fibre Glass Industry, Knauf Insulation, Mecolam Engineering Pvt. Ltd. , Montex Glass Fibre Industries Pvt. Ltd., Nan Ya Plastic Corp., Newlook Fibre Industries, Nippon Electric Glass Co. Ltd., Owens Corning, Phelps Industrial Products LLC, Sinoma Science and Technology Co. Ltd., Trelleborg AB, Yoshino Gypsum Co. Ltd., and Yuntianhua Group Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio