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Glass Fiber Reinforcement Materials by Type (Roving, Woven Roving, Fabrics, Chopped Strand, Others), by Application (Construction, Transportation, Industrial, Consumer Goods, Wind Energy, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2026-2034
The global glass fiber reinforcement materials market is projected to grow from $9788.7 million in 2025 to $13,929.3 million by 2033, exhibiting a CAGR of 4.5% during the forecast period. The increasing demand for lightweight and durable materials in various industries, such as construction, transportation, and industrial, is driving the market growth. Moreover, the rising adoption of glass fiber reinforcement materials in wind energy applications is further contributing to the market expansion.
Glass Fiber Reinforcement Materials Market Size (In Million)
750.0M
600.0M
450.0M
300.0M
150.0M
0
500.0 M
2023
600.0 M
2024
700.0 M
2025
The market is segmented based on type into roving, woven roving, fabrics, chopped strand, and others. The fabrics segment holds a significant market share due to its wide application in roofing, flooring, and wall coverings. In terms of application, the construction segment dominates the market owing to the increasing use of glass fiber reinforcement materials in infrastructure projects, such as bridges, buildings, and roads. The transportation segment is also witnessing notable growth, driven by the demand for 軽量材料 in the automotive and aerospace industries. Key industry players include PPG Fiberglass, Owens Corning, Taishan Fiberglass, Jushi Group, and 3B-Fiberglass, among others.
Glass Fiber Reinforcement Materials Company Market Share
The global Glass Fiber Reinforcement Materials market size was valued at USD 13.1 billion in 2022 and is projected to reach USD 20.3 billion by 2027, growing at a CAGR of 8.1% from 2022 to 2027.
Glass Fiber Reinforcement Materials Trends
The increasing demand for lightweight and high-strength materials, particularly in the construction, transportation, and wind energy sectors, is a key trend driving the growth of the glass fiber reinforcement materials market. The growing popularity of composites and the rising adoption of glass fibers in non-traditional applications, such as consumer goods and medical devices, are also contributing to the market expansion. Furthermore, the increasing focus on sustainability and the use of eco-friendly materials is boosting the adoption of glass fiber reinforcement materials as a viable alternative to traditional materials.
Driving Forces: What's Propelling the Glass Fiber Reinforcement Materials
The primary driving forces propelling the growth of the glass fiber reinforcement materials market include:
Increasing demand for lightweight and high-strength materials: Glass fiber reinforcement materials offer a combination of lightweight and high strength, making them ideal for various applications where weight reduction and enhanced durability are crucial.
Growing popularity of composites: Composites, which are made by combining glass fibers with other materials such as polymers, are becoming increasingly popular due to their superior strength-to-weight ratio and versatility.
Rising adoption in non-traditional applications: Glass fiber reinforcement materials are finding applications in a wider range of industries beyond the traditional construction and transportation sectors, including consumer goods, medical devices, and sporting goods.
Focus on sustainability: The use of glass fiber reinforcement materials aligns with the growing emphasis on sustainability, as they offer durability, energy efficiency, and the potential for recycling.
Challenges and Restraints in Glass Fiber Reinforcement Materials
Despite the growth potential, the glass fiber reinforcement materials market faces certain challenges and restraints:
Volatility in raw material prices: The cost of raw materials, such as glass and chemicals, can fluctuate, impacting the overall production costs of glass fiber reinforcement materials.
Competition from alternative materials: Glass fiber reinforcement materials face competition from alternative materials such as carbon fiber and other high-performance fibers, which may offer advantages in specific applications.
Environmental concerns: The production and disposal of glass fiber reinforcement materials can pose environmental concerns, which require proper management and recycling practices.
Key Region or Country & Segment to Dominate the Market
The Asia Pacific region is expected to dominate the glass fiber reinforcement materials market throughout the forecast period, primarily driven by the growing demand from the construction, transportation, and wind energy sectors in emerging economies such as China and India.
In terms of application, the construction segment is projected to hold the largest market share, followed by the transportation and wind energy segments. The increasing use of glass fiber reinforcement materials in building and infrastructure projects, as well as the growing demand for lightweight and durable vehicles and wind turbine blades, are major factors contributing to the dominance of these segments.
Growth Catalysts in Glass Fiber Reinforcement Materials Industry
Several factors are expected to contribute to the growth of the glass fiber reinforcement materials industry:
Technological advancements: Continuous advancements in glass fiber manufacturing technologies are leading to the development of stronger, lighter, and more versatile products.
Investments in infrastructure: Government and private investments in infrastructure projects, including roads, bridges, and wind farms, are expected to drive demand for glass fiber reinforcement materials.
Environmental regulations: Stringent environmental regulations promoting the use of sustainable materials are expected to benefit the growth of glass fiber reinforcement materials.
Leading Players in the Glass Fiber Reinforcement Materials
Some of the leading players in the glass fiber reinforcement materials market include:
PPG Fiberglass
Owens Corning
Taishan Fiberglass
Jushi Group
3B-Fiberglass
China Fiberglass Company
BASF SE
AGY Holding Corp.
Jiangsu Jiuding New Material Co. Ltd
Advanced Glassfiber Yarns
Chongqing Polycomp International Corp
Nippon Electric Glass Co., Ltd.
Saint-Gobain Vetrotex
Asahi Glass
Johns Manville
Ahlstrom GlassFibre OY
Shanghai Xiao-Bao FRP
Formax (UK) Ltd.
Gunther Kast GmbH
LANXESS AG
Significant Developments in Glass Fiber Reinforcement Materials Sector
Recent significant developments in the glass fiber reinforcement materials sector include:
In 2022, Owens Corning announced plans to invest $180 million in its Anderson, South Carolina facility to expand production capacity for glass fiber reinforcements.
In 2021, Saint-Gobain acquired Continental Structural Plastics, a leading manufacturer of composite materials for the transportation industry.
In 2020, Jushi Group launched a new line of high-performance glass fiber reinforcements for the wind energy sector.
Table 91: Rest of Asia Pacific Glass Fiber Reinforcement Materials Revenue (million) Forecast, by Application 2020 & 2033
Table 92: Rest of Asia Pacific Glass Fiber Reinforcement Materials Volume (K) Forecast, by Application 2020 & 2033
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders
Secondary Research
Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Glass Fiber Reinforcement Materials?
The projected CAGR is approximately 4.5%.
2. Which companies are prominent players in the Glass Fiber Reinforcement Materials?
Key companies in the market include PPG Fiberglass, Owens Corning, Taishan Fiberglass, Jushi Group, 3B-Fiberglass, China Fiberglass Company, BASF SE, AGY Holding Corp., Jiangsu Jiuding New Material Co. Ltd, Advanced Glassfiber Yarns, Chongqing Polycomp International Corp, Nippon Electric Glass Co., Ltd., Saint-Gobain Vetrotex, Asahi Glass, Johns Manville, Ahlstrom GlassFibre OY, Shanghai Xiao-Bao FRP, Formax (UK) Ltd., Gunther Kast GmbH, LANXESS AG, .
3. What are the main segments of the Glass Fiber Reinforcement Materials?
The market segments include Type, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD 9788.7 million as of 2022.
5. What are some drivers contributing to market growth?
N/A
6. What are the notable trends driving market growth?
N/A
7. Are there any restraints impacting market growth?
N/A
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3480.00, USD 5220.00, and USD 6960.00 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in million and volume, measured in K.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Glass Fiber Reinforcement Materials," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Glass Fiber Reinforcement Materials report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Glass Fiber Reinforcement Materials?
To stay informed about further developments, trends, and reports in the Glass Fiber Reinforcement Materials, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Glass Fiber Reinforcement Materials