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Glass Fibers Market

Glass Fibers Market (Product: E-Class Glass Fiber and Performance Glass Fiber; Application: Building & Construction, Transportation, Industrial, Consumer Goods, Wind Turbine, Oil & Gas, and Others) -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Glass Fiber Market- An Overview

Glass fiber is a material comprising several thin glass particles. These glass particles are made from a non-crystalline material.

A TMR report projects the global glass fiber market to grow at a compound annual growth rate (CAGR) of 7.8% during the forecast period between 2019 and 2027. The valuation of the market in 2019 stood at US $ 11.35 Bn and is anticipated to grow to US $ 23.32 by 2027.

A few key characteristics of products in the glass fiber market include high tensile strength and stiffness, low weight, high temperature tolerance, and superb corrosion resistance. The glass fiber market products also have physical and mechanical characteristics, which are similar to carbon fibers and polymers.

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Building and Construction Industry Emerges as Prominent End-use Segment for Glass Fibers

A few prominent end-use industries for glass fiber products are aerospace and defense, building and construction, industrial, automation, consumer goods, and alternative energy.

The eco-friendly and lightweight nature of glass fibers have made them a suitable option in the building and construction industry. It is projected that the building and construction application segment will grow at a CAGR of 7.9% during the forecast period. In the building and construction industry, some of the application areas for glass fiber are in doors, windows, bathrooms, and shower stalls.

The increasing demand from the building and construction industry is expected to fuel the growth in the glass fiber market worldwide, in future. In addition to this, rising demand for fresh commercial and residential construction, as well as growing urbanization, have had a positive impact on the global glass fiber market.

Glass fibers are also used in wind turbines and it is predicted that this application segment will witness strong growth in future. Glass fibers are also present in products such as glass yarn, glass wool, and glass roving, which are widely used in insulation purposes.

The emergence of E-glass fiber has become crucial to the success of the global glass fiber market. E-glass fiber is now a preferred option because of its excellent tensile strength and low cost attributes.

Researchers have shown a keen interest in further understanding the properties of E-glass fiber because of its widespread applications. It is estimated that E-glass fibers will be used significantly in manufacturing processes in future.

Asia Pacific Anticipated to Dominate the Global Glass Fiber Market During Forecast Period

Asia Pacific accounted for a substantial share in the global glass fiber market in 2018, holding 48% of the share. It is projected to dominate the market during the forecast period as economies such as India and China are estimated to be large exporters of glass fiber during the assessment period.

Some of the important players in the global glass fiber market include Johns Manville, Jushi Group, AGY Holding Group, Owens Corning, and Saint-Gobain Vetrotex.

Many glass fiber market players worldwide have been engaging in research and development activities to improve their product quality, which could help develop a niche market in future.

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Emergence of Carbon Fiber Could Affect Glass Fiber Demand in Future

The global glass fiber market, however, does face its own set of challenges. One of them is the competition posed by carbon fiber, which has better mechanical features than glass fiber and as a result, is witnessing an increase in demand.

Carbon fiber provides high tensile strength and can withstand high temperatures and is corrosion resistant, as well. Another benefit of carbon fiber is that it is lighter than glass fiber.

Carbon fiber, in its composite form, has been used in areas such as construction, transportation, and wind energy and such benefits of the material is expected to make it a suitable option for the production process, across various industries, in future as well.

The other challenge faced is the complicated manufacturing process of glass fibers, which often leads to reduced profit margins. This factor may pose a threat to the growth of the global glass fiber market, in future.

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Global Glass Fibers Market: Segmentation

This report on the global glass fibers market provides segmentation of the market based on product, application, and region

Product
  • E-Class Glass Fiber
  • Performance Glass Fiber

Application
  • Building & Construction
  • Transportation
  • Industrial
  • Consumer Goods
  • Wind Turbine
  • Oil & Gas
  • Others

Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Frequently Asked Questions

What is the Glass Fibers Market Size?

Glass Fibers Market is expected to reach US$ 22.32 Bn By 2027

What is the CAGR for Glass Fibers Market?

Glass Fibers Market is estimated to rise at a CAGR of 7.8% during forecast period

What are the key factors driving the growth of Glass Fibers Market?

Increasing demand from the building and construction industry is expected to fuel the growth in the glass fiber market worldwide

Which region is more attractive for vendors in the Glass Fibers Market?

Asia Pacific is more attractive region for vendors in the Glass Fibers Market

Who are the key players in the Glass Fibers Market?

Some of the prominent vendors operating in the global glass fibers market are Jushi Group, Jiangsu Jiuding New Material Co. Ltd, Owens Corning, Nippon Electric Glass Co., CHONGQING POLYCOMP INTERNATIONAL CORP, and AGY Holding Corp, among others

    1. Executive Summary: Global Glass Fibers Market

    2. Market Overview

        2.1. Market Segmentation

        2.2. Market Definitions

        2.3. Market Trends

        2.4. Market Dynamics

            2.4.1. Drivers

            2.4.2. Restraints 

            2.4.3. Opportunities 

        2.5. Porter’s Five Forces Analysis

        2.6. Value Chain Analysis

        2.7. Regulatory Landscape 

    3. Global Glass Fibers Market Analysis and Forecast, by Product

        3.1. Key Findings

        3.2. Market Definitions

        3.3. Global Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

            3.3.1. E-Class Glass Fiber

            3.3.2. Performance Glass Fiber

        3.4. Global Glass Fibers Market Attractiveness Analysis, by Product

    4. Global Glass Fibers Market Analysis and Forecast, by Application

        4.1. Key Findings

        4.2. Market Definitions

        4.3. Global Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

            4.3.1. Building & Construction

            4.3.2. Transportation

            4.3.3. Industrial

            4.3.4. Consumer Goods

            4.3.5. Wind Turbine

            4.3.6. Others 

        4.4. Global Glass Fibers Market Attractiveness Analysis, by Application

    5. Global Glass Fibers Market Analysis and Forecast, by Region

        5.1. Global Glass Fibers Market Value (US$ Mn), by Region, 2018–2027

            5.1.1. North America

            5.1.2. Europe

            5.1.3. Asia Pacific

            5.1.4. Middle East & Africa

            5.1.5. Latin America

        5.2. Global Glass Fibers Market Attractiveness Analysis, by Region

    6. North America Glass Fibers Market Analysis and Forecast

        6.1. Key Findings

        6.2. North America Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        6.3. North America Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        6.4. North America Glass Fibers Market Value (US$ Mn), by Country/Sub-region, 2018–2027

            6.4.1. U.S.

            6.4.2. Rest of North America

        6.5. U.S. Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        6.6. U.S. Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        6.7. Rest of North America Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        6.8. Rest of North America Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        6.9. North America Glass Fibers Market Share and Attractiveness Analysis, by Product

        6.10. North America Glass Fibers Market Share and Attractiveness Analysis, by Application

        6.11. North America Glass Fibers Market Share and Attractiveness Analysis, by Country/Sub-region

    7. Europe Glass Fibers Market Analysis and Forecast

        7.1. Key Findings

        7.2. Europe Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        7.3. Europe Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        7.4. Europe Glass Fibers Market Value (US$ Mn), by Country/Sub-region, 2018–2027

            7.4.1. U.K.

            7.4.2. France

            7.4.3. Germany

            7.4.4. Italy

            7.4.5. Spain

            7.4.6. Rest of Europe

        7.5. U.K. Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        7.6. U.K. Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        7.7. France Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        7.8. France Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        7.9. Germany Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        7.10. Germany Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        7.11. Italy Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        7.12. Italy Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        7.13. Spain Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        7.14. Spain Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        7.15. Rest of Europe Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        7.16. Rest of Europe Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        7.17. Europe Glass Fibers Market Share and Attractiveness Analysis, by Product

        7.18. Europe Glass Fibers Market Share and Attractiveness Analysis, by Application

        7.19. Europe Glass Fibers Market Share and Attractiveness Analysis, by Country/Sub-region

    8. Asia Pacific Glass Fibers Market Analysis and Forecast

        8.1. Key Findings

        8.2. Asia Pacific Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        8.3. Asia Pacific Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        8.4. Asia Pacific Glass Fibers Market Value (US$ Mn), by Country/Sub-region, 2018–2027

            8.4.1. China

            8.4.2. Japan

            8.4.3. ASEAN

            8.4.4. Rest of Asia Pacific

        8.5. China Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        8.6. China Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        8.7. Japan Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        8.8. Japan Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        8.9. ASEAN Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        8.10. ASEAN Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        8.11. Rest of Asia Pacific Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        8.12. Rest of Asia Pacific Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        8.13. Asia Pacific Glass Fibers Market Share and Attractiveness Analysis, by Product

        8.14. Asia Pacific Glass Fibers Market Share and Attractiveness Analysis, by Application

        8.15. Asia Pacific Glass Fibers Market Share and Attractiveness Analysis, by Country/Sub-region

    9. Middle East & Africa Glass Fibers Market Analysis and Forecast

        9.1. Key Findings

        9.2. Middle East & Africa Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        9.3. Middle East & Africa Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        9.4. Middle East & Africa Glass Fibers Market Value (US$ Mn), by Country/Sub-region, 2018–2027

            9.4.1. GCC 

            9.4.2. South Africa

            9.4.3. Rest of Middle East & Africa

        9.5. GCC Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        9.6. GCC Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        9.7. South Africa Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        9.8. South Africa Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        9.9. Rest of Middle East & Africa Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        9.10. Rest of Middle East & Africa Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        9.11. Middle East & Africa Glass Fibers Market Share and Attractiveness Analysis, by Product

        9.12. Middle East & Africa Glass Fibers Market Share and Attractiveness Analysis, by Application

        9.13. Middle East & Africa Glass Fibers Market Share and Attractiveness Analysis, by Country/Sub-region

    10. Latin America Glass Fibers Market Analysis and Forecast

        10.1. Key Findings

        10.2. Latin America Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        10.3. Latin America Glass Fibers Market Value (US$ Mn), by Country/Sub-region, 2018–2027

            10.3.1. Brazil

            10.3.2. Rest of Latin America

        10.4. Brazil Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        10.5. Brazil Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        10.6. Rest of Latin America Glass Fibers Market Value (US$ Mn), by Product, 2018–2027

        10.7. Rest of Latin America Glass Fibers Market Value (US$ Mn), by Application, 2018–2027

        10.8. Latin America Glass Fibers Market Share and Attractiveness Analysis, by Product

        10.9. Latin America Glass Fibers Market Share and Attractiveness Analysis, by Application

        10.10. Latin America Glass Fibers Market Share and Attractiveness Analysis, by Country/Sub-region

    11. Competition Landscape

        11.1. Competition Matrix, by Key Players

        11.2. Global Glass Fibers Market Share Analysis, by Company, 2018

        11.3. Product Mapping

        11.4. Company Profiles

            11.4.1. AGY Holding Corp.

                11.4.1.1. Company overview

                11.4.1.2. Product portfolio

                11.4.1.3. Financial overview

                11.4.1.4. Business strategy

                11.4.1.5. Recent developments

            11.4.2. CHONGQING POLYCOMP INTERNATIONAL CORP (CPIC)

                11.4.2.1. Company overview

                11.4.2.2. Product portfolio

                11.4.2.3. Financial overview

                11.4.2.4. Business strategy

                11.4.2.5. Recent developments

            11.4.3. Jiangsu Jiuding New Material Co. Ltd

                11.4.3.1. Company overview

                11.4.3.2. Product portfolio

                11.4.3.3. Financial overview

                11.4.3.4. Business strategy

                11.4.3.5. Recent developments

            11.4.4. Jushi Group

                11.4.4.1. Company overview

                11.4.4.2. Product portfolio

                11.4.4.3. Financial overview

                11.4.4.4. Business strategy

                11.4.4.5. Recent developments

            11.4.5. Johns Manville

                11.4.5.1. Company overview

                11.4.5.2. Product portfolio

                11.4.5.3. Financial overview

                11.4.5.4. Business strategy

                11.4.5.5. Recent developments

            11.4.6. Nippon Electric Glass Co., Ltd.

                11.4.6.1. Company overview

                11.4.6.2. Product portfolio

                11.4.6.3. Financial overview

                11.4.6.4. Business strategy

                11.4.6.5. Recent developments

            11.4.7. Owens Corning

                11.4.7.1. Company overview

                11.4.7.2. Product portfolio

                11.4.7.3. Financial overview

                11.4.7.4. Business strategy

                11.4.7.5. Recent developments

            11.4.8. PPG Industries, Inc.

                11.4.8.1. Company overview

                11.4.8.2. Product portfolio

                11.4.8.3. Financial overview

                11.4.8.4. Business strategy

                11.4.8.5. Recent developments

            11.4.9. Saint-Gobain Vetrotex

                11.4.9.1. Company overview

                11.4.9.2. Product portfolio

                11.4.9.3. Financial overview

                11.4.9.4. Business strategy

                11.4.9.5. Recent developments

            11.4.10. Taishan Fiberglass, Inc.

                11.4.10.1. Company overview

                11.4.10.2. Product portfolio

                11.4.10.3. Financial overview

                11.4.10.4. Business strategy

                11.4.10.5. Recent developments

    12. Primary Research - Key Insights

    13. Appendix

        13.1. Research Methodology and Assumptions 

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Glass Fibers Market

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