Fiberglass Market Size, Share & Industry Analysis, By Glass Type (E-Glass and Specialty), By Product (Glass Wool, Yarn, Roving, Chopped Strands, and Others), By Application (Transportation, Building & Construction, Electrical & Electronics, Pipe & Tank, Consumer Goods, Wind Energy, and Others), and Regional Forecast, 2024-2032

The global fiberglass market size was valued at USD 19.92 billion in 2024. The market is projected to grow from USD 21.02 billion in 2025 to USD 31.00 billion by 2032, exhibiting a CAGR of 5.68% during the forecast period. Asia Pacific dominated the fiberglass market with a market share of 51.81% in 2023. Moreover, the U.S. fiberglass market is projected to reach USD 3.79 billion by 2032, driven by its applications in construction, automotive, and renewable energy.

Fiberglass is a material made of thin fibers of glass. It can be used as reinforcement or transformed into a woven layer. Silica sand, soda ash, and limestone are major components of the product. Due to its high mechanical strength, lightweight nature, and chemical stability, it is used in a variety of applications, ranging from aircraft, boats, and automobiles to electronic goods, storage tanks, and pipes.

GLOBAL FIBERGLASS MARKET OVERVIEW

Market Size & Forecast:

• 2023 Market Size: USD 18.78 billion
• 2024 Market Size: USD 19.92 billion
• 2032 Forecast Market Size: USD 31.00 billion
• CAGR: 5.68% from 2024–2032

Market Share:

• Asia Pacific dominated the market in 2023 with a 51.81% share, rising from USD 9.35 billion in 2022 to USD 9.73 billion in 2023.
• By product, glass wool led due to strong insulation demand in residential and industrial buildings.
• By glass type, E-glass held the largest share for its durability, lightweight properties, and affordability across marine, aerospace, and industrial applications.
• By application, transportation dominated in volume, driven by zero-emission goals and lightweighting trends, while building & construction held a 19.3% share in 2023.
• In China, the building & construction segment alone is expected to account for 20.9% of the market in 2023.

Key Country Highlights:

• China & India: Rapid industrialization and urbanization fuel demand for fiberglass in insulation, infrastructure, and electronics.
• United States: Projected to reach USD 3.79 billion by 2032, driven by use in construction, automotive, and renewable energy sectors.
• Germany & France: Rising adoption of fiberglass in smart infrastructure and consumer electronics supports market growth.
• Canada: Focused on infrastructure and residential housing projects, contributing to growing fiberglass insulation demand.
• Middle East & Africa: Increasing government investments in energy-efficient building projects and smart cities drive regional growth.

Fiberglass Market Dynamics

Fiberglass Market Trends

Rising Demand for Lightweight Composites to Emerge as Prominent Market Trend

As environmental concerns grow, many industries are demanding lightweight composites to reduce their carbon footprint. In addition, increase in smart infrastructure construction is driving the application of this material to control overheating and maintain room temperature in buildings. Therefore, several government agencies around the world are investing more in the sustainable development of energy-efficient buildings, thereby increasing the product’s demand.

Additionally, numerous renovation and remodeling projects are replacing traditional building materials with fiberglass for greater structural stability and better insulation. Apart from that, significant growth in the renewable energy sector has increased the product’s demand for manufacturing various electrical devices for using safe and clean energy sources, such as tidal and wind power.

• Asia Pacific witnessed a fiberglass market growth from USD 9.35 billion in 2022 to USD 9.73 billion in 2023.

The growing automotive sector, along with the rising demand for fuel-efficient vehicles, is increasing the product’s use in panel assemblies, body panels, wheelhouse assemblies, front fascia, and battery boxes. It is also replacing metal-based substitutes for pipes, tanks, and subsea systems in the water treatment and oil & gas sectors. These factors will continue to drive the global fiberglass market growth in the coming years.

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Market Growth Drivers

Increasing Product Demand from Transportation Industry to Drive Market Growth

Glass fibers have been utilized in the transportation sector as reinforcement since mass-produced pultrusion approaches were first documented. A matrix of liquid resin was combined with continuous reinforced fabric strands to develop the structural integrity of the material, further allowing the glass wool to be developed into high-strength structural shapes. This material shows superior strength-to-weight ratio for the transport sector due to improved resistance to many corrosive media.

For transport applications, this material is ideal as they are lightweight, solid, rigid, offer excellent protection from external elements, can be shaped into any size & form, and have an excellent cosmetic finish. It is used in the automobile and wind energy industries owing to its low weight, high strength-to-weight ratio, and excellent longevity.

Moreover, structural reinforcements and crash protection systems are now progressively being produced using strengthened polymer materials. For instance, Chrysler, a vehicle brand owned by Stellantis, has been using fiberglass products to build a supporting beam for a blow-molded plastic fuel tank owing to the material’s advanced thermal characteristics and resistance to corrosion.

Due to the need for impact-resistant and lightweight materials, the marine and automotive sectors are using fiberglass on a large scale. To reduce carbon dioxide emissions, stringent regulations have been imposed on the automotive industry. It has encouraged the sector to introduce lightweight vehicles that are fuel-efficient to reduce greenhouse gas emissions. This composite material is also widely used as a substitute for aluminum and steel in the automotive industry to produce lightweight cars. This is expected to drive the market’s progress during the forecast period.

Market Restraint

Emission of Harmful Substances May Obstruct Market Growth

Fiberglass processing consumes high amounts of energy and resources. For each kilogram of molten glass, 1 kg of carbon dioxide (CO2) is released into the environment, in addition to nitrogen oxide (NOx), sulfur dioxide (SO2), chlorine, fluoride, Volatile Organic Compounds (VOCs), and particles.

In comparison, for every ton of molten glass, 17 GJ of electricity is consumed. Some 25% of this fiber is sent to landfills at the end of its life, amounting to around 250,000 tons/year in Europe. This results in a significant emission of harmful substances into the environment and a decrease in landfill space. Due to its characteristics, Glass Fiber Reinforced Polymer (GFRP) is widely accepted. It is neither fusible nor soluble by the polymeric portion's thermoset nature, thereby preventing direct re-melting or remolding. These fabrics typically contain a significant quantity of inorganic fillers in addition to glass and polymeric matrix, so they are difficult to recycle. GFRPs then typically end up in landfills or incinerators and have a detrimental environmental impact.

Thus, for the sustainable growth of the industry, the development of proper recycling technologies for glass wool and other composite materials is becoming crucial.

Market Opportunities

Growing Demand for Lightweight Solutions to Fuel Market Growth

Fiberglass has garnered significant attention in recent years due to its unique properties and versatile applications across various industries. This composite material, made from fine glass fibers, is renowned for its lightweight nature, durability, and resistance to corrosion, making it an ideal choice for numerous applications.

As the global demand for lightweight construction materials rises, the fiberglass market is poised for substantial growth. Key sectors, such as automotive, aerospace, marine, and construction are increasingly recognizing the advantages of fiberglass, such as enhanced performance and fuel efficiency. In the automotive industry, for instance, manufacturers are increasingly replacing traditional metal components with fiberglass to reduce weight and improve fuel economy. The shift toward electric vehicles further amplifies this demand as lightweight materials are crucial for optimal performance.

In the aerospace sector, the need for advanced composite materials is rising as they are critical for improving aircraft efficiency and performance. Fiberglass is being increasingly used in the manufacturing of aircraft components due to strict regulations on weight reduction and fuel consumption. Similarly, the marine industry employs fiberglass in boat building, thanks to its ability to withstand harsh marine environments.

The construction industry is also experiencing a surge in the demand for fiberglass composite materials to be used in both structural and non-structural applications. With the increasing emphasis on sustainable construction practices and the development of energy-efficient structures, fiberglass products are becoming a preferred choice. Moreover, emerging markets in Asia Pacific, particularly China and India, present lucrative opportunities due to rapid industrialization and urbanization. As infrastructure projects ramp up, the demand for fiberglass materials is set to grow.

Market Challenges

Challenges With Innovation and Sustainability Compliance to Hinder Market Growth

The fiberglass market, integral to various industries, such as automotive, construction, and aerospace, has been witnessing robust growth due to the material’s lightweight and high-strength properties. However, this sector faces several challenges that could impede its future expansion.

The primary challenge is the fluctuation in raw material prices. Fiberglass is produced from silica, resins, and other additives, and price volatility in these raw materials can significantly impact production costs. Manufacturers often find it difficult to pass these costs onto consumers without risking market share, leading to tighter profit margins.

Additionally, environmental concerns surrounding fiberglass production and disposal pose a significant hurdle. The manufacturing process is energy-intensive, contributing to greenhouse gas emissions. Furthermore, fiberglass products are not biodegradable, raising issues related to waste management and environmental sustainability. Increasing regulatory scrutiny and consumer demand for eco-friendly materials challenge the industry to innovate and develop more sustainable practices.

Impact of COVID-19

The declining sales of automobiles severely impacted the growth of the market during the COVID-19 pandemic. Demand for this material from manufacturers was affected by the shutdown of production activities and limited supply of auto parts. However, in June 2020, countries took initiatives to bring back the economic value chain on track by extending support to manufacturers to resume their operations. According to the European Automobile Manufacturers’ Association (ACEA), automotive sales rose by 10% in 2021 as compared to 2020. The situation gradually returned to normal, and manufacturers operating in the market started creating new opportunities due to increased product demand from the automotive sector.

Segmentation Analysis

By Product

Glass Wool Segment Dominated Market Owing to Rising Demand for Insulation Materials

Based on product, the market is segmented into glass wool, yarn, roving, chopped strands, and others.

The glass wool segment accounted for the largest market share in 2023. As a thermal and acoustic insulation material, glass wool is mainly used in indoor applications. Most commonly, it is applied under pitched roofs, wooden floors, or on inner walls. Glass wool is deployed inside the house as once it comes in contact with a damp area, it quickly loses its insulation value.

Glass filament packages are sliced into specified lengths to produce chopped strands of fiberglass. It is coated with a scale that maximizes processability and efficiency for end-use. It deals with compounding and injection molding technologies.

Chopped strands are used as reinforcement materials across the world in conjunction with high-performance resin, with a certain substance added to Fiber Reinforced Plastics (FRPs) and Fiber Reinforced Thermoplastics (FRTPs) for electronics and automobiles.

The yarn segment held 26% of the market share in 2025.

By Glass Type

E-Glass Segment Gained Momentum Due to Its Increasing Applications in Various End-use Industries

By glass type, the market is segmented into e-glass and specialty.

The e-glass segment held the largest market share and is likely to maintain this position during the forecast period as well. The segment is expected to capture 51% of the market share in 2025. E-glass is also known as electrical glass. It is produced from the oxides of magnesium, silicon, calcium, aluminum, and boron. Products made of e-glass are resistant to vibration and abrasion, and have excellent flexibility. This cloth is a plastic material widely used in marine, aerospace, and industrial applications and is lightweight. E-glass fabric is considered the industry standard and offers an exceptional cost-performance balance and hence, is widely used in market. Increasing use of environment-friendly boron-free fibers is expected to drive the segment’s growth during the forecast period.

The specialty segment includes S-glass, ECR-glass, D-glass, AR glass, and others. The segment is likely to record a CAGR of 4.75% during the forecast period. These glasses are used in building & construction, renewable energy, electronics and healthcare applications on account of improved strength, high electrical conductivity, and acid corrosion resistance. Growing demand from aforementioned end-use industries is expected to drive demand during the forecast period.

By Application

Transportation Segment Held Leading Market Share Owing to Rising Demand for Zero-Emission Transport

Based on application, the market is segmented into transportation, building & construction, electrical & electronics, pipe & tank, consumer goods, wind energy, and others.

The transportation segment held the largest market share in terms of volume due to stringent government regulations, such as the carbon emission targets in Europe and the U.S. CAFE standards. The segment is expected to hold 25% of the market share in 2025. These rules have created pressure on OEMs to include lightweight materials to reduce the overall weight of the vehicles.

Increasing construction activities in emerging economies and the rising use of insulation in buildings are expected to be the key drivers for the market’s growth. Also, the increasing demand for energy conservation, improved waterproofing and thermal insulation for commercial and residential applications is anticipated to increase the product’s demand for building & construction segment during the forecast period.

In the automotive, aerospace, and marine sectors, the increasing trend of replacing heavier metal components with lighter-weight materials is expected to create immense growth opportunities for the market.

The pipe & tank segment is expected to record a CAGR of 4.35% during the forecast period.

Fiberglass Market Regional Outlook

The global market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific

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Asia Pacific is the largest market which contributed USD 9.73 billion in 2023. The regional market value in 2024 was USD 10.43 billion. Rising demand in the construction industry of developing countries, such as India, China, Indonesia, and Thailand is projected to boost the market’s expansion in the region. The product’s use in electrical and thermal insulation, coupled with rapid growth in industrialization and government spending in the construction sector, is projected to boost the regional market’s growth. The market in China is expected to hit USD 5.83 billion in 2025, whereas India is likely to reach USD 1.68 billion and Japan is projected to hit USD 1.05 billion in 2025.

North America

North America is anticipated to account for the second-highest market size of USD 5.02 billion in 2025, exhibiting the second-fastest growing CAGR of 5.41% during the forecast period. The growing residential sector in North America is expected to drive the market’s growth. Low-interest rates on housing finance and wage increase are the factors boosting the demand for housing units. Hence, there is a rise in the construction of buildings across the U.S. and Canada. The construction of housing units rebounded from 2021 onwards as the ongoing investment in infrastructure and smart city schemes lent momentum to the region’s construction industry. While the U.S. leads in market size and innovation with USD 3.77 billion, Canada is focused on infrastructure development. The U.S. market size is expected to be USD 4.21 billion in 2025.

The growing construction sector in North America is expected to drive the market’s growth. In the building & construction industry, the product is primarily used as insulation, cladding, surface coating, and roofing raw material.

Europe

The consumer electronics industry is in a mature phase in Europe and is supported by a high technology connectivity environment. The growing popularity of the concept of smart workplaces and smart homes is boosting the demand for consumer electronics, such as smart TVs, smart refrigerators, smart air conditioners, and more. Thus, the growing consumer electronics sector in the region is anticipated to fuel the market’s expansion. The region is to be anticipated as the third-largest market with USD 3.84 billion in 2025. The market value in U.K. is expected to be USD 0.58 billion in 2025.

On the other hand, Germany is projecting to hit USD 1.12 billion and France is likely to hold USD 0.67 billion in 2025.

Latin America is expected to be the fourth-largest market size with a value of USD 0.71 billion in 2025.

The GCC market size is estimated to be USD 0.16 billion in 2025.

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Competitive Landscape

Key Players in Fiberglass Market

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Owens Corning, Nippon Electric Glass Co., Ltd., Saint-Gobain Vetrotex, China Jushi Co., Ltd., and Shandong Fiberglass Group Corp are the top players in the fiberglass market. The market is moderately consolidated, with the top 5 players accounting for around 30% of its share.

List of Key Companies In Fiberglass Market:

Key Players are Adopting Business Expansion Strategies to Maintain Their Market Positions

The global market is fragmented with key players, such as LANXESS, Owens Corning, 3B - The Fiberglass Company, Shandong Fiberglass Group Corp., and Nippon Electric Glass Co., Ltd. They are expanding their business to gain a strong competitive edge in the industry and alleviate the threat of new entrants.

They are also fiercely competing with international and regional players with extensive distribution networks, regulatory know-how, and suppliers. In addition, they are signing contracts and engaging in acquisitions and strategic partnerships with other market leaders to expand their global presence.

LIST OF KEY COMPANIES PROFILED:

• LANXESS (Germany)
• Owens Corning (U.S.)
• 3B - The Fiberglass Comp (Belgium)
• Shandong Fiberglass Group Corp. (China)
• Nippon Electric Glass Co., Ltd (Japan)
• Taishan Fiberglass Inc. (CTG) (China)
• Chongqing Polycomp International Corp. (China)
• Johns Manville (U.S.)
• Saint-Gobain Vetrotex (France)
• China Jushi Co., Ltd. (China)
• Taiwan Glass Industry Corporation (Taiwan)
• PFG Fiber Glass Corporation (Taiwan)
• Asahi Fiber Glass Co., Ltd. (Japan)
• Knauf Insulation (U.S.)
• KCC Corporation (South Korea)

KEY INDUSTRY DEVELOPMENTS:

• February 2024- LANXESS Performance Materials, a joint venture of LANXESS and Advent International for high-performance engineering polymers, presented a range of modern and lightweight solutions with high-performance plastics for the automotive, two-wheeler, and e-mobility industries at PLASTINDIA 2023 from 1^st to 5^th The company also exhibited select applications of high-performance plastics in the electronics & electrical industry.
• April 2023- Saint-Gobain acquired Twiga Fiberglass Ltd., based in Uttar Pradesh, India. Twiga is a manufacturer of glass wool and has two manufacturing facilities. It uses technology from Saint-Gobain. This acquisition was expected to cement Saint Gobain’s position in façade and interior solutions in India.
• August 2022- Owens Corning launched a new PINK Next Gen Fiberglass insulation. The new insulation solution enables up to 23% faster installation as compared to the company’s existing products. The new advanced fiber technology creates a tightly woven network of soft, fine fibers that is said to be super-resilient and forms a blanket of insulating micro-pockets.
• June 2022- Owens Corning and Pultron Composites signed an agreement to form a joint venture and manufacture fiberglass rebar. The agreement solidified the company’s commitment to providing high-performance concrete reinforcement products in a sustainable manner.
• January 2021- Johns Manville announced the launch of a thermal recycling unit for glass fiber waste. The unit had a projected recycling capacity of more than 3 tons per hour and was expected to keep over 10,000 tons of waste out of landfills annually.

REPORT COVERAGE

The report provides a detailed analysis of the market and focuses on crucial aspects, such as leading companies, products, and end-use industries. Also, the report offers insights into market trends and highlights vital industry developments. In addition to the factors mentioned above, the report encompasses various factors that have contributed to the market's growth in recent years. This report includes historical data & forecasts revenue growth at global, regional, and country levels and analyzes the industry's latest dynamics and opportunities.

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Report Scope & Segmentation