Fiberglass Market to Witness an Outstanding Growth During 2022-2027

The Global Fiberglass Market size will grow from US$ 13,443.7 Million in 2021 to US$ 18,648.7 Million by 2027, registering a tremendous compound annual growth rate (CAGR) of 5.6% during the study period, i.e., 2022-2027.

According to a recently released competitive intelligence analysis by Astute Analytica. This study provides a thorough overview and precise insights into future developments in the worldwide Fiberglass industry. It will provide a thorough study of this market, taking into interpretation current events, trending projections, anticipated business openings, and data-based forecasts (2022-2030).


This research offers a more comprehensive perspective of the market dynamics by concentrating on product and geographical interpretations. Important data about the current and anticipated revenues of different international industry companies, and the products they provide as a part of the Fiberglass landscape, will also be included in our in-depth analysis. In order to provide a deeper knowledge of the numerous elements that validate our research findings, competitive frameworks, including Porter’s Five Forces analysis, a BCG matrix, and SWOT and PESTLE analysis will be described in an understandable manner.


The Global Fiberglass Market size will grow from US$ 13,443.7 Million in 2021 to US$ 18,648.7 Million by 2027, registering a tremendous compound annual growth rate (CAGR) of 5.6% during the study period, i.e., 2022-2027.

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Regional Insights:

As economies reopen and countries are lifting limitations, the US chemical industry is forecast for a significant recovery in 2022, which could boost plant utilization rates that were affected hard by the pandemic. In the United States, industrial production is forecast to increase by 5.5 percent in 2021 and 4.3 percent in 2022. Chemical volumes in the United States are forecast to rise 1.5 % in 2021 and 3.0% in 2022, while shipments to rise 8.0 % in 2021 and 2022, following a 13.5% drop in 2020.

The Asia Pacific region size value was 36.0% market share, maintaining the largest market share across all regions. As a result of the existence of critical developing economies such as China, India, and Japan in this region, recording the largest market share in the market. Paints and coatings, water treatment, personal care ingredients and cosmetics, electronics, agriculture, and other sectors employ chemicals throughout the Asia-Pacific area. For foreign investors, these places provide excellent investment options. China was the largest specialty chemical market in Asia in 2019, accounting for about 38.9% of the global market. India came in second with a 23.1% share of the total market.

COVID-19 Impact:

Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies’ stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.

Major Key Players in Global Fiberglass Market are:

  • Jhusi
  • Owens Corning
  • Taishan Fabric Glass
  • Chongqing Polycomp
  • Nippon

Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Fiberglass Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market’s overall size.

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Segments Overview:

By Type

  • A- Glass Fiber
  • C- Glass Fiber
  • D- Glass Fiber
  • E- Glass Fiber
  • Advantex Glass Fiber
  • ECR Glass Fiber
  • AR Glass Fiber
  • R- Glass Fiber
  • S2 Glass Fiber
  • M- Glass Fiber
  • Z- Glass Fiber

 By Form

  • Tow
  • Veil mats
  • Woven fabrics
  • Chopped strand mat
  • Tape
  • Rope
  • Cloth
  • Others

By Manufacturing Process

  • Continuous Filament
  • Staple Filament

By Resin

  • Polyester
  • Vinyl esters
  • Epoxy
  • Polyurethanes
  • Others

By Industry

  • Aircraft and Aerospace
  • Construction Industry
  • Consumer Goods
  • Corrosion Resistant Equipment
  • Electrical devices
  • Marine Industry
  • Automobile Industry

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Poland
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA
  • South America
    • Argentina
    • Brazil
    • Rest of Latin America

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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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