Summary

Future of the global glass fiber market looks promising with opportunities in transportation, marine, wind energy, aerospace & defense, pipe and tank, construction, electrical and electronics, consumer goods, and others. The global glass fiber market is expected to reach an estimated $17.5 billion by 2027 with a CAGR of 5.0% from 2021 to 2027. The major driver for this market is rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts.
Emerging trends, which has a direct impact on the dynamics of the industry, are the innovative trends focused on ultra-high modulus glass fiber and glass fiber based composites parts using 3D technology.
A total of 148 figures / charts and 96 tables are provided in this 235-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of the glass fiber market report, please download the report brochure.

In this market, transportation is the largest end use market, whereas chopped strand is the largest product type segment. Growth in various segments of the glass fiber market is shown in the figure below.

The study includes trends and forecast for the global glass fiber market by end use manufacturing process, product type, and region as follows:
By End Use [Volume (M lbs) and Value ($M) shipment analysis for 2016 – 2027]:
• Marine
• Transportation
• Pipe and Tank
• Aerospace
• Construction
• Electrical & Electronics
• Consumer Goods
• Wind Energy
• Others
By Manufacturing Process [Volume (M lbs) and Value ($M) shipment analysis for 2016 – 2027]:
• Hand Lay-Up
• Spray Up
• Resin Infusion
• Filament Winding
• Pultrusion
• Compression Molding
• Prepreg Layup
• Injection Molding
• Others
By Product Type [Volume (M lbs) and Value ($M) shipment analysis for 2016 – 2027]:
• Single End Roving
• Multi End Roving
• Woven Roving
• Fabric
• Chopped Strand Mat
• Continuous Filament Mat
• Others
By Region [Volume (M lbs) and Value ($M) shipment analysis for 2016 – 2027]:
• North America
• The US
• Canada
• Mexico
• Europe
• Germany
• United Kingdom
• Spain
• France
• Italy
• Asia Pacific
• China
• India
• Japan
• Taiwan
• Rest of the World
• Brazil
Some of the glass fiber companies profiled in this report include Owens Corning, Jushi, Nippon Electric, CPIC, and Taishan Fiberglass.
Lucintel forecasts that chopped strand will remain the largest product type by value and volume over the forecast period.
Transportation will remain the largest end use industry by value and value due to government regulations, such as CAFE Standards in the US and carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight.
Asia Pacific is expected to remain the largest region by value and volume over the forecast period because of growth in construction, transportation, and the electrical and electronics segments. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India.

Features of the Glass Fiber Market
• Market Size Estimates: Glass fiber market size estimation in terms of value ($M) and volume (M lbs)
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Glass fiber market size by various segments, such as end use, manufacturing process, and product type in terms of value and volume.
• Regional Analysis: Glass fiber market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different end use, manufacturing process, product type, and regions for the glass fiber market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the glass fiber market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high-growth opportunities for the global glass fiber market by end use (marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others), manufacturing process (hand lay-up, spray up, resin infusion, filament winding, pultrusion, compression molding, prepreg layups, injection molding, and others), product type (single end roving, multi end roving, woven roving, fabrics, chopped strand, chopped strand mat, continuous filament mat, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the glass fiber market?
Q.5 What are the business risks and threats to the glass fiber market?
Q.6 What are the emerging trends in the glass fiber market and the reasons behind them?
Q.7 What are some changing demands of customers in the glass fiber market?
Q.8 What are the new developments in the glass fiber market? Which companies are leading these developments?
Q.9 Who are the major players in the glass fiber market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the glass fiber market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the glass fiber market?

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