Global Glass Fiber Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Multi-End Roving, Single-End Roving, CSM, Woven Roving, CFM, Fabrics, and Others.

By Application;

Transportation, Marine, Pipe & Tank, Aerospace, Electrical & Electronics, Wind Energy, Consumer Goods, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn143940660 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Glass Fiber Market (USD Million), 2021 - 2031

In the year 2024, the Global Glass Fiber Market was valued at USD 16,157.09 million. The size of this market is expected to increase to USD 23,347.88 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.4%.

The Global Glass Fiber Market has witnessed substantial growth over recent years, driven by its diverse applications across various industries. Glass fiber, known for its high strength-to-weight ratio, durability, and resistance to environmental factors, has become an essential material in the manufacturing of reinforced plastics, construction materials, and automotive components. Its versatility has made it a preferred choice for enhancing the performance and longevity of products in sectors such as aerospace, construction, marine, and wind energy.

The demand for glass fiber is further fueled by advancements in technology and the increasing emphasis on sustainable practices. Innovations in glass fiber production techniques have led to the development of more efficient and cost-effective manufacturing processes. Additionally, the growing focus on reducing carbon footprints and promoting energy efficiency has bolstered the adoption of glass fiber composites in various applications, such as lightweight automotive parts and energy-efficient building materials.

As the global market for glass fiber continues to expand, key trends such as the rising demand for advanced composites, increased investments in research and development, and the emergence of new market players are shaping the industry landscape. This dynamic market environment presents significant opportunities for growth and innovation, as companies seek to capitalize on the evolving needs of industries and consumers alike.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Glass Fiber Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Infrastructure Development
        2. Increasing Demand for Lightweight Materials
        3. Advancements in Composite Technologies
      2. Restraints
        1. High Production Costs
        2. Volatility in Raw Material Prices
        3. Environmental Concerns
      3. Opportunities
        1. Expansion in Wind Energy Sector
        2. Rising Adoption in Emerging Markets
        3. Innovation in Recycling Technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Glass Fiber Market, By Type, 2021 - 2031 (USD Million)
      1. Multi-End Roving
      2. Single-End Roving
      3. CSM
      4. Woven Roving
      5. CFM
      6. Fabrics
      7. Others
    2. Global Glass Fiber Market, By Application, 2021 - 2031 (USD Million)
      1. Transportation
      2. Marine
      3. Pipe & Tank
      4. Aerospace
      5. Electrical & Electronics
      6. Wind Energy
      7. Consumer Goods
      8. Others
    3. Global Glass Fiber Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Owens Corning
      2. Saint-Gobain
      3. Jushi Group Co., Ltd.
      4. PPG Industries, Inc.
      5. Nippon Electric Glass Co., Ltd.
      6. SGL Carbon SE
      7. Johns Manville (a Berkshire Hathaway company)
      8. Hexcel Corporation
      9. Chongqing Polycomp International Corp. (CPIC)
      10. 3B Fibreglass Products
  7. Analyst Views
  8. Future Outlook of the Market