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

By Product Type;

Roving, Woven Roving, Fabrics, CSM/CFM, Chopped Strand, and Others.

By End-Use;

Construction, Transportation, Industrial, Consumer Goods, and Wind Energy.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn150688475 Published Date: March, 2025 Updated Date: April, 2025

Introduction

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

In the year 2024, the Global Glass Fiber Reinforcement Materials Market was valued at USD 4,340.72 million. The size of this market is expected to increase to USD 6,398.62 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.7%.

The demand for lightweight, durable, and high-strength materials has become increasingly critical across various industries, including automotive, aerospace, and construction. Traditional materials such as steel and aluminum, while strong, are often heavy and susceptible to corrosion. This has created a significant challenge for industries seeking to improve fuel efficiency, reduce emissions, and enhance the overall performance of their products.

Glass fiber reinforcement materials offer a viable solution to these challenges. These materials are known for their high strength-to-weight ratio, corrosion resistance, and versatility, making them ideal for a wide range of applications. The development and adoption of advanced manufacturing techniques, such as pultrusion and resin transfer molding, have further enhanced the properties and applicability of glass fiber composites. Innovations in resin systems and fiber technology are also driving improvements in the performance and sustainability of these materials.

The Global Glass Fiber Reinforcement Materials Market is poised for significant growth, driven by increasing demand in key sectors such as wind energy, automotive lightweighting, and infrastructure development. Wind energy projects are utilizing glass fiber composites for turbine blades due to their strength and fatigue resistance, while the automotive industry is increasingly incorporating these materials to meet stringent fuel efficiency and emission standards. Additionally, the construction industry is adopting glass fiber reinforcements for their durability and ability to extend the lifespan of structures.

By leveraging the superior properties of glass fiber reinforcement materials, industries can achieve enhanced performance, sustainability, and cost-effectiveness, addressing the growing need for advanced materials in today's competitive market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By End-Use
    3. Market Snapshot, By Region
  4. Global Glass Fiber Reinforcement Materials Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Lightweighting Demand
        2. Renewable Energy Projects
        3. Infrastructure Development
      2. Restraints
        1. High Production Costs
        2. Complex Manufacturing Processes
        3. Environmental Concerns
      3. Opportunities
        1. Technological Innovations
        2. Expansion in Emerging Markets
        3. Increased Adoption in Automotive and Aerospace
    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 Reinforcement Materials Market, By Product Type, 2021 - 2031 (USD Million)
      1. Roving
      2. Woven Roving
      3. Fabrics
      4. CSM/CFM
      5. Chopped Strand
      6. Others
    2. Global Glass Fiber Reinforcement Materials Market, By End-Use, 2021 - 2031 (USD Million)
      1. Construction
      2. Transportation
      3. Industrial
      4. Consumer Goods
      5. Wind Energy
    3. Global Glass Fiber Reinforcement Materials 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. Jushi Group
      3. Saint-Gobain Vetrotex
      4. PPG Industries
      5. Hexcel Corporation
      6. AGY Holding Corp.
      7. Nippon Electric Glass Co., Ltd.
      8. Johns Manville (a Berkshire Hathaway company)
      9. BASF SE
      10. Chongqing Polycomp International Corp. (CPIC)
  7. Analyst Views
  8. Future Outlook of the Market