Lucintel's latest market report analyzed that glass fiber provides attractive opportunities in end use industries, marine, transportation, pipe and tanks, aerospace, construction, electrical and electronics, consumer goods, and wind energy. The glass fiber market is expected to reach $21.1 billion by 2028 with a CAGR of 5.8%. In this market, construction is the largest segment by end use, whereas chopped strand is largest by product type. The innovative trends focused on ultra-high modulus glass fiber and glass fiber based composites parts using 3D technology provides strategic growth path in this market.
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Based on end use, the glass fiber market is segmented into marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others. The construction segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to the increasing urbanization and construction projects in the developing countries like China and India. Aerospace is expected to witness highest growth over the forecast period.
Browse in-depth TOC on “Glass Fiber Market”
78 – Tables
104 – Figures
219 – Pages
The Glass Fiber Market is marked by the presence of several big and small players. Some of the prominent players offering glass fiber include Owens Corning, Jushi Group Co., Ltd., Chongqing Polycomp International Corporation, Taishan Fiberglass Inc., Taiwan Glass Group, Nippon Electric Glass Co. Ltd., SichuanWeiibo. Co. Ltd, 3B the Fiber Glass Company (Goa Glass Fiber), Johns Manville Corporation, and Nitto Boseki Co. Ltd.
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