Fiberglass Market Report 2023 (Global Edition)

Global Fiberglass Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Fiberglass Industry growth. Fiberglass market has been segmented with the help of its Type, Application Glass Type, and others. Fiberglass market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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Fiberglass Market, by type

Glass Wool

The Glass Wool segment Revenue will be USD 6,871.01 Million by 2029.

Glass wool is an insulating material comprised of glass fibres organized with the help of a binder into a texture resembling wool. The procedure creates numerous tiny air gaps between the glass, and these air pockets produce excellent thermal insulation capabilities. Glass wool is made as slabs or rolls, with various mechanical and thermal characteristics.

Direct and Assembled Roving

Direct Rovings is a material that is commonly used in filament winding and pultrusion procedures. It is utilized in the production of pultruded rods, pipelines, tanks, and chemical resistant gratings. Direct and Assembled Rovings offer low fuzz with rapid wet out and great mechanical qualities.

Chopped Strand

Chopped Strands are created by bundling thousands of E-glass fibres and cutting them into predetermined lengths. They are covered with a distinctive surface treatment created for each resin to boost their strength and physical qualities. In order to reinforce FRP and FRTP for automobiles and electronics, chopped strands are combined with high-performance resin that has a certain composition.

Yarn

Fiberglass yarns are made up of a specific quantity of E-Glass filaments that have the same nominal diameter. Generally, in the Z-direction, a size and a light twist fix and safeguard the yarn's structural integrity. It is utilized in a variety of industries, including aerospace, automotive, construction, electrical, industrial, leisure, and medicine.

Others

Several other Fiberglass types such as Fiberglass mesh & tissue mat, tape, Fiberglass cloth, and other are available in the market. All types of structures' plaster surfaces are strengthened with Fiberglass mesh. This mesh-reinforced liquid waterproofing coats slabs and rooftops. Fiberglass tape is frequently used to adhere drywall joints, link door and window frames to walls, patch plaster that has split, seal cracks in the walls, and stop the development of cracks.

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Fiberglass Market, by Application

Composites

The Composites segment Revenue in Fiberglass will be USD 13,874.17 Million by 2029.

Fiberglass composites are constructed of glass fibres and resin. The exact benefits of a fibreglass product are determined by the resin and glass arrangement. In general, fibreglass (FRP/GRP) composites have a number of benefits, including being affordable, especially for complex shapes, corrosion-resistant, having good structural strength, having a superior strength to weight ratio, having a high heat distortion temperature, being electrically non-conductive, and being able to be moulded to exact tolerances.

Insulation

Fiberglass, which is made up of incredibly thin glass fibers, is a common type of insulation used in most homes. The propagation of heat, cold, and sound in buildings is slowed by the insulating properties of Fiberglass. It is frequently used in two forms of insulation: loose-fill and batts and rolls. Additionally, rigid boards and duct insulation are both options.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Fiberglass market report 2023 Edition by contacting our team.

Fiberglass Glass Type Segment Analysis

E-Glass

The E-Glass segment Revenue in Fiberglass will be USD 9,174.26 Million by 2029.

E-glass is a strong, electrically resistant fibre that is well-known in the industry as a general-purpose fibre. In the field of fiber-reinforced polymer composites, it is the fibre that is most frequently utilized. There are several different weaving patterns for e-glass. Plain weave and twill are two of the fabric's preferred pattern options. It is a composite material that is lightweight and utilized in industrial, marine, and aerospace applications.

ECR-Glass

ECR glass fibre is also known as electronic glass fibre. It is resistant to acid and alkali corrosion, has superior waterproofing, and high mechanical strength. It has characteristics that surpass those of E-glass. The fact that ECR glass is made in an ecologically responsible manner is the main benefit it has over other varieties of fibreglass.

S-Glass

Structural glass is another name for S-Glass. S-glass is employed because of its mechanical qualities. SiO2 makes up 65 weight percent of S-Glass, Al2O3 25 weight percent, and MgO 10 weight percent.

AR-Glass

AR-glass, also known as alkali-resistant glass, was created expressly for use in concrete. This particular form of fibreglass can be utilised in concrete due to the inclusion of zirconia. Concrete doesn't break because of AR-strength glass's and flexibility. AR-glass is resistant to pH fluctuations and is difficult to dissolve in water.

H-Glass

Compared to solid E-glass or S-2 Glass, H-glass is a lower density fibre with greater compression strength and specific strength properties. It is a desirable material for the production of a variety of composite products, including antenna and radomes, cured laminates for electrical insulation, aircraft interiors, sandwich structures, and structural composite parts with lower weight and higher bending and compression strengths for use in sporting goods, automobiles, and aerospace products.

Others

Several other types of Fiberglass depending upon the composition are available in the market. It includes A-Glass, C-Glass, D-Glass, E-Glass, Advantex Glass Fiber, R-Glass, S-Glass, or T-Glass Fiber, and many others.

• E-Glass
• ECR-Glass
• S-Glass
• AR-Glass
• H-Glass
• Others

Fiberglass Resin Type Segment Analysis

Thermoset Resins

The Thermoset Resins segment Revenue in Fiberglass will be USD 12,910.62 Million by 2029.

The production of thermoset materials involves a chemical transformation of the final product at the molecular level. Fiberglass cables are coated with resins to create thermoset fibreglass composites, which are then heated until the two materials are combined and allowed to cure. Similarly, Fiber-reinforced polymers (FRP) are commonly referred to as thermoset items, indicating that they were produced using a thermoset resin.

Thermoplastic Resins

Fiberglass is a thermoplastic polymer that contains glass fibre reinforcement. It is a well-liked substance since it is affordable, non-magnetic, non-conductive, and water resistant. It is frequently used in bathtubs, water tanks, boats, pipelines, and swimming pools.

• Thermoset Resins
• Thermoplastic Resins

Fiberglass End User Segment Analysis

Construction & Infrastructure

The Construction & Infrastructure segment Revenue in Fiberglass will be USD 5,400.74 Million by 2029.

Fiberglass is chosen in the building industry since the strength and productivity benefits start from the outset. Due to its waterproof qualities, FRP is employed as a very effective insulating material. Fiberglass material's waterproof property is useful in applications for exterior and roof panels. Similarly, the advantages of this characteristic are exploited in interior installations and in regions where water is frequently used.

Automotive

Many automotive components nowadays, particularly those for sports vehicles where weight is an important factor, are composed of fibreglass. The front and rear bumpers, hoods, doors, and casings are the primary areas where fibreglass is employed. Due to the great tensile strength of the fibreglass, this material is also utilized in timing belts and V-belts, where rubber is impregnated into glass threads to act as reinforcement.

Wind Energy

Glass fibre is the material of choice for wind turbine blades that provide the finest performance at the lowest cost. Fiberglass composite components provide excellent strength at a low weight, allowing for the production of longer and more efficient rotor blades for bigger wind turbines. Rotor blades and nacelles for wind turbines are made of composites using E-Glass yarns that are compatible with various resins.

Electronics

Print circuit boards and other electronic components that require electrical resistance frequently use fibreglass. Appliances used in the home to heat and freeze employ fibreglass materials as insulators.

Aerospace

Fiberglass is frequently utilized in the fuselage and overhead compartments of aircraft, both inside and outside. When it comes to creating ducting and aircraft equipment, fibreglass is an excellent material. Fiberglass is used in the building of ground handling equipment, storage bins, bulkheads, and engine cowlings.

Other

Sports equipment like surfboards, snowboards, ice hockey equipment, etc. are all made of fibreglass. Protective garments, fire shelters, smoke curtains, welding blankets, and thermal insulators all employ fibreglass fabric. For pipe insulation in a variety of systems and specially constructed jackets, fibreglass cloth and mat are utilized.

• Construction & Infrastructure
• Automotive
• Wind Energy
• Electronics
• Aerospace
• Other

Fiberglass Market Regional Analysis

Region and country analysis section of Fiberglass Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Fiberglass market.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Company Profile:

Johns Manville. A Berkshire Hathaway Company

Johns Manville. A Berkshire Hathaway Company is a significant manufacturer and marketer of superior-quality insulation and commercial roofing, along with glass fibers and nonwovens for commercial, industrial and residential applications. Their products are used in a wide variety of industries including building products, aerospace, automotive and transportation, filtration, commercial interiors, waterproofing and wind energy.

The company has a team of around 8,000 employees. The company has 46 manufacturing and sales facilities across North America and Europe and serves their customers in more than 80 countries. Johns Manville. A Berkshire Hathaway Company has numerous products in their fiberglass business, namely, Chopped Fiberglass, Single-End Roving, and Multi-End Roving.

RECENT NEWS

January 2021

Johns Manville Engineered Products had Successfully Launched Thermal Recycling Unit for Glass Fiber Waste in Trnava, Slovakia

Johns Manville (JM), a Berkshire Hathaway company and a significant manufacturer of continuous filament glass fibers, had successfully launched a thermal recycling unit for waste glass fibers in its Engineered Products plant in Trnava, Slovakia.

For an instance, launching of this unit has helped the company to achieve its target for sustainable management and also achieved a tangible positive environmental impact by drastically reducing the land filling of glass fiber waste.

Knauf Insulation

Knauf Insulation is the US based manufacturer of fiberglass insulation and delivers thermal and acoustical solutions for residential, commercial, industrial and OEM applications. The products offered by company are pipe insulation, batts, pipe and tank, blown-in insulation, board, rolls, elevated temperature, air sealant, duct board, basement wall, duct wrap, metal building insulation and others.

It offers insulation solutions that includes,
•    Glass Mineral Wool
•    Rock Mineral Wool
•    Blowing Wool
•    Wood Wool

RECENT NEWS

January 2022

Knauf Insulation has acquired a Glass Mineral Wool plant in Central Romania.

Knauf Insulation has acquired a Glass Mineral Wool. The acquisition of the plant is expected to bring Knauf Insulation’s solutions closer to customers in the rapidly growing markets of Romania, Eastern Europe and CIS.

Top Companies Market Share in Fiberglass Industry: (In no particular order of Rank)

• Binani 3B
• Owen Corning
• Saint Gobain
• Knauf Insulation
• Nippon Electric Glass Co. Ltd.
• China Jushi
• Johns Manville Corp.
• Chongqing Polycomp International Corp
• PFG Fiber Glass Corporation
• Pioneer Natural Resources Company.
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