Consists of extremely fine glass fibers used in yarns, fabrics, insulators, and structural components
Market Overview
Growing applications in industrial insulation and reinforcement
Valued for lightweight and high-strength properties in construction and transportation
Rising adoption in wind power generation for turbine blades
Market Value & Growth Projections
Market Value & Growth Projections
Global market size: USD 8,498.70 million (2023)
Projected to reach: USD 12,096.30 million by 2032
CAGR: 4.00% (2025-2031)
North America market: USD 2,368.97 million (2023), CAGR 3.43%
Key Market Drivers:
Increasing demand in construction and transportation industries
Growing use in industrial applications for insulation
Rising adoption in wind power generation
Focus on sustainable and ecofriendly materials
Market Segmentation
By Type
By Application
Purity <98%Others
Key Market Players
Owens Corning
Jushi Group
Taishan Fiberglass (Sinoma)
Saint-Gobain
Vetrotex
Nippon Electric Glass
Regional Market Analysis
North America: USD 2,368.97 million (2023), CAGR 3.43%; Key markets: USA, Canada, Mexico
Europe: Steady growth with emphasis on sustainability; Key markets: Germany, UK, France, Russia, Italy
Asia-Pacific: Substantial growth driven by industrialization; Key markets: China, Japan, South Korea, India
Middle East & Africa: Growth from infrastructure projects; Key markets: Saudi Arabia, UAE, Egypt, Nigeria
South & Central America: Potential in renewable energy initiatives; Key markets: Brazil, Argentina, Columbia
