The global fiberglass market size accounted for USD 11,361 million in 2024 and is predicted to touch around USD 19,223 million by 2034, growing at a CAGR of 5.4% from 2024 to 2034.
The fiberglass market is a prominent segment of the advanced materials industry. This industry deals in the manufacturing and distribution of composite materials that are derived from glass fibers. There are several types of fiber glasses available in the market including E glass, ECR glass, H glass, AR glass, S glass, and others. The growing demand for lightweight and durable materials in numerous end-user industries has driven the market growth. This market is expected to rise significantly with the growth of the chemicals and materials industry across the globe.
The growing use of fiberglass in the construction sector along with advancements in molding technologies has boosted the market expansion. Also, the rapid adoption of fiberglass in the automotive industry for manufacturing various structural components, body parts, and some others is playing a vital role in shaping the industry in a positive direction. Moreover, the increasing application of these materials in several end-user industries such as aerospace, wind energy, and some others is projected to drive the growth of the fiberglass market. A growing demand for eco-friendly materials along with the increased adoption of fiber-reinforced plastic in numerous industries is expected to create ample growth opportunities for the market players in the upcoming days.
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| Stats ID: | 7368 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7368 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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