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Fiberglass Market Share

Report ID: GMI7189
Published Date: Oct 2023
Report Format: PDF

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Fiberglass Market Share

Major players operating in the fiberglass industry include:

Owens Corning
PPG Industries
Saint-Gobain
Johns Manville
Nippon Electric Glass (NEG)
Ashland Global Holdings Inc.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of fiberglass was worth USD 27.10 billion in 2023 and is anticipated to witness over 6.5% CAGR between 2024 and 2032, driven by higher application scope in construction, automotive, wind energy, and aerospace sectors.

The E Glass type segment held around 65% of the fiberglass market share in 2022 owing to its adoption in a wide range of industries including construction, automotive, and aerospace.

The construction end-user segment recorded 31.7% of the fiberglass industry share in 2022 owing to extensive use in insulation, panels, and roofing applications, especially in energy-efficient and sustainable building practices.

North America industry share recorded around 32.1% of the fiberglass in 2022 due to the presence of well-established end-user sectors and the strong focus on innovation and technology.