Key Takeaways
- The global fiberglass composites market size was valued at USD 15.6 billion in 2022 and is projected to grow at a CAGR of 6.8% from 2023 to 2030.
- Fiberglass reinforced plastics (FRP) market reached approximately 4.5 million tons in 2023 globally.
- North America fiberglass composites market is expected to reach USD 3.2 billion by 2028, growing at 5.2% CAGR.
- Global production of E-glass fiberglass reached 5.9 million tonnes in 2022.
- Owens Corning produced 1.2 million tons of fiberglass reinforcements in 2022.
- China Jushi Co. output 1.85 million tons of fiberglass in 2023, up 10% YoY.
- Transportation sector consumes 35% of fiberglass composites globally in 2023.
- Wind energy fiberglass demand projected at 1.2 million tons annually by 2030.
- Construction applications use 40% of fiberglass reinforcements in pipes and tanks.
- Asia-Pacific holds 52% of global fiberglass production capacity in 2023.
- US fiberglass market share 18% of global consumption in 2023.
- Europe E-glass production 1.1 million tons in 2022, 20% of world total.
- Nanotechnology integration in fiberglass improved tensile strength by 40%.
- Thermoset bio-resins with fiberglass reduce VOC emissions by 50% in 2023.
- 3D printing of fiberglass composites achieved 25% faster prototyping.
The global fiberglass composites industry is steadily growing and is dominated by Asia-Pacific.
Applications and End-Use
- Transportation sector consumes 35% of fiberglass composites globally in 2023.
- Wind energy fiberglass demand projected at 1.2 million tons annually by 2030.
- Construction applications use 40% of fiberglass reinforcements in pipes and tanks.
- Aerospace primary structures with fiberglass composites: 15% weight reduction vs aluminum.
- Marine boat hulls 85% made with fiberglass composites in 2023 production.
- Electrical insulators from fiberglass composites: 500kV+ rating growth 20% YoY.
- Automotive body panels with fiberglass: 25% market penetration in EVs by 2023.
- Corrosion-resistant fiberglass tanks used in 60% of chemical storage facilities globally.
- Wind blade spar caps utilize 70% fiberglass by volume in 15MW turbines.
- Sporting goods like surfboards: 90% fiberglass reinforced in high-performance models.
- Bridge decking with fiberglass composites increased 30% in US infrastructure projects 2023.
- Electrical laminates from fiberglass: 45% share in PCB substrates market.
- RV industry fiberglass panels usage up 12% to 180,000 units in 2023.
- Oil & gas pipes fiberglass lined: 40% replacement rate for steel in sour service.
- Consumer goods like ladders: 75% fiberglass vs metal for dielectric properties.
- Aerospace interiors fiberglass content: 50% by weight in commercial aircraft.
- Roofing shingles with fiberglass: 95% market share in asphalt composites.
- Truck cabs using fiberglass composites reduced weight by 20% on average.
- Water tanks fiberglass capacity installed: 10 million liters globally per year.
Applications and End-Use Interpretation
Market Size and Growth
- The global fiberglass composites market size was valued at USD 15.6 billion in 2022 and is projected to grow at a CAGR of 6.8% from 2023 to 2030.
- Fiberglass reinforced plastics (FRP) market reached approximately 4.5 million tons in 2023 globally.
- North America fiberglass composites market is expected to reach USD 3.2 billion by 2028, growing at 5.2% CAGR.
- Asia-Pacific region dominates the fiberglass market with over 45% share in 2023 production volume.
- The automotive sector accounts for 28% of global fiberglass composites demand in 2023.
- Wind energy applications drove 12% YoY growth in fiberglass demand in 2022.
- E-glass fiber, the most common type, holds 75% market share in fiberglass composites in 2023.
- Global fiberglass market revenue projected to hit USD 28.5 billion by 2030 at 5.9% CAGR.
- Construction industry fiberglass composites consumption grew 7.1% in 2023.
- Marine sector fiberglass market valued at USD 2.1 billion in 2022, CAGR 6.4% to 2030.
- Aerospace fiberglass composites market to grow from USD 1.8 billion in 2023 to USD 3.1 billion by 2032.
- Electrical & electronics end-use segment expected to grow at 7.3% CAGR through 2030.
- Recycled fiberglass content in composites increased by 15% industry-wide in 2023.
- China produced 2.8 million metric tons of fiberglass in 2022, 55% of global total.
- US fiberglass imports rose 8.2% to 450,000 tons in 2023.
- Europe fiberglass market CAGR forecasted at 5.5% from 2024-2029.
- S-glass fiber segment growing fastest at 8.1% CAGR due to aerospace demand.
- Global fiberglass yarn market size USD 7.9 billion in 2023, to USD 12.4 billion by 2031.
- Pipe & tank applications hold 22% share in fiberglass composites market 2023.
- Hand lay-up process dominates with 40% share in fiberglass fabrication in 2023.
- Global fiberglass composites market size was valued at USD 15.6 billion in 2022 and is projected to grow at a CAGR of 6.8% from 2023 to 2030.
- Fiberglass reinforced plastics (FRP) market reached approximately 4.5 million tons in 2023 globally.
- North America fiberglass composites market is expected to reach USD 3.2 billion by 2028, growing at 5.2% CAGR.
- Asia-Pacific region dominates the fiberglass market with over 45% share in 2023 production volume.
- The automotive sector accounts for 28% of global fiberglass composites demand in 2023.
- Wind energy applications drove 12% YoY growth in fiberglass demand in 2022.
- E-glass fiber, the most common type, holds 75% market share in fiberglass composites in 2023.
- Global fiberglass market revenue projected to hit USD 28.5 billion by 2030 at 5.9% CAGR.
- Construction industry fiberglass composites consumption grew 7.1% in 2023.
Market Size and Growth Interpretation
Production and Manufacturing
- Global production of E-glass fiberglass reached 5.9 million tonnes in 2022.
- Owens Corning produced 1.2 million tons of fiberglass reinforcements in 2022.
- China Jushi Co. output 1.85 million tons of fiberglass in 2023, up 10% YoY.
- Average global fiberglass filament diameter reduced to 10-13 microns in 2023 production.
- Pultrusion manufacturing process accounts for 25% of fiberglass composites output.
- Recycling rate of fiberglass waste in manufacturing reached 35% in EU plants 2023.
- Energy consumption per ton of fiberglass production dropped 12% since 2018 to 2023.
- Number of fiberglass melt furnaces worldwide: 450 active in 2023.
- US fiberglass manufacturing capacity utilization at 82% in Q4 2023.
- Advanced fiberglass prepreg production grew 18% YoY to 120,000 tons in 2023.
- Carbon-fiber hybrid with fiberglass production up 22% in automotive sector 2023.
- Global fiberglass roving production: 2.1 million tons in 2022.
- Taishan Fiberglass output 650,000 tons annually in 2023 capacity.
- Injection molding for fiberglass composites increased to 15% of total production methods.
- Biaxial fiberglass fabric production volumes hit 450,000 tons globally 2023.
- Filament winding process used for 18% of pressure vessel fiberglass production.
- Multiaxial reinforcements production surged 14% to 800,000 tons in 2023.
- Chopped strand mat output 1.4 million tons worldwide in 2022.
- Resin infusion techniques adopted in 28% of new fiberglass boat hull production 2023.
- Automotive fiberglass composites production in Mexico reached 250,000 tons in 2023.
- Wind turbine blade fiberglass usage averaged 25 tons per MW installed capacity in 2023.
Production and Manufacturing Interpretation
Regional Analysis
- Asia-Pacific holds 52% of global fiberglass production capacity in 2023.
- US fiberglass market share 18% of global consumption in 2023.
- Europe E-glass production 1.1 million tons in 2022, 20% of world total.
- China exports 1.2 million tons of fiberglass annually, 60% to Asia-Pacific.
- Middle East fiberglass capacity expansions added 300,000 tons in 2023.
- India fiberglass consumption grew 9.5% to 350,000 tons in FY2023.
- Brazil South America fiberglass market CAGR 7.2% to 2028.
- Germany leads EU with 250,000 tons fiberglass production 2023.
- Japan high-performance fiberglass exports up 15% to USD 500 million.
- Russia fiberglass production stable at 120,000 tons despite sanctions 2023.
- Mexico auto sector imports 80% of fiberglass from US in 2023.
- South Korea C-glass production 150,000 tons, focused on corrosion apps.
- Australia construction fiberglass demand up 11% post-bushfires recovery.
- Turkey exports 200,000 tons fiberglass yarn to Europe 2023.
- Saudi Arabia new fiberglass plant capacity 100,000 tons operational 2023.
- Canada wind energy fiberglass imports 50,000 tons for offshore projects.
- UAE desalination plants use 30,000 tons fiberglass pipes annually.
- Vietnam emerging as hub with 50,000 tons capacity addition 2023-25.
- Africa fiberglass market nascent at 20,000 tons consumption, mining apps.
- UK post-Brexit fiberglass imports from EU down 5%, up from Asia 12%.
Regional Analysis Interpretation
Technological Advancements and Innovations
- Nanotechnology integration in fiberglass improved tensile strength by 40%.
- Thermoset bio-resins with fiberglass reduce VOC emissions by 50% in 2023.
- 3D printing of fiberglass composites achieved 25% faster prototyping.
- Recyclable thermoplastic fiberglass matrices commercialized, 90% fiber recovery.
- AI-optimized fiberglass layup reduced defects by 30% in aerospace parts.
- Hybrid carbon-fiberglass weaves cut costs 25% while maintaining stiffness.
- Flame-retardant fiberglass additives met new UL94 V-0 standards universally.
- Continuous filament winding robots increased output 40% for pipes.
- Self-healing fiberglass resins demonstrated 80% crack recovery in lab tests.
- UV-curable fiberglass prepregs shortened cure time to 5 minutes.
- Basalt-fiberglass hybrids improved impact resistance by 35%.
- Digital twin simulation for fiberglass molding cut material waste 22%.
- High-modulus fiberglass fibers reached 90 GPa tensile strength milestone.
- Automated fiber placement for fiberglass hulls boosted efficiency 50%.
- Bio-based sizing agents on fiberglass improved wet strength 28%.
- Laser-assisted fiberglass welding eliminated adhesives in joints.
- Smart sensors embedded in fiberglass monitored strain in real-time.
- Foam-core sandwich fiberglass panels lightened wind blades 15%.
- Microwave curing of fiberglass reduced energy use 60% vs autoclave.
- Conductive fiberglass for EMI shielding in EVs, 99% attenuation at 1GHz.
Technological Advancements and Innovations Interpretation
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