Key Takeaways
- The global fiberglass market size was valued at USD 11.2 billion in 2022 and is projected to grow at a CAGR of 5.4% from 2023 to 2030, driven by demand in construction and automotive sectors.
- In 2023, Asia Pacific accounted for 45% of the global fiberglass market share due to rapid industrialization in China and India.
- The E-glass segment dominated the fiberglass market with over 70% revenue share in 2022, owing to its cost-effectiveness and versatility.
- Global fiberglass production reached 8.2 million metric tons in 2022, led by China at 4.5 million tons.
- Owens Corning's annual fiberglass yarn production capacity is 1.2 million tons across global plants.
- Taishan Fiberglass in China produced 1.8 million tons of E-glass in 2023.
- Construction sector consumes 35% of global fiberglass production at 2.9 million tons in 2022.
- Automotive industry used 1.1 million tons of fiberglass composites worldwide in 2023.
- Wind turbine blades incorporate 800,000 tons of fiberglass annually as of 2023.
- Global fiberglass recycling rate for end-of-life products stands at 12% in 2023.
- Fiberglass production emits average 1.8 tons CO2 per ton of glass fiber manufactured.
- 25% of new fiberglass products in Europe contain recycled content as of 2023.
- Fiberglass industry employs 250,000 direct workers globally in 2023.
- U.S. fiberglass sector contributes USD 15 billion to GDP annually.
- China fiberglass exports generated USD 2.5 billion revenue in 2023.
The global fiberglass market is growing steadily, led by construction demand and strong production in Asia.
Application Statistics
- Construction sector consumes 35% of global fiberglass production at 2.9 million tons in 2022.
- Automotive industry used 1.1 million tons of fiberglass composites worldwide in 2023.
- Wind turbine blades incorporate 800,000 tons of fiberglass annually as of 2023.
- Aerospace fiberglass usage reached 150,000 tons in 2023 for aircraft structures.
- Marine boat hulls and decks utilize 450,000 tons of fiberglass globally per year.
- Electrical laminates and pipes consume 600,000 tons of fiberglass reinforcements in 2023.
- Sporting goods like golf clubs and bikes use 80,000 tons fiberglass yearly worldwide.
- Corrosion-resistant tanks and vessels employ 350,000 tons fiberglass in industrial apps 2023.
- Building panels and roofing shingles incorporate 900,000 tons fiberglass in U.S. alone 2022.
- Pipe and tank market for fiberglass grew to 500,000 tons global consumption in 2023.
- Transportation sector (trucks, rail) uses 250,000 tons fiberglass composites annually.
- Consumer electronics housings consume 120,000 tons fiberglass-filled plastics yearly.
- Furniture and bathroom fixtures use 200,000 tons fiberglass in Europe 2023.
- Oil & gas sector fiberglass grating and structures 180,000 tons global 2023.
- Water and wastewater pipes made with 300,000 tons fiberglass worldwide annually.
- Agricultural silos and livestock pens utilize 90,000 tons fiberglass per year.
- Medical prosthetics and equipment incorporate 25,000 tons fiberglass composites.
- Defense applications like helmets use 40,000 tons high-strength fiberglass yearly.
- Highway signs and bridges employ 150,000 tons fiberglass reinforced polymer.
- Swimming pools linings consume 70,000 tons fiberglass globally per annum.
- Architectural facades use 110,000 tons fiberglass panels in urban projects 2023.
- Electrical insulators made from 200,000 tons SMC fiberglass composites yearly.
- Battery cases for EVs incorporate 50,000 tons fiberglass reinforcements 2023.
- Packaging and containers use 30,000 tons fiberglass for durable goods.
- Toys and recreation equipment consume 60,000 tons fiberglass annually.
Application Statistics Interpretation
Economic Statistics
- Fiberglass industry employs 250,000 direct workers globally in 2023.
- U.S. fiberglass sector contributes USD 15 billion to GDP annually.
- China fiberglass exports generated USD 2.5 billion revenue in 2023.
- Owens Corning fiberglass division employs 12,000 people worldwide.
- Global fiberglass market created 50,000 new jobs from 2020-2023 growth.
- India's fiberglass industry turnover reached INR 40 billion in FY2023.
- Average fiberglass worker salary in U.S. is USD 55,000 per year.
- Europe fiberglass R&D investment totals EUR 300 million annually.
- Brazil fiberglass market supports 15,000 jobs in composites manufacturing.
- Cost of fiberglass production fell 8% to USD 950/ton in 2023 due to efficiency.
- U.S. exports of fiberglass products worth USD 1.2 billion in 2023.
- Saint-Gobain fiberglass operations profit margin 12% in 2022.
- Turkey fiberglass industry adds TRY 10 billion to economy yearly.
- Global supply chain for fiberglass costs USD 5 billion in logistics 2023.
- Mexico fiberglass manufacturing FDI reached USD 400 million in 2023.
- PPG Industries fiberglass sales USD 2.8 billion, 15% profit growth 2023.
- South Korea fiberglass exports USD 900 million, 10% market share global.
- Average ROI for fiberglass plant investments 18% over 5 years.
- Russia fiberglass production value RUB 50 billion in 2023.
- Australia fiberglass sector tax contributions AUD 1.2 billion annually.
- Vietnam fiberglass industry grew GDP contribution to 0.5% in 2023.
- Capital expenditure in global fiberglass capacity USD 3 billion 2023.
- U.S. fiberglass supply chain supports 100,000 indirect jobs.
- Japan fiberglass market value JPY 800 billion, employs 20,000.
- Price volatility in fiberglass averaged 5% annually 2020-2023.
- Egypt fiberglass exports USD 150 million, 20% growth 2023.
- Poland fiberglass cluster generates EUR 2 billion turnover yearly.
- Thailand fiberglass industry labor productivity USD 80,000/worker.
Economic Statistics Interpretation
Market Statistics
- The global fiberglass market size was valued at USD 11.2 billion in 2022 and is projected to grow at a CAGR of 5.4% from 2023 to 2030, driven by demand in construction and automotive sectors.
- In 2023, Asia Pacific accounted for 45% of the global fiberglass market share due to rapid industrialization in China and India.
- The E-glass segment dominated the fiberglass market with over 70% revenue share in 2022, owing to its cost-effectiveness and versatility.
- North America's fiberglass market is expected to reach USD 2.8 billion by 2028, growing at 4.2% CAGR, fueled by wind energy projects.
- China's fiberglass production capacity reached 6.5 million tons in 2022, representing 55% of global capacity.
- The automotive fiberglass composites market grew by 6.8% in 2023 to USD 4.1 billion globally.
- Europe’s fiberglass market saw a 3.5% YoY growth in 2023, reaching EUR 2.9 billion, led by aerospace demand.
- S-glass fiberglass segment is forecasted to grow at 7.1% CAGR through 2030, capturing 15% market share by value.
- The U.S. fiberglass market volume was 2.1 million tons in 2022, with construction taking 40% share.
- Global fiberglass exports from China hit USD 1.8 billion in 2023, up 12% from previous year.
- India’s fiberglass market expanded to USD 450 million in 2023, with 8.2% CAGR projected to 2029.
- The marine fiberglass market globally stood at USD 1.2 billion in 2022, expected to reach USD 1.9 billion by 2030.
- Brazil's fiberglass consumption reached 250,000 tons in 2023, driven by infrastructure boom.
- High-performance fiberglass market valued at USD 2.3 billion in 2023, growing at 6.5% CAGR.
- Middle East fiberglass market projected to grow from USD 800 million in 2023 to USD 1.4 billion by 2030.
- Japan's fiberglass production was 450,000 tons in 2022, with electronics sector consuming 25%.
- South Korea's fiberglass market hit USD 650 million in 2023, up 5.8% YoY.
- Australia’s fiberglass imports rose 7% to 120,000 tons in 2023 for construction use.
- Global chopped strand mat fiberglass segment held 28% market share in 2022 by volume.
- Russia’s fiberglass output increased to 180,000 tons in 2023 despite sanctions.
- Turkey fiberglass market size was USD 320 million in 2023, with 9% growth forecast.
- Vietnam's emerging fiberglass market reached USD 150 million in 2023, CAGR 12% to 2030.
- Africa fiberglass market valued at USD 400 million in 2023, led by South Africa.
- Owens Corning reported USD 9.1 billion in composites sales in 2023, 40% from fiberglass.
- Saint-Gobain's fiberglass division revenue was EUR 4.2 billion in 2022.
- Global fiberglass price averaged USD 1,200 per ton in Q4 2023.
- Mexico fiberglass market grew to 150,000 tons consumption in 2023.
- Indonesia fiberglass production capacity hit 100,000 tons in 2023.
- Thailand fiberglass market valued at USD 280 million in 2023.
- World fiberglass market to exceed USD 20 billion by 2030 per industry forecast.
Market Statistics Interpretation
Production Statistics
- Global fiberglass production reached 8.2 million metric tons in 2022, led by China at 4.5 million tons.
- Owens Corning's annual fiberglass yarn production capacity is 1.2 million tons across global plants.
- Taishan Fiberglass in China produced 1.8 million tons of E-glass in 2023.
- U.S. fiberglass roving production was 850,000 tons in 2022 from major mills in South Carolina and Kansas.
- Europe's largest fiberglass furnace by NEG in Finland has 600 tons/day melt capacity.
- India's Gujarat Fiberglass plant output reached 120,000 tons/year of chopped strands in 2023.
- Global E-glass filament winding production utilizes 2.1 million tons annually as of 2023.
- Chomarat's France plant produces 50,000 tons of multiaxial fiberglass fabrics yearly.
- Mexico's Vitro plant in Toluca outputs 200,000 tons of fiberglass reinforcements per year.
- Advanced Glassfiber Yemen produced 40,000 tons of SMC/BMC sheets in 2023.
- Japan's Nippon Electric Glass furnaces produce 1,100 tons/day of C-glass fiber.
- Brazil's Ahlstrom-Munksjö plant capacity is 30,000 tons/year for surfacing veils.
- South Korea's KCC Glass Corp. fiberglass output was 250,000 tons in 2022.
- Turkey's Kale Seramik fiberglass division produces 80,000 tons annually of rovings.
- Poland's Polglass factory melts 150 tons/day for insulation fiberglass wool.
- Egypt's Qena Integrated Glass Plant fiberglass line runs at 100,000 tons/year.
- Global recycled fiberglass content in new production reached 15% average in 2023.
- 3B Fibreglass Belgium plant produces 400,000 tons/year of Advantex glass fiber.
- China National Building Material's largest furnace capacity is 1,200 tons/day for fiberglass.
- U.S. fiberglass mat production totaled 450,000 tons in 2023 from OCV plants.
- Saudi Arabia's Zamil Composite plant outputs 25,000 tons/year of panels.
- Iran's Glass Fiber Co. annual production is 70,000 tons of E-glass rovings.
- Australia's GTS Fiberglass plant capacity 15,000 tons/year for boat hulls.
- Vietnam's Minh Quang Fiberglass produces 20,000 tons/year chopped strands.
- Spain's Grupo SGF furnace melts 250 tons/day for textile yarns.
- Global fiberglass furnace efficiency improved to 85% yield in 2023 across top producers.
- Johns Manville's Wabash plant produces 180,000 tons/year of microglass fibers.
- Russia's Polot Glass Works output 160,000 tons fiberglass in 2023.
- Malaysia's Asia Pacific Glass plant 50,000 tons/year capacity.
- Fiberglass insulation batt production in U.S. hit 1.5 million tons in 2022.
- Global continuous filament fiberglass process accounts for 75% of total production volume.
- CertainTeed's Kansas plant fiberglass shingle mat output 300,000 tons/year.
- Thailand's SCG Chemicals fiberglass line 40,000 tons annual capacity.
- Fiberglass reinforced plastic (FRP) pipe production globally 1.2 million tons in 2023.
Production Statistics Interpretation
Sustainability Statistics
- Global fiberglass recycling rate for end-of-life products stands at 12% in 2023.
- Fiberglass production emits average 1.8 tons CO2 per ton of glass fiber manufactured.
- 25% of new fiberglass products in Europe contain recycled content as of 2023.
- Wind blade fiberglass waste recycling recovered 50,000 tons in 2023 globally.
- Energy consumption for fiberglass melting averages 4.2 GJ per ton produced.
- U.S. fiberglass industry reduced water usage by 20% to 15 million m³ in 2022.
- Bio-based resins with fiberglass cut VOC emissions by 40% in composites.
- Global fiberglass landfill diversion rate improved to 35% through recycling in 2023.
- Carbon footprint of E-glass fiber is 2.1 tCO2e/ton, down 15% since 2010.
- Owens Corning achieved 30% renewable energy use in fiberglass plants by 2023.
- EU regulations mandate 20% recycled fiberglass in construction by 2025.
- Fiberglass insulation saves 1.2 quadrillion BTU energy annually in buildings.
- Thermoset composites recycling via pyrolysis recovers 85% fiberglass fiber length.
- China's fiberglass industry cut SOx emissions by 50% to 120,000 tons in 2023.
- LCA shows fiberglass roofs extend life by 40 years, reducing replacements.
- 40,000 tons fiberglass cullet reused in U.S. glass plants annually.
- Electric melting furnaces for fiberglass reduce energy by 30% vs fossil fuel.
- Marine fiberglass boats recyclable content rose to 60% in 2023 designs.
- Fiberglass pipes last 100 years, cutting maintenance emissions by 70%.
- Industry-wide NOx emissions from fiberglass production fell 25% since 2015.
- Closed-loop water systems in 70% of fiberglass plants save 2 billion liters/year.
- Natural fiber hybrids with fiberglass reduce weight 20%, emissions 15%.
- Global fiberglass sector invests USD 500 million yearly in green tech 2023.
- Insulation fiberglass R-value averages 3.5 per inch, saving 25% heating costs.
- Depolymerization recycles 90% PET from fiberglass composites waste.
- Solar-powered fiberglass curing cuts energy 40% in composite fabrication.
- U.S. fiberglass plants achieved zero landfill waste at 15 sites in 2023.
- Basalt fiber alternative to fiberglass lowers embodied energy by 20%.
- Fiberglass wind blades repurpose rate hit 75% in Denmark 2023.
- Industry GHG intensity dropped 18% to 1.5 tCO2/ton from 2018-2023.
- Recovered fiberglass from automotive shredder residue 100,000 tons/year EU.
Sustainability Statistics Interpretation
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