PUBLISHER: Grand View Research | PRODUCT CODE: 1587546
PUBLISHER: Grand View Research | PRODUCT CODE: 1587546
The global fiberglass market size is expected to reach USD 18.18 billion in 2030 and is projected to grow at a CAGR of 6.7% from 2025 to 2030. The market for fiberglass is anticipated to register growth with rising awareness among the population regarding the environmental benefits coupled with the economic benefits of using lightweight automobiles. In addition, extensive use of fiberglass in the building and construction industry and rising wind energy installations are expected to trigger the market growth.
Fiberglass composites segment is anticipated to be the fastest-growing owing to their extensive use in the automobile sector. They are used in automobile and aerospace sectors to make the vehicle lightweight and enhance performance. The composites are also used in the manufacturing of wind turbine blades and their structure.
Fiberglass insulation is used for thermal and electrical isolation in residential, commercial, and industrial buildings. Fiberglass can be used in construction in the form of walls, roofs, windows, and ladders. The aesthetic appeal of fiberglass coupled with growing construction spending globally is anticipated to drive the market.
In addition, the increasing use of fiberglass in wind energy installations, aerospace application, and consumer durables is expected to further boost the global fiberglass market.