Glass Fibers & Specialty Synthetic Fibers Market Size – By Type (Glass Fibers and Specialty Synthetic Fibers), By Application (Textiles, Construction, Automotive, Aerospace & Defense, Marine, Consumer Goods, Packaging, Wind Energy and Others), & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-11-13
- NO OF PAGES
- 285
- CATEGORY
- Chemicals & Materials
Market Overview
The Glass Fibers & Specialty Synthetic Fibers market report is predicted to develop at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2034, when global Glass Fibers & Specialty Synthetic Fibers market forecast size is projected to reach USD 144.58 Billion in 2034, based on an average growth pattern. The global Glass Fibers & Specialty Synthetic Fibers market revenue is estimated to reach a value of USD 85.59 Billion in 2024.
SOURCE: We Market Research
Glass fibers are
materials made from finely drawn strands of glass and are used primarily in the
manufacture of composite materials. The market for glass fibers is driven by
demand for lightweight, durable, and strong materials, particularly in the
automotive and construction sectors. Specialty synthetic fibers are engineered
fibers designed for specific applications, including high-performance textiles,
filtration, and industrial uses. These fibers are typically derived from
petroleum-based sources, such as polyester, nylon, aramid, and polyolefins.
The global
market for glass fibers and specialty synthetic fibers is projected to grow
steadily, driven by increasing demand in emerging economies, technological
advancements, and the rising need for high-performance materials in critical
industries.
Global Glass Fibers & Specialty Synthetic Fibers Market
Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 85.59 Billion |
|
Market
Forecast in 2034 |
USD 144.58 Billion |
|
CAGR % 2024-2034 |
6.4% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Type, By
Application and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Glass Fibers & Specialty Synthetic Fibers Market
Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Glass Fibers & Specialty Synthetic Fibers market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Glass Fibers & Specialty Synthetic Fibers Market Segmentation
Market- By Type Analysis
By type, the Glass Fibers & Specialty Synthetic Fibers market analysis is categories into Glass Fibers and Specialty Synthetic Fibers. Amylases segment dominates the market with the largest share, accounting for over 70% of the market in 2023. Glass fibers are the dominant segment within the global market due to their extensive use in a wide variety of industries. Glass fibers are derived from natural silica and are known for their excellent strength-to-weight ratio, electrical insulation properties, and resistance to corrosion and heat. They are widely used in the production of composites (such as fiberglass), insulation materials, automotive parts, construction materials, and electronics.
The
following segments are part of an in-depth analysis of the global Glass Fibers
& Specialty Synthetic Fibers market:
|
Market Segments |
|
|
By Type |
·
Glass Fibers o
E-Glass o
S-Glass o
C-Glass o
Others ·
Specialty Synthetic Fibers o
Polyester o
Nylon o
Aramid o
Carbon Fibers o
Polypropylene (PP) o
Others |
|
By Application |
·
Textiles ·
Construction ·
Automotive ·
Aerospace & Defense ·
Marine ·
Consumer Goods ·
Packaging ·
Wind Energy ·
Others |
Glass Fibers & Specialty Synthetic Fibers Industry:
Regional Analysis
North America Market Forecast
North America holds a significant portion of the global Glass Fibers & Specialty Synthetic Fibers market, accounting for around 40% of the total market share in 2023. North America holds a dominant share due to technological leadership and the strong industrial base in the automotive, aerospace, and defense sectors. North America, particularly the United States, is a major market for glass fibers and specialty synthetic fibers. The growing demand for lightweight, high-performance materials in the automotive and aerospace sectors drives the adoption of glass fibers and synthetic fibers like carbon fibers and aramid fibers (e.g., Kevlar). North America is a leader in innovation and research in advanced materials, which fuels the demand for specialty fibers in sectors like defense, protective clothing, and construction.
Europe Market Statistics
Europe is a key
region for both glass and specialty synthetic fibers due to the strong presence
of the automotive and aerospace industries. Countries like Germany, France, and
the UK are investing in lightweight materials for vehicles and aircraft, which
directly benefits the demand for fibers like glass fibers and carbon fibers. The
European Union's focus on sustainability and energy efficiency has led to
greater adoption of advanced materials, including glass fibers in construction
and carbon fibers in renewable energy applications such as wind turbines. Europe
is a hub for research and development, particularly in the development of
lightweight composite materials and high-performance fibers for industrial
applications.
Asia Pacific Market Forecasts
sia-Pacific is
seeing robust growth in the demand for glass fibers and specialty synthetic
fibers, particularly driven by industrial growth in China, Japan, and India. The
Asia-Pacific region, particularly countries like China, India, and Japan, is
experiencing rapid industrialization and urbanization. This is driving the
demand for glass fibers in construction, automotive, and infrastructure
development. The demand for lightweight materials in the automotive industry is
increasing in Asia-Pacific, particularly in countries like China and Japan,
where electric vehicles (EVs) and fuel-efficient cars are becoming more
popular. This boosts demand for glass fibers and carbon fibers.
Middle East & Africa Market Statistics
The MEA region,
particularly in countries like Saudi Arabia and the UAE, is undergoing
significant infrastructure development, which drives the demand for glass
fibers in construction and reinforced concrete. The demand for high-performance
fibers like aramids in the defense and oil & gas sectors is growing,
although the market size is still relatively small compared to other regions.
Latin America Market Statistics
The increasing
focus on infrastructure development in Latin American countries such as Brazil
and Mexico is driving the demand for glass fibers in construction, especially
in reinforced concrete. As the automotive industry grows in Brazil, Argentina,
and Mexico, there is a rising demand for lightweight materials like carbon
fibers and glass fibers in automotive manufacturing.
Key Market Players
The Global Glass Fibers & Specialty Synthetic
Fibers Market is dominated by a few large companies, such as
·
Owens Corning
·
Jushi Group
·
PPG Industries
·
Saint-Gobain
·
China National Glass Industrial
Group Corporation (CNG)
·
Nippon Electric Glass Co., Ltd.
·
Sika AG
·
DuPont
·
Solvay
·
Teijin Limited
·
Hyosung Corporation
·
Toray Industries
·
DSM (Dutch State Mines)
·
BASF
·
Asahi Kasei Corporation
·
Others
1.
Global
Glass & Specialty Synthetic Fibers Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Glass & Specialty
Synthetic Fibers Market Scope and Market Estimation
1.2.1. Global Glass & Specialty
Synthetic Fibers Overall Market Size (US$ Bn) and Volume (Tons), Market CAGR
(%), Market forecast (2024 - 2034)
1.2.2. Global Glass & Specialty
Synthetic Fibers Market Revenue Share (%) and Volume Share (%) and Growth Rate
(Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Type of Global Glass &
Specialty Synthetic Fibers Market
1.3.2. Application of Global Glass
& Specialty Synthetic Fibers Market
1.3.3. Region of Global Glass &
Specialty Synthetic Fibers Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Limitations
2.5.3. Opportunities
2.5.4. Impact Analysis of Drivers and
Restraints
2.6. Key Developments
2.7. Porter’s Five Forces Analysis
2.7.1. Bargaining Power of Suppliers
2.7.2. Bargaining Power of Buyers
2.7.3. Threat of Substitutes
2.7.4. Threat of New Entrants
2.7.5. Competitive Rivalry
2.8. PEST Analysis
2.8.1. Political Factors
2.8.2. Economic Factors
2.8.3. Social Factors
2.8.4. Technology Factors
2.9. Key Regulation
3.
Global Glass & Specialty
Synthetic Fibers Market Estimates &
Historical Trend Analysis (2019 - 2023)
4. Global
Glass & Specialty Synthetic Fibers Market
Estimates & Forecast Trend Analysis, by Type
4.1. Global Glass & Specialty
Synthetic Fibers Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecast,
by Type, 2019 - 2034
4.1.1. Glass Fibers
4.1.1.1.
E-Glass
4.1.1.2.
S-Glass
4.1.1.3.
C-Glass
4.1.1.4.
Others
4.1.2. Specialty Synthetic Fibers
4.1.2.1.
Polyester
4.1.2.2.
Nylon
4.1.2.3.
Aramid
4.1.2.4.
Carbon
Fibers
4.1.2.5.
Polypropylene
(PP)
4.1.2.6.
Others
5. Global
Glass & Specialty Synthetic Fibers Market
Estimates & Forecast Trend Analysis, by Application
5.1. Global Glass & Specialty
Synthetic Fibers Market Revenue (US$ Bn) and Volume (Tons) Estimates and
Forecasts, by Application, 2019 - 2034
5.1.1. Textiles
5.1.2. Construction
5.1.3. Automotive
5.1.4. Aerospace & Defense
5.1.5. Marine
5.1.6. Consumer Goods
5.1.7. Packaging
5.1.8. Wind Energy
5.1.9. Others
6.
Global Glass & Specialty
Synthetic Fibers Market Estimates &
Forecast Trend Analysis, by Region
6.1. Global Glass & Specialty
Synthetic Fibers Market Revenue (US$ Bn) and Volume (Tons) Estimates and
Forecasts, by Region, 2019 - 2034
6.1.1. North America
6.1.2. Eastern Europe
6.1.3. Western Europe
6.1.4. Asia Pacific
6.1.5. Middle East & Africa
6.1.6. Latin America
7.
North
America Glass & Specialty Synthetic Fibers
Market: Estimates & Forecast Trend
Analysis
7.1.
North
America Glass & Specialty Synthetic Fibers Market Assessments & Key
Findings
7.1.1. North America Glass &
Specialty Synthetic Fibers Market Introduction
7.1.2. North America Glass &
Specialty Synthetic Fibers Market Size & Volume Estimates and Forecast (US$
Billion & Tons) (2019 - 2034)
7.1.2.1. By Type
7.1.2.2. By Application
7.1.2.3. By Country
7.1.2.3.1. The U.S.
7.1.2.3.2. Canada
7.1.2.3.3. Mexico
8.
Western
Europe Glass & Specialty Synthetic Fibers
Market: Estimates & Forecast Trend
Analysis
8.1. Western Europe Glass &
Specialty Synthetic Fibers Market Assessments & Key Findings
8.1.1. Western Europe Glass &
Specialty Synthetic Fibers Market Introduction
8.1.2. Western Europe Glass &
Specialty Synthetic Fibers Market Size & Volume Estimates and Forecast (US$
Billion & Tons) (2019 - 2034)
8.1.2.1. By Type
8.1.2.2. By Application
8.1.2.3.
By
Country
8.1.2.3.1.
Germany
8.1.2.3.2.
Italy
8.1.2.3.3.
U.K.
8.1.2.3.4.
France
8.1.2.3.5.
Spain
8.1.2.3.6.
Benelux
8.1.2.3.7.
Nordics
8.1.2.3.8. Rest
of W. Europe
9.
Eastern
Europe Glass & Specialty Synthetic Fibers
Market: Estimates & Forecast Trend
Analysis
9.1. Eastern Europe Glass &
Specialty Synthetic Fibers Market Assessments & Key Findings
9.1.1. Eastern Europe Glass &
Specialty Synthetic Fibers Market Introduction
9.1.2. Eastern Europe Glass &
Specialty Synthetic Fibers Market Size & Volume Estimates and Forecast (US$
Billion & Tons) (2019 - 2034)
9.1.2.1. By Type
9.1.2.2. By Application
9.1.2.3.
By
Country
9.1.2.3.1.
Russia
9.1.2.3.2.
Hungary
9.1.2.3.3.
Poland
9.1.2.3.4.
Balkan & Baltics
9.1.2.3.5. Rest of E. Europe
10. Asia Pacific Glass
& Specialty Synthetic Fibers Market:
Estimates & Forecast Trend Analysis
10.1. Asia Pacific Market Assessments
& Key Findings
10.1.1. Asia Pacific Glass & Specialty
Synthetic Fibers Market Introduction
10.1.2. Asia Pacific Glass &
Specialty Synthetic Fibers Market Size & Volume Estimates and Forecast (US$
Billion & Tons) (2019 - 2034)
10.1.2.1. By Type
10.1.2.2. By Application
10.1.2.3. By Country
10.1.2.3.1. China
10.1.2.3.2. Japan
10.1.2.3.3. India
10.1.2.3.4. Australia & New Zealand
10.1.2.3.5. South Korea
10.1.2.3.6. ASEAN
10.1.2.3.7. Rest of Asia Pacific
11. Middle East & Africa Glass
& Specialty Synthetic Fibers Market:
Estimates & Forecast Trend Analysis
11.1. Middle East & Africa Market
Assessments & Key Findings
11.1.1. Middle
East & Africa Glass
& Specialty Synthetic Fibers Market Introduction
11.1.2. Middle
East & Africa Glass
& Specialty Synthetic Fibers Market Size & Volume Estimates and
Forecast (US$ Billion & Tons) (2019 - 2034)
11.1.2.1. By Type
11.1.2.2. By Application
11.1.2.3. By Country
11.1.2.3.1. UAE
11.1.2.3.2. Saudi
Arabia
11.1.2.3.3. Turkey
11.1.2.3.4. South
Africa
11.1.2.3.5. Rest of
MEA
12. Latin America
Glass & Specialty Synthetic Fibers Market: Estimates & Forecast Trend Analysis
12.1. Latin America Market Assessments
& Key Findings
12.1.1. Latin America Glass &
Specialty Synthetic Fibers Market Introduction
12.1.2. Latin America Glass &
Specialty Synthetic Fibers Market Size & Volume Estimates and Forecast (US$
Billion & Tons) (2019 - 2034)
12.1.2.1. By Type
12.1.2.2. By Application
12.1.2.3. By Country
12.1.2.3.1. Brazil
12.1.2.3.2. Argentina
12.1.2.3.3. Colombia
12.1.2.3.4. Rest of
LATAM
13. Country Wise Market:
Introduction
14. Competition Landscape
14.1. Global Glass & Specialty
Synthetic Fibers Market Product Mapping
14.2. Global Glass & Specialty
Synthetic Fibers Market Concentration Analysis, by Leading Players / Innovators
/ Emerging Players / New Entrants
14.3. Global Glass & Specialty
Synthetic Fibers Market Tier Structure Analysis
14.4. Global Glass & Specialty
Synthetic Fibers Market Concentration & Company Market Shares (%) Analysis,
2023
15. Company Profiles
15.1. Owens Corning
15.1.1. Company Overview & Key Stats
15.1.2. Financial Performance & KPIs
15.1.3. Product Portfolio
15.1.4. SWOT Analysis
15.1.5. Business Strategy & Recent Developments
Similar details would be provided
for all the players mentioned below
15.2. Jushi Group
15.3. PPG Industries
15.4. Saint-Gobain
15.5. China National
Glass Industrial Group Corporation (CNG)
15.6. Nippon
Electric Glass Co., Ltd.
15.7. Sika AG
15.8. DuPont
15.9. Solvay
15.10. Teijin Limited
15.11. Hyosung
Corporation
15.12. Toray
Industries
15.13. DSM (Dutch
State Mines)
15.14. BASF
15.15. Asahi Kasei
Corporation
15.16. Others
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Glass Fibers & Specialty Synthetic Fibers Market in 2024?
Glass Fibers & Specialty Synthetic Fibers Market was valued at USD 85.59 Billion in 2024.
What is the growth rate for the Glass Fibers & Specialty Synthetic Fibers Market?
Glass Fibers & Specialty Synthetic Fibers Market size will increase at approximate CAGR of 6.4% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Owens Corning, Jushi Group, PPG Industries, Saint-Gobain, China National Glass Industrial Group Corporation (CNG), Nippon Electric Glass Co., Ltd., Sika AG, DuPont and others.
Which region dominates the Glass Fibers & Specialty Synthetic Fibers Market?
North America dominates the market with an active share of 40%.
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