Forecast of Global Glass Fiber Market in 2025

The global glass fiber market is expected to grow from $11.5 billion in 2020 to $14.3 billion in 2025, with a CAGR of 4.5% from 2020 to 2025.

The global glass fiber market is expected to grow from $11.5 billion in 2020 to $14.3 billion in 2025, with a CAGR of 4.5% from 2020 to 2025. The major reasons for the growth of the glass fiber market include the widespread use of glass fiber in construction and the increasing use of glass fiber composites in the infrastructure industry and the automotive industry are driving the growth of the glass fiber market.

Opportunity: Increase wind capacity

Global fossil-fuel capacity is declining. Therefore, it is imperative to increase the use of renewable energy. Wind energy is one of the most important renewable energy sources. The increasing demand for wind energy is driving the glass fiber market. Fiberglass composites are used in wind turbines to make blades stronger and provide excellent fatigue and corrosion resistance

The direct and assembled roving segments are expected to dominate the glass fiber market by the end of 2020-2025

Due to its special properties such as high strength, stiffness and flexibility, direct and assembled roving is used in the wind energy and aerospace sectors. The growing demand for direct and assembled roving in the construction, infrastructure and wind energy industries is expected to drive this segment over the forecast period.

The Asia Pacific region is expected to grow at the highest CAGR during the forecast period.

The Asia Pacific region is expected to be the fastest growing fiberglass market during the forecast period. The growing demand for glass fibers is mainly due to the increasing focus on emission control policies and the growing demand for eco-friendly products leading to technological advancements in the field of composites.