Factors that have a positive impact on the US fiberglass Market

United States Fiberglass Market, By Type (Glass Wool, Direct & Assembled Roving, Chopped Strand, Yarn and Others), By Glass Fiber Type (E Glass, S Glass, C Glass, A Glass, R Glass, AR Glass, Others), By Resin (Thermoset Resins and Thermoplastic Resins), By Application (Composites and Glass Wool Insulation), By End User Industry (Construction & Infrastructure, Automotive, Wind Energy, Electronics, Aerospace & Defense, Others), By Top 10 States, Competition, Forecast & Opportunities, 2016-2026F, the United States Fiberglass Market is forecast to grow at a rate of 4.85% to reach USD3105.63 million by 2026. Growth in the market can be attributed to the growing construction & infrastructure industry. The United States Fiberglass Market has been primarily influenced by increasing expenditure on interior decoration, rising renovation activities and frequent changes in fiberglass fabric to complement the decor. The rising automotive industry is also accelerating the demand for fiberglass across the United States as it is used in manufacturing of light-weight vehicles due to its higher strength-to-weight ratio. 

The United States Fiberglass Market is segmented based on type, glass fiber type, resin, application, and end user industry, by top 10 states, by company. In terms of the type, the market can be segregated into Glass Wool, Direct & Assembled Roving, Chopped Strand, Yarn and Others. Out of these, the glass wool segment registered a dominant market share in 2020. The increasing use of glass wool in thermal and electrical insulation applications in the building and infrastructure sector will drive the sales of glass wool in the forecast period. Another usage of glass wool is in the attic of the building to maintain the temperature inside the building. This is further anticipated to boost the market of glass wool in the United States Fiberglass Market.
Based on Glass Fiber Type, the market is segmented into E Glass, S Glass, C Glass, A Glass, R Glass, AR Glass, Others. The E Glass segment dominated the United States Fiberglass Market in 2020 as products made of E-Glass are particularly resistant to abrasion and vibration and have excellent flexibility. Moreover, E-glass fiber is widely used in aerospace applications pertaining to its dimensional stability and temperature resistance.

In terms of application, the market is segmented into Composites and Glass Wool Insulation. Composites dominated the United States Fiberglass Market in 2020 owing to the growing use of composites in a wide array of end-use industries. Fiberglass composites are extensively used as a substitute for aluminum and steel in the manufacturing of lightweight vehicles in the automotive industry, which is expected to further improve its sale across the United States.