The global fiberglass market size was estimated at USD 12.73 billion in 2016. The increasing use of fiberglass for the manufacturing of automobile and aircraft body parts owing to its high strength and lightweight properties is estimated to drive the market growth.

Chopped strand segment is estimated to grow with the highest CAGR in the fiberglass marketBy product type, chopped strand segment is projected to record the highest growth in terms of both value and volume during 2020-2025. Chopped strands are fiberglass strands that are used to provide reinforcemen

The growing demand for the product in the construction and automotive industry is expected to lead the fiberglass market growth majorly. The market further drives demand for use in insulator application that will increase the demand of E- glass. Increasing the renewable source of energy is the oppor

The global Glass Fiber Market is expected to grow at a compound annual growth rate (CAGR) of 4%.

The fiberglass market is growing due to the extensive use of fiberglass in the construction industry, use of fiberglass composites by the automotive industry for enhanced performance, and an increasing number of wind turbine installations.Chopped strand is projected to be the fastest-growing type se

Factors such as extensive use of fiberglass in the construction & infrastructure industry and the increased use of fiberglass composites in the automotive industry are driving the growth of fiberglass market.