Global Fiberglass Market was valued at USD 13.5 Billion in the year 2017. Global Fiberglass Market is further estimated to grow at a CAGR of 6.16% from 2017 to reach USD 19.4 Billion by the year 2023. Asia-Pacific region holds the highest market share in 2017 and it is considered as the fastest growing market in the forecasted period. At a country level, developed markets like China holds a notable market share in 2017 and India is projected to grow at a gradual rate in the coming years.

PPG Industries, Inc. (U.S.), Owens Corning (U.S.), Nippon Electric Glass Co., Ltd. (Japan), Taiwan Glass Ind. Corp. (Taiwan), China Jushi Co., Ltd. (China), CertainTeed Corporation (U.S.) are some of the key players in the Fiberglass market with PPG Industries, Inc. holding considerable market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top manufacturers in the last 5 years.

Drivers:
Rising demand from the construction industry
Cost-effective production of fiberglass in developing countries
Restraints:
Reutilization of glass wool
Opportunities:
Development in the wind energy industry
Challenges:
Mass production of Fiberglass
Segmentation on the basis of the application includes Construction & Infrastructure, Wind Energy, Aerospace, Electronics, and Industrial of which the Wind Energy segment is expected to hold the highest market share during the forecast period.
Construction & Infrastructure segment of this market is also expected to grow at the highest CAGR of XXX during the year 2017-2022.

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Key Benefits for Stakeholders
Fiberglass Manufacturers, Distributors, and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.

By Application
Construction & Infrastructure
Wind Energy
Aerospace
Electronics
Industrial
Others

By Glass Fiber
A-Glass
E-Glass
S-Glass
Others

By Type
Direct and Assembled Roving
Glass Wool
Yarn
Chopped Strand

By Region
North America
Europe
Asia-Pacific
ROW

Key Market Players
PPG Industries, Inc. (U.S.)
Owens Corning (U.S.)
Nippon Electric Glass Co., Ltd. (Japan)
Taiwan Glass Ind. Corp. (Taiwan)
China Jushi Co., Ltd. (China)
CertainTeed Corporation (U.S.)
(A brief overview of another 13 companies is also provided)

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