Zion Market Research Global Fiberglass Market, 2016–2024 | Page 3

Fiberglass Market
Global Fiberglass Market: Growth Factors
Rising demand for fiberglass in lightweight automobiles and aircraft is expected to drive the
global fiberglass market growth. Increasing trend of replacing heavier metal components by
lighter weight fiberglass has created immense growth opportunities, stirring up the demand
in the potential markets. In addition, plentiful use of fiberglass in wind turbines makes the
wind energy sector a valuable revenue generator for the fiberglass. Many manufacturers
engaged in manufacturing low-cost fiberglass may drive the global fiberglass market growth.
The global market shows augmenting results due to increasing adoption in insulations and
composites. The advantages it offers from roofing to external door skins and aircraft to
septic tanks is anticipated to contribute to the growth in future.
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Global Fiberglass Market: Segmentation
The global fiberglass market if divided based on type as yarns and roving. Based on the
application, the global market is classified as insulation, composites, and others. Of these,
composites accounted for the largest market share globally. Geographically, the global
fiberglass market is segmented as North America, Europe, Asia-Pacific, Latin America, and
the Middle East & Africa.