Zion Market Research Global Fiberglass Market, 2016–2024 | Page 4

Fiberglass Market
Global Fiberglass Market: Regional Analysis
North America contributed for the largest market share in the global fiberglass market. It
may continue a similar trend in the near future. The rapid expansion of the fiberglass
industry and increasing demand for composites and insulations in North America is
projected to propel the growth in the global market. Europe is following the same trend
owing to high demand for fiberglass. This region shows a considerable growth due to the
presence of large number manufacturers. Huge capital investment in composites segment
may drive the global market in Europe. Asia Pacific shows significant growth in the near
future owing to escalating growth in the fiberglass manufacturing activities. China is a major
consumer of fiberglass. The presence of major end-user industries such as wind energy,
consumer electronics, construction, and others contributed for the largest market share in
China. Asia Pacific and North America are directly impacted by the exponential growth in
population, which enhances the overall demand for general engineering and automobiles
industries.
Global Fiberglass Market: Competitive Players
Major players in the global fiberglass market are Owens Corning, Jushi Group, and Saint-
Gobain Vetrotex.