Fiberglass Market - Global Forecast 2027
The report " Fiberglass Market by Glass Type (E-Glass, ECR-Glass, H-Glass, AR-Glass, S-Glass), Product Type (Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand), Application (Composites, Insulation) and Region - Global Forecast 2027" , size is expected to grow from USD 27.5 billion in 2022 to USD 38.8 billion by 2027, at a CAGR of 7.1% during the forecast period. Fiberglass is being used in the construction & infrastructure, aerospace, wind energy, automotive, electronics, and other end-use industries. The increasing wind energy projects and demand of lightweight material from automotive industry support the demand for fiberglass in the wind energy and automotive end-use industry. Fiberglass composites have a higher strength-to-weight ratio, which is an important factor for automotive industry. Vehicles with reduced weight and higher strength have better economy and less carbon emission, which helps to reduce the fuel cost. In the US, automakers have sh