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World - Glass Fibres and Glass Fibre Articles - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Glass Fibres and Glass Fibre Articles - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Mar 25, 2021

Growing Demand for Composite Consumer Products Supports the Glass Fibre Market

IndexBox has just published a new report: 'World - Glass Fibres and Glass Fibre Articles - Market Analysis, Forecast, Size, Trends, and Insights.' Here is a summary of the report's key findings.

2020 was a serious test for the glass fibre market. The fall in production was extreme in April 2020. Still, demand began to recover in the second half of the year thanks to a recovery in the composite consumer goods sector. Chinese goods became more expensive due to the strengthening of the yuan and the introduction of anti-dumping duties by the EU.

Key Trends and Insights

Last year the global glass fibre industry was hampered by lockdowns and disruption of raw material supply chains.

In Europe, the deepest drop in production of glass fibre articles was recorded in April 2020. A similar situation was observed in almost all developed countries. In the third and fourth quarters of 2020, demand for glass fibre resumed growth thanks to the recovery in the automotive and composite consumer goods industry. The demand for household articles grew due to rising construction and a wave of home renovations.

The growth of the yuan against the dollar pushed up prices on imported goods from China. In the European market, this effect is more pronounced due to anti-dumping duties imposed in mid-2020 on Chinese fibreglass companies, whose excess capacity is believed to have been subsidized by the local government.

The growth driver for the glass fibre market in the coming years may be the development of wind energy in the United States. Several U.S. states raised their renewables portfolio standards (RPS) since the blades for wind turbines are usually made of fibreglass materials.

China Emerges as the Largest Consuming and Exporting Country

In 2019, the global glass fibres market increased by 0.1% to $30.2B, rising for the third consecutive year after two years of decline. This figure includes the total consumption of glass fibre filaments, rovings, chopped strands, staple glass fibre articles, voiles, webs, mats, fabrics, and other articles of glass fibres.

With 3M tons, China remains the largest consuming country worldwide, accounting for 23% of total volume (IndexBox estimates). Moreover, China's demand exceeded the figures recorded by the second-largest consumer, India (1.1M tons), threefold. The third position in this ranking was occupied by the U.S. (1.1M tons), with an 8.8% share.

From 2012 to 2019, the average annual growth rate in China amounted to +1.0%. The remaining consuming countries recorded the following growth: India (+2.1% per year) and the U.S. (+1.3% per year).

In value terms, China ($6.4B), the U.S. ($3.7B), and India ($2.6B) were the countries with the highest levels of market value in 2019, together comprising 42% of the global market.

The countries with the highest levels of glass fibre, mat, and voile per capita consumption in 2019 were France (10 kg per person), the UK (8.07 kg per person), and Germany (6.70 kg per person).

In 2019, China (1.6M tons) represented the largest exporter of glass fibres, mats, and voiles, constituting 30% of total exports (IndexBox estimates). Belgium (414K tons) took the second position in the ranking, followed by Malaysia (337K tons). All these countries together took near 14% share of total exports. The U.S. (212K tons), Germany (211K tons), Egypt (209K tons), Taiwan (Chinese) (203K tons), the Czech Republic (194K tons), the Netherlands (170K tons), France (168K tons), Mexico (166K tons), the UK (142K tons) and Slovakia (136K tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +5.6% from 2012 to 2019. At the same time, Egypt (+35.4%), Mexico (+5.4%), the Netherlands (+5.3%), the UK (+4.6%), Malaysia (+4.4%), Belgium (+3.7%), Germany (+3.6%), the Czech Republic (+3.2%) and Slovakia (+3.1%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported globally, with a CAGR of +35.4% from 2012-2019. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, France (-1.1%) and the U.S. (-5.1%) illustrated a downward trend over the same period.

In value terms, the largest glass fibre, mat, and voile supplying countries worldwide were China ($2.6B), the U.S. ($1.4B), and Germany ($953M), with a combined 39% share of global exports. These countries were followed by Belgium, France, Taiwan (Chinese), Malaysia, the UK, the Czech Republic, Mexico, the Netherlands, Egypt, and Slovakia, which accounted for a further 33%.

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Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for glass fibre and article. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)
  • Prodcom 23141130 - Glass fibre filaments (including rovings)
  • Prodcom 23141150 - Slivers, yarns and chopped strands of filaments of glass fibres (excluding glass fibre threads cut into lengths of at least 3 mm but . .50 mm)
  • Prodcom 23141170 - Staple glass fibre articles
  • Prodcom 23141210 -
  • Prodcom 23141230 -
  • Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
  • Prodcom 23141293 -
  • Prodcom 23141295 -
  • Prodcom 23141299 -
  • Prodcom 13204600 - Woven fabrics of glass fibre (including narrow fabrics, glass wool)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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