Europe D-Glass Fibers Market was valued at USD 1.10 Billion in 2022 and is projected to reach USD 1.85 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The European glass fiber market is experiencing significant growth, propelled by its diverse applications across various industries. As of 2020, the market was valued at approximately $1.81 billion and is projected to reach $2.34 billion by 2027, reflecting a compound annual growth rate (CAGR) of 3.7%. This growth is primarily driven by the increasing demand for glass fiber reinforced plastic (GFRP) composites, which are valued for their lightweight and durable properties. citeturn0search1
Glass fibers are categorized based on their composition and manufacturing processes. The most prevalent types in the European market include:
E-Glass: Known for its electrical insulating properties, E-Glass is widely used in electrical and electronic applications.
S-Glass: Recognized for its high strength, S-Glass is utilized in demanding applications such as aerospace and military sectors.
C-Glass: Resistant to chemical corrosion, C-Glass is often employed in construction and marine environments.
ECR-Glass: Combining the properties of E-Glass and C-Glass, ECR-Glass offers enhanced corrosion resistance, making it suitable for various industrial applications. citeturn0search2
Industries across Europe are increasingly adopting glass fibers due to their superior performance characteristics. Key sectors driving demand include:
Transportation: The automotive industry utilizes glass fibers to produce lightweight components, aiming to improve fuel efficiency and meet stringent emission standards. citeturn0search0
Construction: Glass fibers reinforce materials used in building facades, pipes, and tanks, offering durability and resistance to environmental factors. citeturn0search1
Electrical and Electronics: Components such as circuit boards and insulators are manufactured using glass fibers to enhance electrical performance and reliability. citeturn0search1
Wind Energy: The production of wind turbine blades relies heavily on glass fiber composites, which provide the necessary strength-to-weight ratio for efficient energy generation. citeturn0search0
Consumer Goods: Products like bathtubs, shower stalls, and recreational equipment are made using glass fibers to combine aesthetic appeal with structural integrity. citeturn0search1
In 2024, the European Union produced approximately 2 million tons of glass fibers and related articles, a slight decrease of 1.9% compared to 2023. Despite this minor decline, the overall production trend indicates a stable demand for glass fibers, with fluctuations attributed to market dynamics and economic factors. citeturn0search3
Looking ahead, the European glass fiber market is poised for continued growth. Projections suggest that the market will add over $900 million from 2024 to 2029, driven by the expanding applications of fiberglass composites in construction, automotive, aerospace, marine, and renewable energy sectors. citeturn0search4 This growth underscores the material's versatility and essential role in modern industrial applications.
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Owens Corning
PPG Industries
Saint-Gobain
Jushi Group
Nippon Electric Glass
Taishan Fiberglass (Sinoma)
Johns Manville
Lanxess
CPIC
Ahlstrom
Changzhou Tianma Group
Sichuan Weibo New Material Group
Jiangsu Jiuding New Material
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe D-Glass Fibers Market
Standard D-Glass Fiber
High-Strength D-Glass Fiber
Electrical D-Glass Fiber
Continuous Fiber Production
Chopped Fiber Production
Woven Roving Production
Aerospace and Defense
Automotive
Construction
Electrical and Electronics
Sporting Goods
Rolls
Sheets
Pultruded Products
Composites Manufacturing
Marine
Wind Energy
Consumer Goods
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe D-Glass Fibers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe D-Glass Fibers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe D-Glass Fibers Market, By Type
6. Europe D-Glass Fibers Market, By Application
7. Europe D-Glass Fibers Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe D-Glass Fibers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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