Glass Fiber Felt Market size was valued at USD 1.5 Billion in 2024 and is forecasted to grow at a CAGR of 7.5% from 2026 to 2033, reaching USD 2.8 Billion by 2033.
The global glass fiber felt market was valued at USD 3.7 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. The market growth is driven by the increasing demand for high performance materials in various end use industries such as construction, automotive, and aerospace. Glass fiber felt offers excellent thermal insulation, high mechanical strength, and resistance to corrosion, making it an ideal material for industrial applications. The growing trend toward lightweight and energy efficient materials is further propelling the demand for glass fiber felt globally. As a result, the market is expected to witness substantial growth over the forecast period, with a projected market size of approximately USD 7.2 billion by 2030. Regionally, North America holds a significant share of the glass fiber felt market, accounting for 35% of the total market value in 2022. This is attributed to the strong presence of industries such as automotive, aerospace, and construction, where the demand for high quality insulation materials is prominent. Europe follows closely, with the market share estimated at 30%, driven by stringent environmental regulations and the emphasis on energy efficient solutions. The Asia Pacific region is expected to witness the highest growth during the forecast period, with a projected CAGR of 8.5%. This growth is largely attributed to rapid industrialization and the increasing demand for glass fiber felt in emerging economies like China and India. Additionally, the Middle East and Africa regions are also expected to show steady growth due to growing infrastructure projects and advancements in construction technologies.
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PPG Industries
Johns Manville
AGY Holding Corp
Nippon Electric Glass
Owens Corning
Taishan Fiberglass
Jiangsu Jiuding New Material
Jushi Group
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. 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 Global Glass Fiber Felt Market
Needle-punched Glass Fiber Felt
Woven Glass Fiber Felt
Nonwoven Glass Fiber Felt
Building & Construction
Aerospace
Automotive
Marine
Industrial
Electrical & Electronics
Construction
Transportation
Electrical & Electronics
Oil & Gas
Aerospace & Defense
Automotive
Continuous Glass Fiber
Chopped Glass Fiber
Thin (<1mm)
Medium (1mm–5mm)
Thick (>5mm)
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 Global Glass Fiber Felt 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. Global Glass Fiber Felt Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Glass Fiber Felt Market, By Type
6. Global Glass Fiber Felt Market, By Application
7. Global Glass Fiber Felt Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Glass Fiber Felt Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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