Lucintel's latest market report analyzed that European glass fiber provides attractive opportunities in the transportation, construction, electrical and electronics, pipe and tank, wind energy, and consumer goods industries. The European glass fiber market is expected to reach $4.0 billion by 2028 with a CAGR of 4.3%. In this market, transportation is the largest segment by application, whereas E (ECR) glass is largest by product type.
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Based on application, the European glass fiber market is segmented into marine, transportation, pipe and tank, aerospace, construction, electrical and electronics, consumer goods, wind energy, and others. The transportation segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to value and volume consumption. Government regulations, such as carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight, and this is the key driver for glass fiber in the transportation industry.
Browse in-depth TOC on "European Glass Fiber Market"
46 – Tables
64 – Figures
158 – Pages
The European Glass Fiber Market is marked by the presence of several big and small players. Some of the prominent players offering European glass fiber include Owens Corning, Johns Manville, 3B glass fiber, Nippon Electric Glass and Lanxess.
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