Fiberglass Market Size, Growth Revenue, SWOT, PEST Analysis, Growth Factors 2030
The global fiberglass market Size is growing pervasively, mainly due to the varied applications of the product in the bourgeoning automotive industry. The most easily available and cheapest composite fabric, fiberglass, also finds its uses in a diverse range of industrial applications, which is acting as a key tailwind to the growth of the market. Moreover, massive consumption of fiberglass in end-use industries, such as aerospace, electrical, pharmaceutical, and others escalate the market on the global platform. The fiberglass market is expected to gain a market value of USD 14,300 million by 2030 at a CAGR of 4.50% over the forecast period of 2022-2030. The growing automotive and electrical industry on account of developing domestic as well as commercial market is boosting the growth of the fiberglass market. Additionally, fiberglass applications in insulation are providing a considerable impetus to the market growth. Besides, the impressive growth in construction activities gl