Global Glass‑Fiber Reinforced Materials Market Forecast 2017‑2023: Growth Drivers, Product Segments, and Regional Outlook

The global market for glass‑fiber reinforced materials is projected to rise from $92.1747 billion in 2016 to $161.4384 billion by 2023, reflecting an average annual growth rate of 8.3 %.

Key growth drivers include the expanding construction sector, heightened demand for green building solutions, and the increasing preference for value‑added glass‑fiber products. Rising energy costs and stringent government regulations also influence market dynamics. However, recycling challenges pose a significant hurdle.

During the forecast period, untwisted roving is expected to outperform other product categories in terms of CAGR, driven by its widespread use in tank, pipeline, and other structural composites.

The Asia‑Pacific region is poised for the highest growth, fueled by robust infrastructure investment, a surge in automotive demand, and China’s market expansion.

Product types covered in the market include:

• Chopped Strand
• Chopped Strand Mat (CSM)
• Continuous Fiberglass Mat (CFM)
• Untwisted Roving
• Untwisted Roving Cloth
• Fiberglass Fabric
• and others

Primary end‑users encompass:

• Aerospace & Defense
• Electronics
• Consumer Goods
• Architecture
• Wind Energy
• Ocean & Maritime
• Industrial Applications
• Automobile & Transportation
• and more

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