Chopped Strand Glass Fibers Market
The market for Chopped Strand Glass Fibers was estimated at $1.2 billion in 2024; it is anticipated to increase to $1.7 billion by 2030, with projections indicating growth to around $2.4 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Chopped Strand Glass Fibers Market Outlook
Revenue, 2024
$1.2B
Forecast, 2034
$2.3B
CAGR, 2025 - 2034
6.9%
The Chopped Strand Glass Fibers industry revenue is expected to be around $1.2 billion in 2025 and expected to showcase growth with 6.9% CAGR between 2025 and 2034. This robust growth in the Chopped Strand Glass Fibers market can be attributed to a multitude of driving factors. The materials exceptional strength, lightweight nature, and resistance to heat and corrosion have made it a vital component in various industries. Its particularly relevant in the construction and automotive sectors, where the demand for durable, lightweight materials is continually on the rise. Furthermore, the ongoing technological advancements and the rise in environmental consciousness have led to the development of more efficient and sustainable production methods, further propelling the markets significance.
Chopped Strand Glass Fibers are essentially tiny strands of glass that have been chopped into specific lengths. They are known for their high tensile strength, dimensional stability, and excellent electrical insulation properties. These features make them ideal for use in a wide range of applications, including reinforcement materials in plastic and rubber products, insulation in electrical applications, and as a key component in the production of fiberglass. Recent market trends indicate a growing demand for these fibers in the renewable energy sector, particularly in wind turbine production, due to their high strength-to-weight ratio and durability.
Market Key Insights
- The Chopped Strand Glass Fibers market is projected to grow from $1.2 billion in 2024 to $2.3 billion in 2034. This represents a CAGR of 6.9%, reflecting rising demand across Automotive, Construction and Electrical & Electronics Industry.
- Owens Corning, Jushi Group, Nippon Electric Glass are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Chopped Strand Glass Fibers market and are expected to observe the growth CAGR of 4.5% to 6.6% between 2024 and 2030.
- Emerging markets including Indonesia, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 7.9% to 9.5%.
- Transition like Shift Towards Lightweight Composite Materials has greater influence in U.S. and China market's value chain; and is expected to add $54 million of additional value to Chopped Strand Glass Fibers industry revenue by 2030.
- The Chopped Strand Glass Fibers market is set to add $1.1 billion between 2024 and 2034, with manufacturer targeting Construction & Electronics Applications projected to gain a larger market share.
- With Increasing demand in construction industry, and Advancements in automotive industry, Chopped Strand Glass Fibers market to expand 95% between 2024 and 2034.
Opportunities in the Chopped Strand Glass Fibers
Technological advancements in the manufacturing sector are also opening up new avenues for the use of Chopped Strand Glass Fibers. Innovative production techniques are enhancing the quality and performance of these fibers, making them more suitable for high-end applications in industries like aerospace, defense, and electronics.
Growth Opportunities in North America and Asia-Pacific
The North American market for Chopped Strand Glass Fibers is characterized by a high degree of competition and innovation. The regions robust automotive and construction industries are key drivers for demand, with manufacturers continually seeking high-strength, lightweight materials for enhanced fuel efficiency and structural integrity. The presence of leading manufacturers like Owens Corning and PPG Industries intensifies competition, pushing for advancements in product quality and application technology. The regions emphasis on sustainable solutions also presents opportunities for Chopped Strand Glass Fibers, particularly in wind energy applications where their strength and durability can significantly improve turbine efficiency and lifespan.
The Asia-Pacific region, led by China, India, and Japan, is witnessing a surge in demand for Chopped Strand Glass Fibers. Rapid industrialization, coupled with substantial investments in infrastructure development, is propelling the market. The regions burgeoning automotive sector, particularly electric vehicles, is a significant driver, given the materials lightweight and high heat resistance properties. Intense competition among local and international players like Nippon Electric Glass and Jushi Group fosters innovation and price competitiveness. The regions move towards renewable energy, specifically solar panels and wind turbines, also opens new avenues for Chopped Strand Glass Fibers, given their high tensile strength and corrosion resistance.
Market Dynamics and Supply Chain
01
Driver: Increasing Demand in Construction Industry, and Growth in Wind Energy Sector
The constructionindustry'sgrowing demand for durable and lightweight materials is also driving the market for Chopped Strand Glass Fibers. These fibers are also incorporated into concrete to increase its tensile strength, durability, and resistance to environmental factors, making them an ideal choice for construction projects. The rising number of construction activities worldwide, especially in developing countries, is also expected to further propel the demand for Chopped Strand Glass Fibers. The wind energy sectors expansion is also also contributing to the growth of the Chopped Strand Glass Fibers market. These fibers are also used in the manufacturing of wind turbine blades due to their high strength and flexibility.
The automotiveindustry'sshift towards lightweight and fuel-efficient vehicles is also another significant for the Chopped Strand Glass Fibers market. These fibers are also used in various automotive parts due to their high strength-to-weight ratio, which helps reduce the overall weight of vehicles, thereby enhancing fuel efficiency. With the increasing focus on reducing carbon emissions and improving vehicle performance, the application of Chopped Strand Glass Fibers in the automotive industry is also expected to grow significantly.
02
Restraint: High Production Cost
The production of Chopped Strand Glass Fibers involves complex manufacturing processes that require substantial energy consumption, leading to high production costs. This, in turn, increases the final product price, making it less competitive in the market. Additionally, the cost of raw materials such as silica, limestone, and dolomite, which are essential in the production of glass fibers, is also on the rise. These escalating costs pose a significant challenge to the growth of the Chopped Strand Glass Fibers market.
03
Opportunity: Rising Infrastructure Development in Emerging Economies and Expanding Automotive Sector
The rapid pace of infrastructure development in emerging economies like India, China, and Brazil is expected to boost the demand for Chopped Strand Glass Fibers. These fibers are extensively used in the construction industry due to their excellent reinforcement properties and resistance to environmental factors. The ongoing urbanization and industrialization trends in these countries are likely to drive the growth of the Chopped Strand Glass Fibers market.
The automotiveindustry'scontinuous evolution and growing demand for lightweight, high-strength materials present a significant for Chopped Strand Glass Fibers. These fibers are increasingly being used in the manufacturing of various automotive parts due to their superior mechanical properties and cost-effectiveness. The increasing production of electric vehicles, which require lightweight components to improve efficiency, further augments this .
04
Challenge: Environmental Concerns
The production of Chopped Strand Glass Fibers generates a considerable amount of waste and releases harmful emissions into the environment. These environmental concerns have led to stringent regulations being imposed by various governments and environmental agencies worldwide. Compliance with these regulations often necessitates additional investments in waste management and emission control technologies, further increasing the overall production cost.
Supply Chain Landscape
1
Raw Material Procurement
PilkingtonAGC Inc
2
Fiber Production
Owens CorningJushi Group
3
Chopping & Treatment
Saint-GobainNippon Electric Glass
4
Distribution & End-Use Industry
3MSika AG
1
Raw Material Procurement
PilkingtonAGC Inc
2
Fiber Production
Owens CorningJushi Group
3
Chopping & Treatment
Saint-GobainNippon Electric Glass
4
Distribution & End-Use Industry
3MSika AG
Use Cases of Chopped Strand Glass Fibers in Automotive & Construction
Automotive Industry : Chopped Strand Glass Fibers are extensively used in the automotive industry due to their high strength and lightweight properties. They are primarily used in the manufacturing of under-the-hood components, interior parts, and exterior body parts. The use of Chopped Strand Glass Fibers in this industry helps in reducing the overall weight of the vehicle, thereby improving fuel efficiency. Major players in this sector, such as Toyota and General Motors, have recognized these benefits and incorporated the use of these fibers in their production processes, strengthening their market position.
Construction Industry : In the construction industry, Chopped Strand Glass Fibers are commonly used in the production of cement and concrete reinforcement materials. Their high tensile strength and resistance to corrosion make them an ideal choice for this application. They enhance the durability and longevity of construction structures, providing a competitive edge to top players like LafargeHolcim and HeidelbergCement who utilize these fibers in their products.
Electrical & Electronics Industry : The electrical and electronics industry also utilizes Chopped Strand Glass Fibers in the production of circuit boards and other electronic components. These fibers are known for their excellent electrical insulation properties and resistance to heat, which are crucial in this industry. Top players such as Samsung and Apple have integrated the use of these fibers in their manufacturing processes, thereby enhancing their product quality and market position.
Recent Developments
The global market for Chopped Strand Glass Fibers has been witnessing significant growth over the recent years. This surge can be attributed to its extensive application in industries such as automotive, construction, and electronics. The unique properties of Chopped Strand Glass Fibers, including high strength, flexibility, and thermal resistance, have made it a preferred choice for manufacturers in these sectors.
December 2024 : Owens Corning, a leading manufacturer of Chopped Strand Glass Fibers, announced the launch of a new environmentally friendly product line, leveraging advanced recycling technologies
October 2024 : Saint-Gobain, a key player in the Chopped Strand Glass Fibers market, expanded its production capacity in Asia, responding to the increasing demand for high-strength, lightweight materials in the automotive industry
August 2024 : PPG Industries, a prominent provider of Chopped Strand Glass Fibers, entered a strategic partnership with a leading electric vehicle manufacturer, aiming to enhance the strength and durability of electric vehicle components.
Impact of Industry Transitions on the Chopped Strand Glass Fibers Market
As a core segment of the Composite industry,
the Chopped Strand Glass Fibers market develops in line with broader industry shifts.
Over recent years, transitions such as Shift Towards Lightweight Composite Materials and Adoption of Green Manufacturing Practices have redefined priorities
across the Composite sector,
influencing how the Chopped Strand Glass Fibers market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift Towards Lightweight Composite Materials
The global industry has been witnessing a significant transition towards lightweight composite materials. Chopped strand glass fibers have been at the forefront of this shift, given their high strength-to-weight ratio and durability. These properties make them an ideal choice for various industries, including automotive, aerospace, and construction, where weight reduction is a critical factor. For instance, in the automotive industry, the use of chopped strand glass fibers in car parts has led to improved fuel efficiency and performance.
02
Adoption of Green Manufacturing Practices
Another notable transition in the chopped strand glass fibers industry is the adoption of green manufacturing practices. Environmental concerns have pushed manufacturers to adopt sustainable methods in the production of chopped strand glass fibers. This transition has not only helped companies reduce their carbon footprint but also opened up new opportunities in markets demanding eco-friendly products. For example, the construction industry, which is increasingly leaning towards green building materials, has seen a rise in the demand for chopped strand glass fibers produced through sustainable methods.