World - Glass Fibre Mats - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGlass Fibre Mat Market
The global glass fibre mat market is projected to continue its upward trend in consumption, with a forecasted volume of 3M tons and a value of $8.4B by 2030. Consumption in 2022 saw a slight decrease, but overall exhibited strong growth from 2012-2022. China, the United States, and Germany were the top consuming countries, while China dominated in production and exports. The average import and export prices remained relatively stable, with differences noted amongst top exporting countries.
Market Forecast
Driven by increasing demand for glass fibre mats worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market volume to 3M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.7% for the period from 2022 to 2030, which is projected to bring the market value to $8.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Glass Fibre Mats
In 2022, consumption of glass fibre mats decreased by less than 0.1% to 2.1M tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.0% against 2019 indices. Global consumption peaked at 2.1M tons in 2021, and then shrank modestly in the following year.
The global glass fibre mat market revenue expanded to $5B in 2022, surging by 2.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.8% against 2016 indices. Global consumption peaked in 2022 and is likely to see gradual growth in years to come.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (414K tons), the United States (236K tons) and Germany (223K tons), together accounting for 41% of global consumption. India, Japan, Poland, Russia, Bangladesh, Brazil, Indonesia, the UK, Mexico and South Korea lagged somewhat behind, together accounting for a further 37%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Poland (with a CAGR of +19.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($597M), Germany ($590M) and Japan ($513M) appeared to be the countries with the highest levels of market value in 2022, together accounting for 34% of the global market. The United States, Indonesia, India, Poland, the UK, Brazil, Bangladesh, Mexico, South Korea and Russia lagged somewhat behind, together accounting for a further 41%.
In terms of the main consuming countries, Poland, with a CAGR of +19.3%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of glass fibre mat per capita consumption in 2022 were Germany (2,688 kg per 1000 persons), Poland (2,609 kg per 1000 persons) and Japan (797 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Poland (with a CAGR of +19.8%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Glass Fibre Mats
For the fourth year in a row, the global market recorded growth in production of glass fibre mats, which increased by 2.3% to 2.1M tons in 2022. Overall, the total production indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +12.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 17%. Over the period under review, global production hit record highs in 2022 and is expected to retain growth in the immediate term.
In value terms, glass fibre mat production rose markedly to $4.7B in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.7% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 31% against the previous year. Global production peaked in 2022 and is expected to retain growth in the immediate term.
Production By Country
The country with the largest volume of glass fibre mat production was China (524K tons), accounting for 25% of total volume. Moreover, glass fibre mat production in China exceeded the figures recorded by the second-largest producer, the United States (226K tons), twofold. Germany (202K tons) ranked third in terms of total production with a 9.8% share.
In China, glass fibre mat production expanded at an average annual rate of +6.8% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+8.6% per year) and Germany (+5.4% per year).
Imports
World Imports of Glass Fibre Mats
In 2022, the amount of glass fibre mats imported worldwide contracted dramatically to 356K tons, with a decrease of -17.4% compared with 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 20%. Global imports peaked at 463K tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
In value terms, glass fibre mat imports reduced remarkably to $757M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of $913M, and then fell dramatically in the following year.
Imports By Country
The United States (42K tons), Germany (37K tons), Canada (28K tons) and France (27K tons) represented roughly 38% of total imports in 2022. Japan (15K tons), Mexico (14K tons), Italy (14K tons), Poland (13K tons), South Korea (13K tons), Spain (12K tons), the United Arab Emirates (12K tons), the UK (12K tons) and Turkey (8.6K tons) took a minor share of total imports.
From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +14.6%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($91M), France ($53M) and Mexico ($52M) constituted the countries with the highest levels of imports in 2022, together comprising 26% of global imports. Canada, Germany, Italy, South Korea, Japan, Poland, Spain, the UK, the United Arab Emirates and Turkey lagged somewhat behind, together comprising a further 39%.
Among the main importing countries, Turkey, with a CAGR of +11.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average glass fibre mat import price stood at $2,130 per ton in 2022, standing approx. at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 11%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($3,629 per ton), while Germany ($1,204 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.5%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Glass Fibre Mats
In 2022, the amount of glass fibre mats exported worldwide declined to 297K tons, reducing by -8.4% on the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 15% against the previous year. Over the period under review, the global exports hit record highs at 332K tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.
In value terms, glass fibre mat exports reduced to $678M in 2022. The total export value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $752M, and then dropped in the following year.
Exports By Country
In 2022, China (111K tons) was the main exporter of glass fibre mats, making up 37% of total exports. The United States (32K tons) took the second position in the ranking, followed by Italy (26K tons), France (17K tons), Thailand (16K tons) and Germany (16K tons). All these countries together took near 36% share of total exports. Taiwan (Chinese) (11K tons), Belgium (10K tons), Canada (8.2K tons), the UK (8.1K tons), Mexico (5.8K tons) and Poland (5.5K tons) took a minor share of total exports.
From 2012 to 2022, average annual rates of growth with regard to glass fibre mat exports from China stood at +13.3%. At the same time, Thailand (+76.4%), Mexico (+20.0%), the UK (+15.4%), Taiwan (Chinese) (+3.7%) and Poland (+1.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +76.4% from 2012-2022. Italy and France experienced a relatively flat trend pattern. By contrast, Belgium (-2.1%), the United States (-3.6%), Germany (-4.7%) and Canada (-6.4%) illustrated a downward trend over the same period. China (+26 p.p.), Thailand (+5.5 p.p.), the UK (+2 p.p.) and Mexico (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Canada, Germany and the United States saw its share reduced by -2.9%, -3.9% and -5.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($158M), Germany ($93M) and the United States ($75M) were the countries with the highest levels of exports in 2022, together comprising 48% of global exports. Italy, France, Belgium, Canada, Thailand, Mexico, Taiwan (Chinese), the UK and Poland lagged somewhat behind, together comprising a further 38%.
In terms of the main exporting countries, Thailand, with a CAGR of +74.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average glass fibre mat export price stood at $2,278 per ton in 2022, with a decrease of -1.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 10%. The global export price peaked at $2,316 per ton in 2021, and then dropped slightly in the following year.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($5,729 per ton), while Thailand ($1,396 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global glass fibre mat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23141162 - Glass fibre mats made of filaments
- Prodcom 23141217 - Glass fibre mats made of glass wool
- Prodcom 23141210 -
- Prodcom 23141220 -
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global glass fibre mat market.
This report provides an in-depth analysis of the global glass fiber market.
Global Glass Wool Mat Market Report 2018. This report provides an in-depth analysis of the global glass wool mat market.
Global Filament Mat Market Report 2018. This report provides an in-depth analysis of the global filament mat market.
This report provides an in-depth analysis of the global market for glass fibre filament, roving, and staple glass fibre article.
This report provides an in-depth analysis of the global market for glass fibre chopped strand.
This report provides an in-depth analysis of the global glass fibre filament market.
This report provides an in-depth analysis of the global market for glass fibre and article.
Global Staple Glass Fibre Articles Market Report 2018. This report provides an in-depth analysis of the global market for staple glass fibre articles.
This report provides an in-depth analysis of the global market for non-woven glass fibre articles.
Global sliver and roving imports totaled X tons in 2016, rising by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- the ...
Global sliver and roving imports totaled X tons in 2016, rising by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- the ...
2020 was a serious test for the glass fibre market. The fall in production was extreme in April 2020. Still, demand began to recover in the second half of the year thanks to a recovery in the composite consumer goods sector. Chinese glass fibres and glass fibre articles became more expensive in the strengthening of the yuan and, also, hit by the European Union's anti-dumping duties.
In value terms, carded and combed artificial staple fibres imports amounted to $X in 2016. Overall, carded and combed artificial staple fibres imports continue to indicate a abrupt curtailment. Over...
In value terms, carded and combed artificial staple fibres exports amounted to $X in 2016. Overall, carded and combed artificial staple fibres exports continue to indicate a deep decrease. Global ca...
In value terms, cane and beet sugar and sucrose imports totaled $X in 2016. Overall, it indicated a perceptible growth from 2007 to 2016: the total imports value increased at an average annual rate ...
In value terms, cane and beet sugar and sucrose exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>