Knowledge Process Outsourcing Market Forecasts to 2032 – Global Analysis By Service Type (Analytics & Market Research, Legal Process Outsourcing, Financial Process Outsourcing, R&D Outsourcing, Engineering & Design Services, Publishing Outsourcing, Intell
Description
According to Stratistics MRC, the Global Fiberglass Market is accounted for $35.08 billion in 2025 and is expected to reach $60.91 billion by 2032 growing at a CAGR of 8.2% during the forecast period. Fine glass fibers are woven into a fabric or mat and mixed with a resin matrix to create fiberglass, a reinforced plastic material. It is robust, long-lasting, and resistant to chemicals, heat, and corrosion. Fiberglass is widely utilized in the automotive, construction, marine, and aerospace industries because it is robust and lightweight, making it perfect for protective coatings, structural elements, and insulation. Its adaptability facilitates a wide range of engineering and production applications.
According to the U.S. Geological Survey (USGS) Mineral Commodity Summaries 2024, fiberglass production is closely tied to the global supply of silica sand and glass fibers, which saw an increase in demand of approximately 4.5% year-over-year in 2023.
Market Dynamics:
Driver:
Increasing demand for insulation materials
The rising demand for insulation materials is a significant driver for the fiberglass market, propelled by the construction industry's focus on energy-efficient buildings and stringent regulations for thermal and acoustic insulation. Glass wool is widely used for its superior insulating properties in residential, commercial, and industrial applications, helping reduce energy consumption and costs. Furthermore, the growing awareness of sustainable construction practices and the need to comply with environmental standards are accelerating the adoption of fiberglass insulation materials, thereby fueling market expansion.
Restraint:
Volatility of raw material prices
The industry relies heavily on materials such as silica sand, limestone, and glass fibers, whose prices are subject to fluctuations due to supply chain disruptions, geopolitical tensions, and natural disasters. This unpredictability not only increases production costs but also creates uncertainty for manufacturers, impacting profit margins and making it challenging to maintain stable pricing. Additionally, such volatility complicates long-term planning and procurement strategies, especially in competitive and price-sensitive markets.
Opportunity:
Growing demand for electric vehicles
The growing demand for electric vehicles (EVs) presents a promising opportunity for the fiberglass market. As EV manufacturers seek lightweight yet strong materials to enhance battery efficiency and vehicle range, fiberglass composites are increasingly favored for their excellent strength-to-weight ratio and durability. Moreover, the global shift toward green mobility and stricter emission regulations are accelerating the adoption of fiberglass in automotive components, enabling manufacturers to produce lighter, more energy-efficient vehicles, which will significantly boost fiberglass consumption in the automotive sector in the coming years.
Threat:
Environmental and health concerns
The production and disposal of fiberglass involve energy-intensive processes and the use of chemicals, contributing to greenhouse gas emissions and environmental pollution. Additionally, fiberglass waste is challenging to recycle and can persist in landfills, raising sustainability issues. Health risks associated with handling fiberglass, such as skin and respiratory irritation, further complicate its usage. Moreover, tightening environmental regulations and the demand for eco-friendly alternatives may restrict market growth.
Covid-19 Impact:
The COVID-19 pandemic had a profound impact on the fiberglass market, leading to production stoppages, supply chain disruptions, and restricted availability of vehicle components. Manufacturing operations were significantly hampered due to lockdowns and labor shortages, causing delays and increased costs. However, as economies gradually reopened and industrial activities resumed, the market began to recover, supported by renewed investments in construction and automotive sectors. The pandemic also highlighted the importance of resilient supply chains and accelerated the adoption of advanced manufacturing processes to mitigate future disruptions.
The glass wool segment is expected to be the largest during the forecast period
The glass wool segment is expected to account for the largest market share during the forecast period. This dominance is attributed to its widespread use as a thermal and acoustic insulation material in the construction sector. Glass wool’s ability to provide effective insulation in residential, commercial, and industrial buildings aligns with the growing emphasis on energy efficiency and sustainability. Additionally, its versatility in indoor applications, such as under pitched roofs and within walls, makes it a preferred choice for builders and contractors, further driving its market leadership.
The composites segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the composites segment is predicted to witness the highest growth rate. This segment’s rapid expansion is driven by the increasing adoption of fiberglass composites in the automotive, aerospace, and wind energy industries, where their lightweightness, strength, and corrosion resistance offer significant performance advantages. Moreover, technological advancements in composite manufacturing and the push for sustainable, high-performance materials in emerging sectors like electric vehicles are accelerating demand.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share. The region’s dominance is fueled by rapid industrialization, urbanization, and substantial infrastructure development, particularly in countries like China and India. Strong demand from the construction, automotive, and wind energy sectors, combined with government initiatives promoting sustainable building practices, further supports market growth. Additionally, Asia Pacific benefits from a large manufacturing base, favorable policies, and ongoing investments in research and development, solidifying its position as the leading regional market.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. This significant growth is due to the expanding industrial activities, a burgeoning population, and increasing investments in infrastructure and renewable energy projects. Furthermore, the region’s proactive government policies, rising adoption of advanced manufacturing technologies, and the shift toward sustainable materials are driving accelerated growth.
Key players in the market
Some of the key players in Fiberglass Market include China Jushi Co., Ltd., Owens Corning, Saint-Gobain Vetrotex, Taishan Fiberglass Inc. (CTG Group), Chongqing Polycomp International Corp. (CPIC), Nippon Electric Glass Co., Ltd., 3B - The Fiberglass Company, Johns Manville, Asahi Fiber Glass Co., Ltd., Binani Industries Ltd. (Braj Binani Group), PFG Fiber Glass Corporation, Taiwan Glass Industry Corporation, Shandong Fiberglass Group Corp., LANXESS, PPG Industries, Inc., Knauf Insulation, Fibre Glast Developments Corp., and POLSER Şeffaf Çatı Örtüleri San. ve Tic. A.Ş.
Key Developments:
In February 2025, China Jushi launched the construction for the second phase of its Huai'an Carbon-neutral Intelligent Manufacturing Base, featuring a 100,000-ton electronic glass fiber production line and a 500MW supporting facility for wind power generation.
In February 2025, Owens Corning a residential and commercial building products leader, and Praana Group, an India-based holding group that operates a diverse portfolio of companies primarily serving the industrial sector, announced today that they have signed a definitive agreement for the sale of Owens Corning’s glass reinforcements business to Praana Group (through its subsidiaries) at an enterprise value of $755,000,000. This sale is a part of Owens Corning’s strategic plan to reshape the company to focus on residential and commercial building products in North America and Europe.
In October 2024, PPG reached an agreement to sell its architectural coatings business in the U.S. and Canada to American Industrial Partners for $550 million. The sale is expected to close in late 2024 or early 2025.
Glass Types Covered:
• E-glass
• S-glass
• ECR-glass
• C-glass
• AR-glass
• Other Glass Types
Product Forms Covered:
• Glass Wool
• Direct Roving
• Assembled Roving
• Chopped Strand
• Yarn
• Fabrics
• Mats
• Milled Fibers
• Other Product Forms
Resin Types Covered:
• Thermoset Resin
• Thermoplastic Resin
Applications Covered:
• Composites
• Insulation
• Filtration
• Other Applications
End Users Covered:
• Construction & Infrastructure
• Automotive & Transportation
• Wind Energy
• Aerospace & Defense
• Electrical & Electronics
• Marine
• Consumer Goods
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
According to the U.S. Geological Survey (USGS) Mineral Commodity Summaries 2024, fiberglass production is closely tied to the global supply of silica sand and glass fibers, which saw an increase in demand of approximately 4.5% year-over-year in 2023.
Market Dynamics:
Driver:
Increasing demand for insulation materials
The rising demand for insulation materials is a significant driver for the fiberglass market, propelled by the construction industry's focus on energy-efficient buildings and stringent regulations for thermal and acoustic insulation. Glass wool is widely used for its superior insulating properties in residential, commercial, and industrial applications, helping reduce energy consumption and costs. Furthermore, the growing awareness of sustainable construction practices and the need to comply with environmental standards are accelerating the adoption of fiberglass insulation materials, thereby fueling market expansion.
Restraint:
Volatility of raw material prices
The industry relies heavily on materials such as silica sand, limestone, and glass fibers, whose prices are subject to fluctuations due to supply chain disruptions, geopolitical tensions, and natural disasters. This unpredictability not only increases production costs but also creates uncertainty for manufacturers, impacting profit margins and making it challenging to maintain stable pricing. Additionally, such volatility complicates long-term planning and procurement strategies, especially in competitive and price-sensitive markets.
Opportunity:
Growing demand for electric vehicles
The growing demand for electric vehicles (EVs) presents a promising opportunity for the fiberglass market. As EV manufacturers seek lightweight yet strong materials to enhance battery efficiency and vehicle range, fiberglass composites are increasingly favored for their excellent strength-to-weight ratio and durability. Moreover, the global shift toward green mobility and stricter emission regulations are accelerating the adoption of fiberglass in automotive components, enabling manufacturers to produce lighter, more energy-efficient vehicles, which will significantly boost fiberglass consumption in the automotive sector in the coming years.
Threat:
Environmental and health concerns
The production and disposal of fiberglass involve energy-intensive processes and the use of chemicals, contributing to greenhouse gas emissions and environmental pollution. Additionally, fiberglass waste is challenging to recycle and can persist in landfills, raising sustainability issues. Health risks associated with handling fiberglass, such as skin and respiratory irritation, further complicate its usage. Moreover, tightening environmental regulations and the demand for eco-friendly alternatives may restrict market growth.
Covid-19 Impact:
The COVID-19 pandemic had a profound impact on the fiberglass market, leading to production stoppages, supply chain disruptions, and restricted availability of vehicle components. Manufacturing operations were significantly hampered due to lockdowns and labor shortages, causing delays and increased costs. However, as economies gradually reopened and industrial activities resumed, the market began to recover, supported by renewed investments in construction and automotive sectors. The pandemic also highlighted the importance of resilient supply chains and accelerated the adoption of advanced manufacturing processes to mitigate future disruptions.
The glass wool segment is expected to be the largest during the forecast period
The glass wool segment is expected to account for the largest market share during the forecast period. This dominance is attributed to its widespread use as a thermal and acoustic insulation material in the construction sector. Glass wool’s ability to provide effective insulation in residential, commercial, and industrial buildings aligns with the growing emphasis on energy efficiency and sustainability. Additionally, its versatility in indoor applications, such as under pitched roofs and within walls, makes it a preferred choice for builders and contractors, further driving its market leadership.
The composites segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the composites segment is predicted to witness the highest growth rate. This segment’s rapid expansion is driven by the increasing adoption of fiberglass composites in the automotive, aerospace, and wind energy industries, where their lightweightness, strength, and corrosion resistance offer significant performance advantages. Moreover, technological advancements in composite manufacturing and the push for sustainable, high-performance materials in emerging sectors like electric vehicles are accelerating demand.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share. The region’s dominance is fueled by rapid industrialization, urbanization, and substantial infrastructure development, particularly in countries like China and India. Strong demand from the construction, automotive, and wind energy sectors, combined with government initiatives promoting sustainable building practices, further supports market growth. Additionally, Asia Pacific benefits from a large manufacturing base, favorable policies, and ongoing investments in research and development, solidifying its position as the leading regional market.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. This significant growth is due to the expanding industrial activities, a burgeoning population, and increasing investments in infrastructure and renewable energy projects. Furthermore, the region’s proactive government policies, rising adoption of advanced manufacturing technologies, and the shift toward sustainable materials are driving accelerated growth.
Key players in the market
Some of the key players in Fiberglass Market include China Jushi Co., Ltd., Owens Corning, Saint-Gobain Vetrotex, Taishan Fiberglass Inc. (CTG Group), Chongqing Polycomp International Corp. (CPIC), Nippon Electric Glass Co., Ltd., 3B - The Fiberglass Company, Johns Manville, Asahi Fiber Glass Co., Ltd., Binani Industries Ltd. (Braj Binani Group), PFG Fiber Glass Corporation, Taiwan Glass Industry Corporation, Shandong Fiberglass Group Corp., LANXESS, PPG Industries, Inc., Knauf Insulation, Fibre Glast Developments Corp., and POLSER Şeffaf Çatı Örtüleri San. ve Tic. A.Ş.
Key Developments:
In February 2025, China Jushi launched the construction for the second phase of its Huai'an Carbon-neutral Intelligent Manufacturing Base, featuring a 100,000-ton electronic glass fiber production line and a 500MW supporting facility for wind power generation.
In February 2025, Owens Corning a residential and commercial building products leader, and Praana Group, an India-based holding group that operates a diverse portfolio of companies primarily serving the industrial sector, announced today that they have signed a definitive agreement for the sale of Owens Corning’s glass reinforcements business to Praana Group (through its subsidiaries) at an enterprise value of $755,000,000. This sale is a part of Owens Corning’s strategic plan to reshape the company to focus on residential and commercial building products in North America and Europe.
In October 2024, PPG reached an agreement to sell its architectural coatings business in the U.S. and Canada to American Industrial Partners for $550 million. The sale is expected to close in late 2024 or early 2025.
Glass Types Covered:
• E-glass
• S-glass
• ECR-glass
• C-glass
• AR-glass
• Other Glass Types
Product Forms Covered:
• Glass Wool
• Direct Roving
• Assembled Roving
• Chopped Strand
• Yarn
• Fabrics
• Mats
• Milled Fibers
• Other Product Forms
Resin Types Covered:
• Thermoset Resin
• Thermoplastic Resin
Applications Covered:
• Composites
• Insulation
• Filtration
• Other Applications
End Users Covered:
• Construction & Infrastructure
• Automotive & Transportation
• Wind Energy
• Aerospace & Defense
• Electrical & Electronics
• Marine
• Consumer Goods
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Table of Contents
200 Pages
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Knowledge Process Outsourcing Market, By Service Type
- 5.1 Introduction
- 5.2 Analytics & Market Research
- 5.3 Legal Process Outsourcing (LPO)
- 5.4 Financial Process Outsourcing (FPO)
- 5.5 Research & Development (R&D) Outsourcing
- 5.6 Engineering & Design Services
- 5.7 Publishing Outsourcing
- 5.8 Intellectual Property (IP) Services
- 5.9 Other Service Types
- 6 Global Knowledge Process Outsourcing Market, By Organization Size
- 6.1 Introduction
- 6.2 Small and Medium Enterprises (SMEs)
- 6.3 Large Enterprises
- 7 Global Knowledge Process Outsourcing Market, By Delivery Model
- 7.1 Introduction
- 7.2 Offshore
- 7.3 Nearshore
- 7.4 Onshore
- 8 Global Knowledge Process Outsourcing Market, By End User
- 8.1 Introduction
- 8.2 Banking, Financial Services, and Insurance (BFSI)
- 8.3 Healthcare and Pharmaceuticals
- 8.4 Information Technology (IT) and Telecom
- 8.5 Manufacturing
- 8.6 Retail and Consumer Goods
- 8.7 Energy and Utilities
- 8.8 Media and Entertainment
- 8.9 Other End Users
- 9 Global Knowledge Process Outsourcing Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
- 10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
- 11 Company Profiling
- 11.1 Accenture PLC
- 11.2 Genpact Limited
- 11.3 Wipro Limited
- 11.4 IBM (International Business Machines Corporation)
- 11.5 EXL Service Holdings, Inc.
- 11.6 HCL Technologies Limited
- 11.7 Infosys Limited
- 11.8 Tata Consultancy Services Limited (TCS)
- 11.9 WNS Global Services
- 11.10 Capgemini SE
- 11.11 Cognizant Technology Solutions Corporation
- 11.12 Moody’s Corporation
- 11.13 McKinsey & Company
- 11.14 Mphasis
- 11.15 RR Donnelley & Sons Company
- 11.16 Firstsource Solutions Limited
- 11.17 Evalueserve
- 11.18 Mu Sigma
- List of Tables
- Table 1 Global Knowledge Process Outsourcing Market Outlook, By Region (2024-2032) ($MN)
- Table 2 Global Knowledge Process Outsourcing Market Outlook, By Service Type (2024-2032) ($MN)
- Table 3 Global Knowledge Process Outsourcing Market Outlook, By Analytics & Market Research (2024-2032) ($MN)
- Table 4 Global Knowledge Process Outsourcing Market Outlook, By Legal Process Outsourcing (LPO) (2024-2032) ($MN)
- Table 5 Global Knowledge Process Outsourcing Market Outlook, By Financial Process Outsourcing (FPO) (2024-2032) ($MN)
- Table 6 Global Knowledge Process Outsourcing Market Outlook, By Research & Development (R&D) Outsourcing (2024-2032) ($MN)
- Table 7 Global Knowledge Process Outsourcing Market Outlook, By Engineering & Design Services (2024-2032) ($MN)
- Table 8 Global Knowledge Process Outsourcing Market Outlook, By Publishing Outsourcing (2024-2032) ($MN)
- Table 9 Global Knowledge Process Outsourcing Market Outlook, By Intellectual Property (IP) Services (2024-2032) ($MN)
- Table 10 Global Knowledge Process Outsourcing Market Outlook, By Other Service Types (2024-2032) ($MN)
- Table 11 Global Knowledge Process Outsourcing Market Outlook, By Organization Size (2024-2032) ($MN)
- Table 12 Global Knowledge Process Outsourcing Market Outlook, By Small and Medium Enterprises (SMEs) (2024-2032) ($MN)
- Table 13 Global Knowledge Process Outsourcing Market Outlook, By Large Enterprises (2024-2032) ($MN)
- Table 14 Global Knowledge Process Outsourcing Market Outlook, By Delivery Model (2024-2032) ($MN)
- Table 15 Global Knowledge Process Outsourcing Market Outlook, By Offshore (2024-2032) ($MN)
- Table 16 Global Knowledge Process Outsourcing Market Outlook, By Nearshore (2024-2032) ($MN)
- Table 17 Global Knowledge Process Outsourcing Market Outlook, By Onshore (2024-2032) ($MN)
- Table 18 Global Knowledge Process Outsourcing Market Outlook, By End User (2024-2032) ($MN)
- Table 19 Global Knowledge Process Outsourcing Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2024-2032) ($MN)
- Table 20 Global Knowledge Process Outsourcing Market Outlook, By Healthcare and Pharmaceuticals (2024-2032) ($MN)
- Table 21 Global Knowledge Process Outsourcing Market Outlook, By Information Technology (IT) and Telecom (2024-2032) ($MN)
- Table 22 Global Knowledge Process Outsourcing Market Outlook, By Manufacturing (2024-2032) ($MN)
- Table 23 Global Knowledge Process Outsourcing Market Outlook, By Retail and Consumer Goods (2024-2032) ($MN)
- Table 24 Global Knowledge Process Outsourcing Market Outlook, By Energy and Utilities (2024-2032) ($MN)
- Table 25 Global Knowledge Process Outsourcing Market Outlook, By Media and Entertainment (2024-2032) ($MN)
- Table 26 Global Knowledge Process Outsourcing Market Outlook, By Other End Users (2024-2032) ($MN)
- Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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