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JapanAs of March 2025, Glass Fibre prices on an FOB China basis are reported at around USD 735/MT, reflecting an increase from the previous quarter. This positive trend can be attributed to tighter global supply conditions, enhanced industrial demand, and more stable production factors. The boost in market confidence, supported by favourable energy prices and strategic market adjustments, continues to drive the upward movement in pricing, mirroring the robust performance observed earlier.
During the Q4 of 2024, prices decreased by 2.39% as manufacturers made cautious inventory adjustments amid fluctuating market sentiment. The impact of rising costs in certain feedstock materials, notably Silica, as well as variable prices in related inputs and ongoing energy price volatility, also contributed to the decline.
In the third quarter of 2024, prices increased by 6.26%, driven by a surge in demand, easing supply chain constraints, and a rebound in export orders that bolstered manufacturer confidence. The improvement in global economic conditions, along with favourable shifts in key raw material prices, further supported this upward trend and reinforced market stability during that period.
By the second quarter of 2024, Glass Fibre prices experienced an increase, a notable shift from the previous trend. This rise was attributed to a slight recovery in demand as production strategies were adjusted to align with market needs. Additionally, global inflationary pressures and rising feedstock costs for Silica influenced pricing dynamics, prompting manufacturers to cautiously ramp up production while managing inventory levels more effectively.
In the first quarter of 2024, global Glass Fibre prices saw a significant decline of 8.2% compared to the previous quarter. This drop was primarily driven by a softening demand from the textile industry, despite some improvements in the post-pandemic economic landscape. Manufacturers focused on managing inventory levels, which further contributed to the downward pressure on prices.
Global factors, including rising raw material costs for Silica, Aluminium, and Calcium Oxide, along with ongoing supply chain disruptions, also played a role. Notably, China, as one of the biggest exporters of Glass Fibre, was significantly impacted by these market dynamics.
As of March 2025, Glass Fibre Ex-prices in the Indian market have reached around INR 83250 per ton. This positive trend reflects improved industrial demand, tighter supply conditions, and a stabilisation of production factors. The boost in market confidence, supported by favourable energy prices and strategic market adjustments, continues to drive the upward movement in pricing.
In the fourth quarter of 2024, the market continued its upward trajectory with a 1.86% increase. This more moderate rise was influenced by cautious inventory adjustments amid fluctuating market sentiment, while persistent global inflationary pressures and ongoing raw material price volatility had a tempered impact on overall pricing.
The third quarter of 2024 brought a robust 13.8% increase in prices, driven by a surge in domestic demand from sectors like automotive and construction, as well as a rebound in export orders. Improved economic indicators and more favourable adjustments in feedstock costs boosted manufacturer confidence, resulting in a significant upward movement in pricing.
In the second quarter of 2024, Glass Fibre prices saw a marginal recovery, increasing by 0.11%. This slight uptick likely reflects early signs of demand stabilization as manufacturers adjusted production strategies to better align with market needs. Easing supply chain constraints and a stabilisation in raw material costs also contributed to this modest improvement.
In the first quarter of 2024, the Indian Glass Fibre domestic market experienced a decline of 2.54% from the previous quarter. This moderate decrease can be attributed to subdued domestic demand—particularly from the textile and construction sectors and a focus on inventory rationalisation amid lingering post-pandemic economic uncertainties. Additionally, rising costs for key raw materials such as Silica, Aluminium, and Calcium Oxide, along with localized supply chain disruptions, further pressured prices.
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In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence glass fibre prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely glass fibre market data.
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Stabilization of Prices Due to New Energy Vehicle Subsidies (2024)
In May 2024, the stabilization of Glass Fibre prices in China followed government interventions aimed at boosting demand for new energy vehicles. The introduction of subsidies for consumers trading in older cars for more energy-efficient models led to a surge in demand for Glass Fibre, which is essential in automotive manufacturing. This policy shift helped to reverse a period of declining prices, with retail sales of new energy vehicles increasing significantly during this time.
European Commission Anti-Dumping Measures (2023)
In mid-July 2023, the European Commission imposed anti-dumping measures against Chinese Glass Fibre producers, affecting the export dynamics of Glass Fibre. These measures aimed to protect European manufacturers by making it more challenging for Chinese companies to sell at lower prices in Europe. As a result, the domestic availability of Glass Fibre in Europe increased, influencing global supply and pricing strategies.
COVID-19 Pandemic Disruptions (2020-2021)
From 2020 to 2021, the COVID-19 pandemic caused widespread disruptions across industries, leading to fluctuating demand for Glass Fibre products. Initially, there was a sharp decline in demand due to lockdowns and economic uncertainty. However, as economies began to recover, there was a surge in demand from Fibre reinforced thermoplastics, construction, and automotive sectors, resulting in significant price volatility during this recovery phase.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Glass Fibre pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
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Molecular Formula
Glass Fibre, also known as Fiberglass, is a lightweight and durable material made from fine strands of glass woven together. It is renowned for its excellent mechanical strength, corrosion resistance, and thermal insulation properties, making it a versatile choice across various industries. Glass fibre is primarily used as a reinforcement material in composite applications, enhancing the performance of products in sectors such as aerospace, automotive, marine, and construction. Its applications include manufacturing aircraft components, boat hulls, automotive parts, and chemical storage tanks. Additionally, Glass Fibre is utilized in electrical insulation and thermal insulation products due to its non-conductive nature and ability to withstand high temperatures. Available in various forms such as woven cloth, chopped strand mat, and roving, Glass Fibre can be moulded into complex shapes, offering flexibility for diverse manufacturing needs.
Packaging Type
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Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
Technical specification for Glass Fibre
| Property | Specification |
| Filament diameter variation | ± 10% |
| Moisture content | ≤ 0.07% |
| Sizing content | 0.5 ± 0.1% |
| Chopped length variation | ± 1.00 mm |
| Choppability | ≥ 99% |
Applications
Glass Fibre are widely used across various industries due to their excellent strength, electrical insulation, and corrosion resistance. In reinforced plastics, they enhance the mechanical properties of thermoplastics and thermosets, making them suitable for automotive components, consumer goods, and injection-moulded products. In construction, they reinforce concrete, improving tensile strength and crack resistance in flooring, panels, and precast structures. They are also employed in electrical insulation, marine composites like boat hulls, and aerospace components for their lightweight, durable characteristics. Additionally, Glass Fibre are used in wind turbine blades, pipes, tanks, and sporting equipment, offering a versatile and cost-effective solution for improving material performance in demanding environments.
The price of Glass Fibre is influenced by several factors, including the cost of raw materials such as silica, alumina, and boron oxide, as well as fluctuations in energy prices since glass manufacturing is energy intensive. Additionally, transportation costs, supply chain disruptions, and demand from key industries like automotive, construction, and aerospace can impact pricing. Changes in environmental regulations, which can affect production methods, may also lead to price adjustments.
Purchasing Glass Fibre in bulk typically leads to significant cost savings due to economies of scale. Larger orders often allow suppliers to offer discounted prices as they benefit from reduced production and logistics costs. Additionally, stable, high-volume orders can help secure priority in supply, reducing the risk of delays or shortages.
Yes, regional price differences for Glass Fibre are common due to variations in production capacity, raw material availability, and local demand. For instance, regions with a well-established fiberglass manufacturing industry, such as Asia, may offer lower prices due to abundant resources and economies of scale. In contrast, prices in North America or Europe may be higher due to increased labour and energy costs.
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