Glass fiber yarn is a type of yarn made from strands of glass fibers. It is used in a variety of industrial and commercial applications, such as insulation, fireproofing, filtration and reinforcement. Glass fiber yarn is extremely strong and durable, and is typically used in composite materials, insulation, automotive parts and other industrial products. The demand for glass fiber yarn is increasing due to the increasing demand for lightweight and strong materials. Other applications of glass fiber yarn include rope and twine, textiles, and soundproofing.
The construction industry had started to grow since the pandemic as governments across the globe started focusing on infrastructure development. The need to improve the integrity of structural parts and increase the life span have led to the increased demand for glass fiber yarn products. These glass fiber yarn products provide great dimensional stability, heat and water resistance, and thermal and electrical insulation. Glass fiber yarn products offer lower maintenance cost than conventional timber decking and railing products. They are also used in producing architectural facades, insulated wall panels, bridge decks, bridge railings, sanitary fixtures, doors, and windows.
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Asia Pacific is witnessing significant infrastructural developments. Hence, the demand for glass fiber yarn in structural applications in the building & construction industry is high. India offers significant opportunities for the growth of the glass fiber yarn market, which can be attributed to the rising construction activities fuelled by government policies. Smart city programs and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) have also influenced construction spending in India.
Glass fiber yarn comprises filaments that are mostly 4-13 microns in diameter and have multiple ranges of Tex count. The structure of the yarn is fixed and protected by a size. Yarns offer electrical insulation properties and high tensile strength, along with chemical and heat resistance properties.
The glass fiber yarn market is estimated to be USD 2.5 Billion in 2022 and is projected to reach USD 3.5 Billion by 2027, at a CAGR of 6.5% between 2022 and 2027.There is a growing demand for glass fiber yarn in applications such as PCB and structural parts. Trends such as miniaturization and increased use of electronics in commercial and consumer products will fuel the growth of the market. Moreover, an increase in the number of wind turbine installations across the world is increasing the demand for glass fiber yarn in turbine blades.
However, the issue regarding glass fiber yarn recycling and the capital-intensive production of yarn products are some of the challenges which restrict the growth of the market.
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Based on application, the glass fiber yarn market is segmented into PCB, façade, marble & mosaic tiles, structural parts, and others. The PCB application segment is the leading consumer of glass fiber yarn across the globe. The structural parts segment is another key application of glass fiber yarn, which includes building structures such as foundations, columns, girders, beams, supports, and automotive parts such as rear shelf panel, back panel, rear inner panel, and trunk floor, among others. The growth of the structural parts segment of the glass fiber yarn market can be attributed to urbanization and increasing residential and non-residential construction activities. Moreover, stringent government regulations to reduce CO2 emissions from vehicles and rising demand for lightweight vehicles are supporting the growth of the market in the structural parts segment. Other applications of glass fiber yarn include consumer goods, aerospace parts, oil & gas, and medical parts.
The use of glass fiber yarn has been growing rapidly across the globe due to its electrical insulation properties, high tensile strength, and resistance to chemicals and heat. The increasing adoption of glass fiber yarn in various end-use industries can also be attributed to the availability of different grades of yarn in the market to suit the requirements of different applications. Yarn comprises several filaments, and continuous strands of these filaments are woven, knitted, and braided to form other types of fabrics. E-Glass fiber is more commonly used in the fiber-reinforced polymer composite industry compared to other glass fiber types. It offers a good balance between performance and cost. It is widely used in electrical applications due to its ability to insulate electricity.
The key players in the global glass fiber yarn market are Owens Corning (US), Jushi Group Co., Ltd., Chongqing Polycomp International Corporation, Saint-Gobain S.A., Nippon Electric Glass Co. Ltd., AGY Holdings Corp., China Beihai Fiberglass Co., Ltd., Taiwan Glass Industry Corp., Nitto Boseki Co. Ltd. (Japan), PFG Fiber Glass Corp. (Taiwan).
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The E-Glass Fiber Yarn & Roving Market research report presents a comprehensive assessment of the market and contains thoughtful insights, historical data, facts, and industry-validated market data.
The report projects the global market size and the growth rate for the forecasted period 2020-2025.
The report provides a detailed analysis of global market trends, growth drivers such as extensive utilization in the industry, constraints, and opportunities.
Likewise, factors that inhibit the growth of the market, such as high capital investment, are also analyzed in the report.The report includes data from authentic sources and projections about market size.
The report covers all crucial parameters like manufacturing volume, raw material sourcing approaches, value chain alliance, organizational structure, global presence, market performance, distribution network, and market size.
Based on past trends, research information will help to provide Forecasts about the market in terms of revenue and volume growth.For Right Perspective & Competitive Insights, Request a Sample @: https://introspectivemarketresearch.com/request/13689Key Player Mentioned: Owens Corning, Jushi Group, PPG Industries, Taishan Fiberglass(Sinoma), Chongqing Polycomp International Corp. (CPIC), Advanced Glassfiber Yarns, Binani-3B, Johns Mansville, Nippon Electric Glass, Nittobo, Saint-Gobain Vetrotex, Taiwan Glass Group, Valmiera Glass Group, Sichuan Weibo New Material Group, Bally Ribbon MillsProduct Segment Analysis: Fiber Yarn, Fiber RovingApplication Segment Analysis: Electrical & Electronics, Industrial, Automotive & Transport, Building & Construction, OthersRegional Segment Analysis: North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.
The global Glass Fiber Yarn market was valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.This report focuses on Glass Fiber Yarn volume and value at global level, regional level and company level.
From a global perspective, this report represents overall Glass Fiber Yarn market size by analyzing historical data and future prospect.Regionally, this report categorizes the production, apparent consumption, export and import of Glass Fiber Yarn in North America, Europe, China, Japan, Southeast Asia and India.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-glass-fiber-yarn-2019-512For each manufacturer covered, this report analyzes their Glass Fiber Yarn manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.The following manufacturers are covered:PPGSaint-GobainFulltechKripa InternationalChina FiberglassXintai Jinniu Fiber GlassSinoma Jinjing FiberglassBTTOTaiwanglassJINWUSegment by RegionsNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaSegment by TypeWinding YarnJet YarnSMC YarnOthersSegment by ApplicationPCBInsulation MaterialsOthersGet the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-glass-fiber-yarn-2019-512Table of contentExecutive Summary1 Industry Overview of Glass Fiber Yarn1.1 Definition of Glass Fiber Yarn1.2 Glass Fiber Yarn Segment by Type1.2.1 Global Glass Fiber Yarn Production Growth Rate Comparison by Types (2014–2025)1.2.2 Winding Yarn1.2.3 Jet Yarn1.2.4 SMC Yarn1.2.5 Others1.3 Glass Fiber Yarn Segment by Applications1.3.1 Global Glass Fiber Yarn Consumption Comparison by Applications (2014–2025)1.3.2 PCB1.3.3 Insulation Materials1.3.4 Others1.4 Global Glass Fiber Yarn Overall Market1.4.1 Global Glass Fiber Yarn Revenue (2014–2025)1.4.2 Global Glass Fiber Yarn Production (2014–2025)1.4.3 North America Glass Fiber Yarn Status and Prospect (2014–2025)1.4.4 Europe Glass Fiber Yarn Status and Prospect (2014–2025)1.4.5 China Glass Fiber Yarn Status and Prospect (2014–2025)1.4.6 Japan Glass Fiber Yarn Status and Prospect (2014–2025)1.4.7 Southeast Asia Glass Fiber Yarn Status and Prospect (2014–2025)1.4.8 India Glass Fiber Yarn Status and Prospect (2014–2025)2 Manufacturing Cost Structure Analysis2.1 Raw Material and Suppliers2.2 Manufacturing Cost Structure Analysis of Glass Fiber Yarn2.3 Manufacturing Process Analysis of Glass Fiber Yarn2.4 Industry Chain Structure of Glass Fiber Yarn3 Development and Manufacturing Plants Analysis of Glass FiCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
