Glass fibers are the materials consisting of extremely fine glass fibers, used in making various products, such as yarns, fabrics, insulators, and structural objects or parts. It is also called spun glass. Glass fiber yarn is a long continuous length of interlocked glass fiber.

E-glass ("E" because of initial electrical application), is alkali free, and was the first glass formulation used for continuous filament formation. It now makes up most of the fiberglass production in the world, and also is the single largest consumer of boron minerals globally. It is susceptible to chloride ion attack and is a poor choice for marine applications.

Market Analysis and Insights: Global E Glass Fiber Yarn Market

Due to the COVID-19 pandemic, the global E Glass Fiber Yarn market size is estimated to be worth US$ 7106.4 million in 2022 and is forecast to a readjusted size of US$ 9687.7 million by 2028 with a CAGR of 5.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Fiber Yarn accounting for % of the E Glass Fiber Yarn global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Electro and Electronics segment is altered to an % CAGR throughout this forecast period.

Global E Glass Fiber Yarn key players include Owens Corning, Jushi Group, Taishan Fiberglass (Sinoma), CPIC, etc. Global top four manufacturers hold a share nearly 60%.

China is the largest market, with a share over 50%, followed by Europe, and North America, both have a share about 30 percent.

In terms of product, Fiber Roving is the largest segment, with a share over 85%. And in terms of application, the largest application is Electro and Electronics, followed by Sport and Leisure, Transport, Construction, etc.

Global E Glass Fiber Yarn Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global E Glass Fiber Yarn Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type


Fiber Yarn

Fiber Roving


Segment by Application


Electro and Electronics

Transport

Construction

Sport and Leisure

Others


By Company


Owens Corning

Jushi Group

PPG Industries

CPIC

Taishan Fiberglass (Sinoma)

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


Production by Region



North America

Europe

China

Japan

India


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina