Strengthening Composites: The Growing Importance of Glass Fibre Yarn
Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-10081 Format: PDF Pages: 300
Report Highlights
According to a research survey conducted by ChemView Consulting, Glass Fibre Yarn Market is estimated to be worth US$ 2.62 Bn in 2023. The market is expected to grow at a CAGR of 4.90% between 2023 and 2033 to hit US$ 4.23 Bn by 2033 end.
Key Market Trends
Glass Fiber Yarn to Power the Next Generation of Wind Turbines
The global wind energy industry is growing rapidly, and glass fiber yarn is a key component in wind turbines. Glass fiber yarn is used to make the blades of wind turbines, which are responsible for capturing the wind and converting it into electricity. The increasing demand for wind energy is expected to drive the growth of the glass fiber yarn market in the coming years.
Glass Fiber Yarn Makes Cars Lighter, Stronger, and More Fuel-Efficient
Glass fiber yarn is increasingly being used in the automotive industry due to its lightweight, strength, and durability. Glass fiber yarn is used to make a variety of automotive components, including car bodies, bumpers, and door panels. The use of glass fiber yarn in the automotive industry is expected to grow in the coming years as automakers look for ways to make cars lighter, stronger, and more fuel-efficient.
Market Drivers
Reinforcement Revolution: Glass Fibre Yarn Strengthening Composite Materials
The growing demand for lightweight, high-strength composite materials in various industries, such as automotive, aerospace, and construction, has driven the glass fibre yarn market. Its excellent mechanical properties and corrosion resistance make it an ideal reinforcement material, ensuring improved performance and durability in composite applications.
Glass Fibre Yarn Supporting Electrical Insulation Applications
The booming electronics and electrical industries have contributed to the growth of the glass fibre yarn market. Glass fibre yarn offers superior electrical insulation properties, making it an essential component in the manufacturing of cables, transformers, and electrical equipment, ensuring reliable and efficient energy transmission.
Innovative Industrial Applications: Glass Fibre Yarn Diversifying End-Use Sectors
The versatility of glass fibre yarn has led to its adoption in a range of industrial applications, such as wind energy, marine, and sporting goods. Its unique properties make it an essential component in various processes, contributing to the expansion of the glass fibre yarn market.
Segmentation Insights
After conducting a comprehensive analysis of the Glass Fibre Yarn Market, we have identified the top three trending segments in the industry. These segments are witnessing high demand, strong market growth, and extensive adoption.
Most Popular (Fastest Growth Rate)
Coated Glass Yarn (Printed Circuit)
Coated Glass Yarn has emerged as the most popular choice in the Glass Fibre Yarn Market for the printed circuit board application. These yarns are coated with a specialized material that provides exceptional electrical insulation, high tensile strength, and superior adhesion properties, making them ideal for use in electronic circuitry. The excellent durability and reliability of these yarns make them the preferred choice for consumers seeking efficient and high-quality solutions for printed circuit board applications.
Most Selling (Largest Market Share)
Multi-end Yarn (Glass Fibre)
Multi-end Yarn is the most selling product in the Glass Fibre Yarn Market for the glass fibre wall coverings application. These yarns are made up of multiple individual strands, providing a high level of strength, durability, and dimensional stability, making them ideal for use in wall coverings. The excellent fire resistance and sound insulation properties of these yarns make them the go-to choice for consumers seeking a reliable and effective solution for glass fibre wall coverings.
Trending (Gaining Traction)
Textile Glass Yarn (Aerospace Industry End-use)
Textile Glass Yarn is gaining significant traction in the Glass Fibre Yarn Market for the aerospace industry end-use. These yarns are known for their exceptional strength, stiffness, and heat resistance, making them ideal for use in aircraft structures. The excellent fatigue resistance and impact resistance properties of these yarns make them the trending choice for consumers seeking high-quality solutions for aerospace industry applications.
Regional Insights
Growing Demand for Lightweight and Fuel-Efficient Vehicles Boosts Glass Fibre Yarn Market in North America
The automotive industry in North America is witnessing a surge in demand for lightweight and fuel-efficient vehicles, and this trend is driving the growth of the glass fibre yarn market in the region. Glass fibre yarns are used extensively in the manufacturing of composites, such as fiberglass, which are used to make various automotive components. The lightweight and high-strength properties of glass fibre yarns make them an ideal material for producing car parts such as body panels, bumpers, and engine components.
Rapid Industrialization and Infrastructure Development to Propel the Growth of Glass Fibre Yarn Market in Asia Pacific
The glass fibre yarn market in Asia Pacific is set to witness significant growth in the coming years, driven by the rapid industrialization and infrastructure development in the region. With the governments of various countries in the region focusing on boosting industrialization and infrastructure development, the demand for glass fibre yarn is expected to surge. The increasing use of glass fibre yarn in the wind energy sector is also expected to drive the growth of the market in Asia Pacific.
Research Scope/Taxonomy
Market Analysis by Product Type:
Market Analysis by Application:
Market Analysis by End-use Industries:
Market analysis by region:
Key Companies Profiled
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
3.1. Preliminary Investigation & Research Design
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7.1. Cross Analysis of Application W.R.T. Product Type
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Material Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Technology Landscape
10.1. Introduction
10.2. Key Market Trends
10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Type [Value (US$ Mn) and Volume (Tons) Analysis]
10.3.1. Single Yarns
10.3.2. Multi-end Yarn
10.3.3. Coated Glass Yarn
10.3.4. Textile Glass Yarn
10.4. Market Attractiveness Analysis by Product Type
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
11.2.1. Single Yarns
11.2.2. Multi-end Yarn
11.2.3. Coated Glass Yarn
11.2.4. Textile Glass Yarn
11.3. Market Attractiveness Analysis by Application
12.1. Introduction
12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-Use Industry [Value (US$ Mn) and Volume (Tons) Analysis]
12.2.1. Aerospace Industry
12.2.2. Automotive Industry
12.2.3. Construction Industry
12.2.4. Electrical Industry
12.2.5. Others
12.3. Market Attractiveness Analysis by End-Use Industry
13.1. Introduction
13.2. Key Market Trends
13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
13.3.1. North America
13.3.2. Latin America
13.3.3. Europe
13.3.4. Asia-Pacific
13.3.5. Middle East
13.3.6. Africa
13.4. Market Attractiveness Analysis by Region
14.1. Introduction
14.2. Key Market Trends
14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
14.3.1. By Country
14.3.1.1. U.S.
14.3.1.2. Canada
14.3.2. By Product Type
14.3.3. By Application
14.3.4. By End-Use Industry
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Application
14.4.4. By End-Use Industry
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. By Country
15.3.1.1. Brazil
15.3.1.2. Mexico
15.3.1.3. Rest of Latin America
15.3.2. By Product Type
15.3.3. By Application
15.3.4. By End-Use Industry
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Application
15.4.4. By End-Use Industry
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country
16.3.1.1. Germany
16.3.1.2. Italy
16.3.1.3. France
16.3.1.4. UK
16.3.1.5. Spain
16.3.1.6. Netherlands
16.3.1.7. Norway
16.3.1.8. Russia
16.3.1.9. Rest of Europe
16.3.2. By Product Type
16.3.3. By Application
16.3.4. By End-Use Industry
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Application
16.4.4. By End-Use Industry
17.1. Introduction
17.2. Key Market Trends
17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.3.1. By Country
17.3.1.1. China
17.3.1.2. Japan
17.3.1.3. South Korea
17.3.1.4. India
17.3.1.5. Indonesia
17.3.1.6. Thailand
17.3.1.7. Vietnam
17.3.1.8. Australia & New Zealand
17.3.1.9. Rest of Asia-Pacific
17.3.2. By Product Type
17.3.3. By Application
17.3.4. By End-Use Industry
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product Type
17.4.3. By Application
17.4.4. By End-Use Industry
18.1. Introduction
18.2. Key Market Trends
18.3. Pricing Analysis
18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.4.1. By Country
18.4.1.1. Saudi Arabia
18.4.1.2. Turkey
18.4.1.3. U.A.E.
18.4.1.4. Rest of the Middle East
18.4.2. By Product Type
18.4.3. By Application
18.4.4. By End-Use Industry
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product Type
18.5.3. By Application
18.5.4. By End-Use Industry
19.1. Introduction
19.2. Key Market Trends
19.3. Pricing Analysis
19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
19.4.1. By Country
19.4.1.1. South Africa
19.4.1.2. Nigeria
19.4.1.3. Egypt
19.4.1.4. Rest of Africa
19.4.2. By Product Type
19.4.3. By Application
19.4.4. By End-Use Industry
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Product Type
19.5.3. By Application
19.5.4. By End-Use Industry
20.1. Tier Structure Breakdown
20.2. Market Share Analysis
20.3. Production Capacity Analysis
20.4. Company Footprint Analysis
20.4.1. Product Footprint of Players
20.4.2. Regional Footprint of Players
20.4.3. Channel Footprint of Players
20.5. Brand Preference Analysis
20.6. Competition Dashboard
21.1. Saint-Gobain Vetrotex
21.1.1. Company Overview
21.1.2. Product & Financial Portfolio
21.1.3. Manufacturing Facilities
21.1.4. Recent Developments
21.1.5. SWOT Analysis
21.1.6. Strategy Overview
21.2. Fulltech Industries Corp.
21.3. Kripa International (INDIA)
21.4. BTTO s.r.o.
21.5. Nitto Boseki Co., Ltd.
21.6. F.I.T Industrial Co., Ltd.
21.7. Nippon Electric Glass Co., Ltd.
21.8. Chongqing Polycomp Int. Corp.
21.9. MULTIPLE WINDING
21.10. Fibtex Products
21.11. Shandong Yuxin Fibreglass Co. Ltd.
21.12. Wuqiang County Huili Fiberglass Co. Ltd.