Glass Fibre Yarn Market

Stay up-to-date on the latest developments in the Glass Fibre Yarn Market, including market size, share, and growth potential

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.

Report Includes

Research Scope/Taxonomy
Market Analysis by Product Type:

  • Single Yarns
  • Multi-end Yarn
  • Coated Glass Yarn
  • Textile Glass Yarn

Market Analysis by Application:

  • Printed Circuit Board
  • Glass Fibre Wall Coverings
  • Electrical and Thermal Insulation
  • Grinding Wheel Reinforcements

Market Analysis by End-use Industries:

  • Aerospace Industry
  • Automotive Industry
  • Construction Industry
  • Electrical Industry

Market analysis by region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • East Asia
  • South Asia & Pacific

Analyst Credentials

Key Companies Profiled

  • Saint-Gobain Vetrotex
  • Fulltech Industries Corp.
  • Kripa International (INDIA)
  • BTTO s.r.o.
  • Nitto Boseki Co., Ltd.
  • F.I.T Industrial Co., Ltd.
  • Nippon Electric Glass Co., Ltd.
  • Chongqing Polycomp Int. Corp.
  • Fibtex Products
  • Shandong Yuxin Fibreglass Co. Ltd.
  • Wuqiang County Huili Fiberglass Co. Ltd.

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 U.S. 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 Brazil Mexico 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 Germany Italy France UK Spain Netherlands Norway Russia 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 China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand 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 Saudi Arabia Turkey U.A.E. 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 South Africa Nigeria Egypt 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.


21.10. Fibtex Products

21.11. Shandong Yuxin Fibreglass Co. Ltd.

21.12. Wuqiang County Huili Fiberglass Co. Ltd.