E Glass Fiber Yarn & Roving Market Report

E-Glass Fiber Yarn & Roving Market Insights

E-Glass Fiber Yarn & Roving Market is likely to witness an impressive CAGR of 6.5% during the forecast period. Major factors such as growing demand for glass fibers from construction, automotive & transport, wind energy, and aerospace industries, offered features by the product such as high tensile strength, lightweight, flexibility, thermal & electrical resistance at low cost, and growing demand for fuel efficient and high load bearing capacity are expected to accelerate the growth of the market during the forecast period.

Market Share Analysis

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E-Glass Fiber Yarn & Roving Market Share: By Product Type

Based on the product type, the market is segmented as fiber yarn and fiber roving. Fiber yarn product type is estimated to witness significant growth rate over the forecast period owing to the increasing product demand from electrical & electronics industry. These products offer excellent features such as high electrical and corrosion resistance, thermal conductivity, mechanical strength, and superior dielectric characteristics and are also used in fixing motor coil and transformer parts in order to bear the mechanical stress caused while performing an operation. Factors such as various features offered by the product such as structural integrity, exceptional heat, and electrical resistance, and growing demand for high performance consumer electronics convoyed by favorable government initiatives are expected to boost the market growth during the forecast period.

On the other hand, fiber roving product type is estimated to account for the major share of the market during the forecast period owing to the growing demand for impact resistant, low weight and durable materials in the development of commercial aircraft. These products are capable of bearing high load structures with being exceptional low weight, enabling the aircraft to carry more weapons and also find application in flooring, seating, and other cabin interior parts owing to their superior electrical insulation features, eventually accelerating the growth of the market during the forecast period.

E-Glass Fiber Yarn & Roving Market Share: By Region

In terms of regions, North America is estimated to account for the major share of the market during the forecast period with Mexico, Canada, and the U.S being the major countries with growing adoption and replacement of smart electronics devices in the regional market. Factors such as, change in standard of living, increasing disposable income and growing innovations in consumer electronics sector are expected to accelerate the regional market growth over the forecast period.

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On the other hand, Europe and Asia-Pacific are estimated to witness significant growth rate in the market during the forecast period. In Europe, Germany, France, the UK, Italy and Spain are the major countries with growing lightweight product usage in automotive body parts, registering significant growth in the automotive industry. Growing enhancements in technology has led to the production of sustainable substitutes to plastics and metals by the manufacturers, which is expected to drive the growth of the European region over the forecast period. In Asia-Pacific, India, China, Japan, and South Korea are the major countries fueling the regional market growth, owing to the high penetration and huge growth in the construction industry. Factors such as rapid growth in urbanization coupled with growing demand from automotive & transport, industrial, and construction sectors are estimated to boost the regional market growth during the forecast period.

Some of the key players in the e-glass fiber yarn & roving market are-

• Advanced Glassfiber Yarns
• Binani-3B
• Chongqing Polycomp International Corp. (CPIC)
• Johns Mansville
• Jushi Group
• Nippon Electric Glass
• Nittobo
• Owens Corning
• PPG Industries
• Taishan Fiberglass Inc.(Sinoma)

Market Scope & Segmentation

E-glass fiber which is also known as electrical grade, is widely utilized in aerospace, construction, industrial, wind energy, pipes & tanks, electrical & electronics and automotive industries owing to its exceptional features which makes it capable of enhancing the overall product performance while offering various properties such as electrical insulation, dimensional stability, and fire resistance.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The e-glass fiber yarn & roving market is segmented into the following categories. 

E-Glass Fiber Yarn & Roving Market Size, Share, & Forecast, by Product Type:

• Fiber Yarn
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Electrical & Electronics, Industrial, Flexible Reinforcements, and Others)
• Fiber Roving
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Automotive & Transport, Building & Construction, Sports, Leisure and Recreation, Aerospace, Industrial, Wind Energy, Pipes & Tanks, Marine, and Others)

E-Glass Fiber Yarn & Roving Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by region type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.