Glass fiber yarn is created by weaving together continuous strands of glass fibers. Fiber spinning is a technique that involves extruding molten glass through microscopic pores to create thin threads. After then, the fibers are twisted together to form yarn. Glass fiber yarn is extremely strong and durable, as well as heat, chemical, and moisture resistance. It has a high tensile strength and is widely used in composites as a reinforcing material. To increase mechanical properties, the yarn can be woven or knitted into fabrics, wrapped into filaments, or included in a variety of composite constructions.
The report "Global Glass Fiber Yarn Market by Fiber Type (E-glass type, S-glass type), Yarn Type (Single Yarn, Piled yarn), Application (PCB, Façade, Marble & Mosaic Tiles, Structural parts), End-use Industry and Region- Forecast to 2027", 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.
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The electrical & electronics industry is expected to account for the largest market share in glass fiber yarn market during the forecast period.
During the forecast period, the electrical and electronics industry is predicted to have the biggest market share in the glass fiber yarn market. Due to their superior electrical insulating capabilities, high strength-to-weight ratio, and resilience to heat and chemicals, glass fiber yarns are widely used in this business.
Glass fiber yarns are used for insulation in cables, wires, and electrical components in the electrical and electronics industries. They provide mechanical support, electrical current protection, and improve the overall performance and reliability of electrical systems. Glass fiber yarns are also used in circuit boards, transformers, motors, and other electrical devices.
Weight reduction and increased processing speed encourage glass fiber yarn adoption to boost the glass fiber yarn market
Weight reduction and faster processing speed are important aspects that drive the use of glass fiber yarn, hence increasing the glass fiber yarn market. Lightweight materials are in high demand in a variety of industries, including automotive, aerospace, construction, and wind energy. Glass fiber yarn has a high strength-to-weight ratio, allowing producers to reduce product weight without sacrificing performance or structural integrity. This is especially useful in businesses where reducing weight is crucial for fuel efficiency, shipping costs, or overall system performance.
APAC is expected to account for the largest market share in the glass fiber yarn market during the forecast period.
During the projected period, Asia Pacific is expected to hold the biggest market share in the glass fiber yarn market. The region's dominance can be ascribed to a variety of causes, including the existence of large manufacturing hubs, rising industrialization, and rising demand from a variety of end-use sectors.
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China, India, Japan, South Korea, and Southeast Asian countries have seen substantial expansion in industries such as automotive, aerospace, construction, electrical and electronics, and wind energy, all of which are important users of glass fiber yarn. Expanding infrastructural initiatives, rapid urbanization, and rising disposable income all contribute to increased demand for glass fiber yarn in the region.
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) and others.
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