E-Glass Fiber Yarn and Roving Market Size, Share, Growth, and Industry Analysis, By Type (Fiber Yarn and Fiber Roving), By Application (Electro and Electronics, Transport, Construction, Industrial and Others), Regional Forecast From 2024 To 2032

E-Glass Fiber Yarn and Roving Market Report Overview

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The global E-glass fiber yarn and roving market size was 6354 million USD in 2021 and is expected to reach 11763.74 million USD by 2032, at a CAGR of 5% during the forecast period. The COVID-19 pandemic has been staggering and unprecedented, with the E-glass fiber yarn and roving market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand during the pandemic.

E-glass fibre yarn and roving are critical materials utilized in a variety of sectors, most notably in the production of composites and reinforced materials. E-Glass is an abbreviation for "electrical grade glass," which is the sort of glass used to make these fibres. E-glass fibres are well-known for their great strength, superior electrical insulation, and chemical resistance. They are frequently used in applications requiring strength and durability, including as aerospace, automotive, construction, and wind energy.

A continuous string of individual glass fibres twisted or spun together to produce a single thread is what E-Glass fibre yarn is. It is frequently used in weaving, knitting, and braiding operations to produce fabrics or textiles with improved mechanical qualities. E-glass fibre yarns come in a variety of thicknesses and can be woven into different patterns, depending on the intended application.

COVID-19 Impact: Pandemic has had a mixed impact on the market

The E-Glass fiber yarn and roving market experienced some impact from the COVID-19 pandemic. The initial outbreak led to disruptions in global supply chains, manufacturing operations, and construction activities, which affected the demand for E-Glass fibers. However, as the world adapted to the new normal and economic activities gradually resumed, the market regained momentum. The growing emphasis on infrastructure development, renewable energy projects, and lightweight materials in various industries has contributed to the recovery and continued growth of the E-Glass fiber yarn and roving market.

Latest Trends

Growing demand for sustainable materials and environment consciousness to contribute in market growth

The growing demand for sustainable and eco-friendly materials is one of the most recent trends in the E-Glass fibre yarn and roving market. With an increasing emphasis on environmental consciousness, companies are looking for low-carbon alternatives to traditional materials. E-glass fibres, which are known for their recyclability and durability, are increasingly being used in applications where sustainability is important. Furthermore, advances in the manufacturing process, such as the development of low-emission manufacturing techniques, are encouraging the acceptance of E-Glass fibre yarn and roving in sustainable applications.

E-Glass Fiber Yarn and Roving Market Segmentation

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• By Type Analysis

According to type, the E-Glass fiber yarn and roving market can be segmented into fiber yarn and fiber roving.

• By Application Analysis

Based on application, the market can be divided into electro and electronics, transport, construction, industrial and others.

Driving Factors

"Growing demand in construction industry to stimulate market expansion"

The construction industry is a significant driver for the E-Glass fiber yarn and roving market. These materials are extensively used in construction applications such as reinforcing concrete structures, providing strength and durability. The increasing investments in infrastructure development, urbanization, and renovation projects worldwide are propelling the demand for E-Glass fiber yarn and roving in the construction sector.

"Rising demand in the aerospace and automotive sectors to boost market growth"

The aerospace and automotive industries are witnessing a surge in demand for lightweight and high-performance materials. E-Glass fiber yarn and roving provide excellent strength-to-weight ratios, making them ideal for these applications. These industries are continuously striving to reduce vehicle weight to improve fuel efficiency and enhance performance, thereby driving the demand for E-Glass fiber yarn and roving.

Restraining Factors

"Volatility in raw material prices to limit market demand"

The unpredictability of raw material prices is one of the restricting issues in the E-Glass fibre yarn and roving market. The availability and pricing of raw materials such as silica sand, soda ash, and limestone are critical in the production of E-Glass fibres. Price fluctuations in these inputs can have an impact on producer profitability and result in higher costs for end users. Furthermore, any delays in the supply chain or limited availability of raw materials can make meeting demand difficult, limiting the E-Glass fibre yarn and roving market growth.

E-Glass Fiber Yarn and Roving Market Regional Insights

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"Infrastructure development to assist Asia Pacific to lead the market"

The market for E-Glass fibre yarn and roving has a global presence with regional differences. Because of their established aircraft, automotive, and construction industries, North America and Europe have long been significant markets. Infrastructure development and rising demand from industries such as automotive and wind energy are driving considerable growth in Asia Pacific, particularly in China. Latin American and Middle Eastern emerging economies are also seeing development potential, aided by infrastructural expenditures and the adoption of innovative industrial technologies. geographical factors such as government policies, industrial expansion, and market dynamics have a significant impact on the geographical understanding of the E-Glass fibre yarn and roving market.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. The top key players in the market are Owens Corning, Jushi Group, Taishan Fiberglass(Sinoma), Chongqing Polycomp International Corp. (CPIC), Saint-Gobain Vetrotex, Nittobo, Johns Mansville, Taiwan Glass Group, Nippon Electric Glass, AGY Holding Corp, Binani-3B, Sichuan Weibo New Material Group and Valmiera Glass Group.

Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over E-Glass fiber yarn and roving market share by the key players stimulates the market growth.

LIST OF TOP E-GLASS FIBER YARN AND ROVING COMPANIES

• Owens Corning - Headquarters: Toledo, Ohio, United States
• Jushi Group - Headquarters: Zhejiang, China
• Taishan Fiberglass (Sinoma) - Headquarters: Taian, Shandong, China
• Chongqing Polycomp International Corp. (CPIC) - Headquarters: Chongqing, China
• Saint-Gobain Vetrotex - Headquarters: Courbevoie, France
• Nittobo - Headquarters: Osaka, Japan
• Johns Mansville - Headquarters: Denver, Colorado, United States
• Taiwan Glass Group - Headquarters: Taipei, Taiwan
• Nippon Electric Glass - Headquarters: Otsu, Shiga, Japan
• AGY Holding Corp - Headquarters: Aiken, South Carolina, United States
• Binani-3B - Headquarters: Brussels, Belgium
• Sichuan Weibo New Material Group - Headquarters: Chengdu, Sichuan, China
• Valmiera Glass Group - Headquarters: Valmiera, Latvia

Report Coverage

This report examines an understanding of the E-Glass fiber yarn and roving market size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.