[216+ Pages Report] Facts and Factors has recently published the report titled “E-Glass Market” which illustrates that the global E-Glass market was estimated to be around USD 28.40 Billion in 2020, and it is expected to provide revenue of about USD 34.50 Billion by end of 2026, developing at a CAGR of around 3.30% between 2021 and 2026.
In the term E-glass, the letter “e” stands for “electrical grade” that clearly helps explain the reason behind its low electrical conductivity. This type of glass is known to have limited thermal expansion coefficients, which helps enhance its resistance to thermal shock compared to common glass. Additionally, thermal stress is found to have no impact on the e-glass. It is general used to produce glassware used in laboratories, cooking, and other general purposes. In the standoff insulators used for electrical wiring, e-glass is used as a primary component. Furthermore, this glass is found to contain fabulous fiber-forming capabilities, thereby increasing its use as reinforcement agent in fiberglass, also known as glass-reinforced plastic (GRP) or glass-fiber reinforced plastic (GFRP). The variation in the percentage of e-glass composition helps manufacture different types of fiberglass. The low cost, strength, high stiffness, electrical insulation, heat & chemical resistance, and non-flammable property of e-glass makes it a highly preferred option for the production of fiberglass and other glass fiber-reinforced composites.
The increasing cases of cancer caused due to the use of asbestos have increased the demand for e-glass. Thus, the nature-friendly boron-free e-glass is helping replace the boron-containing types. However, the toxicity of glass fibers present in the e-glass is likely to restrain the market growth during the forecast period. The rising use of glass fiber-reinforced composites in the various industries including, rowing shells & oars, traffic lights, antenna covers & structures, ship hulls auto body parts, GRP & GRE pipes, helmets, surfboards, storage tanks, tent poles, and others are expected to drive the e-glass market growth during the forecast period. Additionally, the rising technological advancements in production of lightweight materials for manufacturing automotive parts, such as brake pads, drive belts, clutch discs, and demand for high-performance glass fibers are expected to fuel the industry growth. The increasing disposable income has increased the electronic device expenditure, which in turn helps drive the market growth. The government programs to support digitalization coupled with growing the tech-savvy population further propels the growth of the e-glass market.
The global e-glass market can be segmented on the basis of type, application, end-users, and regions.
The global e-glass market can be divided into boron-containing and boron-free on the basis of type. Based on application, the global e-glass market can be segmented into reinforcement glass, glassware, insulation, semiconductors, lighting, optics, and others. The global e-glass market can be broken down into transportation, building & construction, industrial, wind turbine, consumer goods, electronics, and others on the basis of end-users.
The region of Asia-Pacific is expected to witness the highest market share during the forecast period in terms of global revenue. China, Japan, and India are expected to be the biggest contributors to the market in the region. The increasing adoption of the building & construction industry, growing population, high demand for effective insulation materials in China is projected to drive the E-glass market in the Asia Pacific region. Additionally, the favorable government policies such as China's New Materials five-year plan effective from 2012 have further helped enhance the e-glass market growth by managing the composite materials and technologies.
Europe will account for the second-largest market share in the global landscape in terms of global revenue. Germany, France, and the U.K will account as the largest contributors to the market during the forecast.
The major participants in the global e-glass market are AGY, Jiangsu Juiding New Material Co Ltd., Jushi Group Co Ltd., Nippon Electric Glass Co Ltd., Novaglass.com, Owens Corning, PBM Insulations Pvt Ltd., PPG Industries, Inc., Rex Sealing & Packing Industries Pvt Limited, and SCHOTT AG, among others.
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