28-May-2021 | Facts and Factors
As per the market research report published by Facts and Factors, the global e-glass market was valued at USD 28.40 Million in 2020. This market is further expected to generate revenue of around USD 34.50 Million by end of 2026, growing at a CAGR of around 3.30% between 2021 and 2026.
In the term E-glass, the letter “e” stands for “electrical grade” which 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 a 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. E-glass is a specialized kind of glass that has unique characteristics properties such as transparency, hardness, chemical resistance, stiffness, flexibility, and strength among others. E-glass is often used as a composite element in the production of e-glass fiber.
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 the 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's 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 propel the growth of the e-glass market.
Top Market Players
The key players in the e-glass market are Owens Corning, PBM Insulations Pvt Ltd., PPG Industries, Inc., Rex Sealing & Packing Industries Pvt Limited, and SCHOTT AG, among others.
The global e-glass market can be divided into boron-containing and boron-free on the basis of type.
On the basis of application, the global e-glass market is segmented into reinforcement glass, glassware, insulation, semiconductors, lighting, optics, and others. The increasing use of e-glass is the production of glass fiber-reinforced composites. This category is anticipated to lead the market owing to its wide application in various industries such as GRP & GRE pipes, storage tanks, traffic lights, auto body parts, rowing shells & oars, helmets, surfboards, tent poles, ship hulls, antenna covers & structures, and others. Based on end-user, the global e-glass market is divided into transportation, building & construction, industrial, wind turbine, consumer goods, electronics, and others on the basis of end-users. The leading end-users of the market are both building & construction and transportation.
Asia-Pacific Will Occupy The Largest Market Share During The Forecast Period
The region of Asia-Pacific is expected to recoup the largest market share during the forecast period owing to global revenue generation. China, Japan, and India play an important role in the revenue generation in this region. The increasing number of building & construction industry, high demand for effective insulation materials, and growing population in China is projected to drive the E-glass market in the Asia Pacific region. Additionally, the favorable government policies in China have further helped enhance the e-glass market growth by managing the composite materials and technologies. The region of Europe is the second-largest market share followed by North America. Germany, France, and the U.K will contribute the largest market share during the forecast.
Browse the full “E-Glass Market By Type (Boron-Containing E-Glass & Boron-Free E-Glass), By Application (Reinforcement Glass, Glassware, Insulation, Semiconductors, Lighting, Optics, & Others), By End-User (Transportation, Building & Construction, Industrial, Wind Turbine, Consumer Goods, Electronics, & Others), and By Regions - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/e-glass-market
The global e-glass market can be segmented on the basis of:
Global E-Glass Market: By Type Segment Analysis
Global E-Glass Market: By Application Segment Analysis
Global E-Glass Market: By End-Users Segment Analysis
Global E-Glass Market: By Regional Segment Analysis
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Facts & Factors
A 2108, Sargam,
Pune 411041, India
[216+ Pages Report] As per the Facts and Factors market research report, the global digital transformation consulting market is expected to grow at a CAGR of around 7.5% from 2021 to 2026. The digital transformation consulting market was valued at around USD 5 Billion and is expected to rise above USD 11 Billion by 2026. Global Digital Transformation Consulting Market: Overview Organizations are trying to change the way they function as a result of evolving digital technology. Digital tran
Published Date : 27-Sep-2021 | | Category : Technology & Media | Pages : 216 | Format : Read more
[205+ Pages Report] According to a Facts and Factors market research report, the globalcrypto asset management market is estimated at around USD 0.4 Billion in 2020 and is expected to reach around USD 1.4 Billion by 2026 along with a CAGR of around 23.5% from 2021 to 2026. Global Crypto Asset Management Market: Overview People are investing more in secondary assets like digital currencies, the crypto market in the last few years. It is because of gaining popularity of crypto-asset across t
Published Date : 27-Sep-2021 | | Category : Consumer Goods | Pages : 205 | Format : Read more
[205+ Pages Report] According to a Facts and Factors market research report, the globalcorporate wellness solutions market is projected to reach USD 100 Billion by 2026 from USD 61.3 Billion in 2020, at a CAGR of 8.5% during the forecast period. Global Corporate Wellness Market: Overview Corporate wellness programmes are a declaration of intent, programmes, and perks that target a variety of risk factors and conditions while influencing both employees and the firm as a whole. According to
Published Date : 27-Sep-2021 | | Category : Healthcare | Pages : 205 | Format : Read more