Global Fiber Glass Yarn Market Revenue Projected Around USD 11,500 Million By 2026

28-Feb-2020 | Facts and Factors

Facts and Factors has authored “Fiber Glass Yarn Market By Type (E-Glass, S-Glass, C-Glass, L-Glass, and Others (A Glass, ERC glass, and AE glass))and By Application (Decoration, Electrical Insulation, Fire Proofing Applications, Coating or Binder Chemistry, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”. Based on our analysis, the global fiber glass yarn market in 2019 is approximately USD 7,600 Million and is anticipated to reach around USD 11,500 Million by 2026. The anticipated CAGR for the fiberglass yarn market is around 6.0% from 2020 to 2026.

Glass fiber is a good material for reinforcement which is not only cost-effective but also has a high strength-to-weight ratio, which improves overall strength and at the same time decreases weight. Owing to its excellent material properties, glass fiber yarn is used worldwide and adopted by every industry.

Browse the full “Fiber Glass Yarn Market By Type (E-Glass, S-Glass, C-Glass, L-Glass, and Others (A Glass, ERC glass, and AE glass))and By Application (Decoration, Electrical Insulation, Fire Proofing Applications, Coating or Binder Chemistry, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026" report at https://www.fnfresearch.com/fiber-glass-yarn-market-by-type-e-glass

The growing use of fiberglass yarn in the various end-use industries including automotive, aerospace, and construction is a major factor expected to fuel the growth of the target market during the forecast period. Additionally, growth in the usage of these fibers in emerging applications such as electrical insulation, coating, and decoration applications, owing to its material property is another factor propelling target market growth. However, the complicated production process of the fiberglass yarn is expected to hamper the growth of this market in the near future. Never less, optimization of the complicated production process can create growth opportunities for the key players in the global market. Also, increasing the use of lightweight materials in the automotive industry is a key trend witnessed in the global market, which is supporting the target market growth.

The fiberglass yarn market is segmented based on type and application. On the basis of type segmentation, the market is classified as E-Glass, S-Glass, C-Glass, L-Glass, and Others (A Glass, ERC glass, and AE glass). The S-Glasssegment held a dominating share in 2018 and is expected to experience substantial growth over the forecasted period. In terms of Application segmentation, the market is bifurcated into the decoration, electrical insulation, fireproofing applications, coating or binder chemistry, and others.

Based upon the region the global fiberglass yarn market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East, and Africa. The Asia Pacific is expected to dominate in the global market in terms of revenue as compared to that of markets in other regions during the forecast period 2019-2026. The market in Europe is expected to hold the second-largest share over the forecast period. North America is estimated to grow at significant CAGR in the target market in the near future. This is attributed to the growing adoption of fiberglass yarn in the automotive sector of the region. 

Report Scope

Some of the leading players in the global market include

Saint-Gobain /Vetrotex, Bally Ribbon Mills (BRM)AGY, Culimeta, Hiltex, BTTO s.r.o., Valmiera Glass Group., Taiwan Glass, Nittobo, Sichuan Fiber Glass, Porcher, PFG Taiwan, and Jinwu glass fiber CO., LTD.

This report segments the fiberglass yarn market as follows:

By TypeSegmentation Analysis

• E-Glass
• S-Glass
• C-Glass
• L-Glass
• Others (A Glass, ERC glass, and AE glass)

By Application Segmentation Analysis

• Decoration
• Electrical Insulation
• Fire Proofing Applications
• Coating or Binder Chemistry
• Others

Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle East and Africa
  • GCC countries
  • South Africa
  • Rest of the Middle East and Africa

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