Glass Fiber Yarn Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (E-Glass, S-Glass, and Others), By Yarn Type (Single Yarn, Piled Yarn, and Others), By Application (PCB, Structural Parts, Façade, Marble & Mosaic Tiles, and Others), By End User Industry (Wind Energy, Automotive & Transportation, electronic & electricals, Building & Construction,

Global glass fiber yarn market is anticipated to increase at an impressive rate through 2028.

Growing demand from various end user for construction, automobile, sports, fishers, aerospace, and manufacturing are the crucial factors that impel the market's growth. The standard of living and demand of eco-friendly product leads to an increase in the demand for consumer goods and products as well as related industries. Furthermore, government regulation over trades, such as free trade agreements, bilateral agreements, and regional trade agreements are encouraging import and export that propel the market growth. Thus, it is expected that the global glass fiber yarn market will be grow in the projected year.

Rising demand from Construction Industries

Growing Demand for Production Power Generation Machinery

The core area of today's development is revolved around renewable and sustainable development. Electricity is considered as significant component of modern development This situation will lead to demand for renewable energy and shifting the market to opt for new power generation method and machinery. Due to its properties, different machinery part of the power generation industry such as scrubbers, tank farms, and others use fiberglass as basic component. Apart from these, glass fiber yarn is used to make printed circuit boards (PCBs) that are used in different electronic devices. Hence, it is expected that the demand for glass fiber yarn rise as the demand of power generation product and its related product grows.

Increasing Demand for Electricity from Sustainable Sources

The growing awareness related to environment and sustainability has significantly increased over the years. This in turn has increased the demand for renewable energy, especially wind energy which is one of the best renewable energy sources. The turbine blades of wind energy are made from glass fiber yarn, making them stiff and lighter in weight. As the technology is emerging, there are huge prospects for the growth of glass fiber yarn market in the coming years.

Product Launch

In December 2022, LAMILUX, a European-based glass fibre-reinforced composite plastics provider has launches “LAMILUX Sunsation”.

Market Segmentation

Global Glass Fiber Yarn market is based on type, Yarn type, application, and end-user industry. Based on type, the market is divided into E-glass, S-glass, and others. Based on yarn type, market is divided into single yarn, piled yarn, and others.

Market Players

Saint-Gobain S.A, Owens Corning Composite Materials, LLC, Jushi Group Ltd, Nippon Electric Glass Co. Ltd, Chongqing Polycomp International Corporation, AGY Holdings Corp., China Beihai Fiberglass Co. Ltd., Taiwan Glass Industry Corp., Fulltech Industries Corp., are some of the key players operating in the Global Glass Fiber Yarn Market