According to a market report by Lucintel, the future of the global glass fiber yarn market looks promising with opportunities in the electrical & electronic, aerospace, automotive, and construction markets. The global glass fiber yarn market is expected to reach an estimated $3.7 billion by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market are growing investments in the renewable energy sector and increasing demand for printed circuits and semiconductors along with the significantly growing telecommunication industry.
In this market, E yarn, C yarn, and S yarn are different segments of glass fiber yarn by grade type. Lucintel forecasts that E yarn will remain the fastest growing segment over the forecast period due to growing demand for novel electronics that has resulted in increased demand for printed circuit boards with high-performance chipsets and rising penetration of electrical fiberglass for modern telecommunications and data processing systems.
Within this market, façade, marbles & mosaic tiles, PCB, and structural parts are different segments of glass fiber yarn by application. The facade segment will remain the largest segment over the forecast period due to the increasing usage of glass fiber yarn to develop key structures in large-scale projects, such as shopping malls, museums, and monuments.
APAC will remain the largest region during the forecast period due to significantly growing building and construction activities and rapid expansion of infrastructure and automotive industry across the major nations in the region.
AGY Holding, Chongqing Polycomp, Fiber-line, Fibtex Products, China Jushi, Newtex Industries, Nippon Electric Glass, Nitto Boseki, PFG Fiber Glass, Saint-Gobain Performance, and Taiwan Glass Industry are the major suppliers in the global glass fiber yarn market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global glass fiber yarn market by grade type, product type, application, end-use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Glass Fiber Yarn Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global glass fiber yarn market by grade type, product type, application, end-use industry, and region, as follows:
Glass Fiber Yarn Market by Grade Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Glass Fiber Yarn Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Fine Yarn
Ultra-Fine Yarn
Glass Fiber Yarn Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Facade
Marble & Mosaic Tiles
PCB
Structural Parts
Glass Fiber Yarn Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Electrical & Electronics
Aerospace
Automotive
Construction
Others
Glass Fiber Yarn Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the glass fiber yarn market by grade type (E yarn, C yarn, and S yarn), product type (fine yarn and ultra-fine yarn), application (façade, marbles & mosaic tiles, PCB, and structural parts), end use industry (electrical & electronics, aerospace, automotive, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?