Global Glass Fiber Yarn Market by Glass Fiber Type (E-Glass, S-Glass), Yarn Type (Piled Yarn, Single Yarn), Application, End-User - Forecast 2024-2030

The Glass Fiber Yarn Market size was estimated at USD 2.92 billion in 2023, USD 3.14 billion in 2024, and is expected to grow at a CAGR of 7.86% to reach USD 4.97 billion by 2030.

Glass fiber yarn is a versatile and high-performance material made from numerous fine glass fibers, which are extruded into thin filaments and then gathered and twisted together to form a continuous strand. They exhibit remarkable properties such as high tensile strength, excellent resistance to heat, flame retardancy, electrical insulation capabilities, corrosion resistance, and lightweight nature, making them an essential component in various sectors. Surged demand for lightweight materials in the automotive industry leads to higher adoption of this composite material to reduce vehicle weight and enhance fuel efficiency. Demand for fiberglass-reinforced composites within construction applications such as pipes & tanks and reinforcing bars is increasing. However, high production costs associated with raw materials, such as silica sand, and energy-intensive manufacturing processes impede the glass fiber yarn production activities. Market players are developing energy-efficient production methods aimed at reducing greenhouse gas emissions through process optimization. They are also investigating novel applications of glass fiber yarns in emerging fields such as nanotechnology or biomedical implants, where unique material characteristics can create niche markets.

Regional Insights

In the Americas, the demand for glass fiber yarn is primarily driven by its use in the construction, automotive, and aerospace industries. With an emphasis on lightweight materials to improve fuel efficiency in vehicles and a growing need for infrastructure development across countries, including the United States, Brazil, and Mexico, glass fiber yarn has found an expanding market in this region. Asia is significant in terms of production capacity as well as consumption of glass fiber yarn. Countries such as China, India, Japan, and South Korea are major contributors to Asia's dominance in this market segment. In Europe, the glass fiber yarn market is characterized by its focus on research and development, with a particular emphasis on sustainability. The region is home to some of the most advanced research institutes and laboratories working on innovative materials and applications for glass fiber yarn, creating an environment conducive to technological advancements. Moreover, European regulations regarding environmental protection have prompted companies operating in this region to develop sustainable solutions using recycled materials and closed-loop manufacturing processes.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Glass Fiber Yarn Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Glass Fiber Yarn Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Glass Fiber Yarn Market, highlighting leading vendors and their innovative profiles. These include AGY Holding Group, Changzhou Right Composite Co., Ltd., China Beihai Fiberglass Co., Ltd., China Jushi Co., Ltd., Compagnie de Saint-Gobain S.A., EAS Fiberglass Co., Ltd., Fulltech Fiber Glass Corp., Hebei Yuniu Fiberglass Manufacturing Co., Ltd., Hexcel Corporation, Johns Manville, JPS Composite Materials, Kingoda Glass Fiber Co., Ltd., McAllister Mills, Inc., Newtex Industries, Inc., Nippon Electric Glass Co. Ltd., Nitto Boseki Co. Ltd., Owens Corning, Parabeam BV, PFG Fiber Glass Corp., Taishan Fiberglass Inc., Taiwan Glass Industry Corp., VALMIERAS STIKLA ŠKIEDRA, AS, and Weibo.

Market Segmentation & Coverage

This research report categorizes the Glass Fiber Yarn Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Glass Fiber Type
  • E-Glass
  • S-Glass
• Yarn Type
  • Piled Yarn
  • Single Yarn
• Application
  • Automotive Structural Parts
  • Facade
  • Marble & Mosaic Tiles
  • Printed Circuit Board
• End-User
  • Automotive & Transportation
  • Construction & Infrastructure
  • Electrical & Electronics
  • Marine
  • Wind Energy

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

The report offers valuable insights on the following aspects

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

1. What is the market size and forecast of the Glass Fiber Yarn Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Glass Fiber Yarn Market?
3. What are the technology trends and regulatory frameworks in the Glass Fiber Yarn Market?
4. What is the market share of the leading vendors in the Glass Fiber Yarn Market?
5. Which modes and strategic moves are suitable for entering the Glass Fiber Yarn Market?

Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report

Please note: This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.

With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.

This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.