E Glass Fiber Yarn Market Report

Glass fibers are deployed in producing a wide range of products like insulators, yarns, fabrics, or structural objects. Fiberglass yarn is known to be the most basic binding element in all kinds of electrical insulation as well as fire proofing. E Glass Fiber Yarn is a lustrous, continuous filament yarn with high electrical characteristics. Benefits including exceptional tensile strength, flexibility, lightweight, dimensional stability, and high temperature resistance are associated with E Glass Fiber Yarn.

Manufacturers are introducing novel products in order to acquire a greater share in the market and strengthen its presence across the globe. One such instance is Fiberglass Texturized E Glass Fiber Yarn. It is well suited for braiding pultrusion process of GFRP procucts, decorative fabric, weaving, and industrial cloth. Good electrical insulation, perfect sound absorption, high temperature resistance, and compatibility with organic matrices are some of the key features of the product.

Novel Product Introduction – A key market strategy to survive in the competition

Key players operating in the global E Glass Fiber Yarn market are Owens Corning, Sichuan Weibo New Material Group, PPG Industries, CPIC, Binani-3B, Taishan Fiberglass (Sinoma), Advanced Glassfiber Yarns, Johns Mansville, Nippon Electric Glass, Valmiera Glass Group, Saint-Gobain Vetrotex, Taiwan Glass Group, Nittobo, and Jushi Group.

For instance, one of the key companies, Saint-Gobain Vetrotex has launched E glass fiberglass yarns that are twisted on plastic bobbins and supplied in a “milk bottle” shape. Moreover, these glass yarns can be supplied on beams.

 Market Boosters

Summery

Awareness pertaining to the benefits and usage of E Glass Fiber Yarn among the end-user industries is playing a key role in driving the market. Demand for E Glass Fiber Yarn is expected to witness a surge in the electro & electronics industry in the near future. Fiber roving is likely to emerge as a key product type in the years to come as predicted by the analysts. Moreover, participants are launching novel products to sustain the competition in the E Glass Fiber Yarn market. This will, in turn, have a positive impact on the E Glass Fiber Yarn market growth in the forthcoming years.

By Product Type

• Fiber Yarn
• Fiber Roving

By Application

• Electro & Electronics
• Transport
• Construction
• Sport & Leisure
• Others

The researchers predict that fiber roving will emerge as a key product type in the E Glass Fiber Yarn market, the reason being high demand of the product as compared to other types. As far as the application is concerned, the electro & electronics industry is expected to make extensive usage of E Glass Fiber Yarn in the near future owing to its exceptional electrical properties. The researchers have predicted that E Glass Fiber Yarn may gain traction in the construction industry owing to its usage for thermal insulation.

By Region

Growing need for high strength and cost-effective materials in the automotive industries is supporting the E Glass Fiber Yarn market growth in North America. Growth of the construction industries is resulting in increased demand for better insulation materials, thereby driving the market for E Glass Fiber Yarn in Asia Pacific. Moreover, increase in the number of manufacturing industries of fiberglass products and increasing consumption of E Glass Fiber Yarn in China are some of the key factors driving the E Glass Fiber Yarn market in Asia Pacific. Europe could emerge as a promising region in the E Glass Fiber Yarn market.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.