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Growing Demand for E-Glass Type Glass Fiber Yarn in PCB Applications Drives Market Expansion in North America

October 12, 2023
in News
Growing Demand for E-Glass Type Glass Fiber Yarn in PCB Applications Drives Market Expansion in North America
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Glass fiber yarn is formed from continuous strands of glass fibers. Fiber spinning is a method in which molten glass is extruded through small holes to make thin fibers. These fibers are then woven together to make yarn. Glass fiber yarn has great strength and durability, as well as resistance to heat, chemicals, and moisture. It has high tensile strength and is frequently used as a reinforcing material in composites. The yarn can be woven or knitted into fabrics, wound into filaments, or incorporated into a variety of composite constructions to improve mechanical qualities.

The report “Global Glass Fiber Yarn Market by Fiber Type (E-glass type, S-glass type), Yarn Type (Single Yarn, Piled yarn), Application (PCB, Façade, Marble & Mosaic Tiles, Structural parts), End-use Industry and Region- Forecast to 2027”, is estimated to be USD 2.5 billion in 2022 and is projected to reach USD 3.5 billion by 2027, at a CAGR of 6.5% between 2022 and 2027.

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The electrical & electronics industry is expected to account for the largest market share in glass fiber yarn market during the forecast period.

During the forecast period, the electrical and electronics industry is predicted to have the biggest market share in the glass fiber yarn market. Due to their superior electrical insulating capabilities, high strength-to-weight ratio, and resilience to heat and chemicals, glass fiber yarns are widely used in this business.

Glass fiber yarns are used for insulation in cables, wires, and electrical components in the electrical and electronics industries. They provide mechanical support, electrical current protection, and improve the overall performance and reliability of electrical systems. Glass fiber yarns are also used in circuit boards, transformers, motors, and other electrical devices.

Weight reduction and increased processing speed encourage glass fiber yarn adoption to boost the glass fiber yarn market

Weight reduction and faster processing speed are important aspects that drive the use of glass fiber yarn, hence increasing the glass fiber yarn market. Lightweight materials are in high demand in a variety of industries, including automotive, aerospace, construction, and wind energy. Glass fiber yarn has a high strength-to-weight ratio, allowing producers to reduce product weight without sacrificing performance or structural integrity. This is especially useful in businesses where reducing weight is crucial for fuel efficiency, shipping costs, or overall system performance.

APAC is expected to account for the largest market share in the glass fiber yarn market during the forecast period.

During the projected period, Asia Pacific is expected to hold the biggest market share in the glass fiber yarn market. The region’s dominance can be ascribed to a variety of causes, including the existence of large manufacturing hubs, rising industrialization, and rising demand from a variety of end-use sectors.

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China, India, Japan, South Korea, and Southeast Asian countries have seen substantial expansion in industries such as automotive, aerospace, construction, electrical and electronics, and wind energy, all of which are important users of glass fiber yarn. Expanding infrastructural initiatives, rapid urbanization, and rising disposable income all contribute to increased demand for glass fiber yarn in the region.

The key players in the global glass fiber yarn market are Owens Corning (US), Jushi Group Co., Ltd., Chongqing Polycomp International Corporation, Saint-Gobain S.A., Nippon Electric Glass Co. Ltd., AGY Holdings Corp., China Beihai Fiberglass Co., Ltd., Taiwan Glass Industry Corp., Nitto Boseki Co. Ltd. (Japan), PFG Fiber Glass Corp. (Taiwan) and others.

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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