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

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

The Glass Fiber Yarn Market size was estimated at USD 2.92 billion in 2023 and expected to reach USD 3.14 billion in 2024, at a CAGR 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.

Market Insights



Market Dynamics



The market dynamics represent an ever-changing landscape of the Glass Fiber Yarn Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers


Rising need for lightweight materials in automotive and aerospace industries
Environmental concerns and awareness about the recyclable nature of glass fiber yarn
Increasing use of fiberglass-reinforced composites in the construction industry

Market Restraints


Complex manufacturing processes of glass fiber yarn

Market Opportunities


Ongoing advancements to improve the performance of glass fiber yarn
Emerging investments in wind energy deployment and semiconductor development

Market Challenges


Strict standard specifications for glass fiber strands and yarn

Market Segmentation Analysis


Glass Fiber Type: Adoption of e-glass and s-glass fiber yarn due to high tensile strength
End-User: Significant use of glass fiber yarn in the construction and automotive industry

Market Disruption Analysis


Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix



The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Glass Fiber Yarn Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Glass Fiber Yarn Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments




TPI Composites, UT Advance Recycled Glass Fiber Yarn Development

TPI Composites Inc. and the University of Tennessee Knoxville are progressing to the second phase of development in the creation of glass fiber yarns from end-of-life (EOL) wind blades. This project opens up new possibilities for recycling materials from decommissioned blades, resulting in the production of high-value intermediate forms of glass fiber.


Successful Light-off of CPIC New Material R&D Production Base（Changshou）H04 Line

The CPIC New Material R&D Production Base (Changshou) H04 Line was inaugurated for impregnated cloth production for high-temperature filter bags and milled fiber production. The establishment of the New Material Base is a significant milestone in CPIC's globalization strategy, as well as its efforts in differentiation and integration.


Glass Maker Saint-Gobain Acquires UP Twiga

Saint-Gobain, French glass and building materials manufacturer, has made a definitive agreement to acquire UP Twiga, a glass wool insulation manufacturer based in India. This strategic acquisition aims to strengthen Saint-Gobain's position in the Indian market and enhance its global presence.

Strategy Analysis & Recommendation



The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Glass Fiber Yarn Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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 ŠĶIEDRA, 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

Please Note: PDF & Excel + Online Access - 1 Year