E-Glass Fiber Yarn & Roving Market Analysis

E-Glass Fiber Yarn & Roving Market Analysis

Global E-glass fiber yarn market demand from electrical & electronics application may exhibit gains at over 5% up to 2025. These products are layered and impregnated in several printed circuit boards (PCB) pertaining to their high electrical and corrosion resistance, mechanical strength, thermal conductivity and superior dielectric properties. Fiber glass yarns are also used in fixing motor coil and transformer parts to withstand mechanical stress during operation. These products provide structural integrity, exceptional heat and electrical resistance which is crucial for the performance of various electronic boards and electrical devices. Increasing demand for high performance consumer electronics along with favourable government initiatives is likely to accelerate industry demand.

Global E-glass fiber roving market size from aerospace application is likely to exceed USD 950 million by 2025 owing to the increasing demand for impact resistant, low weight and durable materials in the development of commercial aircrafts. These products are served in the fighter aircrafts construction owing to their high load bearing structures and exceptional low weight which enables the aircraft to carry more weapons and increases mission’s effectiveness. Furthermore, it is used in flooring, seating, cargo liners and other cabin interior parts as they provide superior electrical insulation. Growing R&D innovations have increased the usage of glass fiber composites in fighter aircrafts owing to their high tensile strength and stability in space environment which is likely to boost E-glass fiber yarn & roving market size.  

Global E-glass fiber roving market size from wind energy application is likely to witness growth of over 6% by 2025 as it provides high strength at low weight which increases rotor blades efficiency and duration. These products are widely used in large wind turbines manufacturing for different geographies and climatic conditions in a cost-effective way which is expected to be a major driving factor for the market growth with rising demand for renewable energy sources from across the globe. Significant growth in wind energy consumption and increasing demand for lightweight turbine components to facilitate transportation at low accessibility areas may accelerate E-glass fiber yarn & roving market demand.

North America, driven by Canada, Mexico and the U.S. E-glass fiber yarn & roving market size should surpass USD 1.8 billion by 2025 pertaining to the increasing adoption and replacement of smart electronic devices in the region. Changing lifestyle preferences, rise in disposable income and increasing innovations in consumer electronics is likely to drive market growth in the region. 

Europe market demand driven by Germany, UK, France, Italy and Spain may witness significant gains at over 4.5% during the forecasted timespan pertaining to the significant growth in automotive industry and increasing lightweight product usage in automotive body parts. Increasing technological advancements has enabled manufacturers to produce sustainable substitutes to plastics and metals which is likely to induce the E-glass fiber regional market growth.

Asia Pacific, led by India, China, South Korea and Japan E-glass fiber yarn & roving market demand may register favourable gains at over 5.5% by 2025 owing to the high penetration and huge growth in the construction industry. Rapid urbanization along with rising demand from automotive & transport, construction, and industrial applications pertaining to its superior capabilities shall propel market size. Additionally, increasing energy efficient products demand and growth in automobile production in India is projected to have a positive impact on the market growth.