E-Glass Fiber Yarn & Roving Market Size

E-Glass Fiber Yarn & Roving Market Size

E-Glass Fiber Yarn & Roving Market size was over USD 7.5 billion in 2018 and industry expects consumption at over 8.5 million tons by 2025.

Rising demand for glass fibers from automotive & transport, construction, wind energy, pipes & tanks and aerospace industries is likely to boost E-glass fiber yarn & roving market size. These products are light in weight and offer high tensile strength, flexibility, thermal and electrical resistance at minimal cost. Increasing investment in infrastructure development in the U.S. where new public construction accounted for over USD 280 billion in 2017 which is likely to have a positive impact on the industry growth. Rising focus on energy conservation in construction industry is expected to stimulate E-glass fiber yarn & roving market growth for their application as insulating materials.

Growing global automotive sales, with the worldwide car sales in 2018 was valued at over USD 75 million indicates favourable circumstances for the market growth. Rising demand for lightweight, fuel efficient vehicles along with high speed sports cars is projected to drive product from automotive & transport sector.

E-glass fiber is widely used in aerospace applications pertaining to its dimensional stability and temperature resistance. It is naturally incombustible and does not emit toxic products or smoke when exposed to heat. Increasing demand for fuel efficient, lightweight composites due to their low maintenance costs and high load bearing capacity is likely to drive E-glass fiber yarn & roving market growth.

Fiberglass produces dust when chopped, cut, sanded or trimmed. Exposure to fibres present in the dust can cause irritation in eyes and rashes in the skin outer layer which can have adverse health effects on humans as well as environment. Long term exposure to fiberglass dust can also increase the potential risk of stomach irritation, asthma and bronchitis which may hinder the market growth with rising stringent regulations related to employee health and safety. However, these materials when used as additives for plastics improve the impact resistance and enhance end use product rigidity which is likely to accelerate the market demand.