Press release
Fiberglass Yarn Market is Set to Globally Reach US$ 7.23 Billion by 2035 at 4.9% CAGR | Fact.MR
Fiberglass Yarn Market
The fiberglass yarn demand continued to grow in a substantial way with strong demand from building, electronics, automotive, and renewable energy applications. Growth was supported by increasing adoption of EV, growth in 5G infrastructure, and Asian urbanization and development. Digitalization, sustainability-driven trends, and industrialization in emerging economies will continue to drive the market.
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Fiberglass Yarn Industry Analysis by Top Investment Segments
The market is categorized by product type into ultra-fine yarn and fine yarn. According to grade, the market caters to E yarn, C yarn, S yarn, and others. According to end-use industry, the market is segmented into electrical & electronics, aerospace, automotive, construction, and others. Region-wise, the market is spread across North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa (MEA).
Analysis of Top Countries
The US industry will expand at a CAGR of 5.5% during 2025-2035, slightly above the world average, due to the developed industrial textile base of the country. Demand for light composite materials such as products in the automotive industry, especially electric vehicles (EVs), has been the key driver of demand.
The UK industry will grow 5.0% during the period 2025-2035, well above the world average. The sustainable building plans and the UK's renewable energy policy considerably drive product demand owing to applications in wind power, for example, in turbine blades.
The French economy is also expected to grow at a CAGR of 4.7% during the 2025-2035 period, slightly lower than the global average since growth is not so high relative to the rest of the European continent. Demand for product is driven by the construction sector, particularly in green buildings and green building materials.
Germany is also predicted to record a CAGR of 5.3% in 2025 to 2035, slightly higher than the world average, because of the strong industrial textile industry of the country. The German automotive sector, and particularly the shift towards electric vehicles (EVs), is among the most prominent drivers of demand for the product because it is used in light-weighted applications for parts of vehicles, like battery cases and reinforcement.
China will witness substantial growth in the industry between 2025 and 2035 at a CAGR of 7.0% due to its huge industrial base and economy. The automotive industry in the country, the shift towards electric vehicles (EVs), is one of the major drivers of product demand as it is used in lightweight composites for car parts.
Key Strategies
In the market, the large companies are following divergent strategies to adapt to evolving industry trends, competitive forces, regulatory forces, and technological forces. The manufacturers, as the primary drivers of production, are focusing product development and geographic expansion for remaining competitive. With increased demand for insulation yarns in industries such as automotive, building construction, and renewable energy, manufacturers are heavily investing in producing complex products, namely ultra-fine yarns and high-strength composites.
Capital flows strategies are being adopted by industry investors where they are looking for companies that possess strong research and development capabilities and strong growth opportunities. Investors are actively engaged with sustainability as a key consideration factor for investment and desire to invest in those companies that care about yarn processing technologies and energy saving manufacturing processes. With stricter regulatory requirements for environmental practice, capital is being invested in those companies that are ready to address such requirements.
Regulators are tasked with shaping the fiberglass yarn sector through imposing environmental and safety laws that affect production processes and products. The primary method adopted by regulators is to tighten carbon emissions and disposal legislation in the process of making fiberglass. This has resulted in manufacturers adopting cleaner and greener production methods.
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Key Players
AGY Holding Corp
Chongqing Polycomp International Corporation (CPIC)
Fiber-line
Fibtex Products
Jushi Group Co., Ltd.
Newtex
Nippon Electric Glass Co., Ltd.
Nitto Boseki Co., Ltd.
Oao Polatsk-Steklovolokno
PFG Fiber Glass Corporation
Saint-Gobain Performance Plastics
Taiwan Glass Ind. Corp
Key Fiberglass Yarn Industry Segmentation
By Product Type :
Fine Yarn
Ultra-Fine Yarn
By Grade :
E Yarn
C Yarn
S Yarn
Others
By End-Use Industry :
Electrical & Electronics
Aerospace
Automotive
Construction
Others
By Region :
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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