Global E Glass Fiber Yarn Roving Market Overview
The E Glass Fiber Yarn Roving Market Size was estimated at 8.53 (USD Billion) in 2022. The E Glass Fiber Yarn Roving Industry is expected to grow from 9.02(USD Billion) in 2023 to 15.0 (USD Billion) by 2032. The E Glass Fiber Yarn Roving Market CAGR (growth rate) is expected to be around 5.81% during the forecast period (2024 - 2032).
Key E Glass Fiber Yarn Roving Market Trends Highlighted
Key market drivers for E-glass fiber yarn roving include rising demand from the wind energy sector, increasing use in automotive applications and growing construction activities. The automotive industry's focus on lightweight materials and fuel efficiency has fueled demand for E-glass fiber yarns in composites. In construction, the use of E-glass fiberroving in roofing, insulation, and pipelines is expanding rapidly.
Opportunities lie in the growing renewable energy industry, specifically wind turbine blade manufacturing. Composites made with E-glass fibers offer high strength and durability, making them ideal for wind turbine blades. Additionally, the increasing adoption of electric vehicles is creating opportunities for E-glass fiber yarns in battery separators and other automotive components.
Recent trends include the development of high-strength and lightweight E-glass fibers, as well as the use of sustainable production methods. Innovations in fiber coating technologies are enhancing the performance and durability of E-glass yarns. Furthermore, the growing emphasis on environmental sustainability is driving the adoption of recycled and bio-based E-glass fibers.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
E Glass Fiber Yarn Roving Market Drivers
Rising Demand for Lightweight and Durable Composites
One of the E Glass Fiber Yarn Roving Market Industry Drivers is the increased adoption of lightweight and durable composites in the automotive, construction, aerospace and other industries. E-glass composite materials offer high strength-to-weight ratios, corrosion and electrical insulation properties. These composites are in high demand in weight-critical and heavy-duty applications such as lightweight vehicles, energy-efficient buildings and advanced aircraft, which will favor the E Glass Fiber Yarn Roving market in the years to come.
Technological Advancements and Product Innovations
Continuous advancements in production technologies and the development of innovative E Glass Fiber Yarn Roving products are driving the growth of the E Glass Fiber Yarn Roving Market Industry. Manufacturers are investing in research and development to enhance the performance, quality, and cost-effectiveness of their products. The introduction of new products with improved strength, modulus and thermal stability is expanding the application scope of E Glass Fiber Yarn Roving in various industries.
Growing Emphasis on Sustainability
The increasing focus on sustainability and environmental concerns is driving the demand for eco-friendly materials in various industries. E Glass Fiber Yarn Roving is made from abundant natural resources and offers excellent recyclability, making them an environmentally friendly choice. The growing adoption of sustainable practices and regulations promoting the use of eco-friendly materials is expected to boost the growth of the E Glass Fiber Yarn Roving market in the coming years.
E Glass Fiber Yarn Roving Market Segment Insights
E Glass Fiber Yarn Roving Market Product Type Insights
The market growth is credited to the expanding demand for E-glass fiber in different end-use ventures like automotive, construction and electronics. The market has been sectioned into E-Glass Fiber Yarn and E-Glass Fiber Roving in light of item type. E-glass fiber Yarn is a continuous filament yarn produced from E-glass, which is a kind of glass fiber normally used for both reinforcement and insulation. These yarns are known for their very high tensile strength, outstanding dimensional balance and high modulus. E-glass fiber Roving is essentially a fiber bundle containing continuous filaments of E-glass fiber hobnob.
It is produced more often than not utilizing a chopper to divide continuous glass fibers. Roving, frequently created from E-textile, can also be used where glass fibers should be woven in the finished article. Rovings are used to make fiber-reinforced polymer composites, which can be shaped into items like pipes and water tanks. Rovings are also utilized to make coverings, protection panels, senders, frocks, tights and hosiery powers. However, the utilization of E-Glass Fiber Roving is more limited than that of the yarn. It is utilized mainly in the manufacturing of fiberglass textures, mats and composites.
The E Glass Fiber Yarn Roving Market is projected to be driven by the E Glass Fiber Yarn section based on earnings in 2023. While E-Glass Fiber Yarn is employed in a wide range of uses, including high-performance composites, electrical insulation and reinforcement materials, E-Glass Fiber Roving is more restricted in its use. In comparison to 2023, the E-Glass Fiber Roving segment is anticipated to report a higher CAGR growth rate. The growth in the E-Glass Fiber Yarn Roving Market is primarily due to the higher demand from the construction industry, where E-Glass Fiber Roving is required for roofing, flooring, and insulation applications.
The major E Glass Fiber Yarn Roving Market players are Owens Corning, Saint-Gobain, Johns Manville Jushi Group, Inc. and Nippon Electric Glass. The players are engaged in increasing their product efficiency and quality by investing in research and development capacities. They are now looking at expanding their market request over the outlook period by intensifying their manufacturing capacities.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
E Glass Fiber Yarn Roving Market End-Use Industry Insights
The E Glass Fiber Yarn Roving Market has a diverse range of end-use industry applications, each contributing to its overall market growth. The automotive industry is a significant consumer of E Glass Fiber Yarn Roving, utilizing it in the production of automotive components and interiors. The market revenue for E Glass Fiber Yarn Roving in the automotive sector is projected to reach $4.2 billion by 2024, driven by the increasing demand for lightweight and fuel-efficient vehicles. Another key end-use industry is electronics, where E Glass Fiber Yarn Roving is employed in electrical insulation and printed circuit boards.
The electronics segment is expected to witness a market valuation of $2.8 billion by 2023, owing to the rising adoption of electronic devices and the miniaturization of electronic components. In the construction industry, E Glass Fiber Yarn Roving finds application in reinforcement materials for concrete and composites. The market revenue in this segment is anticipated to reach $3.6 billion by 2023, fueled by the growing demand for durable and sustainable construction materials. The aerospace industry also utilizes E Glass Fiber Yarn Roving in the manufacturing of lightweight and high-strength aircraft components.
The market value for this segment is projected to be $2.4 billion by 2023, driven by the increasing production of commercial and military aircraft. Lastly, the wind energy industry employs E Glass Fiber Yarn Roving in the production of wind turbine blades. This segment is expected to reach a market valuation of $2.2 billion by 2023, benefiting from the growing adoption of renewable energy sources.
E Glass Fiber Yarn Roving Market Application Insights
The application segment plays a crucial role in shaping the dynamics of the E-Glass Fiber Yarn Roving Market. Among the key applications, reinforcement for composites holds a significant market share, driven by the increasing demand for lightweight and durable materials in industries such as automotive, aerospace and construction. Electrical insulation is another prominent application, with E-glass fiber yarn and roving offering excellent electrical properties and insulation performance. Thermal insulation finds applications in various industries, including construction and automotive, to improve energy efficiency and reduce heat loss.
Scrim and filtration applications utilize E glass fiber yarn and roving for their strength, durability, and filtration capabilities. Other niche applications include medical textiles, protective clothing and sporting goods, contributing to the overall market growth. The E Glass Fiber Yarn Roving Market segmentation provides valuable insights into the industry's structure, growth drivers and competitive landscape, enabling stakeholders to make informed decisions and capitalize on emerging opportunities.
E Glass Fiber Yarn Roving Market Coating Insights
The Coating segment in the E Glass Fiber Yarn Roving Market is projected to witness significant growth in the coming years. Various types of coatings, including silane, starch, epoxy, phenolic and polyurethane, are used to enhance the properties of E-glass fibers. Among these, silane is widely used for its excellent adhesion and moisture resistance, offering a strong bond between the fiber and resin matrix. Starch, a natural polymer, provides flexibility and reduces fiber breakage during processing. Epoxy coatings offer high chemical resistance and electrical insulation, making them suitable for use in electronic applications.
Phenolic coatings impart flame retardancy and dimensional stability, while polyurethane coatings provide abrasion resistance and flexibility. The increasing demand for E-glass fibers in industries such as automotive, construction, and electronics is driving the growth of the Coating segment. In 2023, the Coating segment accounted for a substantial share of the E Glass Fiber Yarn Roving Market revenue and it is expected to maintain its dominance throughout the forecast period. The growing adoption of E-glass fibers in lightweight and high-performance composites is expected to further contribute to the segment's growth in the coming years.
E Glass Fiber Yarn Roving Market Diameter Insights
The Diameter segment of the E Glass Fiber Yarn Roving Market is expected to exhibit significant growth in the coming years. In 2023, the 6 Microns segment held the largest market share, accounting for approximately 35% of the revenue. This dominance is attributed to its superior strength and durability, making it ideal for applications in high-performance composites, such as those used in the aerospace and automotive industries. The 9 Microns segment is projected to witness a steady growth rate over the forecast period, driven by its increasing adoption in the construction industry for reinforcing concrete and other building materials.
The 12 Microns segment is expected to gain traction in the electrical and electronics sector due to its excellent electrical insulation properties. Moreover, the 15 Microns and 18 Microns segments are anticipated to grow at a moderate pace, primarily driven by their use in filtration and insulation applications. Overall, the Diameter segment of the E Glass Fiber Yarn Roving Market is poised for robust growth, supported by the increasing demand for lightweight and high-performance materials across various industries.
E Glass Fiber Yarn Roving Market Regional Insights
With a revenue projection of USD 4.8 billion in 2023, North America holds the dominant position in the E Glass Fiber Yarn Roving Market. The region's automotive and construction sectors drive market expansion. Europe, with a market value of USD 3.2 billion in 2023, follows North America. The region's stringent regulations promoting energy efficiency in buildings and transportation contribute to the growth. APAC, estimated to reach USD 5.6 billion in 2023, exhibits the highest growth potential due to rapid urbanization and infrastructure development, particularly in China and India.
South America, with a market size of USD 0.9 billion in 2023, is driven by growing demand from the transportation and wind energy industries. MEA, projected to reach USD 0.5 billion in 2023, shows significant growth potential due to increasing investments in infrastructure and renewable energy projects.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
E Glass Fiber Yarn Roving Market Key Players And Competitive Insights:
Major players in e-glass Fiber Yarn Roving Market industry are continuously working on expanding their geographical reach and product portfolio. Leading E-Glass Fiber Yarn Roving Market players are adopting various strategies such as mergers and acquisitions, joint ventures, and collaborations to strengthen their market position and gain a competitive edge in the E-Glass Fiber Yarn Roving Market development. This approach enables them to access new markets, diversify their revenue streams, and enhance their technological capabilities. The E Glass Fiber Yarn Roving Market Competitive Landscape is witnessing a continuous evolution as new entrants emerge and existing players adapt to changing market dynamics.
Owens Corning is one of the leading companies in the E Glass Fiber Yarn Roving Market industry, with a strong presence across the globe. The company offers a wide range of E Glass fiber products, including yarns and rovings, for various applications in the electrical, automotive, construction, and industrial sectors. Owens Corning has a well-established distribution network and a dedicated team of professionals who work closely with customers to provide customized solutions and technical support. The company's continuous investments in research and development enable it to stay at the forefront of technological advancements and offer innovative products to meet evolving market demands.
Another prominent player in the E Glass Fiber Yarn Roving Market is Jushi Group. The company has a significant presence in China and other Asian markets. Jushi Group offers a comprehensive range of E Glass fiber products, including yarns and rovings, for various end-use industries. The company emphasizes sustainability and environmental protection throughout its operations. Jushi Group has a strong focus on technology and process innovation, investing heavily in research and development to improve product quality and efficiency. The company's commitment to quality and customer service has earned it a loyal customer base and a solid reputation in the E Glass Fiber Yarn Roving Market industry.
Key Companies in the E Glass Fiber Yarn Roving Market Include:
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Shouguang Fushun Glass Fiber
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SaintGobain
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Jushi Group
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PPG Industries
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Sinoma Science Technology
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Hokuetsu Glass
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Xianyang China National Building Materials
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Shandong Fiberglass
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Jiangsu Jushi Group
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Guangxi Huazhong Electronic Glass Fiber
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Chongqing Polycomp International Corporation
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Jiangxi Xinyu Glass Fiber
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Nippon Electric Glass
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Owens Corning
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3M
E Glass Fiber Yarn Roving Market Industry Developments
The E Glass Fiber Yarn Roving Market is projected to grow from an estimated USD 9.02 billion in 2023 to USD 15.0 billion by 2032, at a CAGR of 5.81%. This growth is attributed to increasing demand from the automotive, construction, and wind energy industries.
Recent news developments in the market include the expansion of production capacity by major players such as Owens Corning and Saint-Gobain. Additionally, there is a growing focus on sustainable and lightweight materials, which is driving demand for E-glass fiber yarn roving. Key current affairs include the rising adoption of electric vehicles, which require lightweight and high-strength materials, and government regulations promoting the use of renewable energy sources such as wind power.
E Glass Fiber Yarn Roving Market Segmentation Insights
E Glass Fiber Yarn Roving Market Product Type Outlook
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E-Glass Fiber Yarn
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E-Glass Fiber Roving
E Glass Fiber Yarn Roving Market End-Use Industry Outlook
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Automotive
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Electronics
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Construction
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Aerospace
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Wind Energy
E Glass Fiber Yarn Roving Market Application Outlook
E Glass Fiber Yarn Roving Market Coating Outlook
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Silane
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Starch
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Epoxy
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Phenolic
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Polyurethane
E Glass Fiber Yarn Roving Market Diameter Outlook
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6 Microns
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9 Microns
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12 Microns
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15 Microns
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18 Microns
E Glass Fiber Yarn Roving Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
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Report Attribute/Metric
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Details
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Market Size 2022
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8.53(USD Billion)
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Market Size 2023
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9.02(USD Billion)
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Market Size 2032
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15.0(USD Billion)
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Compound Annual Growth Rate (CAGR)
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5.81% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Shouguang Fushun Glass Fiber, SaintGobain, Jushi Group, PPG Industries, Sinoma Science Technology, Hokuetsu Glass, Xianyang China National Building Materials, Shandong Fiberglass, Jiangsu Jushi Group, Guangxi Huazhong Electronic Glass Fiber, Chongqing Polycomp International Corporation, Jiangxi Xinyu Glass Fiber, Nippon Electric Glass, Owens Corning, 3M
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Segments Covered
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Product Type, End-Use Industry, Application, Coating, Diameter, Regional
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Key Market Opportunities
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Rising Demand in Construction
Growth in Automotive Applications
Renewable Energy Sector
Expansion
Emerging Markets PotentialInnovations in Composites Technology
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Key Market Dynamics
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Rising demand for composite materials
growing wind energy sector
increasing automotive applications
technological advancements and
expanding construction industry
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The E Glass Fiber Yarn Roving Market size was valued at USD 9.02 billion in 2023 and is projected to reach USD 15.0 billion by 2032, exhibiting a CAGR of 5.81% during the forecast period.
Asia Pacific is expected to dominate the E Glass Fiber Yarn Roving Market over the forecast period due to the increasing demand from the automotive and construction industries in the region.
The growing demand for lightweight and high-strength materials in various industries, such as automotive, construction, and aerospace, is driving the growth of the E Glass Fiber Yarn Roving Market.
Key players in the E Glass Fiber Yarn Roving Market include Owens Corning, Saint-Gobain, Jushi Group, Nippon Electric Glass Co. Ltd., and China Jushi Co., Ltd.
Major applications of E Glass Fiber Yarn Roving include automotive parts, printed circuit boards, wind turbine blades, and construction materials.
The E Glass Fiber Yarn Roving Market is projected to grow at a CAGR of 5.81% from 2024 to 2032.
Challenges faced by the E Glass Fiber Yarn Roving Market include fluctuating raw material prices and competition from alternative materials.
Opportunities for growth in the E Glass Fiber Yarn Roving Market include the increasing demand for lightweight and high-performance materials in various industries.
Government regulations on environmental protection and energy efficiency are expected to drive the demand for E Glass Fiber Yarn Roving.
Key trends in the E Glass Fiber Yarn Roving Market include the development of new products with improved properties and the adoption of sustainable manufacturing processes.
