Market Forecast by Countries (United States, Canada), By Glass Fiber Type (E-Glass type, S-Glass type), By Yarn Type (Single Yarn, Piled yarn), By Application (PCB, Facade, Marble & Mosaic Tiles, Structural parts), By End-use Industry (Wind Energy, Automotive & Transportation, Building & Construction, Marine, Electrical & Electronics, Others) And Competitive Landscape
Product Code: ETC4622552 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America Glass Fiber Yarn Market |
Forecast period | 2025-2031 |
CAGR | 6.5% |
Growing Sector | Construction |
The North America Glass Fiber Yarn Market report extensively covers the market by Countries, Glass Fiber Type, Yarn Type, Application, and End-Use Industry. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America Glass Fiber Yarn market is anticipated to witness significant growth during the forecast period. The growth of the market can be attributed to the increasing demand for lightweight and high-strength materials in various end-use industries such as building and construction, automotive, aerospace, and wind energy.
According to 6Wresearch, The North America Glass Fiber Yarn Market is projected to grow at a CAGR of 6.5% during the forecast period. One of the key growth drivers for the North America Glass Fiber Yarn Market is the increasing focus on sustainability and eco-friendly construction materials. Glass fiber yarn offers several benefits such as high strength, lightweight, and corrosion resistance, making it a preferred choice in the building and construction industry. Additionally, government initiatives to promote energy-efficient buildings are also expected to drive the demand for glass fiber yarn in this sector.Another major factor contributing to the growth of this market is the rising use of composites in various industries. Composites made with glass fiber yarn offer improved strength and durability compared to traditional materials like steel or aluminum. This has led to their increased adoption in industries such as automotive, aerospace, and wind energy.
Despite the promising growth prospects, there are certain challenges that could hinder the growth of the North America Glass Fiber Yarn Market. One of the major challenges is the fluctuating raw material prices, which can impact the overall cost of production and ultimately affect market growth. Moreover, concerns over health hazards associated with exposure to glass fibers and lack of awareness about its benefits in some industries may also pose challenges for market growth.
Some of the key players operating in the North America Glass Fiber Yarn Market include Owens Corning, PPG Industries, Inc., Nippon Electric Glass Co. Ltd., Johns Manville Corporation, and Saint-Gobain Vetrotex. These companies are focusing strategies such as partnerships, mergers and acquisitions, product developments, and innovations to strengthen their market position. Currently, PPG Industries holds the largest share in the market.
The growing concern for the environment has led to governments implementing various regulations and initiatives to promote sustainable materials. The United States Environmental Protection Agency (EPA) has set standards for glass fiber emissions from manufacturing facilities to ensure environmental safety. Similarly, the Canadian government has established energy efficiency programs and tax incentives for buildings that use eco-friendly materials like glass fiber yarn.
The future of the North America Glass Fiber Yarn Market looks promising with the increasing focus on sustainable materials and advancements in manufacturing technologies. With the growth of end-use industries such as automotive, construction, and wind energy, the demand for glass fiber yarn is expected to rise. Moreover, emerging applications in sectors like sports equipment, marine industry, and electrical and electronics industry are also expected to contribute to market growth. Additionally, government initiatives promoting eco-friendly materials and investments in research and development for safer alternatives could further fuel market growth.
According to Dhaval, Research Manager, 6Wresearch, E-Glass Type holds the largest share in the North America Glass Fiber Yarn Market due to their superior properties such as high strength and resistance to corrosion.
Single yarn holds the largest market share due to its cost-effectiveness and versatility in various applications such as composites and textiles.
The PCB segment is expected to hold a significant market share due to the growing demand for lightweight and durable materials in the electronics industry.
Wind energy holds the largest market share due to its increasing use of glass fiber yarn in blades for its lightweight and high strength properties.
The United States currently holds the largest share in the North America Glass Fiber Yarn Market, primarily due to the diverse applications of glass fiber yarn across various sectors including construction, automotive, and wind energy.
The market study offers an exhaustive analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Glass Fiber Yarn Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Glass Fiber Yarn Market Revenues & Volume, 2021 & 2031F |
3.3 North America Glass Fiber Yarn Market - Industry Life Cycle |
3.4 North America Glass Fiber Yarn Market - Porter's Five Forces |
3.5 North America Glass Fiber Yarn Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Glass Fiber Yarn Market Revenues & Volume Share, By Glass Fiber Type, 2021 & 2031F |
3.7 North America Glass Fiber Yarn Market Revenues & Volume Share, By Yarn Type, 2021 & 2031F |
3.8 North America Glass Fiber Yarn Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 North America Glass Fiber Yarn Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 North America Glass Fiber Yarn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Glass Fiber Yarn Market Trends |
6 North America Glass Fiber Yarn Market, 2021 - 2031 |
6.1 North America Glass Fiber Yarn Market, Revenues & Volume, By Glass Fiber Type, 2021 - 2031 |
6.2 North America Glass Fiber Yarn Market, Revenues & Volume, By Yarn Type, 2021 - 2031 |
6.3 North America Glass Fiber Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4 North America Glass Fiber Yarn Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
7 United States Glass Fiber Yarn Market, 2021 - 2031 |
7.1 United States Glass Fiber Yarn Market, Revenues & Volume, By Glass Fiber Type, 2021 - 2031 |
7.2 United States Glass Fiber Yarn Market, Revenues & Volume, By Yarn Type, 2021 - 2031 |
7.3 United States Glass Fiber Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
7.4 United States Glass Fiber Yarn Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
8 Canada Glass Fiber Yarn Market, 2021 - 2031 |
8.1 Canada Glass Fiber Yarn Market, Revenues & Volume, By Glass Fiber Type, 2021 - 2031 |
8.2 Canada Glass Fiber Yarn Market, Revenues & Volume, By Yarn Type, 2021 - 2031 |
8.3 Canada Glass Fiber Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
8.4 Canada Glass Fiber Yarn Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
9 North America Glass Fiber Yarn Market Key Performance Indicators |
10 North America Glass Fiber Yarn Market - Opportunity Assessment |
10.1 North America Glass Fiber Yarn Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Glass Fiber Yarn Market Opportunity Assessment, By Glass Fiber Type, 2021 & 2031F |
10.3 North America Glass Fiber Yarn Market Opportunity Assessment, By Yarn Type, 2021 & 2031F |
10.4 North America Glass Fiber Yarn Market Opportunity Assessment, By Application, 2021 & 2031F |
10.5 North America Glass Fiber Yarn Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
11 North America Glass Fiber Yarn Market - Competitive Landscape |
11.1 North America Glass Fiber Yarn Market Revenue Share, By Companies, 2024 |
11.2 North America Glass Fiber Yarn Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |