Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), 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: ETC4603897 | Publication Date: Jul 2023 | Updated Date: Aug 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Africa Glass Fiber Yarn market |
Forecast period | 2024-2030 |
CAGR | 9.2% |
Growing Sector | Construction |
The Africa Glass Fiber Yarn market report thoroughly covers the market by glass fiber type, by yarn type, by application, by end-use industry and by countries. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Glass Fiber Yarn Market is valued at approximately $210 million in 2024 and is projected to grow at a CAGR of 9.2% from 2024 to 2030. This growth is driven by increasing applications of glass fiber yarn in industries such as automotive, construction, aerospace, and marine, where it is valued for its strength, lightweight properties, and resistance to corrosion and heat. By 2030, the market size is expected to reach around $310 million, supported by advancements in manufacturing techniques, the rising demand for composite materials, and a growing focus on sustainable and efficient production processes across the continent.
The Africa Glass Fiber Yarn Market is experiencing growth driven by increasing demand across various sectors such as construction, automotive, and aerospace. Glass fiber yarn is valued for its high strength, durability, and resistance to environmental factors, making it ideal for reinforcing composite materials. The construction industry, in particular, is expanding due to infrastructure development and urbanization, which bolsters the demand for glass fiber yarn in reinforced concrete and other applications. Additionally, advancements in manufacturing technologies and the growing adoption of lightweight, high-performance materials in the automotive and aerospace sectors are contributing to market expansion. However, challenges such as fluctuating raw material prices and competition from alternative materials may impact market dynamics.
According to 6Wresearch, Africa Glass Fiber Yarn market size is projected to grow at a CAGR of 9.2% during 2024-2030. The growth of the Africa Glass Fiber Yarn Market is primarily driven by the burgeoning construction industry, which increasingly utilizes glass fiber yarn for its high strength and durability in reinforced concrete and other structural applications. Additionally, the automotive and aerospace sectors are expanding their use of glass fiber yarn to enhance the performance and fuel efficiency of vehicles and aircraft. Technological advancements in manufacturing processes, which improve the quality and reduce the cost of glass fiber yarn, further support market growth. Moreover, the rising focus on sustainable and lightweight materials, coupled with increased infrastructure development across the continent, fuels the demand for glass fiber yarn.
Government initiatives in Africa are increasingly focusing on infrastructure development and industrialization, which positively impact the Glass Fiber Yarn Market. Many countries are investing in large-scale construction projects, such as roads, bridges, and housing, which require high-performance materials like glass fiber yarn for reinforcement. Additionally, various governments are supporting manufacturing sectors through incentives and subsidies, fostering advancements in production technologies and material innovation. Policies aimed at improving sustainability and energy efficiency also drive the adoption of glass fiber yarn in green building practices and lightweight automotive components. Consistently, these actions have boosted the Africa Glass Fiber Yarn Market Share. Additionally, these initiatives collectively bolster the growth and expansion of the glass fiber yarn market across the continent.
Key companies in the Africa Glass Fiber Yarn Market include global leaders such as Owens Corning, Saint-Gobain Vetrotex, and Jushi Group, which dominate with their extensive product portfolios and advanced manufacturing technologies. Regional players like Afripipes and Texcraft Industries are also significant, providing tailored solutions to meet local market needs. These companies are known for their innovation in glass fiber yarn products, focusing on enhancing performance, quality, and sustainability. In addition, the businesses’ grasp massive Africa Glass Fiber Yarn Market Revenues. Further, their strategic investments in production facilities and research and development efforts play a crucial role in meeting the growing demand across various sectors, from construction to automotive.
The future of the Africa Glass Fiber Yarn Market looks promising, with anticipated growth driven by increasing infrastructure projects, technological advancements, and a shift towards lightweight, high-performance materials. As urbanization and industrialization continue to accelerate, the demand for durable and sustainable construction materials will likely rise. Innovations in glass fiber yarn manufacturing, such as improved strength-to-weight ratios and enhanced environmental resistance, are expected to drive market expansion. Additionally, the adoption of glass fiber yarn in emerging applications, including renewable energy and advanced automotive components, will further fuel market growth. Continued government support and investments in infrastructure are also anticipated to play a significant role in shaping the market's future trajectory.
According to Ravi Bhandari, Research Head, 6Wresearch, the Africa Glass Fiber Yarn Market serves a diverse range of end users, each benefiting from its unique properties. In the wind energy sector, glass fiber yarn is crucial for producing strong, lightweight turbine blades. The automotive and transportation industries use it to enhance the strength and durability of lightweight components, improving fuel efficiency and performance. In building and construction, it reinforces concrete and composite materials for infrastructure projects. The marine industry relies on glass fiber yarn for its corrosion resistance in boat and ship manufacturing. Electrical and electronics applications utilize it for its insulating properties in various components. Additionally, other sectors, including aerospace and recreational goods, use glass fiber yarn for its versatility and performance characteristics.
In the Africa Glass Fiber Yarn Market, key countries driving growth include South Africa, Nigeria, and Kenya. South Africa stands out as a major player with its advanced industrial infrastructure and growing construction sector, which significantly boosts demand for glass fiber yarn. Nigeria, with its rapid urbanization and large-scale infrastructure projects, represents a substantial market for reinforcing materials in construction and automotive applications. Kenya is emerging as a significant market due to its expanding industrial base and infrastructural developments, which increase the need for high-performance materials like glass fiber yarn. Collectively, these countries are pivotal in shaping the market dynamics and driving the regional growth of glass fiber yarn.
The Africa Glass Fiber Yarn market report provides a detailed 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 Africa Glass Fiber Yarn Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Glass Fiber Yarn Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Glass Fiber Yarn Market - Industry Life Cycle |
3.4 Africa Glass Fiber Yarn Market - Porter's Five Forces |
3.5 Africa Glass Fiber Yarn Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Glass Fiber Yarn Market Revenues & Volume Share, By Glass Fiber Type, 2020 & 2030F |
3.7 Africa Glass Fiber Yarn Market Revenues & Volume Share, By Yarn Type, 2020 & 2030F |
3.8 Africa Glass Fiber Yarn Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.9 Africa Glass Fiber Yarn Market Revenues & Volume Share, By End-use Industry, 2020 & 2030F |
4 Africa Glass Fiber Yarn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Glass Fiber Yarn Market Trends |
6 Africa Glass Fiber Yarn Market, 2020 - 2030 |
6.1 Africa Glass Fiber Yarn Market, Revenues & Volume, By Glass Fiber Type, 2020 - 2030 |
6.2 Africa Glass Fiber Yarn Market, Revenues & Volume, By Yarn Type, 2020 - 2030 |
6.3 Africa Glass Fiber Yarn Market, Revenues & Volume, By Application, 2020 - 2030 |
6.4 Africa Glass Fiber Yarn Market, Revenues & Volume, By End-use Industry, 2020 - 2030 |
7 South Africa Glass Fiber Yarn Market, 2020 - 2030 |
7.1 South Africa Glass Fiber Yarn Market, Revenues & Volume, By Glass Fiber Type, 2020 - 2030 |
7.2 South Africa Glass Fiber Yarn Market, Revenues & Volume, By Yarn Type, 2020 - 2030 |
7.3 South Africa Glass Fiber Yarn Market, Revenues & Volume, By Application, 2020 - 2030 |
7.4 South Africa Glass Fiber Yarn Market, Revenues & Volume, By End-use Industry, 2020 - 2030 |
8 Nigeria Glass Fiber Yarn Market, 2020 - 2030 |
8.1 Nigeria Glass Fiber Yarn Market, Revenues & Volume, By Glass Fiber Type, 2020 - 2030 |
8.2 Nigeria Glass Fiber Yarn Market, Revenues & Volume, By Yarn Type, 2020 - 2030 |
8.3 Nigeria Glass Fiber Yarn Market, Revenues & Volume, By Application, 2020 - 2030 |
8.4 Nigeria Glass Fiber Yarn Market, Revenues & Volume, By End-use Industry, 2020 - 2030 |
9 Kenya Glass Fiber Yarn Market, 2020 - 2030 |
9.1 Kenya Glass Fiber Yarn Market, Revenues & Volume, By Glass Fiber Type, 2020 - 2030 |
9.2 Kenya Glass Fiber Yarn Market, Revenues & Volume, By Yarn Type, 2020 - 2030 |
9.3 Kenya Glass Fiber Yarn Market, Revenues & Volume, By Application, 2020 - 2030 |
9.4 Kenya Glass Fiber Yarn Market, Revenues & Volume, By End-use Industry, 2020 - 2030 |
10 Rest of Africa Glass Fiber Yarn Market, 2020 - 2030 |
10.1 Rest of Africa Glass Fiber Yarn Market, Revenues & Volume, By Glass Fiber Type, 2020 - 2030 |
10.2 Rest of Africa Glass Fiber Yarn Market, Revenues & Volume, By Yarn Type, 2020 - 2030 |
10.3 Rest of Africa Glass Fiber Yarn Market, Revenues & Volume, By Application, 2020 - 2030 |
10.4 Rest of Africa Glass Fiber Yarn Market, Revenues & Volume, By End-use Industry, 2020 - 2030 |
11 Africa Glass Fiber Yarn Market Key Performance Indicators |
12 Africa Glass Fiber Yarn Market - Opportunity Assessment |
12.1 Africa Glass Fiber Yarn Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Glass Fiber Yarn Market Opportunity Assessment, By Glass Fiber Type, 2020 & 2030F |
12.3 Africa Glass Fiber Yarn Market Opportunity Assessment, By Yarn Type, 2020 & 2030F |
12.4 Africa Glass Fiber Yarn Market Opportunity Assessment, By Application, 2020 & 2030F |
12.5 Africa Glass Fiber Yarn Market Opportunity Assessment, By End-use Industry, 2020 & 2030F |
13 Africa Glass Fiber Yarn Market - Competitive Landscape |
13.1 Africa Glass Fiber Yarn Market Revenue Share, By Companies, 2023 |
13.2 Africa Glass Fiber Yarn Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |