Lucintel's latest market report analyzed that glass fiber yarn provides attractive opportunities in the electrical &electronic, aerospace, automotive, and construction markets. The glass fiber yarn market is expected to reach $3.7 billion by 2028 with a CAGR of 5.8%. In this market, E yarn is the largest segment by grade type, whereas facade is largest by application.
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Based on grade type, the glass fiber yarn market is segmented into E yarn, C yarn, and S yarn. The E yarn segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing demand for novel electronics that has resulted in increased demand for printed circuit boards with high-performance chipsets and rising penetration of electrical fiberglass for modern telecommunications and data processing systems.
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The Glass Fiber Yarn Market is marked by the presence of several big and small players. Some of the prominent players offering glass fiber yarn include AGY Holding, Chongqing Polycomp, Fiber-line, Fibtex Products, China Jushi, Newtex Industries, Nippon Electric Glass, Nitto Boseki, PFG Fiber Glass, Saint-Gobain Performance, and Taiwan Glass Industry.
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