E-glass Fiber Yarn & Roving Market Analysis

E-glass Fiber Yarn & Roving Market Analysis

To get key market trends

  Download Free Sample

The fiber roving segment will capture USD 13.92 billion and demonstrate a 6.8% CAGR till 2032. The E-glass fiber yarn and roving market is segmented primarily into two product categories: Fiber Yarn and Fiber Roving. Fiber Yarn is widely used in applications requiring high tensile strength and flexibility, making it ideal for reinforcing composites in the automotive and aerospace industries. This segment benefits from increasing demand for lightweight, high-strength materials. On the other hand, Fiber Roving is utilized in processes like pultrusion and filament winding, where its bulk and continuous length provide structural reinforcement and enhanced durability. The demand for Fiber Roving is driven by its application in construction, marine, and wind energy sectors. Both product categories are experiencing growth due to advancements in manufacturing technologies and an expanding range of applications.
 

The automotive and transport segment held an 23.2 % market share in 2023, amounting to USD 1.96 billion, and is projected to grow at a 5.7% CAGR from 2024 to 2032. Due to the increasing demand for impact resistant, low weight and durable materials in the development of commercial aircraft. These products are served in the fighter aircrafts construction owing to their high load bearing structures and exceptional low weight which enables the aircraft to carry more weapons and increases mission’s effectiveness. Furthermore, it is used in flooring, seating, cargo liners and other cabin interior parts as they provide superior electrical insulation. Growing R&D innovations have increased the usage of glass fiber composites in fighter aircraft owing to their high tensile strength and stability in space environment which is likely to boost E-glass fiber yarn & roving market size.  
 

Global E-glass fiber roving market size from wind energy application is likely to witness growth due to high strength at low weight which increases rotor blades efficiency and duration. These products are widely used in large wind turbines manufacturing for different geographies and climatic conditions in a cost-effective way which is expected to be a major driving factor for the market growth with rising demand for renewable energy sources from across the globe. Significant growth in wind energy consumption and increasing demand for lightweight turbine components to facilitate transportation at low accessibility areas may accelerate market demand.

Asia Pacific E-glass fiber yarn & roving industry is projected to achieve USD 10 billion, with a CAGR of 7.3% from 2024 to 2032. Asia Pacific, led by India, China, South Korea and Japan E-glass fiber yarn & roving market experiencing growth due to the high penetration and huge growth in the construction industry. Rapid urbanization along with rising demand from automotive & transport, construction, and industrial applications pertaining to its superior capabilities shall propel market size. Additionally, increasing energy efficient products demand and growth in automobile production in India is projected to have a positive impact on the market growth. Europe market demand driven by Germany, UK, France, Italy and Spain may witness significant gains during the forecasted timespan pertaining to the significant growth in automotive industry and increasing lightweight product usage in automotive body parts. Increasing technological advancements have enabled manufacturers to produce sustainable substitutes to plastics and metals which is likely to induce the E-glass fiber regional market growth.