North America E-Glass Yarn Market

Market Overview

The North American E-Glass yarn market size was valued at USD 642 million in 2021 and is projected to reach USD 962 million by 2030, registering a CAGR of 3.6% during the forecast period (2022-2030).

Highlights

• Piled yarn dominates the market by yarn type.
• The other segments dominate the market by grade. 
• Building and construction dominate the market by end-user.

E-Glass fiberglass yarns are the most basic binding element in all electrical insulations and fireproofing systems. E-glass fiber, also known as electrical grade yarn, is widely used in the aerospace, construction, industrial, wind energy, pipes and tanks, electrical and electronics, and automotive industries due to its exceptional properties, which make it capable of enhancing the overall performance of the product while providing properties such as electrical insulation, dimensional stability, and fire resistance.

The North American market for E-glass yarn is anticipated to expand owing to rising demand from the pipe and tank, aerospace, renewable energy, automotive and transportation, construction, and industrial sectors. These items are inexpensive and lightweight and possess exceptional tensile strength, flexibility, thermal resistance, and electrical resistance.

Market Dynamics

North America E-Glass Yarn Market Drivers

Demand for E-glass Yarn in the Construction Sector

The construction industry has expanded as governments prioritize infrastructure development after the pandemic. Increased demand for E-glass yarn products is a consequence of the need to increase the durability and integrity of structural components. These E-glass yarns provide superior thermal and electrical insulation, heat resistance, and dimensional stability. E-glass yarn products require less maintenance than traditional wood decking and railings. In addition, they are used to manufacture insulated wall panels, bridge spans, bridge railings, sanitary equipment, doors, and windows.

Demand for Printed Circuits, Semiconductors

Increasing demand for semiconductors and printed circuits, as well as the growth of the telecommunications industry, are anticipated to drive the demand for E-glass fibers. Along with E-glass yarn's primary advantages of outstanding electric conductivity and the capacity for high-speed data transmissions, this is anticipated to fuel the market's growth.

In addition, using knitted fabrics and developing laminates for marble and other natural stone surfaces are major market trends for E-glass yarn. Along with the rising demand for stone laminated, it is anticipated that the elasticity and resistance to all types of forces offered by E-glass fibers in the weaving of fabrics will contribute to the market's growth. 

North America E-Glass Yarn Market Restraints

Issues Regarding E-glass Yarn Recycling

E-glass fabric is an effective insulator. As recycling is difficult, the E-glass textile market faces a significant challenge. When disposing of E-glass yarn material, appropriate disposal methods and using PPE attire are essential for employees' physical safety in the disposal process. Emerging nations lack the necessary infrastructure and recycling practices for the secure disposal of E-glass yarn, resulting in substantial waste.

Capital-Intensive Production and Intricate Manufacturing Process

The production of glass fiber filament is extremely capital-intensive and requires substantial investments. To commercialize the final products, developing new technologies for producing low-cost glass fiber yarns is necessary. Production and development initiatives aim to reduce glass fiber yarns' production costs using innovative technologies and process solutions. According to industry experts, the production procedure for glass fiber yarn is intricate and time-consuming compared to other products. Governments, research labs, and glass fiber manufacturers view the development of low-cost and simple technologies for the commercial production of low-cost fiberglass fiber yarn as a significant challenge.

North America E-Glass Yarn Market Opportunities

Demand for Alternative Fuel Sources

As the world's capacity to produce fossil fuels declines, the demand for alternative fuel sources grows. Wind energy is one of the primary renewable energy sources. Increasing demand for wind energy is driving the growth of the glass fiber yarn market. Glass fiber filament is utilized in wind turbine components. Glass-fiber-constructed wind turbine blades are more durable and resist corrosion and fatigue failure.

The Global Wind Energy Council (GWEC) estimates that by 2035, wind power will account for 25% of the world's electricity production. Wind energy is a viable option for producing power due to its minimal cost. Due to carbon neutrality initiatives, the increasing demand for wind turbine installations worldwide will create new opportunities during the forecast period.

Segmental Analysis

The North America E-glass yarn market is segmented based on yarn type, grade, and end-user.

Based on yarn type, the market is segmented into single yarn and piled yarn.

Piled yarn dominated the market and is expected to register a CAGR of 3.2% over the forecast period.

Based on Grade, the market is segmented into E-68, E-34, and others.

The other segments are expected to dominate the market, registering the highest CAGR of 2.7% over the forecast period.

Based on end-user, the market is segmented into textile, automotive and transportation, building and construction, energy, electronics and electricals, and others.

The building and construction segment dominated the market and is expected to register a CAGR of 4.8% over the forecast period.

Regional Analysis

North America is a significant market and is anticipated to expand at a CAGR of 3.6% during the forecast period. E-glass fabric is frequently used in aerospace applications due to its dimensional stability and temperature resistance. It is naturally combustible and does not emit harmful fumes or haze when heated. Increasing demand for lightweight, fuel-efficient composites with low maintenance costs and load-bearing capacity will drive the North American E-glass yarn market forward.

The U.S.

The U.S. market is anticipated to expand at a CAGR of 3.5% during the forecast period. Rising investment in infrastructure development in the United States, where new public construction accounted for nearly USD 280 billion in 2017, is anticipated to affect the business's expansion positively. The building industry's increasing emphasis on energy conservation is expected to stimulate the growth of E-glass yarns used as insulating materials.

Canada

The Canadian market is anticipated to expand at a CAGR of 4.4% during the forecast period. Advanced materials, such as fiber composites, are essential for enhancing contemporary automobiles' fuel economy, performance, and safety. Since it requires less energy to accelerate a lighter object than a heavier object, lightweight materials present a significant opportunity for enhancing vehicle efficiency. A 10% decrease in vehicle mass can result in a 6-8% improvement in fuel economy.

E-glass fiber composites have grown in popularity over the past few years. One of the reasons for the relative success of fiberglass composite is that it has several advantages. It is resistant to corrosion, possesses high chemical resistance, and is lightweight (three times less dense than steel). The primary applications are bumpers, hoods, and housings. This material is also utilized in V-belts and timing belts, where rubber-impregnated glass fibers serve as reinforcement.

North America E-Glass Yarn Market Segmentation

By Yarn Type

• Single Yarn
• Piled Yarn

By Grade

• E-68
• E-34
• Others

By End-User

• Textile
• Automotive and Transportation
• Building and Construction
• Energy
• Electronics and Electricals
• Others

By Country

• The U.S.
• Canada