Rising Focused on Wind Energy Generation to Complement Market Growth of Fiberglass Yarn Manufacturers, States Fact.MR

2022-09-02 19:12:33 By : Ms. Anna Lan

Use of e-glass fiberglass in several end-use industries such as aerospace and electrical to offer opportunities to fiberglass yarn manufacturers.

United States, Rockville MD, Aug. 30, 2022 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global fiberglass yarn market is valued at US$ 3.5 billion in 2022 and is expected to expand at 4.9% CAGR during the forecast years of 2022-2032.

A growing number of wind energy projects across the world has created a lucrative opportunity for fiberglass yarn manufacturers. Properties of fiberglass such as high tensile strength and temperature resistance make it suitable for use in wind energy.

The electrical and electronics sector is set to progress at a healthy CAGR over the coming years. Developing economies across the world have witnessed a rise in the use of electrical appliances. The growing construction industry across the world has been the prime factor for the demand growth for electrical circuit boards. The use of fiberglass yarn in industrial applications as it gives strength to various products has increased over the years.

Get Sample PDF of This Research Report with Detailed Table of Content:

https://www.factmr.com/connectus/sample?flag=S&rep_id=4259

Growing Integration of Fiberglass Yarn in Electronic Materials

E-glass yarn is used in a majority of printed circuit boards, which is layered and added with a variety of resins such as epoxy, melamine, phenolic, etc. The end product acts as a backbone for printed circuit boards. Fiberglass is used in printed circuit boards to facilitate corrosion resistance, thermal conductivity, and dimensional stability, which are all critical for the performance of the end product.

Fiberglass yarn has properties such as low elongation, good mechanical strength, and thermal resistance, owing to which, fiberglass is the perfect yarn for use in many electrical components. Fiberglass yarn is widely used by the manufacturers of motors and transformers for several applications in electrical, electronic, defence, aerospace, marine, and lighting. Fiberglass sleeving is perfectly suitable for high and low temperatures, and also voltage.

Key Takeaways from Market Study

The global fiberglass yarn market is projected to expand at a CAGR of 4.9% to be valued at US$ 5.68 billion by 2032.

The market expanded at 3.3% CAGR between 2017 and 2021.

Under end-use industry, electronics and electrical will dominate the fiberglass yarn market with 41.8% share in 2022.

Together, aerospace and automotive dominate the market with over 40% market share.

East Asia dominates the global market with 28.7% share in 2021.

Sales of fiberglass yarn are projected to rise at 5.8% and 5.3%, respectively, in East Asia and South Asia & Oceania.

https://www.factmr.com/connectus/sample?flag=AE&rep_id=4259

Segmentation of Fiberglass Yarn Industry Research

Quick Buy – Fiberglass Yarn Market Research Report: https://www.factmr.com/checkout/4259

Prominent fiberglass yarn manufacturers are AGY Holding Corp, Chongqing Polycomp International Corporation (CPIC), Fber-line, Fibtex Product, Jushi Group Co. Ltd, Newtex, Nippon Electric Glass Co. Ltd, Nitto Boseki Co. Ltd., PFG Fiber Glass Corporation, Saint-Gobain Performance Plastics, and Taiwan Glass Ind. Corp.

Leading manufacturers in the fiberglass yarn market are looking to manufacture products that can be applied in several end-use industries such as aerospace, automotive, construction, wind energy, etc. The properties of fiberglass such as tensile strength and temperature resistance are proven to be useful in various industries. Manufacturers are also looking to increase their customer base by adopting merger and acquisition strategies.

In 2019, PolyOne, a global provider of specialized polymer materials, acquired Fiber-Line, a customized engineered fiber and composites materials company, for US$ 120 million.

The fiberglass yarn market has witnessed huge demand from end-use industries such as aerospace, automotive, electronics, and electrical. Rising use of fiberglass in the aerospace industry in developing countries such as China and India and the growing automotive industry across the world have created a positive environment for fiberglass yarn suppliers.

Leading players in the market have been focusing on producing fiberglass yarn for different end-use industries. Also, some market players have adopted merger and acquisition strategies to increase their production capacity as well as presence in untapped markets, which will thereby help increase product margins.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global fiberglass yarn market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on product type (fine yarn, ultra-fine yarn), grade type (E yarn, C yarn, S yarn, others), and end-use industry (electrical & electronics, aerospace, automotive, construction, others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Check out more related studies published by Fact.MR Research:  Fiberglass Fabric Market : The global fiberglass fabric market is currently valued at US$ 10.27 billion and is predicted to expand at a high CAGR of 7.2% to reach US$ 20.69 billion by 2032.

A major factor fuelling market expansion is the surge in demand for fiberglass fabric to be used in creating lightweight, long, and effective rotor blades for wind energy systems that have good corrosion resistance and electrical and thermal insulation qualities.

Fiberglass Mat Market : Fiberglass mat has expanded its scope owing to the steady demand from various end-use industries like automotive, construction & infrastructure and aerospace industries Fiberglass mat offers various advantages including low weight, high surface binding, low resin consumption, environmentally friendly and others. Thus, the above mentioned factors are poised to drive the global Fiberglass mat market with a single-digit CAGR over the forecast period.

Fiberglass Resin Market : Fiberglass resin is very much useful in construction materials because of its durability and extraordinary adhesive properties. With the increasing demand for insulated walls and roof, the fiberglass resin market also set to increase its demand in the market. Low heat transfer and low dielectric constant property make fiberglass resin more demandable in the uses of insulated walls and roofs. The demand for fiberglass resin is expected to increase with the increasing awareness of renewable energy.

Fiberglass Coated Fabric Market : The fiberglass coated fabric is a substance made up of glass filament that is woven into a surface to trap air pockets. The fiberglass coated fabric has a low thickness and a high level of warmth security. With the increasing demand of Wind energy as the renewable energy is increasing hence increasing the demand of fiberglass coated fabric in the market as fiberglass coated fabric has its application in the formation of wind turbine and make the blades more efficient.

Glass Coatings Market : Glass coatings contain particles of silicon dioxide along with hard resin and are used to repel contamination and maintain the aesthetic appearance of various objects. They are not made of glass but contain silica, which is used in the making of glass.The global glass coatings market is projected to witness significant growth during the forecast period, owing to the increasing demand for glass coatings from various industries such as automotive, aerospace, marine, aviation, building and construction.

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.  Contact:  Mahendra Singh  US Sales Office:  11140 Rockville Pike  Suite 400  Rockville, MD 20852  Email: sales@factmr.com   Tel: +1 (628) 251-158

Nio's August deliveries soared year over year, but there are plenty of clouds on the horizon too.

(Bloomberg) -- Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm. Most Read from BloombergGlobal Bonds Tumble Into Their First Bear Market in a GenerationLukoil Chairman Ravil Maganov Dies After Falling From Hospital WindowPutin Brings China and India to Russia for War Games Defying USElizabeth Holmes Judge Upholds Convi

Yahoo Finance Live anchors discuss Ford after the company reported a slowdown in new vehicle sales for August.

Yahoo Finance's Pras Subramanian reports live from Rivian's first, newly opened service center on the East Coast on how the company plans to expand across the U.S. by 2023.

Five years after Amazon announced that it would buy supermarket chain Whole Foods for $13.7 billion, a big new change has just taken place -- on September 1, incoming chief executive Jason Buechel is taking over for John Mackey. "As a co-founder of Whole Foods, I've often explained my relationship to the company with a parent-child metaphor," Buechel wrote in a letter announcing his retirement to Whole Foods Staff in September 2021. The transition took nearly a year and, now, former Chief Operating Officer Jason Buechel is stepping in to lead the high-end supermarket chain.

FRANKFURT/GDANSK (Reuters) -Russia has scrapped a Saturday deadline to resume flows via a major gas supply route to Germany, deepening Europe's difficulties in securing winter fuel, after saying it had found faults in the Nord Stream 1 pipeline during maintenance. Nord Stream 1, which runs under the Baltic Sea, had been due to resume operating at 0100 GMT on Saturday after a three-day halt for maintenance. But Gazprom, the state-controlled firm with a monopoly on Russian gas exports via pipeline, said on Friday it could not safely restart deliveries until it had fixed an oil leak found in a vital turbine.

SEOUL/DETROIT (Reuters) -After grabbing the No. 2 spot in the U.S. electric vehicle market with stylish, long-range models, Hyundai Motor and Kia are the automakers with the most to lose from new rules that halt subsidies for EVs made outside North America. These two companies, which make the popular Ioniq 5 and EV6 models, sold more than 39,000 EVs in the United States between January and July – doubling last year's sales and blowing past Ford Motor Co, Volkswagen AG and General Motors Co. But the Inflation Reduction Act signed into law by U.S. President Joe Biden last month excludes Hyundai Motor Co and its affiliate Kia Corp from federal tax credits because they don't yet make EVs in North America, knocking their EV ambitions in the short term at least, a Hyundai official, parts suppliers, analysts and car dealers said.

(Bloomberg) -- The US government’s new restrictions on the ability of Nvidia Corp. to sell artificial intelligence chips to Chinese customers threatens to deal a heavy blow to the country’s development of a sweeping range of cutting-edge technologies.Most Read from BloombergGlobal Bonds Tumble Into Their First Bear Market in a GenerationLukoil Chairman Ravil Maganov Dies After Falling From Hospital WindowPutin Brings China and India to Russia for War Games Defying USElizabeth Holmes Judge Uphold

Follow Buffett’s lead. And collect big dividends too.

President of the Association of Flight Attendants CWA Sara Nelson joins Yahoo Finance Live to discuss the August jobs report and how it affects the airline industry, grappling with labor shortages, travel demand, flight delays and cancellations.

While more than three in 10 U.S. retirees say they would be motivated to rejoin the workforce if inflation continued to eat into their savings, 43% of retirees see their age as a barrier to getting a new job. According to an American Staffing Association survey, the fear of ageism poses a barrier to retirees contemplating un-retirement. Overall, 14% of current retirees said they are open to or actively looking for work.

(Bloomberg) -- Google employees are ratcheting up pressure on the internet-search giant to abandon its artificial intelligence work with the Israeli government, planning public demonstrations to draw greater attention to the controversial cloud-computing contract.Most Read from BloombergGlobal Bonds Tumble Into Their First Bear Market in a GenerationLukoil Chairman Ravil Maganov Dies After Falling From Hospital WindowPutin Brings China and India to Russia for War Games Defying USElizabeth Holmes

(Bloomberg) -- In a dusty corner of Oklahoma, close to where Erle Halliburton founded his eponymous oil services empire 103 years ago, a group of workers shows why US oil production growth has been underwhelming in spite of a price boom.Most Read from BloombergGlobal Bonds Tumble Into Their First Bear Market in a GenerationLukoil Chairman Ravil Maganov Dies After Falling From Hospital WindowPutin Brings China and India to Russia for War Games Defying USElizabeth Holmes Judge Upholds Conviction i

The auto maker reported a fourfold surge in electric-vehicle sales amid strong interest in its all-electric F-150 Lightning truck.

The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo further maintenance, Gazprom said on Friday after scrapping a Saturday deadline to resume flows, deepening Europe's difficulties in securing fuel. Gazprom was already undergoing maintenance from Aug. 31-Sept. 2, prompting concerns about supply to Europe ahead of the onset of winter if the outage was extended. Russia slashed flows through the pipeline to 40% of capacity in June and to 20% in July.

Crescent Point Energy CPG is a leading North American oil producer focused on the development of high-return resource plays. In this daily bar chart of CPG, below, we can see that prices have traveled higher the past 12 months and dips to the rising 200-day moving average line have been buying opportunities. The On-Balance-Volume (OBV) line shows a one-year rise and confirms the price gains we have seen.

Piedmont Lithium CEO Keith Phillips recently spoke with the Charlotte Business Journal about the company's pursuit of state approval for its proposed Gaston County mining and processing operation, other projects and more.

Recent monthly jobs reports are stretching credulity. Evidence suggests recession may be close at hand.

Nord Stream 1, which runs under the Baltic Sea to supply Germany and others, had been due to resume operating after a three-day halt for maintenance on Saturday at 0100 GMT. But Gazprom, the state-controlled firm with a monopoly on Russian gas exports via pipeline, said on Friday it could no longer provide a timefrme for restarting deliveries after finding an oil leak that meant a pipeline turbine could not run safely. Moscow has blamed sanctions, imposed by the West after Russia invaded Ukraine, for hampering routine operations and maintenance of Nord Stream 1.

CHICAGO (Reuters) -More farm equipment dealers are going out of business, leaving a handful of companies with control of a large swathe of the market and greater ability to set prices for selling and repairing equipment, according to interviews with farmers, equipment dealers and analysts. In Montana, a state the size of Germany, only three Deere & Co. dealerships remain compared to around 30 two decades ago, according to the state Farmers Union. Local barley farmer Erik Somerfeld said one dealer network dominates all sales and repairs for rival equipment maker CNH Industrial.