Market Forecast 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: ETC4498923 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | Brazil Glass Fiber Yarn Market |
Forecast period | 2025-2031 |
CAGR | 4.6% |
Growing Sector | Construction |
Brazil Glass Fiber Yarn Market Report thoroughly covers the market by Glass Fiber Type, yarn type, Application and End-Use Industry. The Market Outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Brazil Glass Fiber Yarn market has been experiencing substantial growth, driven by the country's expanding construction and automotive industries. This growth is further bolstered by Brazil's ongoing infrastructure development projects and an increased demand for high-performance materials. Glass fiber yarn, known for its durability, heat resistance, and lightweight properties, has become a material of choice for various applications within these sectors. Additionally, advancements in technology and innovation in glass fiber yarn production methods are expected to open new avenues for market expansion in Brazil. However, the market faces challenges such as fluctuating raw material prices and the need for investment in research and development to produce eco-friendly and sustainable products. Nonetheless, the outlook for the Brazil Glass Fiber Yarn market remains positive, with expectations of continued growth and development in the coming years.
According to 6Wresearch, Brazil Glass Fiber Yarn Market is anticipated to rise at a CAGR of 4.6% during the period of 2025-2031. One of the major drivers in the growth of Brazil Glass Fiber Yarn Market is the Brazil’s booming construction industry which relies heavily on glass fiber yarn as this durable and lightweight material is crucial for reinforcing concrete structures, roofing, and insulation which in turn fuels the growth of the market. Additionally, Brazil’s booming automotive sector heavily relies on glass fiber yarn as manufacturers use glass fiber yarn extensively for lightweight and fuel-efficient car parts like bumpers, hoods, and body panels which propels the growth of the market. Furthermore, consumer awareness of environmental impact drives a preference for sustainable materials like recyclable glass fiber yarn over traditional fibers such as cotton and nylon which in turn drives the market growth. Moreover, Glass fiber yarn is a cost-effective substitute for steel and aluminum, finds extensive use across industries and which in turn leads to the growth of the market.
There are also some challenges faced by the Brazil Glass Fiber Yarn Market, such as the lack of skilled labour for the production process for glass fiber yarn which requires specialized skills and knowledge, leads to a higher cost of production, and hinders the market growth. Additionally, high competition from alternative materials such as biodegradable plastics and bamboo fiber may hinder the market growth. Furthermore, the cost of raw materials for manufacturing glass fiber yarn can be volatile, which affects the overall production costs and profitability of manufacturers and can hamper Brazil Glass Fiber Yarn Market Growth.
Some Key Players in the Brazil Glass Fiber Yarn Industry include names like Owens Corning, PPG Industries Inc., Saint-Gobain Vetrotex, Nippon Electric Glass Co. Ltd., Jushi Group Co. Ltd., Chongqing Polycomp International Corporation (CPIC). These companies are actively involved in the production and distribution of glass fiber yarn in Brazil, catering to the growing demand from various industries and they invest in new technologies and innovations to ensure their products remain competitive in the market.
The government initiatives such as offering tax incentives to companies which use eco-friendly materials like glass fiber yarn as it reduces the production costs and encourages more companies to adopt sustainable materials and which in turn fuels the market growth. Additionally, the government provides subsidies for research and development in the glass fiber yarn industry which helps companies to innovate and improve their products and makes them more competitive in the market and this in turn propels the market growth. Furthermore, implementation of green procurement policies which require public entities to prioritize the use of sustainable materials in their construction and infrastructure projects, provides a significant market for companies to produce glass fiber yarn and which in turn drives the growth of the market. Moreover, The National Policy on Solid Waste Management, promotes recycling and reducing the use of non-renewable resources which creates opportunities for companies to produce glass fiber yarn as it can be recycled and reused in various industries and which in turn leads to the growth of the market.
Glass Fiber Yarn Market in Brazil is witnessing significant growth which can be attributed to the growing construction industry. Along with this the growing automotive industry, growing awareness about environmental concerns, cost-effectiveness of glass fiber yarn and the government initiatives such as implementation of green procurement policies which require public entities to prioritize the use of sustainable materials in their construction and infrastructure projects, provides a significant market for companies to produce glass fiber yarn, will lead to the growth of the Brazil Glass Fiber Yarn Market in coming years.
According to Ravi Bhandari, Research Head, 6Wresearch, the E-Glass Type segment is the dominant segment in the industry and will continue to grow in the coming years as it offers high strength and chemical resistance, making it suitable for a wide range of applications such as construction, automotive, and aerospace industries. Moreover, the demand for E-Glass type is also driven by its low cost compared to other types of glass fiber.
Based on Yarn Type, the single yarn segment is the dominant segment in the industry and will continue to grow in the coming years as it offers high strength and are more cost-effective compared to piled yarns. Moreover, single yarn are easier to work with and can be used for various applications such as reinforcement, insulation, and filtration.
Based on Application, the structural parts segment is the dominant segment in the industry and will continue to grow in the coming years due to the increasing demand for lightweight and strong materials for construction and infrastructure development projects in the country as glass fiber yarns are used extensively in the production of concrete reinforcement, roofing materials, and precast components due to their high strength and durability. Moreover, the demand for glass fiber yarn in the construction industry is also driven by government initiatives to promote the use of sustainable and cost-effective materials.
Based on End-Use Industry, the wind energy segment is the dominant segment in the industry due to the country’s increased focus on sustainable energy production and the government's supportive policies for green energy initiatives and due to their strength-to-weight ratio and durability which makes them an indispensable component in the wind energy sector. However, the segment that will continue to grow in the coming years is automotive & transportation segment which is due to the growing automotive industry and the shift towards lightweight materials to enhance fuel efficiency and reduce carbon emissions in vehicles. Moreover, advancements in the production of glass fiber yarn, with an emphasis on sustainability and recycling further leads to the growth of this segment.
The report offers a comprehensive study of the subsequent 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 Brazil Glass Fiber Yarn Market Overview |
3.1 Brazil Country Macro Economic Indicators |
3.2 Brazil Glass Fiber Yarn Market Revenues & Volume, 2021 & 2031F |
3.3 Brazil Glass Fiber Yarn Market - Industry Life Cycle |
3.4 Brazil Glass Fiber Yarn Market - Porter's Five Forces |
3.5 Brazil Glass Fiber Yarn Market Revenues & Volume Share, By Glass Fiber Type, 2021 & 2031F |
3.6 Brazil Glass Fiber Yarn Market Revenues & Volume Share, By Yarn Type, 2021 & 2031F |
3.7 Brazil Glass Fiber Yarn Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Brazil Glass Fiber Yarn Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Brazil Glass Fiber Yarn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Brazil Glass Fiber Yarn Market Trends |
6 Brazil Glass Fiber Yarn Market, By Types |
6.1 Brazil Glass Fiber Yarn Market, By Glass Fiber Type |
6.1.1 Overview and Analysis |
6.1.2 Brazil Glass Fiber Yarn Market Revenues & Volume, By Glass Fiber Type, 2021-2031F |
6.1.3 Brazil Glass Fiber Yarn Market Revenues & Volume, By E-Glass type, 2021-2031F |
6.1.4 Brazil Glass Fiber Yarn Market Revenues & Volume, By S-Glass type, 2021-2031F |
6.2 Brazil Glass Fiber Yarn Market, By Yarn Type |
6.2.1 Overview and Analysis |
6.2.2 Brazil Glass Fiber Yarn Market Revenues & Volume, By Single Yarn, 2021-2031F |
6.2.3 Brazil Glass Fiber Yarn Market Revenues & Volume, By Piled yarn, 2021-2031F |
6.3 Brazil Glass Fiber Yarn Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Brazil Glass Fiber Yarn Market Revenues & Volume, By PCB, 2021-2031F |
6.3.3 Brazil Glass Fiber Yarn Market Revenues & Volume, By Facade, 2021-2031F |
6.3.4 Brazil Glass Fiber Yarn Market Revenues & Volume, By Marble & Mosaic Tiles, 2021-2031F |
6.3.5 Brazil Glass Fiber Yarn Market Revenues & Volume, By Structural parts, 2021-2031F |
6.4 Brazil Glass Fiber Yarn Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Brazil Glass Fiber Yarn Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.4.3 Brazil Glass Fiber Yarn Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.4.4 Brazil Glass Fiber Yarn Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.4.5 Brazil Glass Fiber Yarn Market Revenues & Volume, By Marine, 2021-2031F |
6.4.6 Brazil Glass Fiber Yarn Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.4.7 Brazil Glass Fiber Yarn Market Revenues & Volume, By Others, 2021-2031F |
7 Brazil Glass Fiber Yarn Market Import-Export Trade Statistics |
7.1 Brazil Glass Fiber Yarn Market Export to Major Countries |
7.2 Brazil Glass Fiber Yarn Market Imports from Major Countries |
8 Brazil Glass Fiber Yarn Market Key Performance Indicators |
9 Brazil Glass Fiber Yarn Market - Opportunity Assessment |
9.1 Brazil Glass Fiber Yarn Market Opportunity Assessment, By Glass Fiber Type, 2021 & 2031F |
9.2 Brazil Glass Fiber Yarn Market Opportunity Assessment, By Yarn Type, 2021 & 2031F |
9.3 Brazil Glass Fiber Yarn Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Brazil Glass Fiber Yarn Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Brazil Glass Fiber Yarn Market - Competitive Landscape |
10.1 Brazil Glass Fiber Yarn Market Revenue Share, By Companies, 2024 |
10.2 Brazil Glass Fiber Yarn Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |