Product Code: ETC4498945 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India glass fiber yarn market import shipment demonstrated a robust Compound Annual Growth Rate (CAGR) of 12.4% from 2020 to 2024. However, the growth rate tapered slightly between 2023 and 2024, showing a marginal increase of 0.6%. Overall, the market expanded steadily with a positive growth trajectory, indicating a stable and upward trend in the import shipment figures.
The India glass fiber yarn market has witnessed significant growth due to the versatility and strength of glass fibers. These fibers are used in various industries, including construction, aerospace, and automotive, where their lightweight and high-strength properties are advantageous. The expansion of these industries and the need for reliable materials have contributed to the market`s expansion.
The India glass fiber yarn market is experiencing growth due to the expanding use of glass fiber-reinforced composites in various industries. These yarns provide excellent strength and resistance to corrosion, making them ideal for applications in construction, automotive, and aerospace. The market is driven by the increasing adoption of composites in these sectors and the emphasis on reducing the weight of components to enhance fuel efficiency and performance.
The glass fiber yarn market encounters challenges related to the need for consistent quality and performance in the manufacturing of glass fiber yarn. Meeting the specific requirements of different industries, including construction and composites, is demanding. Ensuring the durability and mechanical properties of glass fiber yarn is vital. The competitive landscape and cost pressures from alternative materials further influence the market. Environmental regulations and sustainability requirements add complexity to the industry.
The glass fiber yarn market saw a temporary decline due to the pandemic`s impact on construction and manufacturing. However, the long-term prospects remain favorable as industries seek durable and cost-effective materials for reinforcement and insulation.
Key players in the India glass fiber yarn market include AGY Holding Corp, Nippon Electric Glass Co., Ltd., and PPG Industries.
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 India Glass Fiber Yarn Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Glass Fiber Yarn Market Revenues & Volume, 2021 & 2031F |
3.3 India Glass Fiber Yarn Market - Industry Life Cycle |
3.4 India Glass Fiber Yarn Market - Porter's Five Forces |
3.5 India Glass Fiber Yarn Market Revenues & Volume Share, By Glass Fiber Type, 2021 & 2031F |
3.6 India Glass Fiber Yarn Market Revenues & Volume Share, By Yarn Type, 2021 & 2031F |
3.7 India Glass Fiber Yarn Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Glass Fiber Yarn Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 India Glass Fiber Yarn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction and infrastructure development projects in India, leading to increased demand for glass fiber yarn in applications such as reinforcement and insulation. |
4.2.2 Rising awareness about the benefits of glass fiber yarn, such as high strength, lightweight, and corrosion resistance, driving its adoption in various industries. |
4.2.3 Government initiatives promoting the use of sustainable and eco-friendly materials, boosting the demand for glass fiber yarn as a green alternative. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the production costs of glass fiber yarn, potentially impacting its affordability and competitiveness in the market. |
4.3.2 Lack of standardized quality control measures in the glass fiber yarn industry leading to issues related to product consistency and performance. |
4.3.3 Competition from alternative materials like carbon fiber and aramid fiber limiting the market growth potential of glass fiber yarn. |
5 India Glass Fiber Yarn Market Trends |
6 India Glass Fiber Yarn Market, By Types |
6.1 India Glass Fiber Yarn Market, By Glass Fiber Type |
6.1.1 Overview and Analysis |
6.1.2 India Glass Fiber Yarn Market Revenues & Volume, By Glass Fiber Type, 2021-2031F |
6.1.3 India Glass Fiber Yarn Market Revenues & Volume, By E-Glass type, 2021-2031F |
6.1.4 India Glass Fiber Yarn Market Revenues & Volume, By S-Glass type, 2021-2031F |
6.2 India Glass Fiber Yarn Market, By Yarn Type |
6.2.1 Overview and Analysis |
6.2.2 India Glass Fiber Yarn Market Revenues & Volume, By Single Yarn, 2021-2031F |
6.2.3 India Glass Fiber Yarn Market Revenues & Volume, By Piled yarn, 2021-2031F |
6.3 India Glass Fiber Yarn Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Glass Fiber Yarn Market Revenues & Volume, By PCB, 2021-2031F |
6.3.3 India Glass Fiber Yarn Market Revenues & Volume, By Facade, 2021-2031F |
6.3.4 India Glass Fiber Yarn Market Revenues & Volume, By Marble & Mosaic Tiles, 2021-2031F |
6.3.5 India Glass Fiber Yarn Market Revenues & Volume, By Structural parts, 2021-2031F |
6.4 India Glass Fiber Yarn Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 India Glass Fiber Yarn Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.4.3 India Glass Fiber Yarn Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.4.4 India Glass Fiber Yarn Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.4.5 India Glass Fiber Yarn Market Revenues & Volume, By Marine, 2021-2031F |
6.4.6 India Glass Fiber Yarn Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.4.7 India Glass Fiber Yarn Market Revenues & Volume, By Others, 2021-2031F |
7 India Glass Fiber Yarn Market Import-Export Trade Statistics |
7.1 India Glass Fiber Yarn Market Export to Major Countries |
7.2 India Glass Fiber Yarn Market Imports from Major Countries |
8 India Glass Fiber Yarn Market Key Performance Indicators |
8.1 Adoption rate of glass fiber yarn in key industries such as automotive, aerospace, construction, and wind energy. |
8.2 Number of new product developments or innovations in glass fiber yarn technology enhancing its performance characteristics. |
8.3 Investment trends in RD activities focused on improving the manufacturing processes and properties of glass fiber yarn. |
9 India Glass Fiber Yarn Market - Opportunity Assessment |
9.1 India Glass Fiber Yarn Market Opportunity Assessment, By Glass Fiber Type, 2021 & 2031F |
9.2 India Glass Fiber Yarn Market Opportunity Assessment, By Yarn Type, 2021 & 2031F |
9.3 India Glass Fiber Yarn Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Glass Fiber Yarn Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 India Glass Fiber Yarn Market - Competitive Landscape |
10.1 India Glass Fiber Yarn Market Revenue Share, By Companies, 2024 |
10.2 India Glass Fiber Yarn Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |