According to a Global Market Insights, Inc. report. Growing demand for high-performance fiber glass along with increasing technological advancements in development of lightweight materials for manufacturing automotive parts such as brake pads, drive belts, clutch discs will fuel the industry growth. E-glass fiber market has extensive application as additives in various in automotive & transport, building & construction, aerospace, marine, pipes & tanks, wind energy and industrial sectors as they result in cost effective, lightweight products with low manufacturing cost and superior durability.
Pipes & tanks application demand in E-glass fiber roving industry may witness significant gains with a consumption of over 950 kilo tons by 2025 pertaining to the growing demand for economical, and corrosion resistant materials.
These materials are used as a desirable substitute to steel, concrete and other metals on account of their ability to withstand temperature fluctuations and presence of a smoother inner surface which enables optimal flow of liquid, further will fuel product demand.
U.S. E-glass fiber yarn market growth may exhibit gains close to 4% during the projected time period owing to high disposable income which has enhanced electronic devices expenditure in the country. Germany E-glass fiber roving market size is poised to surpass USD 455 million up to 2025 with increasing usage of the product in aerospace manufacturing industry.
China E-glass fiber roving industry demand is projected to increase at around 5.5% in the anticipated timespan due to rising penetration building & construction industry in the country. Increasing population and demand for effective insulation materials from construction industry is projected to drive the E-glass fiber regional industry demand.
Post time: Apr-12-2021