The Growing Demand for Glass Fiber Yarn in the Construction Industry

Glass Fiber Yarn Market Poised to Reach US$ 3.5 Billion by 2027 - Exclusive Report by MarketsandMarkets™ Glass Fiber Yarn Market by Fiber Type (E-glass type, S-glass type), Yarn Type (Single Yarn, Piled yarn), Application (PCB, Façade, Marble & Mosaic Tiles, Structural parts), End-use Industry and Region The report "Glass Fiber Yarn Market by Fiber Type (E-glass type, S-glass type), Yarn Type (Single Yarn, Piled yarn), Application (PCB, Façade, Marble & Mosaic Tiles, Structural parts), End-use Industry and Region - Global Forecast to 2027", is estimated to be USD 2.5 billion in 2022 and is projected to reach USD 3.5 billion by 2027, at a CAGR of 6.5% between 2022 and 2027. The glass fiber yarn market is segmented into five major regions, namely, Asia Pacific, Europe, North America, South America, and the Middle East & Africa. Asia Pacific is the largest market for glass fiber yarn market, followed by North America and Europe. The market in Asia Pacific is driven by the high economic growth rate, followed by heavy investments in energy, infrastructure, and automotive industries. Another factor impacting the glass fiber yarn market is the increasing population in Asian countries such as China and India. The region accounts for almost one-third of the global GDP measured in terms of purchasing power parity (PPP). Various companies are shifting their production units to the region because of the low cost of production and proximity to emerging markets such as India, Thailand, Indonesia, and Malaysia.

The Growing Demand for Glass Fiber Yarn in the Construction Industry

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