Glass fiber yarn is a type of yarn made from strands of glass fibers. It is used in a variety of industrial and commercial applications, such as insulation, fireproofing, filtration and reinforcement. Glass fiber yarn is extremely strong and durable, and is typically used in composite materials, insulation, automotive parts and other industrial products. The demand for glass fiber yarn is increasing due to the increasing demand for lightweight and strong materials. Other applications of glass fiber yarn include rope and twine, textiles, and soundproofing.

The glass fiber yarn market 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. There is a growing demand for glass fiber yarn in applications such as PCB and structural parts. Trends such as miniaturization and increased use of electronics in commercial and consumer products will fuel the growth of the market. Moreover, an increase in the number of wind turbine installations across the world is increasing the demand for glass fiber yarn in turbine blades.

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The construction industry had started to grow since the pandemic as governments across the globe started focusing on infrastructure development. The need to improve the integrity of structural parts and increase the life span have led to the increased demand for glass fiber yarn products. These glass fiber yarn products provide great dimensional stability, heat and water resistance, and thermal and electrical insulation. Glass fiber yarn products offer lower maintenance cost than conventional timber decking and railing products. They are also used in producing architectural facades, insulated wall panels, bridge decks, bridge railings, sanitary fixtures, doors, and windows.

Asia Pacific is witnessing significant infrastructural developments. Hence, the demand for glass fiber yarn in structural applications in the building & construction industry is high. India offers significant opportunities for the growth of the glass fiber yarn market, which can be attributed to the rising construction activities fuelled by government policies. Smart city programs and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) have also influenced construction spending in India.