Will E-Glass Fiber Yarn & Roving Market Rebound in 2021? Know about the future growth scenarios and changing dynamics.
The E-Glass Fiber Yarn & Roving market report from Stratview Research is an in-depth study of the market dynamics across the globe. The study will cover the market intelligence and information for a period of 12 years from 2016 to 2026. The base year for the study is 2020.
E-Glass Fiber Yarn & Roving Market Forecast:
Post pandemic, the market is expected to rebound from 2021 onwards posting a modest CAGR till 2026. (Include the market forecast numbers, if given in the RD) The market forecast is arrived at after conducting scenario analysis. The global forecast will include market size for three different scenarios: Pessimistic, Most-likely, and Optimistic. The scenario analysis will help the stakeholders and market players to plan their market spending and budgeting for the short- to medium-term strategy period.
The report also covers analyst opinions and prospects, competitive landscapes, and key regions from both a regional and a global perspective. The report also examines several factors, including driving factors and challenges.
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Analysis of E-Glass Fiber Yarn & Roving Market Key Manufacturers:
According to the report, the E-Glass Fiber Yarn & Roving Market includes suppliers, product manufacturers, and OEMs. Following is a list of the Key Players in this market.
Advanced Glassfiber Yarns
Chongqing Polycomp International Corp. (CPIC)
Nippon Electric Glass
Taishan Fiberglass Inc.(Sinoma)
Growth drivers and Market Value:
This report, from Stratview Research, studies the E-Glass Fiber Yarn & Roving Market value and growth drivers over the trend period of 2020-25. According to the report –
E-Glass Fiber Yarn & Roving Market is likely to witness an impressive CAGR of 6.5% during the forecast period. Major factors such as growing demand for glass fibers from construction, automotive & transport, wind energy, and aerospace industries, offered features by the product such as high tensile strength, lightweight, flexibility, thermal & electrical resistance at low cost, and growing demand for fuel efficient and high load bearing capacity are expected to accelerate the growth of the market during the forecast period.
Based on Product Type:
Based on the product type, the market is segmented as fiber yarn and fiber roving. Fiber yarn product type is estimated to witness significant growth rate over the forecast period owing to the increasing product demand from electrical & electronics industry. These products offer excellent features such as high electrical and corrosion resistance, thermal conductivity, mechanical strength, and superior dielectric characteristics and are also used in fixing motor coil and transformer parts in order to bear the mechanical stress caused while performing an operation. Factors such as various features offered by the product such as structural integrity, exceptional heat, and electrical resistance, and growing demand for high performance consumer electronics convoyed by favorable government initiatives are expected to boost the market growth during the forecast period.
Based on Region:
In terms of regions, North America is estimated to account for the major share of the market during the forecast period with Mexico, Canada, and the U.S being the major countries with growing adoption and replacement of smart electronics devices in the regional market. Factors such as, change in standard of living, increasing disposable income and growing innovations in consumer electronics sector are expected to accelerate the regional market growth over the forecast period.
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Research Methodology & Features –
This report offers in-depth insights and is the result of detailed research methodology through secondary research, extensive primary interviews with industry key players, and statistical tools. The report provides vital information related to the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints
- Market trend and forecast analysis
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Key success factors & more.
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