E-glass Market Analysis by Global Segments, Growth, Size and Forecast 2024
Glass
fiber is a versatile industrial material, which can be easily
manufactured from its raw materials. It exhibits characteristics such
as transparency, hardness, chemical attack resistance, and stability,
along with fiber properties such as stiffness, flexibility, and
strength. Glass fibers are utilized in the production of printed
circuit boards, structural composites, and an array of
special-purpose products.
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The
letter “e” in e-glass (also known as e-class glass fiber) stands
for “electrical grade” which points toward its low electrical
conductivity. E-glass is also known to possess limited thermal
expansion coefficients, which makes it more resistant to thermal
shock than common glass. It is not affected by thermal stress and is
generally used to manufacture glassware that can be used in
laboratories, cooking, and for other general purposes.
E-glass
was initially developed for standoff insulators for electrical
wiring. It was also found to possess excellent fiber-forming
capabilities. Therefore, it commonly acts as a reinforcement agent in
fiberglass, which is made up of special polymer reinforced with glass
fiber, also known as glass-reinforced plastic (GRP) or glass-fiber
reinforced plastic (GFRP). The percentage of e-glass in the
composition varies depending on the type of fiberglass required. A
type of alumino-borosilicate glass composed of less than 1% w/w
alkali oxides, e-glass is highly preferred in the production of
fiberglass and other glass fiber-reinforced composites due to its low
cost, high stiffness & strength, heat & chemical resistance,
non-flammable property, and electrical insulation.
E-glass
Market Trends
Use
of glass fiber over asbestos has increased as the latter causes
cancer. However, there are concerns regarding glass fiber as well,
since its composition includes silicate fibers, which are responsible
for toxicity. Therefore, environment-friendly, boron-free e-glass has
been developed and replaced the boron-containing variety.
A
common application of e-glass is the production of glass
fiber-reinforced composites. This segment is expected to dominate the
market due to its uses in various industries such as storage tanks,
GRP & GRE pipes, traffic lights, ship hulls, rowing shells &
oars, auto body parts, helmets, surfboards, tent poles, antenna
covers & structures, and others.
E-glass
Market Segmentation
Based
on type, the market can be segmented into boron-containing and
boron-free varieties.
In
terms of application, the market can be divided into the following
categories: reinforcement agent (glass fiber composites), glassware,
insulation, semiconductors, lighting, optics, and others.
By
end-user, the market divisions include transportation, building &
construction, industrial, wind turbine, consumer goods, electronics,
and others.
E-glass
Market: Region-wise Outlook
The
market for e-glass is distributed over various locations across the
globe depending on its industry application in that region. The
dominating end-users of the market are building & construction
and transportation. In terms of consumption, Asia Pacific leads the
market, followed by Europe and North America, as a majority of
manufacturers are positioned in these regions. China, India, and
Japan in Asia Pacific and Germany, France, and the U.K. in Europe are
likely to be the prominent consumers of e-glass due to the presence
of key players in these countries.
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E-glass
Market: Key Players
Key
players operating in the e-glass market include AGY, Jiangsu Jiuding
New Material Co. Ltd, Jushi Group Co. Ltd., Nippon Electric Glass Co.
Ltd, Novalglass.com, Owens Corning, PBM Insulations Pvt. Ltd., PPG
Industries Inc, Rex Sealing & Packing Industries Pvt. Limited,
SCHOTT AG, SGG, and Shenzhen Sun Global Glass Co. Ltd.
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