LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global fiberglass electrical and electronic products market report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
Increasing technological innovations and R&D have created the demand for reliable and compact electronic devices. The need for decreased material costs and demand for smaller assemblies in specific applications have led to the miniaturization of electronic devices. The trend for miniaturization is also observed in the consumer electronics sectors due to the minimization of space required and the reduction in weight of devices.
Competitive vendor landscape
The global fiberglass electrical and electronic products market is dominated by many established vendors, including Jushi Group, Owens Corning, PPG Industries, Saint-Gobain, and AGY. These vendors focus on the expansion of production plants and product innovations to gain market shares. The demand for fiberglass from the electrical and electronics industry is also driving product innovation.
“Companies with better technical and financial resources can develop innovative products, rendering competitor's products non-competitive even before they are launched, or before they can recover their R&D and commercialization costs,” says Mahitha Mallishetty, a lead textile, fiber, and composites research analyst from Technavio.
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Top five fiberglass electrical and electronic products market vendors
Fiberglass yarns offered by the company are used in PCBs, which provide structural integrity and electrical and heat resistance to the PCBs. It offers E-glass fine yarns, which are used in high-performance hand-held devices. AGY also introduced L-glass yarns for use in high-speed digital electronic systems and high modulus materials for integrated circuit package substrates.
Fiberglass products of Jushi Group are used in electrical equipment. The company's electronic yarn is used in manufacturing PCBs. It is a basic material for the information processing industry.
Application areas for company's glass fiber composites in the electrical and electronics sector are electrical housings, electrical junction boxes, switch boxes, meter cover, insulators, spacer bars, dielectric tools, ladder rails, power distribution components, cable ducting, composite cable supports, and power and utility poles.
PPG Industries fiberglass products are present in almost all electronic devices from mobile phones to laptops. It is one of the largest suppliers of fiberglass reinforcement to the electronics industry for making electronic components. Its fiberglass is used in PCBs and chip carriers.
Saint-Gobain offers fiberglass under the Vetrotex brand. Its products are used in electronic devices, in PCBs, and in certain electrical products. Vetrotex fiberglass yarns are widely used in the electrical and electronics industry, which comply with the stringent requirements of the industry. Fabrics such as Style 7628, which use Vetrotex fiberglass yarn are used worldwide. Vetrotex is also used in transformers, switches, and relays.
China Beihai Fiberglass
China Beihai Fiberglass is involved in the production and marketing of various fiberglass products. It offers products such as fiberglass continuous mats, powder and emulsion fiberglass chopped strand mats, and E-glass and C-glass fiberglass roving. Its direct roving long fiber thermoplastics are used in electrical and electronic products.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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