Overview and Scope
Fiberglass roving is a heavier fiberglass cloth derived from a single bundle of continuous filaments. It can be employed in procedures including pultrusion, multi-axial weaving, and filament winding and be utilized in weaving, making cement boards, and other functions.
Sizing and Forecast
The fiberglass roving market size has grown strongly in recent years. It will grow from $8.8 billion in 2023 to $9.59 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to construction and infrastructure development, automotive industry demand, widespread use in wind energy, boat and marine manufacturing, growth in aerospace applications.
The fiberglass roving market size is expected to see strong growth in the next few years. It will grow to $13.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to renewable energy expansion, lightweighting trends in transportation, infrastructure rehabilitation projects, advancements in composites manufacturing, growing demand for high-performance materials. Major trends in the forecast period include marine industry applications, infrastructure rehabilitation projects, key players’ collaborations, market penetration in asia-pacific, customization for specific end-use.
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Segmentation & Regional Insights
The fiberglass roving market covered in this report is segmented –
1) By Product Type: Single-End Roving, Multi-End Roving, Chopped Roving
2) By Fiberglass Type: E-glass, ECR-glass, H-glass, AR-glass, S-glass
3) By Application: Electrical And Electronics, Transportation, Construction And Infrastructure, Pipes And Tanks, Energy, Other Applications
Asia-Pacific was the largest region in the fiberglass roving market in 2023. The regions covered in the fiberglass roving market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing demand from the wind energy sector is expected to propel the growth of the fiberglass roving market going forward. The wind energy sector refers to an industry engaged in developing, producing, constructing, and maintaining wind turbines and other ejaculatory power devices. In the wind energy sector, fiberglass roving allows to produce larger wind turbine blades, which helps to enhance the energy output of turbines. It is a material that the wind energy industry uses to make nacelles and wind turbine blades. For instance, in September 2022, according to the International Energy Agency, a France-based independent intergovernmental organization, the amount of energy produced by wind increased by 273 TWh in 2021 (up 17%), a growth rate that was 55% more than that of any other power generation technology. With 1,870 TWh of energy generated by wind in 2021, it will continue to be the leading non-hydro renewable technology. Therefore, the growing demand from the wind energy sector is driving the fiberglass roving market.
Key Industry Players
Major companies operating in the fiberglass roving market report are Saertex GmbH, Saint-Gobain S.A., PPG Industries Inc., Owens Corning, China Jushi Co. Ltd., Nippon Electric Glass Co. Ltd., Taiwan Glass Ind. Corp., Taiwan Glass Industry Corporation, Johns Manville, Knauf Insulation, Nitto Boseki Co. Ltd., Chongqing Polycomp International Corporation, Jiangsu Jiuding New Material Co. Ltd., AGY Holding Corp., Chomarat Group, AGY Holdings Corp., 3B – the fiber glass company, Fiberlay Inc., Nittobo America Inc., Saint-Gobain Vetrotex, Taishan Fiberglass Inc., China Beihai Fiberglass Co. Ltd., PFG Fiberglass Corporation,P-D Glasseiden GmbH, PFG Fiberglass Corporation, Glass Fiber Technology Co. Ltd.
The fiberglass roving market report table of contents includes:
- Executive Summary
- Fiberglass Roving Market Characteristics
- Fiberglass Roving Market Trends And Strategies
- Fiberglass Roving Market – Macro Economic Scenario
- Global Fiberglass Roving Market Size and Growth
- Fiberglass Roving Market Segmentation
- Fiberglass Roving Market Regional And Country Analysis
…………….
- Key Mergers And Acquisitions In The Fiberglass Roving Market=
- Fiberglass Roving Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Fiberglass Roving Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Fiberglass Roving Market, Segmentation By Fiberglass Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Fiberglass Roving Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………
Table 74: Saertex GmbH Financial Performance
Table 75: Saint-Gobain S.A. Financial Performance
Table 76: PPG Industries Inc. Financial Performance
Table 77: Owens Corning Financial Performance
Table 78: China Jushi Co. Ltd. Financial Performance
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