The Fiberglass Roving Global Market Report 2023, provides comprehensive information on the fiberglass roving market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Fiberglass Roving Global Market Report 2023, the market is expected to grow from $8.06 billion in 2022 to $8.8 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fiberglass roving market is expected to reach $12.04 billion in 2027 at a CAGR of 8.2%.
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Product innovations are the key trend gaining popularity in the fiberglass roving market. Major companies operating in the fiberglass roving market are focused on developing innovative products to strengthen their position in the market. For instance, in March 2023, Johns Manville, a US-based manufacturer of insulation, roofing materials, and engineered products, launched StarRovLFTplus Fiberglass Roving, a fiberglass direct roving explicitly designed for long fiber-reinforced thermoplastic (LFRT) applications. It is created to offer a solid and dependable solution for structural automotive applications. In addition to the launch of StarRovLFTplus, Johns Manville has announced a cooperation with Zhongbao Ruiheng Technology Co. Ltd., a China-based manufacturer of composite materials. The partnership with Zhongbao Ruiheng Technology Co. Ltd. is anticipated to increase Johns Manville’s market share in China by giving it access to a new clientele and more knowledge in composite materials. The target market for this product is the automotive sector, specifically structural uses such as bumper beams and front-end carriers.
The fiberglass roving market 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 2022.
The table of contents in TBRC’s fiberglass roving market report includes:
1. Executive Summary
2. Fiberglass Roving Market Characteristics
3. Fiberglass Roving Market Trends And Strategies
4. Fiberglass Roving Market – Macro Economic Scenario
5. Global Fiberglass Roving Market Size and Growth
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26. South America Fiberglass Roving Market
27. Brazil Fiberglass Roving Market
28. Middle East Fiberglass Roving Market
29. Africa Fiberglass Roving Market
30. Fiberglass Roving Market Competitive Landscape And Company Profiles
Top Major Players:
- Saertex GmbH
- Saint-Gobain S.A
- PPG Industries Inc.
- Owens Corning
- China Jushi Co. Ltd
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