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Fiberglass roving market size is projected to reach at US$ 11.02 billion by 2023 illuminated by new report

Industrial Market Research

The fiberglass roving market report covers & forecasts the size of the market until 2023. The report includes the segmentation of the market based on end-use industry, product type, glass fiber type, and region.

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The fiberglass roving market size is estimated at USD 8.24 billion in 2018 and is projected to reach USD 11.02 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. Fiberglass roving is widely used in end-use industries such as wind energy, transportation, and electrical & electronics.

In the wind energy industry, fiberglass roving is used in wind turbine blades and nacelles. The increasing number of wind energy capacity installations is driving the demand for fiberglass roving, as it is economical and provide high performance.

The governments and energy planners in various countries are diversifying their energy mix, protecting their economies from volatile fossil fuel prices, and fighting against harmful greenhouse gas (GHG) emissions. Apart from this, the significant demand from the emerging economies is one of the major opportunities for the fiberglass roving market.

Target Audience

  • Manufacturers of fiberglass roving
  • Suppliers of raw materials
  • Distributors and suppliers of fiberglass roving
  • End-use Industries
  • Industry Associations

The growth of the market in the wind end-use industry can largely be attributed to innovations in the integration of lightweight fiberglass roving products, which have facilitated increasingly larger blade lengths in the wind energy industry. Fiberglass roving is the ideal choice of material for wind turbine blades, in terms of structural efficiency, as the high specific stiffness limits tip deflections.

Scope of the Report:   Fiberglass Roving Market By End-use Industry:

  • Transportation
  • Construction & Infrastructure
  • Electrical & Electronics
  • Pipes & Tanks
  • Marine
  • Aerospace & Defense
  • Wind Energy
  • Others

Fiberglass Roving Market By Product Type:

  • Single-end Roving
  • Multi-end Roving
  • Chopped Roving

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Fiberglass Roving Market By Glass Fiber Type:

  • E-glass
  • ECR-glass
  • H-glass
  • AR-glass
  • S-glass
  • Others

Fiberglass Roving Market, By Region

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • Latin America

This report provides a comprehensive analysis of the key companies listed below:

  • Owens Corning (US)
  • Jushi Group Co., Ltd. (China)
  • Chongqing Polycomp International Corporation (China)
  • Johns Manville (US)
  • Saint-Gobain Veterotex(France)
  • Nippon Electric Glass (Japan)
  • Taishan Fiberglass, Inc. (China)
  • AGY Holdings Corp. (US)
  • China Beihai Fiberglass Co., Ltd (China)

The fiberglass roving market in APAC is projected to register the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand for fiberglass roving from the region’s growing automotive & transportation and wind energy industries that extensively use fiberglass roving.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted as follows:

  • By Company Type: Tier 1 - 35%, Tier 2 - 25%, and Tier 3 - 40%
  • By Designation: C level - 30%, Director level - 25%, and Others - 45%
  • By Region: North America - 30%, Europe - 20%, APAC -25%, Middle East & Africa - 12%, and Latin America - 13%

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This report is also expected to help stakeholders understand their competitors and gain insights to augment their position in the fiberglass roving market. The competitive landscape section includes the ecosystem of competitors and detailed information on new product developments, expansions, partnerships, and acquisitions.

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