Fiberglass Roving Market

Fiberglass Roving Market Forecasts to 2028 – Global Analysis By Product Type (Multi-End Roving, Chopped Roving, Single-End Roving), End User (Aerospace & Defense, Construction & Infrastructure, Electrical & Electronics), and By Geography

4.5 (94 reviews)
Published: November 2021 ID: SMRC21113
4.5 (94 reviews)
Published: November 2021 ID: SMRC21113

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Fiberglass Roving Market is accounted for $9.00 billion in 2020 and is expected to reach $15.46 billion by 2028 growing at a CAGR of 7.0% during the forecast period. Rising demand for wind energy installations, high growth in GFRP pipes applications and increasing construction sector in developed and developing countries are the major factors propelling the market growth. However, recycling issues and development of new low-cost technologies are hampering the market growth.

A fiberglass roving is a type of fabric material consisting of glass fibers that are woven in a specific pattern for the purpose of providing high strength when used to reinforce a coating or other composite system. They can reduce the weight of the product and are stronger than metallic parts.

Based on end user, the construction & infrastructure segment is estimated to have a lucrative growth due to the increased construction projects in multiple regions across the world. The rapid urbanization is resulting in the increased development of infrastructure, thereby resulting in increased demand for fiberglass roving. The development of smart cities in countries, such as India and China, is also expected to further boost the need for these products. The construction sector is also expected to fortify to a much stronger extent, with new governmental regulations and initiatives.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rapidly increasing demand for environmentally-friendly products as well as new and stringent emission control policies. Multiple economies in the region, such as China, India, and Japan, are the major fiberglass roving markets in the region, primarily owing to the increasing wind energy projects, increasing construction and infrastructural activities. Moreover, the high rate of automotive production in countries like China and Japan are also resulting in the extensive use of fiberglass roving products in the region.

Some of the key players profiled in the Fiberglass Roving Market include AGY Holdings Corp, Binani Industries Ltd, Celanese Corporation, Chongqing Polycomp International Corporation, Johns Manville Corporation, Jushi Group Co., Ltd, Nippon Electric Glass Co. Ltd, Owens Corning, Saint-Gobain S.A, Taishan Fiberglass, Inc, and Taiwan Glass Industry Corp.

Product Types Covered:
• Multi-End Roving       
• Chopped Roving      
• Single-End Roving       

Glass Fiber Types Covered:
• H-glass Fiber       
• E-glass Fiber       
• AR-glass        
• ECR-glass Fiber       
• S-glass Fiber       

End Users Covered:
• Aerospace & Defense      
• Construction & Infrastructure       
• Electrical & Electronics      
• Transportation       
• Wind Energy       
• Marine        
• Pipes & Tanks       

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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