Fiberglass Roving Market was valued at USD 4.21 Billion in 2022 and is projected to reach USD 6.62 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The global fiberglass roving market has witnessed significant growth due to the increasing demand for lightweight, durable materials across various industries. Fiberglass rovings are widely used in applications such as automotive, construction, wind energy, and marine sectors. Their ability to offer superior mechanical strength, corrosion resistance, and thermal stability has made them a preferred choice for composite materials. As industries continue to focus on sustainability, the need for environmentally friendly products like fiberglass rovings has gained momentum. With growing awareness about energy efficiency and the adoption of renewable energy sources, particularly in wind turbine manufacturing, the market for fiberglass rovings is expected to expand further. Additionally, the rise in infrastructure development and construction activities in emerging economies is anticipated to propel demand for fiberglass-based composite materials, providing a strong growth trajectory for the market in the coming years.
Technological advancements and innovations in the production process of fiberglass rovings are opening new opportunities within the market. The development of high-performance rovings, offering enhanced properties such as better resistance to heat and moisture, is driving their adoption in high-performance applications. Moreover, the growing popularity of electric vehicles (EVs) and advancements in lightweight vehicle manufacturing have led to increased use of fiberglass composites in the automotive industry. This trend is likely to continue as manufacturers seek cost-effective alternatives to traditional materials, contributing to the growth of the fiberglass roving market. The market is also benefiting from the increasing focus on regional expansion by key players and their investments in manufacturing facilities, particularly in Asia-Pacific, which is expected to become a major production hub. As a result, the fiberglass roving market is poised to experience robust growth, with ample opportunities for innovation and market penetration in multiple sectors.
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Owens Corning (US)
Jushi Group
(China)
Johns Manville Corporation (US)
Chongqing Polycomp International Corporation (China)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Fiberglass Roving Market
Chopped Strand Roving
Direct Roving
Woven Roving
Specialty Roving
Aerospace
Automotive
Construction
Marine
Wind Energy
Sporting Goods
E-glass Fiberglass
S-glass Fiberglass
Alignment of Glass Fibers
Reinforcement
Insulation
Composite Materials
Electrical Applications
Continuous Roving
Pre-Impregnated Roving
Nonwoven Roving
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Fiberglass Roving Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Fiberglass Roving Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Fiberglass Roving Market, By Type
6. Gloabl Fiberglass Roving Market, By Application
7. Gloabl Fiberglass Roving Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Fiberglass Roving Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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