Direct Roving Market size is estimated to be USD 1.5 Billion in 2024 and is expected to reach USD 2.8 Billion by 2033 at a CAGR of 7.5% from 2026 to 2033.
The global direct roving market was valued at approximately USD 2.5 billion in 2022 and is projected to reach USD 4.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2030. This growth is driven by increasing demand across various industries such as wind energy, automotive, and construction, due to the superior mechanical properties and lightweight nature of direct roving materials.
Regionally, the Asia Pacific market is anticipated to lead the direct roving industry, driven by rapid industrialization and urbanization in countries like China and India. North America and Europe are also experiencing stable growth, fueled by technological advancements and a growing emphasis on sustainable energy solutions, particularly in the wind energy sector. These regions are witnessing increased adoption of direct roving materials in various applications, contributing to the overall market expansion.
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Saint-Gobain (Vetrotex)
BASF
3B Fibreglass
Johns Manville
VALMIERA GLASS GROUP
NEG
Jushi Group
Taishan Fiberglass
Nivitex
Chongqing Polycomp International Corp. (CPIC)
Yuntianhua Group
Chong Qing Sanlei Glass Fiber Co.
Ltd
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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. 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 Global Direct Roving Market
Price-Sensitive Shoppers
Brand-Loyal Consumers
Impulse Buyers
Online Shoppers
Frequent Users
Occasional Users
First-Time Users
Daily Buyers
Weekly Buyers
Monthly Buyers
Age Group
Income Level
Gender
Convenience Seekers
Quality Seekers
Discount Seekers
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 Global Direct 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. Global Direct Roving Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Direct Roving Market, By Type
6. Global Direct Roving Market, By Application
7. Global Direct Roving Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Direct Roving Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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