North America Direct Roving Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030.
The North American direct roving market is experiencing significant growth, driven by its extensive applications across various industries. Direct roving, composed of continuous fiberglass strands, serves as a critical reinforcement material in composite manufacturing. Its unique properties, including high strength-to-weight ratio and corrosion resistance, make it indispensable in sectors such as wind energy, construction, automotive, and industrial applications.
Wind Energy Sector
Direct roving is essential in producing wind turbine blades, offering the necessary strength and durability to withstand harsh environmental conditions.
The increasing focus on renewable energy sources has led to a surge in wind energy projects, thereby boosting the demand for direct roving materials.
Construction Industry
In construction, direct roving is utilized to manufacture composite materials for structural components, enhancing the longevity and resilience of buildings and infrastructure.
Its lightweight nature contributes to easier handling and installation, reducing overall construction time and costs.
Automotive Sector
The automotive industry leverages direct roving to produce lightweight yet robust components, aiding in fuel efficiency and performance.
Parts such as bumpers, panels, and structural elements benefit from the integration of direct roving, meeting the industry's stringent safety and durability standards.
Industrial Applications
Direct roving finds applications in the production of pipes, tanks, and other industrial equipment, offering resistance to corrosion and chemical exposure.
Its adaptability allows for customization in various industrial processes, catering to specific requirements and enhancing operational efficiency.
The market's growth is further propelled by technological advancements in manufacturing processes, leading to improved product quality and performance. Companies are investing in research and development to innovate and meet the evolving demands of these industries. As a result, the North American direct roving market is poised for continued expansion, playing a pivotal role in the advancement of modern industrial applications.
North America Direct Roving Market
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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
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 North America Direct Roving Market
Wind Energy
Construction
Industrial
Based on Types the Market is categorized into Below types that held the largest Direct Roving market share In 2023.
by Product Type
Thermoset Direct Roving
Thermoplastic Direct Roving
by Material
E-Glass
R-Glass
North America (United States, North America 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 North America 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. North America Direct Roving Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Direct Roving Market, By Type
6. North America Direct Roving Market, By Application
7. North America Direct Roving Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Direct Roving Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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