Europe Fiberglass Roving Market was valued at USD 1.58 Billion in 2022 and is projected to reach USD 2.55 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The Europe Fiberglass Roving Market has seen a significant surge in demand, driven by industries ranging from automotive to construction. As a vital raw material, fiberglass roving is used in various applications due to its unique characteristics, including strength, durability, and lightweight properties. This versatile material is especially sought after in manufacturing processes that require high-performance composites for a range of industrial products.
In the automotive sector, fiberglass roving is increasingly used in the production of lightweight vehicle parts, which contributes to fuel efficiency and overall performance. It is extensively utilized in the creation of bumpers, body panels, and other components, as it offers superior strength without the added weight. This trend is particularly evident as manufacturers shift towards more sustainable, energy-efficient materials to meet regulatory requirements and consumer demand.
Similarly, the construction industry relies on fiberglass roving for reinforcing concrete structures, such as bridges, tunnels, and buildings. The material’s excellent resistance to corrosion and impact makes it an ideal choice for harsh environmental conditions, where traditional materials like steel may degrade over time. This has led to a rising adoption of fiberglass-reinforced composites (GRC) in construction applications.
The marine sector also demands fiberglass roving for the production of boats, yachts, and other watercraft. Its resistance to water and corrosion, combined with its lightweight nature, ensures that fiberglass-reinforced composites maintain their integrity and durability even in harsh maritime environments. Additionally, fiberglass’s ability to withstand high-stress conditions makes it an ideal choice for critical parts such as hulls and decks.
The aerospace industry also benefits from fiberglass roving due to its high strength-to-weight ratio. It’s used in various components of aircraft, from interior fittings to structural parts, as manufacturers strive to meet performance and fuel efficiency goals. In this context, fiberglass-reinforced materials help ensure safety while minimizing weight, which is crucial in aviation applications.
Furthermore, industries like wind energy are increasingly adopting fiberglass roving for the production of wind turbine blades. The ability to resist wear and tear, along with its low weight, makes it a top choice for optimizing energy generation from renewable sources.
With the ongoing advancements in material science, the demand for fiberglass roving in Europe is expected to grow exponentially. As industries continue to prioritize lightweight, durable, and sustainable materials, fiberglass roving is poised to play an even larger role in shaping the future of manufacturing across 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 Europe 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
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe 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. Europe Fiberglass Roving Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Fiberglass Roving Market, By Type
6. Europe Fiberglass Roving Market, By Application
7. Europe Fiberglass Roving Market, By Geography
Europe
Germany
UK
France
8. Europe Fiberglass Roving Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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