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 gained substantial traction in recent years, owing to its diverse applications across various industries. Fiberglass roving, a continuous strand of glass fibers, is primarily used in composite manufacturing due to its exceptional strength, durability, and resistance to corrosion. With the growing demand for lightweight and high-performance materials, industries such as automotive, construction, aerospace, and wind energy are increasingly turning to fiberglass roving to meet their production needs.
One of the key drivers of the Fiberglass Roving Market in Europe is the automotive sector, where it is used to produce composite materials that contribute to lighter, more fuel-efficient vehicles. As automotive manufacturers focus on reducing the environmental impact of their products, the need for fiberglass roving has surged. Additionally, the increasing adoption of electric vehicles (EVs) further drives demand, as EVs require lightweight components for enhanced performance.
In the construction industry, fiberglass roving is commonly used for reinforcement in concrete, pipes, and tanks. The material's ability to improve strength without adding significant weight makes it an ideal choice for infrastructure projects that demand both durability and efficiency. With the rise in construction activities across Europe, particularly in countries with large-scale infrastructure projects, fiberglass roving remains a vital component in building high-quality structures.
Aerospace and wind energy sectors also rely on fiberglass roving for manufacturing advanced composite materials. In aerospace, lightweight fiberglass composites contribute to enhanced fuel efficiency and safety. Similarly, in the wind energy sector, fiberglass roving is essential for producing turbine blades that are both light and strong enough to withstand harsh weather conditions.
The growth of the European fiberglass roving market can also be attributed to the increasing focus on sustainability. As industries continue to prioritize eco-friendly materials and practices, fiberglass roving offers a sustainable alternative due to its recyclability and low environmental impact during production.
Fiberglass roving is crucial to the success of numerous industries across Europe. Its versatility, strength, and sustainability make it a valuable asset for manufacturers aiming to meet the challenges of modern production and performance standards.
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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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