The Glass Fiber Roving Market is segmented by End-Use Industry Type (Construction, Pipes & Tanks, Transportation, Electrical and Electronics, Wind Energy, Marine, Consumer Goods, and Others), by Fiber Type (E-glass Fiber and Others), by Product Type (Single End Roving, Multi-End Roving, and Woven Roving), by Composite Manufacturing Process Type (Filament Winding, Spray Up, Hand Lay Up, Compression Molding, Injection Molding, Pultrusion, and Others), by Processing Resin Type (Thermoset and Thermoplastic), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, and Others]).
The Glass Fiber Roving Market is segmented by End-Use Industry Type (Construction, Pipes & Tanks, Transportation, Electrical and Electronics, Wind Energy, Marine, Consumer Goods, and Others), by Fiber Type...
Glass roving is a raw fiberglass material made up of straight continuous glass fiber strands or bundles of approximately 200 filaments. The length of these strands is determined by the end use, and they may be several kilometers long. Glass fiber roving is used in a wide range of textile technologies, including pultrusion, filament winding, weaving, and others.
Market Drivers
Increasing demand for lightweight materials in the transportation industry, demand for corrosion and chemical-resistant materials in the construction and pipes & tanks industries, electrical resistivity, and high flame-retardant materials demand in the electrical and electronics industry are expected to drive the growth of the market during the forecast period.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
End-Use Industry-Type Analysis
Construction, Pipes & Tanks, Transportation, Electrical and Electronics, Wind Energy, Marine, Consumer Goods, and Others
Construction is estimated to hold the largest share of the market during the forecast period.
Fiber-Type Analysis
E-glass Fiber and Others
E-glass fiber type is estimated to be the largest as well as the fastest-growing segment of the market during the forecast period.
Regional Analysis
North America, Europe, Asia-Pacific, and Rest of the World
Asia-Pacific is estimated to be the leading region in the market during the forecast period
By End-Use Industry Type
“Construction is set to lead the market, with transportation as the fastest-growing segment during the forecast period”.
The market is segmented as construction, pipes & tanks, transportation, electrical and electronics, wind energy, marine, consumer goods, and others. Construction is estimated to hold the largest share of the market during the forecast period. Glass fiber roving's advantageous properties such as corrosion resistance and durability are expected to accelerate the segment's growth over the forecast period.
Furthermore, transportation is expected to be the market's fastest-growing segment during the forecast period. This growth of the segment can be attributed to favorable government policies aimed at reducing carbon emissions and rising demand for lightweight materials, which is likely to fuel the overall industry growth in the coming years.
By Fiber Type
“E-glass fiber type is estimated to be the largest as well as the fastest-growing segment of the market during the forecast period”.
The market is segmented as e-glass fiber and others. E-glass fiber type is estimated to be the largest as well as the fastest-growing segment of the market during the forecast period.
E-glass fiber roving's corrosive resistance and superior performance over traditional glass fiber are expected to drive the segment’s growth in the coming years.
Regional Analysis
“Asia-Pacific is estimated to be the leading region in the market during the forecast period”.
The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period with India and China being the growth engines of the region.
Increasing population, growing economy, and rising urbanization have led to an increase in the growth of various end-use industries such as construction, transportation, and pipes & tanks in the region, boosting the overall market growth during the forecast period.
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Key Players
The following are the key players in the Glass Fiber Roving Market (arranged alphabetically)
3B Goa Glass Fiber
Chongqing Polycomp International Corporation
Johns Manville Corporation
Jushi Group Co., Ltd.
Nippon Electric Glass Co., Ltd.
Nitto Boseki Co., Ltd.
Owens Corning
Sichuan Weibo. Co., Ltd.
Taishan Fiberglass Inc.
Taiwan Glass Group
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Glass Fiber Roving Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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The market is driven by rising product demand from various end-use industries. Furthermore, increasing demand for lightweight materials in the transportation industry, demand for corrosion and chemical-resistant materials in the construction and pipes & tanks industries, electrical resistivity and high flame-retardant materials’ demand in the electrical and electronics industry are expected to drive the growth of the market in the coming five years.
Asia-Pacific, led by China and India, is estimated to remain the leading region in the glass fiber roving market in the foreseen future. Increasing demand for lightweight materials in the transportation industry, demand for corrosion and chemical-resistant materials in the construction and pipes & tanks industries, electrical resistivity and high flame-retardant materials demand in the electrical and electronics industry are expected to drive the growth of the region’s market in the coming years.
Construction is estimated to be the dominant segment of the market during the forecast period. This growth can be attributed to the advantageous properties of glass fiber roving, such as corrosive resistance and durability.
Owens Corning, Jushi Group Co., Ltd., Chongqing Polycomp International Corporation, Taishan Fiberglass Inc., Taiwan Glass Group, Nippon Electric Glass Co., Ltd., Sichuan Weibo. Co., Ltd., 3B Goa Glass Fiber, Johns Manville Corporation, and Nitto Boseki Co., Ltd. are some of the key players in the glass fiber roving market.
