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    Glass Fiber Roving Market Report

    Glass Fiber Roving Market Report
    Report code - SR2158 Delivery - 2 Weeks
    Glass Fiber Roving Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Insights

    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.

    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. Overall, the glass fiber roving market is likely to rebound at a healthy CAGR of 4.5% during the forecast period. 

    Segment Analysis

    Based on the end-use industry type, 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 favourable 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.

    Based on the fiber type, the market is segmented as e-glass fiber and others. E-glass fiber type is estimated to be the larger as well as the faster-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.

    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 urbanisation 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.

    Key Players

    The following are the key players in the glass fiber roving market.

    • 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
    • Nitto Boseki Co., Ltd. 

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s glass fiber roving market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    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 industry experts to obtain both qualitative and quantitative insights.

    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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The glass fiber roving market is segmented into the following categories. 

    Glass Fiber Roving Market, by End-Use Industry Type

    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pipes & Tanks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrical and Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glass Fiber Roving Market, by Fiber Type

    • E-glass Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glass Fiber Roving Market, by Product Type

    • Single End Roving (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Multi-End Roving (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Woven Roving (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glass Fiber Roving Market, by Composite Manufacturing Process Type

    • Filament Winding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)  
    • Spray Up (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hand Lay Up (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Compression Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pultrusion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glass Fiber Roving Market, by Processing Resin Type

    • Thermoset (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thermoplastic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glass Fiber Roving Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQ)

    The glass fiber roving market is estimated to grow at a CAGR of 4.5% by 2027, 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.

    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.

    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 regions 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.

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