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Narrow and long bundle of fibers is known as roving. Fiberglass roving consist of numerous microscopic glass filaments. These are often commercially sold as woven roving. Fiberglass roving are available in various weights, weaves, finishes, and widths. These are lightweight materials with exceptional strength compared to other composites. They also possess the ability to add bulkiness and thickness to the product. 

Fiberglass Roving Market: Overview

Increase in installation of wind energy units is the major factor driving the fiberglass roving market. Rise in acceptance of GFRP materials composed of fiberglass roving in the automotive industry is also augments the fiberglass roving market. Furthermore, growth in usage of fiberglass roving in automotive and construction industries owing to their lightweight and exceptional strength is boosting the demand for fiberglass roving. However, concerns related to recycling of fiberglass roving materials is hampering the fiberglass roving market. Slow rate of development of low-cost technologies for producing fiberglass roving is also adversely affecting the market. Nevertheless, rise in demand for fiberglass roving in GFRP pipes applications is expected to offer lucrative opportunities to the market.

Based on glass fiber type, the fiberglass roving market can be segmented into E-glass fiber, ECR-glass fiber, H-glass fiber, AR-glass, and S-glass fiber. The E-glass fiber segment is dominating the market owing to its properties such as cost effectiveness, lightness of weight, electrical insulation, corrosion resistance, and moderate strength. Based on product type, the fiberglass roving market can be divided into single-end roving, multi-end roving, and chopped roving. In terms of revenue, single-end roving is the major segment of the fiberglass roving market owing to its increased usage in pultrusion and filament winding applications.

Fiberglass Roving Market: Trends & Developments

Leading manufacturers and research institutions are making significant investments to come up with a low-cost fiberglass roving technology in order to lower the capital investment cost. Research institutions are also making investments in order to enhance the recycling properties of fiberglass roving.        

Based on application, the fiberglass roving market can be segregated into wind energy, electrical & electronics, transportation, pipes & tanks, construction & infrastructure, marine, and aerospace & defense. In terms of revenue, transportation was estimated to be the major segment of the market during the forecast period.

Fiberglass Roving Market: Regional Outlook

Asia Pacific is the key consumer of fiberglass roving.  Growth in wind energy unit installations is the major factor driving the fiberglass roving market in the region.

Rise in construction activities in countries such as India, Taiwan, Indonesia, and Malaysia has boosted the demand for fiberglass roving products, thereby driving the market in these countries. High rate of automotive production in China and Japan has also resulted in extensive usage of fiberglass roving in Asia Pacific.

Fiberglass Roving Market: Key Players

Key manufacturers operating in the global fiberglass roving market include Taiwan Glass Industry Corp., Owens Corning, China Beihai Fiberglass Co., Ltd., Saint-Gobain S.A., AGY Holdings Corp, Binani Industries Ltd, Nippon Electrical Glass Co., Ltd, Taishan Fiberglass Inc., and Celanese Corporation. 

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Fiberglass Roving Market