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.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.