Fiberglass Roving Market trends, Business opportunities, Growth analysis & Forecasts to 2025

1
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Fiberglass Roving
Market. Fiberglass Roving Market Insights The
fiberglass roving market is expected to grow at a
significant CAGR during the forecast period. The
increased use of fiberglass for the manufacturing
of aircraft body parts and automobiles due to
its lightweight properties and its high strength
is anticipated to boost the market growth. In
addition to that, the extensive use of
fiberglass in construction and building industry
for composite and insulation applications is
most likely to drive the market further over the
forecast period. It is anticipated that the
growth of the market is due to the strict
emission regulations set by the government. This
factor has compelled the automobile and aircraft
body manufacturer to use fiberglass roving
material in the manufacturing and production of
the vehicle. Growing awareness about the
benefits of renewable energy sources amongst the
people has pushed demand for wind turbines.
Fiberglass is extensively used in the
manufacturing of various structural components of
wind turbines including wind turbine
blades. Fiberglass rover is used in the
construction sector for insulation purpose. It is
generally used in electrical and thermal
insulation application in the construction
sector. The growing demand for the fiberglass
market can be attributed to increased spending in
the construction sector in both developed and
developing countries.
2
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Fiberglass Roving Market By
Type Based on the fiberglass type, fiberglass
roving market can be segmented into ECR-glass,
E-glass, H- glass, S glass, AR- glass and
others. The E-glass fiber segment is anticipated
to account for the major share in global
fiberglass roving market. The factors behind this
dominance of E glass fiber type are its
properties such as light weightiness, corrosion
resistive, cost-efficient, moderate strength and
high electrical insulation. S-glass fiber segment
can be accounted as the fastest growing glass
fiber type. Growing demand for the use of
fiberglass rover in the electrical electronics,
construction, and transportation industries is
expected to fuel the market growth over the
forecast period. Fiberglass Rover Market By
Product The fiberglass roving market can be
segmented based on the product into single end
roving, multi- end roving, and chopped roving.
It is expected that the single end roving
segment. Increased demand for single end
fiberglass for pultrusion and filament winding
application is expected to boost the single end
fiberglass roving market during the forecast
period. Rising awareness amongst the general
people about the benefits of renewable energy
sources and strict emission regulations set by
the authorities is pushing the demand for the
single end fiberglass market. Fiberglass Roving
Markets By End Users Based on the end users
fiberglass roving market can be segmented into
wind energy, pipes tanks, marine,
transportation, aerospace defense, electrical
electronics, building construction, and others.
Transportation industry segment is contributing
significantly to the revenue share of the
fiberglass rover market and is expected to hold
its dominance over the forecast period. The
increasing demand for fiberglass roving in the
transportation sector is attributed to its
properties such as fuel efficient, corrosion
resistive, light weightiness and moderate impact
strength. Various government initiatives and
regulations have encouraged the big industries to
invest in the research and development wing in
order to increase the use of fiberglass rover in
various other end-user applications.
3
GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
Fiberglass Roving Market Regional Insights Asia
Pacific is expected to dominate the fiberglass
rover market, with India, Japan and China
contributing the majority share. The regions
dominance can be attributed to the various
factors one of them being increased awareness on
the benefits of using renewable energy sources
have boosted the demand for wind turbines
thereby growing use wind energy in the region.
Others factors such as growing electrical
electronics, construction building, pipes
tanks and aerospace defense industries have
boosted the market growth across the region. It
is expected that fiberglass rover market will
display highest CAGR during the forecast period.
Strict government regulations and increased
demand for the use of environmental friendly
product has made Asia Pacific the largest
fiberglass roving market. Fiberglass Roving
Market End-Use Landscape The end-use landscape
entails a list of current and prospective
consumers prevailing across the regions. This
section provides company addresses, contact
details, products, and regional presence of
companies who are purchasing or are likely to
purchase smart materials over the coming years.
Some companies which are currently using
fiberglass rover or are likely to use are Suzlon,
Enercon, Goldwind, Range Rover, Land Rover, Ford
Inc., The Boeing Company, Larsen Toubro and
others Fiberglass Roving Market Vendor
Landscape The report contains a chapter
dedicated to vendors operating in the market,
covering raw material manufactures, equipment
developers, manufacturers, and distributors. The
report provides these insights on a regional
level. This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of companies.
4

• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Fiberglass Roving Market Share Competitor
  Analysis
• Some of the key players operating in the
  fiberglass rover markets are Jushi Group, Owens
  Corning, Taishan Fiberglass, Chongqing Polycomp
  International Corp, Nippon Electric Glass Co.
  Ltd., Saint Goblin and others.
• In August 2018, Jushi Group completed its largest
  production base of 200000 tons of fiberglass in
  Egypts Ain Sokhna district. It is currently the
  largest manufacturing project invested by China
  in Egypt with an investment of USD 600 million.
  The base is equipped with most advanced
  technology and equipment.
• In September 2018, Owens Corning a leading
  manufacturer of roofing, insulation and
  fiberglass composites was named as the industry
  leader for the Dow Jones Sustainability
  Performance Index (DJSI).
• The report segments the Fiberglass Roving Market
  on the basis of By Type
• E
• ECR
• H
• AR
• S
• By Product

5

• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• By End User
• Transportation
• Construction
• Electrical Electronics
• Pipe Tank
• Wind
• Aerospace
• Marine
• By Region
• North America
• Europe
• Asia Pacific
• Central South America
• Middle East Africa

This article contains text from the Fiberglass
Roving Market Forecast to 2025 report For more
information or to buy the report, please visit
https//www.globalmarketestimates.com/fiberglass-
roving-market/ Check our annual research
partnership service at https//www.globalmarkete
stimates.com/annual-research-partnership-services/