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ELECTRONICS & SMART DEVICES

Fiberglass Roving Market Segmentation by Product Type (Single-End Roving, Multi-End Roving, and Chopped Roving); by Glass Type (E-Glass, ECR-Glass, H-Glass, AR-Glass, S-Glass, and Others); and by End-Use Industry (Transportation, Construction & Infrastructure, Electrical & Electronics, Pipes & Tanks, Marine, Aerospace & Defense, Wind Energy, and Others) – Global Demand Analysis & Opportunity Outlook 2020-2030

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Extensive insights into the Growth of Fiberglass Roving Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • March 8th, 2021: Owens Corning announced the launch of PINK Next Gen Fiberglas insulation, which enables its users to install at up to 23% faster speeds than the other existing products of the organization. The product had no added formaldehyde or hazardous chemicals mixed on-site.

  • January 26th, 2021: Johns Manville announced that it has launched a thermal recycling unit for waste glass fibers in Trnava, Slovakia, where it has its Engineered Products plant. The new recycling unit would help the company to achieve its overall target for sustainable management of the natural resources of the planet, as well as meet the zero-waste program of the European Commission.

Global Fiberglass Roving Market Highlights Over 2020 - 2030

The global fiberglass roving market is estimated to garner a revenue of USD 8262.59 Million by the end of 2030, by growing at a CAGR of 5.50% over the forecast period, i.e., 2021 – 2030. Apparently, in the year 2020, the market registered a revenue of USD 4837.18 Million. The growth of the market can be attributed to growing adoption of fiberglass roving for different end-use applications, including wind energy, automotive, construction, and others. Fiberglass roving is used largely for wind generation, especially to make rotor blades and nacelles. These composites allow high strength at a low weight, which makes it one of the most efficient material to be used for such applications.

Fiberglass Roving Market GraphOwing to the growing demand for electricity worldwide, and the shift in trend towards the adoption of renewable energy sources, such as wind energy, the demand for fiberglass roving in wind energy applications is expected to increase, and in turn drive the market growth. According to the statistics by the International Renewable Energy Agency (IRENA), total onshore installed capacity of wind energy worldwide increased from 177795 MW in the year 2010 to 698043 MW in the year 2020. CLICK TO DOWNLOAD SAMPLE REPORT

Total Onshore Installed Wind Capacity Graph

Besides this, the growing sales of automobiles worldwide, and the increasing use of fiberglass roving for making flooring, closets, seating, air ducts, and insulating applications are also expected to push forward the market growth in the coming years. Furthermore, the growing use of these composites in aircraft engine nacelles, owing to the properties of high tensile strength, light weight, and others, are also anticipated to drive the growth of the global fiberglass roving market in the coming years.

Global Fiberglass Roving Market Regional Synopsis

Regionally, the global fiberglass roving market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific registered a revenue of USD 2010.21 Million in the year 2020, and is further expected to reach USD 3817.32 Million by the end of 2030. The growth of the market in the region can primarily be attributed to the growing investment for infrastructure, especially in countries, such as China, Bhutan, Vietnam, and India among others, and for the growing demand for fiberglass roving across different end-use industries. According to the statistics by the Asian Development Bank, the infrastructure investment rate in the public sector (% of GDP), in People’s Republic of China, Bhutan, Vietnam, Fiji, Sri Lanka, and India registered to 6.76%, 6.56%, 5.12%, 3.53%, and 3.31% respectively. The market in the region is segmented by country into China, Japan, India, South Korea, and the Rest of APAC. Out of these, the market in China is projected to grow with the highest CAGR of 7.92% during the forecast period and further touch a revenue of USD 1809.41 Million by the end of 2030.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Fiberglass Roving Market

Growth Drivers

  • Increasing Wind Energy Capacity Worldwide
  • Growing Demand for Fiberglass Roving from Different End-Use Industries

Challenges

  • Difficulties in Recycling of Glass Wool

Global Fiberglass Roving Market Segmentation Synopsis

The global fiberglass roving market is segmented by product type into single-end roving, multi-end roving, and chopped roving. Out of these, the single-end roving segment is projected to garner the largest revenue of USD 5081.50 Million by the end of 2030, up from a revenue of USD 2776.68 Million in the year 2020. By glass type, the market is segmented into E-glass, ECR-glass, H-glass, AR-glass, S-glass, and others. Out of these, the e-glass segment registered the largest revenue of USD 1912.85 Million in the year 2020, and is further projected to reach USD 3313.30 Million by the end of 2030. Further, the market is segmented on the basis of end-use industry into transportation, construction & infrastructure, electrical & electronics, pipes & tanks, marine, aerospace & defense, wind energy, and others. Out of these, the transportation segment is expected to hold the largest revenue of USD 2751.44 Million by the end of 2030.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global fiberglass roving market that are included in our report are Owens Corning, China Jushi Co., Ltd., Chongqing Polycomp International Corporation, Johns Manville, Saint-Gobain Vetrotex, Nippon Electric Glass Co., Ltd., CTG Group (Taishan Fiberglass), AGY Holding Corporation, China Beihai Fiberglass Co., Ltd., Taiwan Glass Industry Corporation, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

Global Fiberglass Roving Market TOC

  1. Market Definition and Research Methodology
    1. Market Definition and Segmentation
    2. Assumptions and Acronyms
    3. Research Objective
  2. Executive Summary
  3. Industry Value Chain Analysis
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Trends
    4. Opportunities
  5. Regulatory & Standards Landscape
  6. Industry Risk Analysis
  7. Impact of COVID-19 on the Global Fiberglass Roving Market
  8. Competitive Landscape
    1. Market Share, 2020
    2. Company Profiles
      1. Owens Corning
      2. China Jushi Co., Ltd.
      3. Chongqing Polycomp International Corporation
      4. Johns Manville
      5. Saint-Gobain Vetrotex
      6. Nippon Electric Glass Co., Ltd.
      7. CTG Group (Taishan Fiberglass)
      8. AGY Holding Corporation
      9. China Beihai Fiberglass Co., Ltd.
      10. Taiwan Glass Industry Corporation
  9. Global Fiberglass Roving Market
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Global Fiberglass Roving Market Segmentation Analysis 2020-2030
      1. By Product Type
        1. Single-End Roving
        2. Multi-End Roving
        3. Chopped Roving
      2. By Glass Type
        1. E-Glass
        2. ECR-Glass
        3. H-Glass
        4. AR-Glass
        5. S-Glass
        6. Others
      3. By End-Use Industry
        1. Transportation
        2. Construction & Infrastructure
        3. Electrical & Electronics
        4. Pipes & Tanks
        5. Marine
        6. Aerospace & Defense
        7. Wind Energy
        8. Others
      4. By Region
        1. North America
        2. Europe
        3. Asia Pacific
        4. Latin America
        5. Middle East & Africa
  10. North America Fiberglass Roving Market
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Market Segmentation Analysis 2020-2030
      1. By Product Type
        1. Single-End Roving
        2. Multi-End Roving
        3. Chopped Roving
      2. By Glass Type
        1. E-Glass
        2. ECR-Glass
        3. H-Glass
        4. AR-Glass
        5. S-Glass
        6. Others
      3. By End-Use Industry
        1. Transportation
        2. Construction & Infrastructure
        3. Electrical & Electronics
        4. Pipes & Tanks
        5. Marine
        6. Aerospace & Defense
        7. Wind Energy
        8. Others
      4. By Country
        1. United States
        2. Canada
  11. Europe Fiberglass Roving Market
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Market Segmentation Analysis 2020-2030
      1. By Product Type
      2. By Glass Type
      3. By End-Use Industry
      4. By Country
        1. Germany
        2. UK
        3. France
        4. Spain
        5. Russia
        6. Rest of Europe
  12. Asia Pacific Fiberglass Roving Market
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Market Segmentation Analysis 2020-2030
      1. By Product Type
      2. By Glass Type
      3. By End-Use Industry
      4. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Rest of Asia Pacific
  13. Latin America Fiberglass Roving Market
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Market Segmentation Analysis 2020-2030
      1. By Product Type
      2. By Glass Type
      3. By End-Use Industry
      4. By Country
        1. Brazil
        2. Argentina
        3. Mexico
        4. Rest of Latin America
  14. Middle East & Africa Fiberglass Roving Market
    1. By Value (USD Million)
    2. By Volume (Thousand Tons)
    3. Market Segmentation Analysis 2020-2030
      1. By Product Type
      2. By Glass Type
      3. By End-Use Industry
      4. By Country
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  15. Primary Interview Analysis

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