Fiberglass Roving Market Growth Drivers and Challenges:
Growth Drivers
- Dynamic Properties that Make Fiberglass Roving to be Used in Various Verticals - Fiberglass is thought to be the backbone of the composites industry. It has been used in a variety of composite applications for decades, and its physical properties are very well comprehended in the industry. It is lightweight, has moderate tensile strength, and is easier to handle. For instance, the main component of all fiberglass is silica (SiO2), but the addition of other oxides such as Al2O3, B2O3, CaO, and so on allows for modification of the glass fiber properties and performance.
- Surge in Electronics Industry – For instance, since mid-2020, the global electronics industry indicated strong growth. South Korean ICT exports have increased by 19 percent year on year to USD 122 billion during the first six months of 2022, contributing 37% of total South Korean exports. South Korean semiconductor exports increased by nearly 22% year on year, reaching around USD 71 billion. Whereas, in the first six months of 2022, semiconductor exports in Japan increased by nearly 17% year on year.
- Significant Escalation in Transportation Industry - By 2027, the global transportation industry is expected to be worth around USD 7.5 trillion.
- Upsurge in Insulating Applications - In July 2022, China's insulated wire or cable export increased to USD 2351215, up from USD 2375490 in June 2022.
- Increase in Aerospace and Defense Manufacturing – For instance, in 2021, the aerospace and defense manufacturing industry have expanded by around 7.7%, and it’s estimated to see an expansion of around 25% in the year 2022.
Challenges
- Difficulties in Recycling Glass Wool - Recycling is essential to lessen the bad effects on the environment, as well as to cut back on disposal expenses and the production of raw materials. According to Glass Fiber Europe, the production of glass fibers and the resin used in the matrix requires between 13 and 45 MJ/kg and 76 and 137 MJ/kg of energy each, with additional fossil fuel usage and significant environmental effects.
- Health Risks Coupled with Fiberglass
- Stringent Policies of Government
Fiberglass Roving Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
5.1% |
|
Base Year Market Size (2025) |
USD 6.77 billion |
|
Forecast Year Market Size (2035) |
USD 11.13 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of fiberglass roving is evaluated at USD 7.08 billion.
The global fiberglass roving market size was worth more than USD 6.77 billion in 2025 and is poised to witness a CAGR of over 5.1%, crossing USD 11.13 billion revenue by 2035.
Asia Pacific’s fiberglass roving market dominates with a 58.4% share by 2035, driven by escalating investment in infrastructure and growing demand for fiberglass roving across varied end-use industries.
Key players in the market include Owens Corning, China Jushi Co., Ltd., Johns Manville, Saint-Gobain Vetrotex, Taishan Fiberglass Inc., (CTG), Nippon Electric Glass Co., Ltd, AGY Holding Corp., Taiwan Glass Industry Corporation, China Beihai Fiberglass Co., Ltd, Binani Industries Ltd.
