Fiberglass Roving Market Size, Share, Industry Trends and Forecast to 2033
This comprehensive market report covers the Fiberglass Roving industry, providing insights into market size, growth forecasts from 2023 to 2033, key segments, regional analysis, and future trends impacting the market.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $1.50 Billion |
| CAGR (2023-2033) | 6.7% |
| 2033 Market Size | $2.92 Billion |
| Top Companies | Owens Corning, Johns Manville, Nippon Electric Glass Co., Ltd., PPG Industries, Inc., Saint-Gobain |
| Last Modified Date | 15 Nov 2024 |
Fiberglass Roving Market Report (2023 - 2033)
Fiberglass Roving Market Overview
What is the Market Size & CAGR of Fiberglass Roving market in 2023?
Fiberglass Roving Industry Analysis
Fiberglass Roving Market Segmentation and Scope
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Fiberglass Roving Market Analysis Report by Region
Europe Fiberglass Roving Market Report:
In Europe, the market is anticipated to rise from USD 0.47 billion in 2023 to USD 0.91 billion by 2033. The region's emphasis on renewable energy and sustainability is fostering demand for advanced composite materials in wind energy applications, automotive, and aerospace industries.Asia Pacific Fiberglass Roving Market Report:
In Asia Pacific, the fiberglass roving market is expected to grow from USD 0.28 billion in 2023 to USD 0.54 billion by 2033. The region is witnessing rapid industrialization and urbanization, leading to increased demand in construction and automotive sectors. Countries like China and India are significant contributors to this growth due to their large manufacturing bases.North America Fiberglass Roving Market Report:
The North American fiberglass roving market is estimated to increase from USD 0.57 billion in 2023 to USD 1.10 billion by 2033. The United States is leading this growth, driven by advancements in automotive manufacturing and increasing adoption of fiberglass in construction applications, spurred by energy efficiency mandates.South America Fiberglass Roving Market Report:
In South America, the market is projected to grow from USD 0.11 billion in 2023 to USD 0.22 billion by 2033. The region's growing infrastructure investments, particularly in Brazil and Argentina, are expected to drive the demand for fiberglass roving. However, economic uncertainties may pose challenges to sustained growth.Middle East & Africa Fiberglass Roving Market Report:
The Middle East and Africa market is forecasted to grow from USD 0.07 billion in 2023 to USD 0.14 billion by 2033. Despite being a smaller market, ongoing investments in infrastructure and increasing industrial activities in countries like the UAE and South Africa are key growth factors.Request a custom research report for industry.
Fiberglass Roving Market Analysis By Product
Global Fiberglass Roving Market, By Product Type Market Analysis (2023 - 2033)
The fiberglass roving market by product type includes continuous roving, chopped strands, and specialized rovings. Continuous rovings dominate the market with a share of 65.59% in 2023, and this is projected to grow to 65.59% in 2033, driven by their widespread use in various composite applications due to their superior mechanical properties. Chopped strands constitute 28.16% of the market share in 2023 and are expected to remain significant due to their use in construction and automotive applications. Specialized rovings, although smaller in share at 6.25%, provide unique properties that cater to niche applications, holding potential for growth as industries seek customized solutions.
Fiberglass Roving Market Analysis By Application
Global Fiberglass Roving Market, By Application Market Analysis (2023 - 2033)
The application segments of the fiberglass roving market are varied, covering construction, automotive, aerospace, and marine, among others. The construction segment leads with a market share of 45.88% in 2023, growing to 45.88% by 2033, owing to the rising demand for reinforced materials in building and infrastructure projects. The automotive sector follows with a share of 20.68%, buoyed by innovations in lightweight vehicle design. Aerospace applications account for 13.41% and are expected to grow due to increasing aircraft production rates and the need for lightweight materials.
Fiberglass Roving Market Analysis By End Use
Global Fiberglass Roving Market, By End-Use Industry Market Analysis (2023 - 2033)
End-use industries for fiberglass roving include construction, transportation, marine, and industrial applications. The construction industry remains the largest end-user segment, utilizing fiberglass roving for reinforced structures and panels. Transportation, including automotive and aerospace, is critical as manufacturers seek to reduce weight for improved fuel efficiency. Marine applications leverage fiberglass for boat hulls and structures, ensuring durability and resistance to marine environments.
Fiberglass Roving Market Analysis By Form
Global Fiberglass Roving Market, By Form Market Analysis (2023 - 2033)
The market by form includes sheets, tapes, and rovings. Sheets hold a substantial market share, accounting for approximately 65.59% in 2023, while tapes comprise about 28.16%. Sheets are utilized extensively in various applications due to their ease of use and versatility. Tapes are gaining traction for their application in composite repair and reinforcement, offering enhanced bonding properties.
Fiberglass Roving Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Fiberglass Roving Industry
Owens Corning:
A prominent player in the fiberglass market, Owens Corning specializes in insulation, roofing, and composite materials, providing innovative and sustainable solutions.Johns Manville:
A subsidiary of Berkshire Hathaway, Johns Manville offers fiberglass products tailored for various industrial applications, focusing on quality and performance.Nippon Electric Glass Co., Ltd.:
This Japanese company is known for its development of high-performance glass materials, including fiberglass volvic roving used in both industrial and consumer applications.PPG Industries, Inc.:
PPG is a global supplier of paints, coatings, and specialty materials, producing fiberglass rovings that cater to the automotive and construction sectors.Saint-Gobain:
A leader in construction and building materials, Saint-Gobain provides advanced fiberglass solutions that contribute to energy savings and sustainability.We're grateful to work with incredible clients.
