The global market for Fiberglass Roving was estimated at US$11.7 Billion in 2023 and is projected to reach US$18.8 Billion by 2030, growing at a CAGR of 7.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Additionally, fiberglass roving’s corrosion resistance and durability make it suitable for infrastructure applications, such as bridge decks, rebar reinforcement, and pipelines. In regions experiencing construction growth, such as Asia-Pacific and North America, fiberglass roving is increasingly adopted to create stronger, longer-lasting structures. The versatility, durability, and lightweight nature of fiberglass roving are primary drivers of market growth as industries seek to meet performance and sustainability goals.
New weaving and manufacturing techniques, such as 3D weaving and multi-axial roving, are enabling the production of fiberglass roving that delivers enhanced strength and stiffness in multiple directions, supporting complex structural applications. Precision control in filament winding and pultrusion processes is also improving the quality and uniformity of fiberglass roving, making it suitable for high-performance applications. These technological advancements in manufacturing and materials science are enhancing fiberglass roving’s durability and versatility, positioning it as a crucial material for various industries.
In the renewable energy sector, the use of fiberglass roving in wind turbine blades supports the sustainability goals of the wind energy industry. Lightweight and strong fiberglass blades improve the efficiency of wind turbines, contributing to the overall cost-effectiveness of wind energy generation. As sustainability becomes a priority across industries, the eco-friendly properties of fiberglass roving are helping drive its adoption in applications where durability and low environmental impact are crucial.
Technological innovations in resin compatibility, weaving techniques, and manufacturing efficiency have expanded the application range of fiberglass roving, making it suitable for use in complex structural applications. Sustainability and environmental considerations are also boosting demand, as fiberglass roving supports long-lasting, low-maintenance solutions that reduce material and energy waste. These combined factors - performance demands, technological advancements, and sustainability goals - are driving robust growth in the fiberglass roving market, positioning it as an essential material for modern, eco-friendly manufacturing.
What Is Driving Demand for Fiberglass Roving in Various Industries?
The demand for fiberglass roving is growing across industries such as automotive, aerospace, construction, marine, and wind energy due to its high tensile strength, lightweight properties, and cost-effectiveness. Fiberglass roving, composed of continuous filaments of glass fiber, is widely used in composite materials to reinforce plastics, increasing strength and durability while keeping weight low. In the automotive and aerospace industries, fiberglass roving is valuable for lightweight components that improve fuel efficiency and reduce emissions. The renewable energy sector, particularly wind energy, uses fiberglass roving in the production of turbine blades, where the material`s strength and light weight contribute to increased energy efficiency and reduced manufacturing costs.Additionally, fiberglass roving’s corrosion resistance and durability make it suitable for infrastructure applications, such as bridge decks, rebar reinforcement, and pipelines. In regions experiencing construction growth, such as Asia-Pacific and North America, fiberglass roving is increasingly adopted to create stronger, longer-lasting structures. The versatility, durability, and lightweight nature of fiberglass roving are primary drivers of market growth as industries seek to meet performance and sustainability goals.
How Are Technological Advancements Impacting the Production and Quality of Fiberglass Roving?
Technological advancements in fiber manufacturing, resin formulation, and weaving techniques are enhancing the performance and versatility of fiberglass roving. Innovations in sizing agents - coatings applied to the fibers - are improving adhesion between the fiberglass and resin, which boosts the mechanical properties and lifespan of fiberglass-reinforced composites. Advanced resin systems, including high-temperature resins and epoxy formulations, are expanding the applications of fiberglass roving, enabling its use in high-temperature and chemically challenging environments like automotive engine components and industrial pipelines.New weaving and manufacturing techniques, such as 3D weaving and multi-axial roving, are enabling the production of fiberglass roving that delivers enhanced strength and stiffness in multiple directions, supporting complex structural applications. Precision control in filament winding and pultrusion processes is also improving the quality and uniformity of fiberglass roving, making it suitable for high-performance applications. These technological advancements in manufacturing and materials science are enhancing fiberglass roving’s durability and versatility, positioning it as a crucial material for various industries.
What Role Do Sustainability and Lightweighting Trends Play in Shaping the Fiberglass Roving Market?
Sustainability and lightweighting trends are significantly impacting the fiberglass roving market, as industries prioritize eco-friendly materials and energy efficiency. The lightweight properties of fiberglass roving align with automotive and aerospace goals to improve fuel efficiency and reduce carbon emissions by using lighter composite components. In the construction industry, fiberglass roving offers a sustainable alternative to traditional materials like steel, as it requires less energy to produce, is non-corrosive, and has a longer lifespan. These properties make it suitable for infrastructure projects where long-lasting, low-maintenance materials are essential for reducing environmental impact.In the renewable energy sector, the use of fiberglass roving in wind turbine blades supports the sustainability goals of the wind energy industry. Lightweight and strong fiberglass blades improve the efficiency of wind turbines, contributing to the overall cost-effectiveness of wind energy generation. As sustainability becomes a priority across industries, the eco-friendly properties of fiberglass roving are helping drive its adoption in applications where durability and low environmental impact are crucial.
What Factors Are Driving Growth in the Fiberglass Roving Market?
The growth in the fiberglass roving market is driven by demand for lightweight, durable materials, advancements in manufacturing processes, and increasing applications across high-performance sectors. As industries seek to improve performance and efficiency, fiberglass roving offers an ideal solution for reinforcing composites in lightweight structures. This demand is particularly strong in automotive, aerospace, and renewable energy, where lightweight materials are essential for improving fuel efficiency and reducing emissions.Technological innovations in resin compatibility, weaving techniques, and manufacturing efficiency have expanded the application range of fiberglass roving, making it suitable for use in complex structural applications. Sustainability and environmental considerations are also boosting demand, as fiberglass roving supports long-lasting, low-maintenance solutions that reduce material and energy waste. These combined factors - performance demands, technological advancements, and sustainability goals - are driving robust growth in the fiberglass roving market, positioning it as an essential material for modern, eco-friendly manufacturing.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Single-End Roving segment, which is expected to reach US$8.4 Billion by 2030 with a CAGR of a 7.6%. The Multi-End Roving segment is also set to grow at 7.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.0 Billion in 2023, and China, forecasted to grow at an impressive 10.7% CAGR to reach $4.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Fiberglass Roving Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Fiberglass Roving Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Fiberglass Roving Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Fiberglass Roving Market such as AGY Holdings Corp., BGF Industries, Inc., Binani Industries Ltd., Celanese Corporation, China Beihai Fiberglass Co., Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 43 companies featured in this Global Fiberglass Roving market report include:
- AGY Holdings Corp.
- BGF Industries, Inc.
- Binani Industries Ltd.
- Celanese Corporation
- China Beihai Fiberglass Co., Ltd.
- China National Building Material Company Ltd.
- Chongqing Polycomp International Corporation
- Jiangsu Jiuding New Material Co., Ltd.
- Johns Manville Corporation
- Jushi Group Co., Ltd.
- Nippon Electric Glass Co. Ltd.
- Nitto Boseki Co., Ltd.
- Owens Corning
- P-D Glasseiden GmbH
- PFG Fiberglass Corporation
- Reliance Industries
- Saertex GmbH
- Saint-Gobain S.A.
- Taishan Fiberglass, Inc.
- Taiwan Glass Industry Corp.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
Some of the 43 companies featured in this Global Fiberglass Roving market report include:- AGY Holdings Corp.
- BGF Industries, Inc.
- Binani Industries Ltd.
- Celanese Corporation
- China Beihai Fiberglass Co., Ltd.
- China National Building Material Company Ltd.
- Chongqing Polycomp International Corporation
- Jiangsu Jiuding New Material Co., Ltd.
- Johns Manville Corporation
- Jushi Group Co., Ltd.
- Nippon Electric Glass Co. Ltd.
- Nitto Boseki Co., Ltd.
- Owens Corning
- P-D Glasseiden GmbH
- PFG Fiberglass Corporation
- Reliance Industries
- Saertex GmbH
- Saint-Gobain S.A.
- Taishan Fiberglass, Inc.
- Taiwan Glass Industry Corp.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 94 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 11.7 Billion |
| Forecasted Market Value ( USD | $ 18.8 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
