Global Fiberglass Roving Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global fiberglass roving market in its upcoming report titled, “Global Fiberglass Roving Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global fiberglass roving market is estimated to register a CAGR of approximately 6.0% in terms of value during forecast period 2018 to 2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global fiberglass roving market has been segmented on the basis of product type, end-use industry, glass fiber type, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Fiberglass roving is made of hundreds of tiny glass filaments and is eventually reinforced with a chemical binding material to create a protected cohesive strand. Roving term can refer to actual process of bundling materials together, or finished roll of strands. Woven fiberglass is available in a wide variety of weaves, widths, weights, and finishes. Fiberglass roving is often sold as woven roving since; woven textiles typically have much higher levels of strength.

Growing consumption of fiberglass roving, owing to its increasing use in the construction and infrastructure industry is a major factor driving growth of the global fiberglass roving market. In addition, rising demand for fiberglass roving owing to, increasing wind energy installations is another factor expected to fuel growth of the target market over the forecast period. Also, increasing adoption composites made with fiberglass roving in the transportation industry is another factor expected to propel growth rate of the global market in the near future.

However, issues associated with the recycling of fiberglass roving is major factor expected to limit growth of the global fiberglass roving market over the forecast period.

Currently, market in Asia-Pacific accounts for highest market share in the global fiberglass roving market in terms of revenue. This can be attributed growing demand for fiberglass roving, owing to growing various end-use industries such as wind energy, construction and infrastructure, pipes and tanks, and electrical and electronics in the region especially from countries such as China, Japan, and India. Moreover, growing demand for environmentally-friendly products as well as stringent emission control policies are another factors expected to support growth of the target market in the region over the forecast period. The market in Europe is also expected to witness significant growth over the forecast period, owing to increasing demand for fiberglass roving in the construction and infrastructure industry, in the region. Also the market in Asia-Pacific is expected to register a CAGR of X.X% during the forecast period.

Global fiberglass roving market segmentation:

By product type:

• Single-end roving
• Multi-end roving
• Chopped roving

By glass fiber type:

• E-glass
• ECR-glass
• H-glass
• AR-glass
• S-glass
• Others

By end-use industry:

• Transportation
• Construction & infrastructure
• Electrical & electronics
• Pipes & tanks
• Marine
• Aerospace & defense
• Wind energy
• Others

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa