Press release
Global Fiberglass Roving Market: Exploring Market Size, Growth Rate, Key Drivers, and Trends
Fiberglass Roving Market Size
What Is The Projected Market Size Of The Global Fiberglass Roving Market And Its Growth Rate?
•The fiberglass roving market size has grown strongly from $9.53 billion in 2024 to $10.37 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%.
•The market size is expected to see further strong growth to $14.44 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%.
What Is Driving The Growth In The Fiberglass Roving Market?
The growth in the fiberglass roving market is being driven by a boost in demand in the wind energy sector. The wind energy sector uses fiberglass roving in the production of wind turbine blades, increasing their energy output and enabling the production of larger blades. According to the International Energy Agency, in 2022, wind electricity generation saw a remarkable increase of 265 TWh, representing a 14% rise, and surpassing 2,100 TWh in total output.
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Who Are the Key Players Driving Fiberglass Roving Market Growth?
Key players in the fiberglass roving market include:
•Saertex GmbH
•Saint-Gobain S.A.
•PPG Industries Inc.
•Owens Corning
•China Jushi Co. Ltd.
•Nippon Electric Glass Co. Ltd.
•Taiwan Glass Industry Corporation
•Johns Manville
•Knauf Insulation
•Nitto Boseki Co. Ltd.
•Chongqing Polycomp International Corporation
•Jiangsu Jiuding New Material Co. Ltd.
What Are The Key Trends In The Fiberglass Roving Market?
Key trends in the fiberglass roving market include:
•Marine industry applications
•Infrastructure rehabilitation projects
•Key players' collaborations
•Market penetration in Asia-Pacific
•Customization for specific end-use
What Are The Segments Of The Global Fiberglass Roving Market?
The fiberglass roving market is segmented as follows:
•Product Type: Single-End Roving, Multi-End Roving, Chopped Roving
•Fiberglass Type: E-glass, ECR-glass, H-glass, AR-glass, S-glass
•Application: Electrical And Electronics, Transportation, Construction And Infrastructure, Pipes And Tanks, Energy, Other Applications
Which Region Leads The Fiberglass Roving Market?
The largest region in the fiberglass roving market in 2024 was Asia-Pacific. With growing development, the regions involved in the fiberglass roving market are anticipated to see further growth.
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What Is Covered In The Fiberglass Roving Market Global Market Report?
- Market Size Analysis: Analyze the Fiberglass Roving Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fiberglass Roving Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fiberglass Roving Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fiberglass Roving Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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