Global Fiberglass Roving Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Fiberglass Roving Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Fiberglass Roving Market Size and Projected Growth Rate?
The market size of fiberglass roving has experienced substantial growth in previous years. From $9.53 billion in 2024, it is expected to rise to $10.37 billion in 2025, showing a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this growth during the historic period include the development of construction and infrastructure, demand from the automotive industry, its extensive usage in wind energy, boat and marine production, as well as expansion in aerospace applications.

The market size of fiberglass roving is poised for substantial growth in the coming years, expected to reach $14.44 billion in 2029, expanding at a compound annual growth rate (CAGR) of 8.6%. The projected growth within the forecast period can be accredited to factors such as the amplification of renewable energy, lightweight trends in transportation, improvements in composite manufacturing, infrastructure restoration projects, and a surge in demand for top-quality materials. Main trends in the forecasted period would be the application in the marine industry, infrastructure restoration projects, collaborations between key players, market infiltration in the Asia-Pacific region, and tailoring for specific end-use.

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What Are the Major Segments in the Fiberglass Roving Market?
The fiberglass roving market covered in this report is segmented -

1) By Product Type: Single-End Roving, Multi-End Roving, Chopped Roving
2) By Fiberglass Type: E-glass, ECR-glass, H-glass, AR-glass, S-glass
3) By Application: Electrical And Electronics, Transportation, Construction And Infrastructure, Pipes And Tanks, Energy, Other Applications

Subsegments:
1) By Single-End Roving: Standard Single-End Roving, High-Performance Single-End Roving
2) By Multi-End Roving: Standard Multi-End Roving, High-Strength Multi-End Roving
3) By Chopped Roving: Chopped Roving For Hand Lay-Up, Chopped Roving For Spray-Up, Chopped Roving For Pultrusion

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What Are The Driving Fiberglass Roving Market Evolution?
The fiberglass roving market is projected to flourish due to escalating needs from the wind energy industry. This industry is involved in numerous activities such as manufacturing, building, and maintaining wind turbines along with other wind power equipment. Fiberglass roving is essential as it enables the fabrication of larger wind turbine blades, intensifying the turbines' energy output. It's an important component used in the creation of nacelles and wind turbine blades in the wind energy sector. For example, the International Energy Agency, a French intergovernmental organization, reported in July 2023 that wind electricity production saw a significant rise of 265 TWh, demonstrating a 14% growth and exceeding a total of 2,100 TWh in 2022. This data highlighted it as the second fastest growing renewable energy technology. Consequently, the rising needs from the wind energy industry are catalyzing the expansion of the fiberglass roving market.

Which Firms Dominate The Fiberglass Roving Market Segments?
Major companies operating 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., Chomarat Group, AGY Holdings Corp., 3B - the fiber glass company, Fiberlay Inc., Nittobo America Inc., Saint-Gobain Vetrotex, Taishan Fiberglass Inc., China Beihai Fiberglass Co. Ltd., PFG Fiberglass Corporation,P-D Glasseiden GmbH, Glass Fiber Technology Co. Ltd.

What Trends Are Expected to Dominate the Fiberglass Roving Market in the Next 5 Years?
The primary trend observed in the fiberglass roving market revolves around product creativity and innovation. Major corporations are striving to devise innovative products to affirm their dominance in the market. For instance, March 2023 saw the launch of StarRovLFTplus Fiberglass Roving by Johns Manville, a US-based firm specialising in insulation, roofing materials, and engineered products. This fiberglass direct roving is expressly crafted for long fiber-reinforced thermoplastic (LFRT) applications, providing a steadfast and reliable solution for structural automotive applications. Alongside the launch, Johns Manville also announced collaboration with Zhongbao Ruiheng Technology Co. Ltd, a China-based composite materials manufacturer. This alliance is expected to elevate Johns Manville's market presence in China by introducing it to novel customers and enhancing their knowledge in composite materials. The chief focus of this product is the automotive sector, particularly structural usage like bumper beams and front-end carriers.

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Which Is The Largest Region In The Fiberglass Roving Market?
Asia-Pacific was the largest region in the fiberglass roving market in 2024. The regions covered in the fiberglass roving market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fiberglass Roving Market?
2. What is the CAGR expected in the Fiberglass Roving Market?
3. What Are the Key Innovations Transforming the Fiberglass Roving Industry?
4. Which Region Is Leading the Fiberglass Roving Market?

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