Fiberglass Roving Market

Fiberglass Roving Market worth $11.02 billion by 2023

The report "Fiberglass Roving Market by Fiber Glass Type (E, ECR, H, AR, S),Product Type(Single-end, Multi-end, Chopped),End-use Industry (Transportation, Construction, Electrical & Electronics, Pipe & Tank, Wind, Aerospace, Marine),and Region Global Forecast to 2023" The fiberglass roving market is projected to grow from USD 8.24 billion in 2018 to USD 11.02 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. The demand for fiberglass roving is increasing owing to its high strength, excellent creep resistance, electrical insulation, corrosion resistance, and low density. The fiberglass roving market is driven by its increasing use in the transportation, wind energy, pipes & tanks, construction & infrastructure, and other end-use industries.

           Request Sample      Request Sample    download pdf

Browse 78 market data Tables and 47 Figures spread through 133 Pages and in-depth TOC on "Fiberglass Roving Market by Fiber Glass Type (E, ECR, H, AR, S),Product Type(Single-end, Multi-end, Chopped),End-use Industry (Transportation, Construction, Electrical & Electronics, Pipe & Tank, Wind, Aerospace, Marine),and Region Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/fiberglass-roving-market-132583551.html
Early buyers will receive 10% customization on reports.

The E-glass fiber type segment is expected to lead the fiberglass roving market, in terms of volume, during the forecast period.

The E-glass fiber type segment accounted for a major share in the global fiberglass roving market, in terms of value, in 2018. Fiberglass roving made with E-glass are cost-efficient and offer a wide range of beneficial properties such as corrosion resistance, lightweight, high electrical insulation, and moderate strength. The growing demand from the electrical & electronics and transportation industries is expected to drive the market during the forecast period.

Transportation is the largest end-use industry of fiberglass roving, in terms of value.

The market in the transportation end-use industry accounted for the largest share, in terms of value, in 2018. Owing to its lightweight, fiberglass roving is used as substitutes of aluminum and steel in the transportation industry. Fiberglass roving composite products are lighter than traditional metals by 15–20%; and therefore, the weight of a vehicle can be reduced by 60% with the use of composite components. This increases the fuel efficiency of the vehicle and reduces its carbon footprint. In addition, stringent regulations such as CAFE and UNEP in North America and Europe have been laid down to reduce greenhouse gas emissions through the use of lightweight and fuel-efficient materials in structural components of vehicles. This has encouraged the transportation industry in North America and Europe to adopt fiberglass roving.

Asia Pacific accounted for a major share of the fiberglass roving market in 2018

Asia Pacific accounted for the largest share of the global fiberglass roving market in 2018 owing to its high demand from the wind energy, electrical & electronics, transportation and construction & infrastructure end-use industries, accompanied by regulatory norms mandating the use of eco-friendly materials. The growth of the wind energy industry in the region has increased the demand for lightweight and strong fiberglass roving. The greater focus by India and China on the production of electricity through renewable resources and the increasing wind installations in China, Japan, India, and other emerging countries are expected to drive the fiberglass roving market in the region. The construction sector is also driving the fiberglass roving market, especially in China and Japan.

Some of the key players in the fiberglass roving market are Owen Corning (US), Jushi Group (China), Nippon Electric Glass (Japan), and Saint Gobain Vetrotex (France). These players have adopted various organic and inorganic growth strategies in the past 5 years to maintain their position in the global fiberglass roving market.

Don’t miss out on business opportunities in Fiberglass Roving Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
CH 6595
Published ON
Sep, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Fiberglass Roving Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved