Fiberglass roving is made of hundreds of tiny glass filaments. The roving is eventually reinforced with a chemical binding material to create a protected cohesive strand. The term “roving” can refer to the actual process of bundling such materials together, or the finished roll of strands.
Market Analysis and Insights: Global Fiberglass Woven Roving Market
Due to the COVID-19 pandemic, the global Fiberglass Woven Roving market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Single-end Roving accounting for % of the Fiberglass Woven Roving global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Transportation segment is altered to an % CAGR throughout this forecast period.
Currently, APAC is the largest consumer of fiberglass roving. China, Japan, and India are the major fiberglass roving markets in APAC due to the growing wind energy, construction & infrastructure, pipes & tanks, and electrical & electronics industries. The fiberglass roving market in APAC is also projected to register the highest CAGR during the forecast period. The growing demand for environmentally-friendly products as well as stringent emission control policies has made APAC the largest fiberglass roving market.
Global Fiberglass Woven Roving Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Fiberglass Woven Roving Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Single-end Roving
Multi-end Roving
Chopped Roving
Segment by Application
Transportation
Construction & Infrastructure
Electrical & Electronics
Pipes & Tanks
Marine
Aerospace & Defense
Wind Energy
Others
By Company
Owens Corning
Jushi Group
Chongqing Polycomp
Johns Manville
Saint-Gobain
Nippon Electric Glass
Taishan Fiberglass
AGY
China Beihai Fiberglass
Taiwan Glass
Nitto Boseki
Jiangsu Jiuding New Material
Celanese
China National Building Material
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina