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The future of the global glass fiber roving market looks promising with opportunities in the construction, pipes and tanks, transportation, electrical & electronics, wind energy, marine, consumer goods and others end use industry. The global glass fiber roving market is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $3.7 billion by 2025 with a CAGR of 2%-4% from 2019 to 2025. The major drivers for growth in this market are increasing demand for lightweight materials in the transportation industry, corrosion and chemical resistance materials demand in construction and pipe & tank industry, electrical resistivity and high flame retardant materials demand in electrical and electronics industry.
Increasing focus on high tensile modulus glass fiber roving is the only emerging trend, which has a direct impact on the dynamics of the industry. Owens Corning, Jushi, Nippon Electric Glass Co. Ltd., Taishan Fiberglass Inc., Chongqing Polycomp International Corporation (CPIC), Taiwan Glass Group, Johns Manville, Sichuan Weibo. Co., Ltd., 3B the Fiber Glass Company, and Nitto Boseki Co., Ltd. are the major manufacturers of glass fiber rovings.
A total of 118 figures / charts and 121 tables are provided in this 220-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the global glass fiber roving market report, please download the report brochure.
The study includes trends and forecast for the global glass fiber roving market by end use industry, fiber type, manufacturing process, reinforcement and region as follows:
By End Use Industry [$M shipment and Volume (M lbs) analysis for 2014 – 2025]:
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Construction
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Pipes and tanks
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Transportation
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Electrical and Electronics
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Wind Energy
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Marine
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Consumer Goods
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Others
By Fiber Type [$M shipment and Volume (M lbs) analysis for 2014 – 2025]:
By Product [$M shipment and Vo