Press Release

Fiberglass Roving Market is expected to grow at a robust CAGR

Fiberglass Roving Market is expected to grow owing to increasing demand from wind energy projects, pipes and tanks throughout the forecast period.

 

According to TechSci Research report, “Fiberglass Roving Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Fiberglass Roving Market is expected to register robust growth during the forecast period. The growing adoption of fiberglass in the production of aircraft body parts and automobiles, attributed to its lightweight properties and high strength, is expected to contribute significantly to market expansion. Moreover, the extensive utilization of fiberglass in the construction and building industry for composite and insulation applications is projected to drive further market growth throughout the forecast period.

In the pursuit of enhancing fuel efficiency and reducing emissions, the automotive industry continues to prioritize lightweighting. This emphasis presents a significant opportunity for fiberglass roving. Lightweight composites, reinforced with fiberglass roving, can be effectively employed in various automotive components, ranging from body panels and interiors to under-the-hood parts. With the ongoing transition to electric and hybrid vehicles, the demand for lightweight materials is further amplified to extend the driving range. Fiberglass roving manufacturers have the potential to collaborate with automakers in developing tailored solutions that precisely align with their lightweighting objectives.

 

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Based on type, the E segment is expected to dominate the market during the forecast period. E-glass fibers possess commendable tensile strength and stiffness, rendering them suitable for reinforcing composite materials utilized in structural components across diverse industries such as construction, automotive, and aerospace. Within the aerospace sector, E-glass composites find utility due to their unique combination of lightweight properties and mechanical strength. They are extensively employed in aircraft interiors, structures, and components where weight reduction is of utmost importance. Owing to its remarkable electrical insulation properties, E-glass is widely applied in electrical insulators, printed circuit boards, and electrical cables. With the escalating demand for electronic devices and the ongoing trend of component miniaturization, E-glass continues to find widespread application in this sector.

Manufacturers are progressively customizing E-glass fibers to cater to specific industry requirements. Surface treatments, sizing, and modifications can substantially enhance E-glass's compatibility with various resin systems and improve its adhesion properties. Furthermore, research and development efforts are dedicated to advancing the performance of E-glass composites in high-temperature and extreme environments. In conclusion, the E-glass segment of the global fiberglass roving market offers a multitude of opportunities and applications across an array of industries, including construction, automotive, aerospace, and electrical electronics. Despite facing competition from advanced fibers, E-glass persists as a versatile and cost-effective choice for numerous applications. Ongoing research and customization endeavors continue to augment its performance and expand its scope.

Based on end user, Construction segment is projected to dominate the market throughout the forecast period. The utilization of fiberglass roving in construction materials can significantly enhance energy efficiency. It facilitates the enhancement of thermal insulation, thereby reducing the energy required for heating and cooling buildings. With the increasing stringency of energy efficiency regulations, fiberglass roving has become an indispensable component in the realm of green building practices. In addition to its application in lightweight concrete, fiberglass roving is integrated into specialized lightweight materials employed in construction. These materials encompass insulation boards, fire-resistant materials, and lightweight structural components. They offer enhanced energy efficiency and fire resistance properties, aligning with the construction industry's paramount goals of sustainability and safety. Composite panels fortified with fiberglass roving reinforcements are progressively being employed in the construction of facades, walls, and roofing systems. These panels provide a combination of strength, insulation, and design flexibility. The continuous advancements in panel manufacturing and installation techniques are driving their widespread adoption in both commercial and residential construction. By contributing to sustainable construction practices, fiberglass roving plays a pivotal role in improving energy efficiency and reducing the consumption of primary materials. As the construction industry increasingly prioritizes sustainable building solutions, fiberglass roving is poised to assume a crucial position in achieving these objectives.

 

Key market players in the Global Fiberglass Roving Market are:-

  • Taiwan Glass Industry Corporation
  • PFG Fiberglass Corporation
  • Reliance Industries
  • Nitto Boseki Co. Limited
  • China National Building Material Company Limited
  • Nippon Electric Glass Co Ltd
  • Saint-Gobain Vetrotex
  • Binani Industries Ltd
  • AGY Holding Corporation
  • Johns Manville Corporation

 

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“The Fiberglass Roving Market in North America is poised to be the dominant force in the industry. In the Asia Pacific region, manufacturers of fiberglass roving are increasingly providing tailored solutions to meet the specific demands of industries such as automotive, wind energy, and construction. This growing trend of customizing products to suit local industry requirements reflects the dynamic and expanding market for fiberglass roving in the region, driven by the construction, automotive, wind energy, and marine sectors.”said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Fiberglass Roving Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (E, ECR, H, AR and S), By Product (Single-end, Multi-end and Chopped), By End User (Transportation, Construction, Electrical & Electronics, Pipe & Tank and Others), By Region, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Global Fiberglass Roving Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Fiberglass Roving Market.

 

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