DUBLIN--(BUSINESS WIRE)--The "Fiberglass Roving Market by Fiber Glass Type, Product Type, End-use Industry and Region Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The fiberglass roving market size is estimated at USD 8.24 billion in 2018 and is projected to reach USD 11.02 billion by 2023, at a CAGR of 6.0% between 2018 and 2023.
Fiberglass roving is widely used in end-use industries such as wind energy, transportation, and electrical & electronics. In the wind energy industry, fiberglass roving is used in wind turbine blades and nacelles. The increasing number of wind energy capacity installations is driving the demand for fiberglass roving, as it is economical and provide high performance.
The governments and energy planners in various countries are diversifying their energy mix, protecting their economies from volatile fossil fuel prices, and fighting against harmful greenhouse gas (GHG) emissions. Apart from this, the significant demand from the emerging economies is one of the major opportunities for the fiberglass roving market.
The growth of the market in the wind end-use industry can largely be attributed to innovations in the integration of lightweight fiberglass roving products, which have facilitated increasingly larger blade lengths in the wind energy industry. Fiberglass roving is the ideal choice of material for wind turbine blades, in terms of structural efficiency, as the high specific stiffness limits tip deflections.
The fiberglass roving market in APAC is projected to register the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand for fiberglass roving from the region's growing automotive & transportation and wind energy industries that extensively use fiberglass roving.
Companies such as Owens Corning (US), Jushi Group (China), Chongqing Polycomp International Corp. (China), and Taishan Fiberglass (China) are some of the leading players in the global fiberglass roving market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Overview and Key Trends
7 Fiberglass Roving Market, By Glass Fiber Type
8 Fiberglass Roving Market, By Product Type
9 Fiberglass Roving Market, By End-Use Industry
10 Fiberglass Roving Market, By Region
11 Competitive Landscape
12 Company Profiles
- Owens Corning
- Jushi Group Co., Ltd.
- Chongqing Polycomp International Corporation
- Johns Manville Corporation
- Saint-Gobain S.A.
- Nippon Electric Glass Co. Ltd.
- Taishan Fiberglass, Inc.
- AGY Holdings Corp.
- China Beihai Fiberglass Co., Ltd.
- Taiwan Glass Industry Corp.
- Binani Industries Ltd.
- BGF Industries, Inc.
- Nitto Boseki Co., Ltd.
- Jiangsu Jiuding New Material Co., Ltd.
- PFG Fiberglass Corporation
- Celanese Corporation
- Saertex GmbH
- Reliance Industries
- China National Building Material Company Ltd.
- P-D Glasseiden GmbH
