PUBLISHER: The Business Research Company | PRODUCT CODE: 1669618
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669618
Fiberglass roving represents a denser fiberglass fabric manufactured from a singular bundle of continuous filaments. This material finds application in various processes such as pultrusion, multi-axial weaving, and filament winding, serving purposes in weaving tasks, cement board production, and other industrial functions.
The primary categories of fiberglass roving products include single-end roving, multi-end roving, and chopped roving. Single-end roving serves as the primary reinforcing fiber for filament winding and pultrusion applications. It also acts as the foundational fiber for woven roving and knitted textiles. Various types of fiberglass, such as e-glass, ECR-glass, H-glass, AR-glass, and S-glass, are utilized across a wide range of applications. These applications span industries such as electrical and electronics, transportation, construction and infrastructure, pipes and tanks, energy, and other industrial sectors.
The fiberglass roving market research report is one of a series of new reports from The Business Research Company that provides fiberglass roving market statistics, including fiberglass roving industry global market size, regional shares, competitors with a fiberglass roving market share, detailed fiberglass roving market segments, market trends and opportunities, and any further data you may need to thrive in the fiberglass roving industry. This fiberglass roving market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fiberglass roving market size has grown strongly in recent years. It will grow from $9.53 billion in 2024 to $10.37 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to construction and infrastructure development, automotive industry demand, widespread use in wind energy, boat and marine manufacturing, and growth in aerospace applications
The fiberglass roving market size is expected to see strong growth in the next few years. It will grow to $14.44 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to renewable energy expansion, lightweight trends in transportation, infrastructure rehabilitation projects, advancements in composites manufacturing, and growing demand for high-performance materials. Major trends in the forecast period include marine industry applications, infrastructure rehabilitation projects, key players' collaborations, market penetration in Asia-Pacific, and customization for specific end-use.
The increasing demand from the wind energy sector is expected to drive the growth of the fiberglass roving market in the future. The wind energy sector encompasses industries involved in the development, production, construction, and maintenance of wind turbines and other power-generating devices. In this sector, fiberglass roving is crucial for producing larger wind turbine blades, which enhances the energy output of turbines. It is a material commonly used in the manufacture of nacelles and wind turbine blades. For instance, in July 2023, the International Energy Agency, a France-based intergovernmental organization, reported that in 2022, wind electricity generation saw a significant increase of 265 TWh, a 14% rise, bringing the total output to over 2,100 TWh. This represented the second highest growth rate among all renewable energy technologies. Therefore, the growing demand from the wind energy sector is propelling the fiberglass roving market forward.
The expanding construction industry is anticipated to drive the growth of the fiberglass roving market in the coming years. The construction industry encompasses the sector responsible for the creation, renovation, and maintenance of structures and infrastructure. Fiberglass roving offers a combination of strength, durability, versatility, and cost-effectiveness in this sector. For example, in November 2023, the Office for National Statistics, a UK-based executive office of the UK Statistics Authority, reported a 59.4% annual increase in company insolvencies within the construction industry. In 2022, overall new work rose by £18,161 million ($22,701.25 million), propelled by increases in both public and private sectors, which grew by 13.1% and 16.8%, respectively. Additionally, 2022 saw a 15.8% rise in the value of new construction activity in Great Britain, reaching a record high of £132,989 million ($166,236.25 million). Therefore, the growing construction industry is driving the fiberglass roving market forward.
A prominent trend gaining traction in the fiberglass roving market is product innovation. Major companies in this market are actively focused on developing innovative products to strengthen their market positions. In March 2023, Johns Manville, a US-based manufacturer of insulation, roofing materials, and engineered products, launched StarRovLFTplus Fiberglass Roving. This product, specifically designed for long fiber-reinforced thermoplastic (LFRT) applications, offers a robust solution for structural automotive applications. Johns Manville's collaboration with Zhongbao Ruiheng Technology Co. Ltd., a China-based manufacturer of composite materials, is expected to enhance its market share in China, providing access to a new clientele and additional knowledge in composite materials. The target market for this innovative product is the automotive sector, particularly for structural applications such as bumper beams and front-end carriers.
Prominent companies in the fiberglass roving market are actively focusing on technological innovations in manufacturing processes, showcasing advancements such as Interwet-LFI technology to solidify their market positions. Interwet-LFI technology is designed to enhance the structure of aesthetically designed polymer components by applying a Glass Fiber Reinforced Polyurethane (GFR-PU) layer to the reverse side, thereby adding stiffness, strength, and durability. This technology proves particularly beneficial for external body panels in automotive and agricultural vehicles. A noteworthy example is the launch of Interwet-LFI technology by Cannon Plas Tec, an Italy-based plastic processing manufacturing company, in October 2023. Cannon Plas Tec's Interwet-LFI technology is specifically tailored for GFR-PU structural, lightweight, and aesthetic composite applications, contributing to the production of glass fiber-reinforced polyurethane (GFR-PU) parts. The technology's autonomy and adaptability allow Cannon to produce a diverse range of fillers with a fiber volume fraction (FVF) of up to 50%. The spraying cycle of this innovative technology facilitates the adjustment of fiber loading and reinforcing length, ranging from 12.5 to 100 mm, optimizing tensile strength. Furthermore, fiber orientation is carefully regulated by deflectors positioned near the spray head's nozzles. This level of control enables the manufacturing of thicker load-bearing components and shallow or deep-ribbed, thin-walled parts with a more consistent lay-down. Cannon Plas Tec's Interwet-LFI technology reflects a commitment to cutting-edge manufacturing processes in the fiberglass roving market, offering enhanced capabilities and versatility in meeting industry demands.
In February 2023, Saint-Gobain Group, a France-based manufacturer of construction materials, acquired U.P. Twiga Fiberglass Ltd. for an undisclosed sum. This acquisition aims to reinforce Saint-Gobain's leadership and broaden its range of solutions for light and sustainable construction. U.P. Twiga Fiberglass Ltd. is an India-based company specializing in the production of high-quality fiberglass roving for various industrial applications.
Major companies operating in the fiberglass roving market include Saertex GmbH, Saint-Gobain S.A., PPG Industries Inc., Owens Corning, China Jushi Co. Ltd., Nippon Electric Glass Co. Ltd., Taiwan Glass Industry Corporation, Johns Manville, Knauf Insulation, Nitto Boseki Co. Ltd., Chongqing Polycomp International Corporation, Jiangsu Jiuding New Material Co. Ltd., Chomarat Group, AGY Holdings Corp., 3B - the fiber glass company, Fiberlay Inc., Nittobo America Inc., Saint-Gobain Vetrotex, Taishan Fiberglass Inc., China Beihai Fiberglass Co. Ltd., PFG Fiberglass Corporation,P-D Glasseiden GmbH, Glass Fiber Technology Co. Ltd.
Asia-Pacific was the largest region in the fiberglass roving market in 2024. The regions covered in the fiberglass roving market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the fiberglass roving market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The fiberglass roving market consists of sales of A-glass fiber, D-glass fiber, ECR glass fiber, and S-2 glass fiber. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fiberglass Roving Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fiberglass roving market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fiberglass roving ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fiberglass roving market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.