According to a market report by Lucintel, 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 reach an estimated $5 billion by 2030 from $4 billion in 2023 at a CAGR of 4% from 2023 to 2030. The major drivers for 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.
Browse 89 figures/charts
and 76 tables in this 181-page report
to understand trends, opportunity and
forecast in glass fiber roving market to 2030 by end use industry
(construction, pipes and tanks, transportation, electrical & electronics,
wind energy, marine, consumer goods and others), fiber type (E-glass and
others), product (single end roving, multi end roving and woven roving),
processing resin type (thermoset and thermoplastic), composites manufacturing
process (filament winding, hand lay up, spray up, pultrusion, injection
molding, compression molding, and others), region (North America, Europe, Asia
Pacific, and Rest of the World).
Lucintel
forecasts that E-glass segment will remain the largest and the fastest growing
segment by value and volume due to usage in a wide range of applications
designed to face corrosive environments and better performance over traditional
glass fiber.
Construction
is projected to remain the largest end use industry due to its corrosive
resistivity and durability. Transportation is expected to witness the highest
growth due to government regulations, such as CAFE Standards in the US and
carbon emission targets in Europe, are putting pressure on OEMs to incorporate
lightweight materials to curb the overall vehicle weight are driving the demand
for the global glass fiber roving market.
Download
sample by clicking on glass fiber
roving market.
Asia
Pacific is expected to remain the largest region because of growth in
construction, transportation, and the pipes and tanks segments. Growing
economy, growth in population, and urbanization are the major forces that drive
the construction segment, especially in China and India.
Owens
Corning, Jushi Group, Taishan Fiberglass Inc, CPIC, Nippon Electric Glass are
the major suppliers in the glass fiber roving market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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