Global Fiberglass Roving Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Glass Fiber Type;

E-glass Fiber, ECR-glass Fiber, H-glass Fiber, AR-glass, S-glass Fiber, and Others.

By Product Type;

Single-End Roving, Multi-End Roving, and Chopped Roving.

By Process;

Pultrusion, Filament Winding, Compression Molding, and Layup Process.

By Application;

Aerospace, Automotive, Construction, Marine, and Electronics.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn144454127 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Fiberglass Roving Market (USD Million), 2021 - 2031

In the year 2024, the Global Fiberglass Roving Market was valued at USD 8,936.26 million. The size of this market is expected to increase to USD 13,172.88 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.7%.

The global fiberglass roving market is experiencing significant growth driven by the increasing demand for lightweight, durable, and corrosion-resistant materials across various industries. Fiberglass roving, a continuous strand of glass fibers, is essential in the production of composite materials used in sectors such as automotive, aerospace, construction, and renewable energy. Its unique properties, including high tensile strength, flexibility, and thermal stability, make it an ideal reinforcement material, contributing to enhanced performance and longevity of the end products.

One of the key factors propelling the market is the rising adoption of composite materials in the automotive and aerospace industries, where weight reduction is crucial for improving fuel efficiency and reducing emissions. Additionally, the construction sector's shift towards sustainable and resilient building materials is boosting the demand for fiberglass roving. The renewable energy sector, particularly wind energy, is another major driver, as fiberglass roving is extensively used in the manufacturing of wind turbine blades, which require materials that can withstand harsh environmental conditions while maintaining structural integrity.

The market is also influenced by continuous advancements in fiberglass roving technologies and manufacturing processes, leading to improved product performance and cost-effectiveness. Companies are investing in research and development to create innovative fiberglass roving solutions tailored to specific applications, further expanding their market reach. As industries increasingly prioritize sustainability and performance, the global fiberglass roving market is poised for robust growth, driven by its versatile applications and the ongoing trend towards advanced composite materials.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Glass Fiber Type
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Process
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Fiberglass Roving Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Lightweight Demand
        2. Durability Needs
        3. Renewable Energy Growth
        4. Automotive Advancements
      2. Restraints
        1. High Production Costs
        2. Raw Material Price Volatility
        3. Environmental Regulations
        4. Complex Manufacturing Processes
      3. Opportunities
        1. Technological Innovations
        2. Sustainable Materials
        3. New Composite Applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitivw Rivalry
  5. Market Segmentation
    1. Global Fiberglass Roving Market, By Glass Fiber Type, 2021 - 2031 (USD Million)
      1. E-glass Fiber
      2. ECR-glass Fiber
      3. H-glass Fiber
      4. AR-glass
      5. S-glass Fiber
      6. Others
    2. Global Fiberglass Roving Market, By Product Type, 2021 - 2031 (USD Million)
      1. Single-End Roving
      2. Multi-End Roving
      3. Chopped Roving
    3. Global Fiberglass Roving Market, By Process, 2021 - 2031 (USD Million)
      1. Pultrusion
      2. Filament Winding
      3. Compression Molding
      4. Layup Process
    4. Global Fiberglass Roving Market, By Application, 2021 - 2031 (USD Million)
      1. Aerospace
      2. Automotive
      3. Construction
      4. Marine
      5. Electronics
    5. Global Fiberglass Roving Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Owens Corning
      2. Jushi Group Co., Ltd.
      3. Chongqing Polycomp International Corporation
      4. Johns Manville Corporation
      5. Saint-Gobain S.A.
      6. Nippon Electric Glass Co. Ltd.
      7. Taishan Fiberglass, Inc.
      8. AGY Holdings Corp.
      9. China Beihai Fiberglass Co., Ltd.
      10. Taiwan Glass Industry Corp.
  7. Analyst Views
  8. Future Outlook of the Market