19 Sep, 2018, 10:00 ET
DUBLIN, Sept 19, 2018 /PRNewswire/ --
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 global fiberglass roving market is projected to grow from USD 8.24 billion in 2018 to USD 11.02 billion by 2023, at a CAGR of 6.0% during the forecast period.
The fiberglass roving market is growing due to the high demand from the wind energy, electrical & electronics, pipes & tanks, construction & infrastructure, and transportation industries. Fiberglass roving products are preferred as they can reduce the weight of the product and are stronger than metallic parts. The fiberglass roving market witnessed strong growth in the past few years due to the growing use in the US, Germany, China, Brazil, and Japan.
The fiberglass roving market is segmented on the basis of glass fiber type into E-glass, ECR-glass, H-glass, AR-glass, S-glass, and others. The S-glass fiber segment is the fastest-growing glass fiber type. The E-glass fiber segment accounted for a major share in the global fiberglass roving market, in terms of value, in 2017. Fiberglass roving made with E-glass are cost-efficient and offer a wide range of properties such as corrosion resistance, lightweight, high electrical insulation, and moderate strength. The growing demand from the electrical & electronics and transportation industries is expected to drive the market during the forecast period.
The fiberglass roving market is segmented on the basis of product type into single-end roving, multi-end roving, and chopped roving. The single-end roving product type dominates the fiberglass roving market, in terms of volume, in 2018. The increasing demand from the filament winding and pultrusion applications is expected to drive the single-end fiberglass roving market during the forecast period.
The fiberglass roving market is segmented on the basis of end-use industry into wind energy, transportation, pipes & tanks, marine, construction & infrastructure, electrical & electronics, aerospace & defense, and others. The transportation end-use industry segment accounted for the largest share of the fiberglass roving market, in terms of value and volume, in 2018. The high demand for fiberglass roving in the transportation industry is attributed to its lightweight and increased fuel efficiency.
Currently, APAC is the largest consumer of fiberglass roving. China, Japan, and India are the major fiberglass roving markets in APAC due to the growing wind energy, construction & infrastructure, pipes & tanks, and electrical & electronics industries. The fiberglass roving market in APAC is also projected to register the highest CAGR during the forecast period. The growing demand for environmentally-friendly products as well as stringent emission control policies has made APAC the largest fiberglass roving market.
Fiberglass Roving Market
The global fiberglass roving market is expected to witness significant growth during the forecast period, in terms of value and volume. However, the high cost of technology and high investment costs are restraining the growth of the global fiberglass roving market.
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. Owens Corning has sustained the leading position in the market by tapping various lucrative markets globally.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Growth Opportunities in the Fiberglass Roving Market
4.2 Fiberglass Roving Market, By Product Type
4.3 Fiberglass Roving Market Share, By Region and End-Use Industry, 2017
4.4 Fiberglass Roving Market, By Country
4.5 Fiberglass Roving Market, By Glass Fiber Type
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Increasing Wind Energy Installations
18.104.22.168 Increasing Adoption of Gfrp Composites Made With Fiberglass Roving in the Transportation Industry
22.214.171.124 Increasing Use of Fiberglass Roving in the Construction & Infrastructure Industry
126.96.36.199 Issues Related to Recycling
188.8.131.52 Increasing Demand for Fiberglass Roving From Emerging Markets
184.108.40.206 High Demand for Fiberglass Roving From Gfrp Pipes Applications
220.127.116.11 Developing Low-Cost Technologies
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Macroeconomic Overview and Key Trends
6.2 Trends and Forecast of GDP
6.3 PER Capita GDP vs. PER Capita Fiberglass Roving Demand
6.4 Trends and Forecast of the Construction Industry
6.5 Trends in the Wind Energy Industry
6.6 Trends in the Automotive Industry
7 Fiberglass Roving Market, By Glass Fiber Type
7.2 E-glass Fiber
7.3 ECR-glass Fiber
7.4 H-glass Fiber
7.6 S-glass Fiber
8 Fiberglass Roving Market, By Product Type
8.2 Single-End Roving
8.3 Multi-End Roving
8.4 Chopped Roving
9 Fiberglass Roving Market, By End-Use Industry
9.2 Wind Energy
9.3 Electrical & Electronics
9.5 Pipes & Tanks
9.6 Construction & Infrastructure
9.8 Aerospace & Defense
10 Fiberglass Roving Market, By Region
10.2 North America
10.3.1.10 Rest of Europe
10.4.1.4 South Korea
10.4.1.6 Australia & New Zealand
10.4.1.7 Rest of APAC
10.5 Middle East & Africa
10.5.1.1 South Africa
10.5.1.2 Saudi Arabia
10.6 Latin America
11 Competitive Landscape
11.2 Market Share Analysis of Key Players
11.2.1 Owens Corning
11.2.2 Jushi Group
11.2.4 Nippon Electric Glass
11.2.5 Johns Manville
11.3 Recent Developments
11.3.1 Investments & Expansions
11.3.2 Agreements, Partnerships, and Joint Ventures
11.3.3 New Product Launches
11.3.4 Mergers & Acquisitions
12 Company Profiles
12.1 Owens Corning
12.2 Jushi Group Co., Ltd.
12.3 Chongqing Polycomp International Corporation
12.4 Johns Manville Corporation
12.5 Saint-Gobain S.A.
12.6 Nippon Electric Glass Co. Ltd.
12.7 Taishan Fiberglass, Inc.
12.8 AGY Holdings Corp.
12.9 China Beihai Fiberglass Co., Ltd.
12.10 Taiwan Glass Industry Corp.
12.11 Other Companies
12.11.1 Binani Industries Ltd.
12.11.2 BGF Industries, Inc.
12.11.3 Nitto Boseki Co., Ltd.
12.11.4 Jiangsu Jiuding New Material Co., Ltd.
12.11.5 PFG Fiberglass Corporation
12.11.6 Celanese Corporation
12.11.7 Saertex GmbH
12.11.8 Reliance Industries
12.11.9 China National Building Material Company Ltd.
12.11.10 P-D Glasseiden GmbH
For more information about this report visit https://www.researchandmarkets.com/research/7swmnj/global_fiberglass?w=5
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article