The Business Research Company’s Fiberglass Roving Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Fiberglass Roving Global Market Report 2023 evaluates fiberglass roving market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global fiberglass roving market is expected to grow from $8.06 billion in 2022 to $8.8 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fiberglass roving market is expected to reach $12.04 billion in 2027 at a CAGR of 8.2%.
The growing demand from the wind energy sector is expected to propel the growth of the fiberglass roving market going forward. The wind energy sector refers to an industry engaged in developing, producing, constructing, and maintaining wind turbines and other ejaculatory power devices. In the wind energy sector, fiberglass roving allows to produce larger wind turbine blades, which helps to enhance the energy output of turbines. It is a material that the wind energy industry uses to make nacelles and wind turbine blades. For instance, in September 2022, according to the International Energy Agency, a France-based independent intergovernmental organization, the amount of energy produced by wind increased by 273 TWh in 2021 (up 17%), a growth rate that was 55% more than that of any other power generation technology. With 1,870 TWh of energy generated by wind in 2021, it will continue to be the leading non-hydro renewable technology. Therefore, the growing demand from the wind energy sector is driving the fiberglass roving market.
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The fiberglass roving market segments in the report are:
1) By Product Type: Single-End Roving, Multi-End Roving, Chopped Roving
2) By Fiberglass Type: E-glass, ECR-glass, H-glass, AR-glass, S-glass
3) By Application: Electrical And Electronics, Transportation, Construction And Infrastructure, Pipes And Tanks, Energy, Other Applications
The table of contents in TBRC’s fiberglass roving market report includes:
- Executive Summary
- Fiberglass Roving Market Characteristics
- Fiberglass Roving Market Trends And Strategies
- Fiberglass Roving Market – Macro Economic Scenario
5.1. Global Fiberglass Roving Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
- Fiberglass Roving Market Segmentation
- Fiberglass Roving Market Regional And Country Analysis
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- Brazil Fiberglass Roving Market
- Middle East Fiberglass Roving Market
- Africa Fiberglass Roving Market
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