Lucintel’s latest market report analyzed that glass fiber roving provides attractive opportunities in the construction, pipes and tanks, transportation, electrical & electronics, wind energy, marine, consumer goods and others end use industry. The glass fiber roving market is expected to reach $3.7 billion by 2025 with a CAGR of 3.0%. In this market, E-glass is the largest segment by fiber type, whereas construction is largest by end use industry. The increasing focus on high tensile modulus glass fiber roving provides strategic growth path in this market.
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Based on fiber type, the glass fiber roving market is segmented into E-glass and others. The ground Glass fiber roving segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to usage in a wide range of applications designed to face corrosive environments and better performance over traditional glass fiber.
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The glass fiber roving market is marked by the presence of several big and small players. Some of the prominent players offering glass fiber roving include Owens Corning, Jushi, Nippon Electric Glass Co. Ltd., Taishan Fiberglass Inc., Chongqing Polycomp International Corporation (CPIC), Taiwan Glass Group, Johns Manville, Sichuan Weibo. Co., Ltd., 3B the Fiber Glass Company, and Nitto Boseki Co., Ltd.
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