Global Fiberglass Roving Market Size, Demand, Competitive Analysis, Growth Factors, & Key Players
Research Nester published a report titled “Fiberglass Roving Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global fiberglass roving market in terms of market segmentation by product type, glass type, end-use industry, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global
fiberglass roving market is
anticipated to grow with a CAGR of 5.50% during the forecast period, i.e.,
2021-2030. The market is segmented by product type into single-end
roving, multi-end roving, and chopped roving, out of which, the single-end
roving segment is projected to garner the largest revenue of USD 5081.50
Million by the end of 2030. Moreover, in the year 2020, the segment registered
a revenue of USD 2776.68 Million.
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The global fiberglass roving market is estimated
to garner a revenue of USD 8262.59 Million by the end of 2030, up from a
revenue of USD 4837.18 Million in the year 2020. Growing number of wind farms
worldwide, increasing wind energy capacity additions, and the increasing use of
fiberglass roving in rotor blades and nacelles of wind energy equipment, are
some of the major factors anticipated to drive the market growth. Moreover,
rising use of fiberglass roving in different end-use industries is also
projected to contribute to the market growth in the coming years.
The global fiberglass roving market is
segmented on the basis of region into North America, Europe, Asia
Pacific, Latin America and Middle East & Africa region, out of which, the
market in the Asia Pacific is expected to reach the largest market revenue of
USD 3817.32 Million by the end of 2030, up from a revenue of USD 2010.21
Million in the year 2020. The market in the region is further segmented by
country into China, Japan, India, South Korea, and the Rest of APAC, out of
which, the market in China is projected to grow with the highest CAGR of 7.92%
during the forecast period and further touch a revenue of USD 1809.41 Million
by the end of 2030.
The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East
and Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
Increasing
Utilization of Fiberglass Roving in Wind Energy Applications
The International Renewable Energy Agency
(IRENA), in one of its statistics, stated that in the year 2020, the total
onshore installed capacity of wind energy worldwide touched 698043 MW, up from 177795
MW in the year 2010.
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Report: https://www.researchnester.com/sample-request-3543
Backed by the rising environmental pollution
worldwide, the government of nations are increasingly focusing towards
renewable energy sources, such as wind energy. With significant investments
being made to deploy large wind energy farms, the demand for fiberglass roving
has witnessed a significant growth. These composites are used in rotor blades
and nacelles of wind energy equipment. The rising demand for wind energy
equipment is therefore projected to drive the growth of the global fiberglass
roving market in the coming years.
However,
the difficulties in recycling of glass wool is expected to operate as key
restraint to the growth of global
fiberglass roving market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global fiberglass roving market which includes company profiling of Owens Corning, China Jushi Co., Ltd., Chongqing Polycomp International Corporation, Johns Manville, Saint-Gobain Vetrotex, Nippon Electric Glass Co., Ltd., CTG Group (Taishan Fiberglass), AGY Holding Corporation, China Beihai Fiberglass Co., Ltd., Taiwan Glass Industry Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fiberglass roving market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About
Research Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
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decision in order to avoid future uncertainties.
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