Lucintel Forecasts Glass Fiber Roving Market To Reach $3.7 Billion By 2025

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According to the recent study the glass fiber roving market is projected to reach an estimated $3.7 billion by 2025 from $3.1 billion in 2019, at a CAGR of 3.0% from 2020 to 2025. Growth in this market is primarily driven by increasing demand for lightweight materials in the transportation industry, corrosion and chemical resistance materials demand in construction and pipe & tank industry, electrical resistivity and high flame retardant materials demand in electrical and electronics industry.
Browse 118 figures / charts and 121 tables in this 220 -page report to understand trends, opportunities and forecast in glass fiber roving market by end use industry (construction, pipes and tanks, transportation, electrical & electronics, wind energy, marine, consumer goods and others), fiber type (E-glass and others), product (single end roving, multi end roving and woven roving), processing resin type (thermoset and thermoplastic), composites manufacturing process (filament winding, hand lay-up, spray up, pultrusion, injection molding, compression molding, and others), region (North America, Europe, Asia Pacific, and ...
... Rest of the World), and by country (the USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, India, Japan, Middle East and Brazil).
Download sample report and view detailed Table of Content by clicking on below link – https://www.lucintel.com/glass-fiber-roving-market.aspx
“E-glass market is expected to remain the largest segment during the forecast period.”
Based on fiber type, the glass fiber roving market is segmented into E-glass and others. Lucintel forecasts that the E-glass is expected to witness the largest segment over the forecast period and witness highest growth over the forecast period due to usage in a wide range of applications designed to face corrosive environments and better performance over traditional glass fiber.
“Within the glass fiber roving market, the construction segment is expected to remain the largest end use industry”
Based on end use industry, the construction segment is expected to witness the largest end use industry over the forecast period due to its corrosive resistivity and durability and transportation is expected to witness the highest growth due to government regulations, such as CAFE Standards in the US and carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight are driving the demand for the global glass fiber roving market.
“Asia Pacific will dominate the glass fiber roving market in near future”
Asia Pacific is expected to be the largest region over the forecast period because of growth in construction, transportation, and the pipes and tanks segments. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India.
Download Brochure of this report by clicking on https://www.lucintel.com/glass-fiber-roving-market.aspx
Major players of glass fiber roving market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. 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. are among the major glass fiber roving providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/glass-fiber-roving-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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