Global Fiberglass Roving Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Glass Fiber Type;
E-Glass Fiber, ECR-Glass Fiber, H-Glass Fiber, AR-Glass, S-Glass Fiber, and Others.By Product Type;
Single-End Roving, Multi-End Roving, and Chopped Roving.By Process;
Pultrusion, Filament Winding, Compression Molding, and Layup Process.By Application;
Aerospace, Automotive, Construction, Marine, and Electronics.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Fiberglass Roving Market Overview
Fiberglass Roving Market (USD Million)
Fiberglass Roving Market was valued at USD 8,936.26 million in the year 2024. The size of this market is expected to increase to USD 13,172.88 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.7%.
Global Fiberglass Roving Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 5.7 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.7 % |
Market Size (2024) | USD 8,936.26 Million |
Market Size (2031) | USD 13,172.88 Million |
Market Concentration | Medium |
Report Pages | 361 |
Major Players
- Owens Corning
- Jushi Group Co., Ltd.
- Chongqing Polycomp International Corporation
- Johns Manville Corporation
- Saint-Gobain S.A.
- Nippon Electric Glass Co. Ltd.
- Taishan Fiberglass, Inc.
- AGY Holdings Corp.
- China Beihai Fiberglass Co., Ltd.
- Taiwan Glass Industry Corp.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Fiberglass Roving Market
Fragmented - Highly competitive market without dominant players
The Fiberglass Roving Market continues to expand due to its pivotal role in advanced composite solutions. Known for reinforcing structural integrity in multiple applications, fiberglass roving is utilized in over 40% of composite manufacturing processes. Its lightweight, high-strength characteristics offer significant advantages in product longevity and cost-effectiveness.
Increased Industrial Utilization
Industrial use of fiberglass roving has grown rapidly, with sectors such as construction and transportation integrating it in 35% of production lines. Its strong resistance to environmental degradation and high mechanical performance are reshaping material standards in infrastructure and vehicle design.
Progress in Manufacturing Techniques
Breakthroughs in multi-end and direct roving designs have enhanced mechanical output by 25% in critical applications. These innovations, combined with automation in molding, have accelerated production by reducing cycle times by 30%. The result is improved operational efficiency and increased adoption in demanding industrial environments.
Focus on Eco-Friendly Production
The push for sustainability is altering production landscapes, with 20% of suppliers now employing eco-compliant processes. Manufacturers are embracing recyclable composites and cleaner production practices, responding to both regulatory requirements and market demand for greener solutions.
Custom Solutions Gaining Traction
Customization remains a major differentiator, with 45% of buyers opting for specific formulations tailored to unique performance needs. Providers offering bespoke roving types and resin compatibility are witnessing stronger client retention and new market penetration, enabling them to stay ahead in a competitive space.
Fiberglass Roving Market Recent Developments
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In April 2021, construction work on the Jushi India Fiberglass (P) Ltd. was completed with a capacity of 1,00,000 MT. Jushi's product range includes direct roving, assembled roving, chopped strand, chopped strand mat, woven roving, yarn, and other forms of fiberglass raw materials
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In January 2020, the fiberglass production furnace at Saint-Gobain has been completely revamped with a total investment of EUR 45 million (US$51.4) million. The fiberglass production furnace was rebuilt at the company's ADFORS Hodonice location. The installation's streamlining and expansion will boost the site's production capacity by 57%
Fiberglass Roving Market Segment Analysis
In this report, the Fiberglass Roving Market has been segmented by Glass Fiber Type, Product Type, Process, Application, and Geography.
Fiberglass Roving Market, Segmentation by Glass Fiber Type
The Fiberglass Roving Market has been segmented by Glass Fiber Type into E-glass Fiber, ECR-glass Fiber, H-glass Fiber, AR-glass, S-glass Fiber, and Others.
E-glass Fiber
E-glass fiber holds a dominant position in the fiberglass roving market due to its exceptional electrical insulation, corrosion resistance, and cost-effectiveness. It accounts for over 60% of the market share, making it the most widely used type in applications such as wind energy, construction, and transportation.
ECR-glass Fiber
ECR-glass fiber offers enhanced resistance to chemical corrosion and higher durability under extreme conditions, especially in marine and chemical environments. It contributes to around 12–15% of the total market, steadily growing due to its performance advantages over traditional E-glass.
H-glass Fiber
H-glass fiber is valued for its superior mechanical strength and dimensional stability, making it suitable for high-stress industrial applications. Although it holds a smaller share at approximately 5–7%, its demand is increasing in the automotive and aerospace sectors.
AR-glass
AR-glass (alkali-resistant glass) is specifically engineered for concrete reinforcement in construction, offering resistance to alkali attacks. This segment comprises roughly 8–10% of the market, driven by infrastructure development and the rising need for durable building materials.
S-glass Fiber
S-glass fiber is known for its high tensile strength, thermal stability, and use in advanced military and aerospace composites. Though it represents only about 3–5% of the market, its application in defense-grade materials positions it as a high-value segment.
Others
The Others segment includes specialty glass fibers such as C-glass and D-glass, which are used in niche applications like electronics, filtration, and thermal insulation. This segment collectively contributes around 2–3% of the overall market, catering to highly specific industrial needs.
Fiberglass Roving Market, Segmentation by Product Type
The Fiberglass Roving Market has been segmented by Product Type into Single-End Roving, Multi-End Roving, and Chopped Roving.
Single-End Roving
Single-end roving is widely used in filament winding, pultrusion, and weaving processes due to its consistent linear density and high compatibility with resins. It dominates the product type segment, accounting for approximately 55–60% of the global market. Its growing demand in pipes, pressure vessels, and structural profiles drives its market leadership.
Multi-End Roving
Multi-end roving is primarily used in the spray-up and compression molding processes, offering cost advantages through its mass production capability. It holds around 25–30% of the market share and is favored in sectors such as automotive and construction due to its ease of processing and affordability.
Chopped Roving
Chopped roving is designed for use in sheet molding compounds (SMC) and bulk molding compounds (BMC), offering excellent mechanical properties and short fiber length distribution. This segment represents approximately 10–15% of the market and is popular in automotive body panels, electrical enclosures, and industrial equipment.
Fiberglass Roving Market, Segmentation by Process
The Fiberglass Roving Market has been segmented by Process into Pultrusion, Filament Winding, Compression Molding, and Layup Process.
Pultrusion
Pultrusion is a continuous manufacturing process ideal for producing high-strength composite profiles such as beams, channels, and rebars. It accounts for approximately 30–35% of the fiberglass roving market by process type. Its popularity is driven by demand from the construction and infrastructure sectors seeking durable and lightweight materials.
Filament Winding
Filament winding is widely adopted for creating cylindrical and spherical composite structures such as pipes, tanks, and pressure vessels. Representing about 25–28% of the market, this process ensures excellent fiber alignment and structural performance, making it a preferred choice in the oil & gas and aerospace industries.
Compression Molding
Compression molding uses fiberglass roving in conjunction with thermoset resins to form complex, high-volume parts with good surface finish and mechanical properties. It holds around 20–22% market share and is especially significant in the automotive and electrical industries for manufacturing lightweight structural components.
Layup Process
The layup process, including both hand layup and spray layup, is valued for its versatility in fabricating large, custom-shaped parts. Although it contributes a smaller share—approximately 12–15%—it remains essential in marine, wind energy, and aerospace applications due to its cost-effectiveness for low-volume production.
Fiberglass Roving Market, Segmentation by Application
The Fiberglass Roving Market has been segmented by Application into Aerospace, Automotive, Construction, Marine, and Electronics.
Aerospace
The aerospace sector uses fiberglass roving extensively for lightweight composite structures such as interior panels, radomes, and non-critical airframe parts. This application segment accounts for about 10–12% of the market. Its growth is driven by the increasing emphasis on fuel efficiency and lightweight materials in aircraft manufacturing.
Automotive
In the automotive industry, fiberglass roving is widely applied in body panels, underbody shields, and engine covers, contributing to vehicle weight reduction and improved fuel economy. It holds a significant share of nearly 25–28% of the market, supported by rising demand for lightweight composites in electric and hybrid vehicles.
Construction
Construction is the largest application segment, comprising approximately 35–40% of the market. Fiberglass roving is widely used in reinforced concrete, roofing, and structural profiles due to its corrosion resistance and high strength-to-weight ratio. Its use is expanding with global infrastructure development.
Marine
The marine industry utilizes fiberglass roving in boat hulls, decks, and interior components for its durability and moisture resistance. This segment accounts for around 12–15% of the market and continues to grow due to the rising demand for fiber-reinforced marine vessels and recreational boats.
Electronics
In electronics, fiberglass roving is employed in circuit boards, insulating materials, and electrical enclosures. It contributes roughly 8–10% of the market and benefits from the increasing demand for heat-resistant and electrically insulating materials in consumer electronics and industrial automation.
Fiberglass Roving Market, Segmentation by Geography
In this report, the Fiberglass Roving Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regions and Countries Analyzed in this Report
Fiberglass Roving Market Share (%), by Geographical Region
North America
North America holds approximately 20–22% of the global fiberglass roving market, driven by robust demand from the automotive, aerospace, and construction industries. The region benefits from technological advancements and growing use of lightweight composites in industrial applications.
Europe
Europe contributes around 25–27% of the market, supported by stringent environmental regulations and the widespread adoption of fiber-reinforced materials in the automotive and wind energy sectors. Countries like Germany, France, and the UK are key drivers in this region.
Asia Pacific
Asia Pacific dominates the global market with a share of nearly 35–38%, fueled by high manufacturing activity and expanding infrastructure development across countries like China, India, and Japan. The region also benefits from rising demand in construction and electronics.
Middle East and Africa
Middle East and Africa represent about 8–10% of the fiberglass roving market, with growth driven by increasing construction projects, urbanization, and a gradual shift toward composite materials in oil & gas infrastructure and transportation.
Latin America
Latin America accounts for roughly 6–8% of the global market, primarily supported by the automotive and construction industries in countries like Brazil and Mexico. Economic recovery and industrial expansion continue to boost the adoption of fiberglass composites in the region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Fiberglass Roving Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Lightweight Demand
- Durability Needs
- Renewable Energy Growth
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Automotive Advancements - The automotive industry is undergoing a significant transformation driven by the need for lightweight, fuel-efficient, and environmentally friendly vehicles, which has led to increased demand for fiberglass roving. This material is crucial in producing composite components that are lighter yet stronger than traditional materials like steel and aluminum. By reducing the overall weight of vehicles, fiberglass roving helps enhance fuel efficiency and reduce emissions, aligning with stringent regulatory standards and the growing consumer preference for greener transportation options.
Fiberglass roving is extensively used in the manufacturing of various automotive components, including body panels, chassis, and structural parts. Its excellent strength-to-weight ratio, coupled with its resistance to corrosion and impact, makes it an ideal choice for parts that need to withstand high stress and harsh environmental conditions. Moreover, fiberglass roving allows for greater design flexibility, enabling automakers to create innovative shapes and structures that enhance the aesthetic appeal and aerodynamic performance of vehicles.
The rise of electric vehicles (EVs) further amplifies the significance of fiberglass roving in the automotive sector. EV manufacturers prioritize lightweight materials to extend the driving range of their vehicles by improving energy efficiency. Fiberglass roving plays a pivotal role in achieving these goals by contributing to the reduction of battery weight and overall vehicle mass. As the automotive industry continues to evolve towards sustainability and efficiency, the integration of fiberglass roving in vehicle design and manufacturing is expected to grow, driving advancements and shaping the future of transportation.
Restraints:
- High Production Costs
- Raw Material Price Volatility
- Environmental Regulations
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Complex Manufacturing Processes - The manufacturing processes involved in producing fiberglass roving are complex and can act as a restraint on the market's growth. The production of fiberglass roving involves several stages, including melting raw materials, fiber formation, and the subsequent treatment and winding of the fibers. Each step requires precise control and sophisticated machinery to ensure the quality and consistency of the final product. The complexity of these processes can lead to higher production costs and longer lead times, which may limit the scalability and profitability of manufacturers.
Maintaining the quality of fiberglass roving throughout the manufacturing process is critical, as any deviation can result in defects that compromise the performance of the final composite material. The need for stringent quality control measures adds another layer of complexity to the production process. Advanced technologies and skilled labor are necessary to monitor and manage the various parameters involved, such as temperature, tension, and fiber diameter. This requirement for specialized expertise and equipment can increase operational costs and pose a barrier to entry for new market players.
The complexity of manufacturing processes can also impact the supply chain and the ability to meet rising demand. Any disruptions in the production process, such as equipment failures or raw material shortages, can lead to delays and increased costs. Manufacturers must continuously invest in research and development to streamline processes, enhance efficiency, and reduce costs. Innovations in automation and process optimization are essential to overcoming these challenges and ensuring the consistent supply of high-quality fiberglass roving to meet the growing needs of various industries.
Opportunities:
- Technological Innovations
- Sustainable Materials
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New Composite Applications - The development of new composite applications is a key opportunity driving growth in the global fiberglass roving market. As industries continuously seek materials that offer superior performance and versatility, fiberglass roving is finding its way into a broader range of applications beyond traditional sectors. In the renewable energy sector, for instance, fiberglass roving is being used to manufacture larger and more efficient wind turbine blades, which require materials that can endure extreme stress and environmental conditions. This expansion into new areas is opening up significant growth opportunities for fiberglass roving manufacturers.
In the infrastructure and construction industries, the adoption of fiberglass roving is increasing as these sectors look for materials that can enhance the durability and longevity of structures. Fiberglass roving is used in reinforced concrete, bridge decks, and other structural components where its properties of high strength, corrosion resistance, and light weight provide significant advantages over conventional materials. The push towards sustainable and resilient infrastructure further amplifies the demand for fiberglass-based composites, as they contribute to reducing maintenance costs and extending the lifespan of structures.
The transportation industry also offers substantial opportunities for new composite applications. Beyond automotive advancements, fiberglass roving is being utilized in the production of lightweight and strong components for buses, trains, and aircraft. This helps in reducing overall vehicle weight, improving fuel efficiency, and enhancing performance. As regulations around emissions and energy efficiency become more stringent, the role of fiberglass roving in developing innovative, high-performance transportation solutions is expected to grow. The ongoing exploration of new applications in various industries underscores the versatile potential of fiberglass roving and its critical role in advancing material science and engineering.
Competitive Landscape Analysis
Key players in Global Fiberglass Roving Market include:
- Owens Corning
- Jushi Group Co., Ltd.
- Chongqing Polycomp International Corporation
- Johns Manville Corporation
- Saint-Gobain S.A.
- Nippon Electric Glass Co. Ltd.
- Taishan Fiberglass, Inc.
- AGY Holdings Corp.
- China Beihai Fiberglass Co., Ltd.
- Taiwan Glass Industry Corp.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Glass Fiber Type
- Market Snapshot, By Product Type
- Market Snapshot, By Process
- Market Snapshot, By Application
- Market Snapshot, By Region
- Fiberglass Roving Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Lightweight Demand
- Durability Needs
- Renewable Energy Growth
- Automotive Advancements
- Restraints
- High Production Costs
- Raw Material Price Volatility
- Environmental Regulations
- Complex Manufacturing Processes
- Opportunities
- Technological Innovations
- Sustainable Materials
- New Composite Applications
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitivw Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Fiberglass Roving Market, By Glass Fiber Type, 2021 - 2031 (USD Million)
- E-glass Fiber
- ECR-glass Fiber
- H-glass Fiber
- AR-glass
- S-glass Fiber
- Others
- Fiberglass Roving Market, By Product Type, 2021 - 2031 (USD Million)
- Single-End Roving
- Multi-End Roving
- Chopped Roving
- Fiberglass Roving Market, By Process, 2021 - 2031 (USD Million)
- Pultrusion
- Filament Winding
- Compression Molding
- Layup Process
- Fiberglass Roving Market, By Application, 2021 - 2031 (USD Million)
- Aerospace
- Automotive
- Construction
- Marine
- Electronics
- Fiberglass Roving Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Fiberglass Roving Market, By Glass Fiber Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Owens Corning
- Jushi Group Co., Ltd.
- Chongqing Polycomp International Corporation
- Johns Manville Corporation
- Saint-Gobain S.A.
- Nippon Electric Glass Co. Ltd.
- Taishan Fiberglass, Inc.
- AGY Holdings Corp.
- China Beihai Fiberglass Co., Ltd.
- Taiwan Glass Industry Corp.
- Company Profiles
- Analyst Views
- Future Outlook of the Market