Fiberglass roving market is estimated to garner a revenue of ~USD 17 million by the end of 2033 by growing at a significant CAGR of ~8% over the forecast 2033

NEW YORK CITY, NEW YORK, UNITED STATES, November 8, 2022 /EINPresswire.com/ -- Research Nester assesses the growth of global fiberglass roving market which is anticipated to be on account of the growing importance of growing adoption of fiberglass roving in the varied verticals for manufacturing goods.

Research Nester’s recent market research analysis on “Fiberglass Roving Market: Global Demand Analysis & Opportunity Outlook 2033”delivers a detailed competitors analysis and a detailed overview of the global fiberglass roving market in terms of market segmentation by product type, glass type, end-user, and by region.

Distinctive Characteristics of Fiberglass Roving Make it a Perfect Material to be Used in Various Industries to Drive Growth of Global Fiberglass Roving Market

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The global fiberglass roving market is estimated to grow majorly on account of its dynamic characteristics which make it very apt to be used in manufacturing of various type of goods. It’s a cost-effective material, and has a range of features including lightweight, corrosion resistance, high electrical insulation, and strength. In addition to being lightweight, it is also easier to operate and has a medium tensile strength. When compared to steel, the glass fiber has a higher specific resistance. For instance, although silica (SiO2) is the main component of all fiberglass, the addition of other oxides such as Al2O3, B2O3, CaO, and so on allows for modification of glass fiber characteristics and performance.

The market research report also includes other growth factors and challenges that are associated with the growth of the global fiberglass roving market. Some of the major growth indicators are:

Growth Drivers:
• Escalation in Electronics Sector
• Significant Rise in Aerospace and Defense Manufacturing

Challenges:

The hurdles associated with the recycling process of glass wool and the various health threats linked with the fiberglass are some of the major factors anticipated to hamper the growth of theglobal fiberglass roving market. Despite of the numerous restraint factors associated with the growth of the market, Research Nester’s analysis indicates a robust growth for the market during the forecast period

For more information about this report visit: https://www.researchnester.com/reports/fiberglass-roving-market/3543

The market research report on global fiberglass roving encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.

By end-user, the global fiberglass roving market is segmented into transportation, construction & infrastructure, electrical & electronics, pipes & tanks, marine, aerospace & defense, wind energy, and others. The construction & infrastructure segment is to garner a revenue of ~USD 17 million by the end of 2033 by growing at a CAGR of ~8% over the forecast period owing to the massive surge in the drift of urbanization that is leading the construction & infrastructure segment at a new height.

By region, the Asia Pacific fiberglass roving market is to generate the highest revenue by the end of 2033. This growth is anticipated by massively escalating demand for fiberglass roving in several industries, and the huge surge in the infrastructure investment.

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The research is global in nature and covers detailed analysis on the fiberglass roving 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 of global fiberglass roving 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.

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 Taiwan Glass Industry Corporation, China Beihai Fiberglass Co., Ltd., Binani Industries Ltd., Owens Corning, China Jushi Co., Ltd., Johns Manville, Saint-Gobain Vetrotex, Taishan Fiberglass Inc.(CTG), Nippon Electric Glass Co., Ltd, AGY Holding Corp., 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.

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