Multi-End Roving Glass Fiber Market Trends and Forecast
The future of the global multi-end roving glass fiber market looks promising with opportunities in the transportation, marine, pipe & tank, construction, E&E, and consumer good markets. The global multi-end roving glass fiber market is expected to grow with a CAGR of 3.1% from 2024 to 2030. The major drivers for this market are continuous research and development in glass fiber manufacturing processes, globalization and the expansion of manufacturing capabilities in emerging economies, as well as, increasing emphasis on sustainability and environmental responsibility.
• Lucintel forecasts that filament winding is expected to witness the highest growth over the forecast period.
• Within this market, transportation is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Multi-End Roving Glass Fiber Market
• China - Jushi Group expands production capacity for multi-end roving glass fiber to meet government targets for infrastructure development. Company aims to enhance product quality and efficiency through technological innovations, supporting national initiatives for sustainable construction materials.
• USA - Owens Corning announces investment in R&D for advanced multi-end roving technologies, aligning with government goals for fostering innovation in the manufacturing sector. Targets include enhancing product performance and reducing environmental impact in construction applications.
• Germany - Saint-Gobain collaborates with government agencies to develop lightweight and high-strength multi-end roving solutions for automotive and aerospace industries. Company aims to achieve production efficiency and cost-effectiveness, supporting national targets for promoting technological advancement in key industries.
• India - Asahi India Glass partners with local governments to promote the adoption of multi-end roving glass fiber in infrastructure projects. Company targets increased market penetration and product innovation to meet government initiatives for sustainable urban development and construction.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Multi-End Roving Glass Fiber Market by Segment
The study includes a forecast for the global multi-end roving glass fiber market by manufacturing process, end use, and region.
Multi-End Roving Glass Fiber Market by Manufacturing Process [Value from 2018 to 2030]:
• Hand Lay-Up
• Spray Up
• Resin Infusion
• Filament Winding
• Pultrusion
• Compression Molding
• Prepreg Layup
• Injection Molding
• Others
Multi-End Roving Glass Fiber Market by End Use [Value from 2018 to 2030]:
• Transportation
• Marine
• Pipe and Tank
• Construction
• E&E
• Consumer Goods
• Others
Multi-End Roving Glass Fiber Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Multi-End Roving Glass Fiber Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies multi-end roving glass fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the multi-end roving glass fiber companies profiled in this report include-
• Owens Corning
• Jushi Group
• Chongqing Polycomp
• Taishan Fiberglass
• Taiwan Glass Group
• Nippon Electric Glass
• Sichuan Weibo
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki
Recent Development in the Multi-End Roving Glass Fiber Market
• Jushi Group: Introduces a new range of high-performance multi-end roving glass fibers optimized for automotive and construction applications, enhancing strength and durability.
• Owens Corning: Invests in research and development to enhance the production efficiency and environmental sustainability of multi-end roving glass fiber manufacturing processes.
• Saint-Gobain: Collaborates with industry partners to develop innovative composite materials using multi-end roving glass fibers, targeting improved performance and cost-effectiveness in various applications.
• Asahi India Glass: Launches a series of initiatives to expand its product portfolio and market presence in the multi-end roving glass fiber segment, catering to the growing demand in infrastructure and transportation sectors.
Features of the Global Multi-End Roving Glass Fiber Market
Market Size Estimates: Multi-end roving glass fiber market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Multi-end roving glass fiber market size by manufacturing process, end use, and region in terms of value ($B).
Regional Analysis: Multi-end roving glass fiber market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different manufacturing processes, end uses, and regions for the multi-end roving glass fiber market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the multi-end roving glass fiber market.
Analyse de l'intensité concurrentielle de l'industrie basée sur le modèle des cinq forces de Porter.
FAQ
Q1. What is the growth forecast for multi-end roving glass fiber market?
Answer: The global multi-end roving glass fiber market is expected to grow with a CAGR of 3.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the multi-end roving glass fiber market?
Answer: The major drivers for this market are continuous research and development in glass fiber manufacturing processes, globalization and the expansion of manufacturing capabilities in emerging economies, as well as, increasing emphasis on sustainability and environmental responsibility.
Q3. What are the major segments for multi-end roving glass fiber market?
Answer: The future of the global multi-end roving glass fiber market looks promising with opportunities in the transportation, marine, pipe & tank, construction, E&E, and consumer good markets.
Q4. Who are the key multi-end roving glass fiber market companies?
Answer: Some of the key multi-end roving glass fiber companies are as follows:
• Owens Corning
• Jushi Group
• Chongqing Polycomp
• Taishan Fiberglass
• Taiwan Glass Group
• Nippon Electric Glass
• Sichuan Weibo
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki
Q5. Which multi-end roving glass fiber market segment will be the largest in future?
Answer: Lucintel forecasts that filament winding is expected to witness the highest growth over the forecast period.
Q6. In multi-end roving glass fiber market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the multi-end roving glass fiber market by manufacturing process (hand lay-up, spray up, resin infusion, filament winding, pultrusion, compression molding, prepreg layup, injection molding, and others), end use (transportation, marine, pipe and tank, construction, E&E, consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Multi-End Roving Glass Fiber Market Market, Multi-End Roving Glass Fiber Market Market Size, Multi-End Roving Glass Fiber Market Market Growth, Multi-End Roving Glass Fiber Market Market Analysis, Multi-End Roving Glass Fiber Market Market Report, Multi-End Roving Glass Fiber Market Market Share, Multi-End Roving Glass Fiber Market Market Trends, Multi-End Roving Glass Fiber Market Market Forecast, Multi-End Roving Glass Fiber Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.