(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 27, 2021, 02:43 /Comserve / -- The fiberglass roving market size is estimated at USD 8.24 billion in 2018 and is projected to reach USD 11.02 billion by 2023, at a CAGR of 6.0% between 2018 and 2023.
The fiberglass roving market size is estimated at USD 8.24 billion in 2018 and is projected to reach USD 11.02 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. Fiberglass roving is widely used in end-use industries such as wind energy, transportation, and electrical & electronics. In the wind energy industry, fiberglass roving is used in wind turbine blades and nacelles. The increasing number of wind energy capacity installations is driving the demand for fiberglass roving, as it is economical and provide high performance. The governments and energy planners in various countries are diversifying their energy mix, protecting their economies from volatile fossil fuel prices, and fighting against harmful greenhouse gas (GHG) emissions. Apart from this, the significant demand from the emerging economies is one of the major opportunities for the fiberglass roving market.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Fiberglass Roving Market Trends Future Growth and Revenue Analysis Forecast Till 2023
The growth of the market in the wind end-use industry can largely be attributed to innovations in the integration of lightweight fiberglass roving products, which have facilitated increasingly larger blade lengths in the wind energy industry. Fiberglass roving is the ideal choice of material for wind turbine blades, in terms of structural efficiency, as the high specific stiffness limits tip deflections.The fiberglass roving market in APAC is projected to register the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand for fiberglass roving from the region's growing automotive & transportation and wind energy industries that extensively use fiberglass roving.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Fiberglass Roving Market Trends Future Growth and Revenue Analysis Forecast Till 2023
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted as follows:
• By Company Type: Tier 1 - 35%, Tier 2 - 25%, and Tier 3 - 40%
• By Designation: C level - 30%, Director level - 25%, and Others - 45%
• By Region: North America - 30%, Europe - 20%, APAC -25%, Middle East & Africa - 12%, and Latin America - 13%
Research Coverage
This report covers the fiberglass roving market and forecasts the size of the market until 2023. The report includes the segmentation of the market based on end-use industry, product type, glass fiber type, and region. Porter's Five Forces analysis and the key market dynamics, such as drivers, restraints, challenges, and opportunities, influencing the growth of the fiberglass roving market have been discussed in the report. The report also provides company profiles and competitive benchmarking of major players operating in the market.
TABLE OF CONTENTS
1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 16
1.5 UNIT CONSIDERED 16
1.6 LIMITATIONS 16
1.7 STAKEHOLDERS 16
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