Fiberglass Roving Market Share

Asia Pacific Market Forecast

The Asia Pacific fiberglass roving market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037 backed by the escalating investment for infrastructure, especially in countries, such as China, Bhutan, Vietnam, and India among others, and for the increasing demand for fiberglass roving across varied end-use industries. As per the Asian Development Bank statistics, the public sector infrastructure investment rate (% of GDP) in the People's Republic of China, Bhutan, Vietnam, Fiji, Sri Lanka, and India was 6.76%, 6.56%, 5.12%, 3.53%, and 3.31%, respectively.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of fiberglass roving is estimated at USD 16.33 million.

The fiberglass roving market size was over USD 15.34 million in 2024 and is expected to cross USD 41.8 million by the end of 2037, witnessing more than 8.1% CAGR during the forecast period i.e., between 2025-2037. Dynamic properties that make fiberglass roving to be used in various verticals, surge in electronics industry, and significant escalation in transportation industry will drive the market growth.

Asia Pacific is projected to hold largest industry share by 2037, backed by escalating investment for infrastructure, especially in countries, such as China, Bhutan, Vietnam, and India among others, and for the increasing demand for fiberglass roving across varied end-use industries.

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

Fiberglass Roving Market Share