Fiberglass Roving Market Size

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. In the year 2025, the industry size of fiberglass roving is estimated at USD 16.33 million. The growth of the market is primarily attributed to the growing use of fiberglass roving in various industries, such as automotive, construction, and so on. Fiberglass roving is used largely for wind generation, especially to make rotor blades and nacelles. According to the data provided by the International Renewable Energy Agency (IRENA), the total onsite installed wind power energy worldwide reached 698043 MW in 2020, which is higher compared to 177795 MW in 2010.

Fiberglass roving is made up of microscopic glass filaments. These are frequently sold commercial scale as woven roving. Fiberglass roving comes in a variety of weights, weaves, finishes, and widths. When compared to other composites, these are lightweight materials with high durability. Additionally, they help give the product more heft and solidity. Demand for fiberglass roving is increasing across a variety of sectors as a result of growing industrialization. For instance, India's industrial production increased 2.6% year on year in July 2022, following an 11.9% year-on-year rise in the prior month.