The Southeast Asia fiberglass multi-end roving market continues to demonstrate robust growth, reaching USD 327 million in 2024 and projected to expand at a CAGR of 5.8% to USD 512 million by 2032. This growth trajectory stems from the material’s critical role in composite manufacturing across infrastructure, automotive, and renewable energy sectors where strength-to-weight ratios and corrosion resistance are paramount.
Fiberglass multi-end roving comprises multiple untwisted glass fiber strands engineered for processes like pultrusion and filament winding. Indonesia currently commands 32% of regional demand, followed by Thailand (25%) and Vietnam (18%), reflecting concentrated industrial activity and government infrastructure spending exceeding 6% of GDP in key markets.
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/221812/southeast-asia-fiberglass-multi-end-roving-market
Market Overview & Regional Analysis
The ASEAN fiberglass roving market thrives on synchronized industrial growth across member states. Thailand’s automotive sector, producing 1.9 million vehicles annually, drives demand for lightweight composites. Simultaneously, Vietnam’s commitment to installing 7GW of offshore wind capacity by 2030 creates specialized applications in turbine blade manufacturing. Malaysia emerges as a technology hub with automated production lines improving filament alignment consistency by 15%.
Key Market Drivers and Opportunities
Infrastructure development commands 38% of fiberglass roving demand, with Indonesia’s $35 billion infrastructure budget fueling concrete reinforcement needs. The automotive transition to lightweight materials presents a $2.1 billion opportunity, particularly for underbody components requiring 2500-4400 MPa tensile strength. Offshore wind projects offer another growth vector, with single 8MW turbines consuming 12-15 tons of composite materials.
Emerging opportunities include:
- Bio-compatible rovings for medical equipment
- Fire-retardant formulations for building safety codes
- Smart rovings with integrated sensors for structural health monitoring
Challenges & Restraints
Raw material volatility poses significant hurdles, with silica and petrochemicals constituting 60% of production costs. Geopolitical tensions have triggered 22% fluctuations in ethylene prices since 2022. Meanwhile, carbon fiber’s 18% cost reduction since 2018 intensifies competition in high-performance segments.
Additional challenges include:
- Styrene emission regulations requiring $2-5 million containment investments
- 45% reliance on non-ASEAN raw material imports
- Workforce skill gaps delaying advanced manufacturing adoption
Market Segmentation by Type
- Continuous Multi-End Roving (72% market share)
- Chopped Multi-End Roving
- Low-Fuzz Specialty Roving
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/221812/southeast-asia-fiberglass-multi-end-roving-market
Market Segmentation by Application
- Automotive Components
- Wind Turbine Blades
- Construction Panels
- Pressure Vessels
- Marine Composites
Key Market Players
- Jushi Group (2M ton annual capacity)
- Owens Corning
- PPG Industries
- PT Central Glass Fiber
- Thai Fiberglass Solutions
- Nippon Electric Glass
- Taiwan Glass Industry Corporation
Report Scope
This comprehensive analysis covers 2024-2032 market forecasts across Indonesia, Thailand, Vietnam, Malaysia, and Philippines. The report delivers:
- Volume and value projections by country
- Production capacity mapping
- Price trend analysis
- Competitive benchmarking
- Technology adoption curves
The research methodology involved plant visits, executive interviews, and analysis of 120+ industry data points to validate market sizing and growth hypotheses.
Get Full Report Here: https://www.24chemicalresearch.com/reports/221812/southeast-asia-fiberglass-multi-end-roving-market
About 24chemicalresearch
Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.
- Plant-level capacity tracking
- Real-time price monitoring
- Techno-economic feasibility studies
With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.
International: +1(332) 2424 294 | Asia: +91 9169162030
Website: https://www.24chemicalresearch.com/
Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch
