The Southeast Asia single-end roving market continues to demonstrate robust growth, with its valuation reaching USD 320 million in 2024. According to industry analysis, the market is projected to grow at a CAGR of 5.2%, reaching approximately USD 480 million by 2032. This expansion is primarily driven by increasing demand from automotive, aerospace, and construction sectors across emerging Southeast Asian economies.
Single-end roving, comprising continuous or chopped fiber strands primarily made of glass or carbon, serves as a critical reinforcement material in composite manufacturing. These rovings significantly enhance mechanical properties like strength and durability in end products. The material exists in two primary forms: continuous single-end roving (used in filament winding and pultrusion processes) and chopped single-end roving (applied in compression molding and thermoplastic compounds).
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Market Overview & Regional Analysis
Southeast Asia dominates the regional single-end roving market with Indonesia holding the largest market share, while Vietnam emerges as the fastest-growing market. The region benefits from rapid industrialization in Thailand, Indonesia, and Vietnam combined with massive infrastructure development projects expanding across ASEAN nations.
The market faces interesting dynamics across different countries. While Indonesia’s established manufacturing base drives consistent demand, Vietnam’s growing automotive sector creates new opportunities. Thailand remains a production hub for major global players, leveraging its developed industrial ecosystem and favorable trade policies.
Key Market Drivers and Opportunities
The market growth stems from three primary factors: the automotive industry’s shift toward lightweight materials, aerospace sector requirements for high-performance composites, and infrastructure development across Southeast Asia. The automotive sector accounts for approximately 35% of total consumption, with fiberglass reinforcements becoming essential for modern vehicle manufacturing.
Significant opportunities exist in wind energy applications, particularly for turbine blade manufacturing. As Southeast Asian nations accelerate their renewable energy transitions, domestic production of turbine components using single-end roving is expected to surge. Additionally, technological innovations in roving formulations present opportunities for corrosion-resistant piping and high-performance sporting goods applications.
Challenges & Restraints
The single-end roving market faces several challenges including volatile raw material prices, particularly for glass fibers and sizing chemicals. Energy-intensive production processes have become more susceptible to global energy market fluctuations, with energy costs representing 30-35% of total production expenses.
Other significant barriers include:
Market Segmentation by Type
- Continuous Single-end Roving
- Chopped Single-end Roving
- Others
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Market Segmentation by Application
- Automotive
- Aerospace
- Construction
- Wind Energy
- Industrial Applications
- Others
Market Segmentation and Key Players
- Owens Corning
- Jushi Group
- Nippon Electric Glass
- Taishan Fiberglass
- Saint-Gobain Vetrotex
- PPG Industries
- PT. Inti Keramikus Alam Indonesia
- Thai Glass Fiber
- Binani 3B Fibreglass
- Chongqing Polycomp International Corp
Report Scope
This report presents a comprehensive analysis of the Southeast Asian single-end roving market, covering the period from 2024 to 2032. It includes detailed insights into the current market status and outlook across various Southeast Asian countries, with specific focus on:
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Sales, sales volume, and revenue forecasts
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Detailed segmentation by type and application
In addition, the report offers in-depth profiles of key industry players, including:
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Company profiles
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Product specifications
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Production capacity and sales
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Revenue, pricing, gross margins
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Sales performance
It further examines the competitive landscape, highlighting the major vendors and identifying the critical factors expected to challenge market growth.
As part of this research, we surveyed single-end roving manufacturers and industry experts. The survey covered various aspects, including:
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Revenue and demand trends
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Product types and recent developments
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Strategic plans and market drivers
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Industry challenges, obstacles, and potential risks
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