glass mat market

Applications as a substitute for aluminium and steel augments the Glass Mat
Market overview
Glass mat thermoplastic is a simply mouldable thermoplastic employed to make multiple
components, mainly in the automotive industry. It exhibits many mechanical properties
than injection moulded reinforced thermoplastic due to its improved residual length of the
glass strands. It is primarily organised as a substitute for aluminium and steel. They are
obtainable in the panel form and used in 3D structural component form.
Glass Mat Market is estimated to rise from USD 1031.5 Million in 2019 to USD 1,438.5
Million by 2024, at a CAGR of 4.83% between 2019 and 2022.
Market Drivers and Restrains
Rise in government creativities for higher fuel economy, recycling procedures, and ease of
handling are the significant aspects that increase the market growth.
In addition, the bumper beam accounts for the leading automotive application, and it is
expected to continue as the most significant automotive application in the forecast period.
Advanced glass mat is the most extensively used material, due to its lightweight nature
when compared to traditional thermoplastics, which is expected to increase the market
However, the changing prices of the glass mat thermoplastic material are expected to
hinder the popularity and inhibit the global market growth.
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Report is segmented as
By Mat Type
Chopped Strand
Continuous Filament
By Binder Type
Geographical Segmentation:
Based on geography, the market is divided under several regions such as North America,
Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific region has the highest share
of the global glass mat market.
Key market players:
Royal DSM
Celanese Corporation
Cytec Industries
JFE Chemical Corporation
Quadrant Plastic Composites
Hanwha Advanced Materials
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations
of market potential and forecasts with utmost granularity. Along this, the factors influential
in influencing the market dynamics and trends discussed in detail at the product level.
Further, the performance of the market at the regional and country-level had assessed and
the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance,
market position and growth strategies. Comparative analysis on prime strategically activities
of the market players delineating the key developments like mergers & acquisitions,
collaborations and an evaluation of the competitive environment within the industry had
provided. The report also provides a broad outlook of the current market along with
recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and
experience in designing custom reports to meet your specific research needs and assist you
in making well-informed decisions.
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Glass Mat Market is expected to grow by USD 1023.65 Million in 2018 and is expected to grow by USD 1295.93 Million by 2023 at the CAGR of about 4.83%.