Glass Mat Market

The report "Glass Mat Market by Mat Type (Chopped Strand, Continuous Filament), Binder Type (Emulsion, Powder), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Industrial & Chemical, Marine), and Region - Global Forecast to 2022", The glass mat market is estimated to grow from USD 931.5 Million in 2016 to USD 1,238.5 Million by 2022, at a CAGR of 4.83% between 2017 and 2022.

Browse 77 Market Data Tables and 47 Figures spread through 141 Pages and in-depth TOC on "Glass Mat Market by Mat Type (Chopped Strand, Continuous Filament), Binder Type (Emulsion, Powder), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Industrial & Chemical, Marine), and Region - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/glass-mat-market-32320559.html
Early buyers will receive 10% customization on reports.

The glass mat market is driven by the increasing demand from industrial & chemical, construction & infrastructure, and automotive sectors, especially in the developing regions. The demand for glass mat is also rising for manufacturing of wind energy blades, as these materials are economical and provide high performance. The rapid growth in the wind energy market, wind turbine blade manufacturing, and the emergence of China and other Asian countries as major wind energy producers are boosting the consumption of glass mats, subsequently driving the glass mat market at a significant pace.

Chopped strand mat segment comprises a major share of the glass mat market, in terms of both value and volume.

Chopped strand mats are used in various hand lay-up and closed mold applications to mold various types of composites products. This mat type is compatible with polyester and vinyl ester resin systems. The major application sectors for chopped glass mats include recreational, marine, transportation, industrial, and construction. The length of chopped strand mat varies depending on properties and application requirements.

Construction & infrastructure is the largest application segment of the glass mat market, in terms of both value and volume.

Glass mat composites find high usage in the many applications in the construction & infrastructure industry, since they offer several advantages over traditional materials such as light weight, tensile strength, corrosion resistance, better surface finish, and easy processing. Glass mat are also finding applications in bathroom fixtures, translucent architectural paneling, industrial building sky lights, and swimming pools.

Asia Pacific accounts for a major share of the glass mat market.

Asia Pacific accounts for the largest share of the glass mat market owing to the high demand from construction & infrastructure, industrial & chemical, and automotive & transportation sectors. Growth of the wind energy industry in this region has also increased the demand for glass mat. The increased focus of India and China on producing electricity through renewable sources and increasing wind installations in China, Japan, India, and other developing countries will drive the glass mat composites market in the region. In addition, the consumer goods sector also drives the market, especially, in China, India, and other developing countries.

Some of the key global players of the glass mat market are Owens Corning (US), Jushi Group Co., Ltd. (China), Binani Industries Ltd (India), China Beihai Fiberglass (China), and Nippon Electric Glass (Japan), among others. These players have adopted various organic and inorganic developmental strategies in the past five years to maintain their position in the glass mat market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: [email protected]