Market Snapshot:
These are the mats that are composed of materials that consist of numerous fine fibers of glass. They are comparable mechanical properties like carbon fibers. Though it is not as rigid as the carbon fibers it is brittle and much cheaper for application. The glass fiber mats are used in industries like automotive, aerospace, construction, and infrastructure. As a result of increasing demand from the automotive and the aerospace industry, the market for glass fiber mats is expected to increase in the coming years. The glass fiber mats provide better aesthetics than the metal parts.
Highlights from Glass Fibre Mats Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.2% |
The key Vendors profiled in the report are China Jushi Co., Ltd. (China), Owens Corning (United States), Nippon Electric Glass Co., Ltd. (Japan), Taishan Fiberglass Inc. (CTG) (China), Chongqing Polycomp International Corp. (CPIC) (China), Johns Manville Corp (United States), Ahlstrom-Munksjö (Finland), Jiangsu Changhai Composite (China), Sinoma Jinjing Fiberglass (China) and Shaanxi HuaTek Fiberglass Material (China).
Geographic Breakdown and Segment Analysis
The Global Glass Fibre Mats market presents a comprehensive analysis of the Glass Fibre Mats market by product type (Chopped Strand and Continuous Filament), by end-user/application (Automotive, Aerospace, Construction & Infrastructure, Industrial & Chemical, Marine, Sports Equipment and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Glass Fibre Mats industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Glass Fibre Mats market
Analyst at AMA have segmented the market study of Global Glass Fibre Mats market by Type, Application and Region.
Influencing Trend:
The Rising Automation and Shift towards Close Mould Applications from Open Mould Applications
Market Growth Drivers:
Increased Use of Fiberglass Composites in The Automotive Industry and High Disposable Income
Challenges:
Capital-Intensive Production and Complex Manufacturing Process of Fiberglass
Restraints:
Issues in The Glass Wool Recycling
Opportunities:
Increasing Number of Wind Energy Capacity Installations and The Technological Innovations and Advanced Products
Market Developments Activities:
In October 2023, Pultrall, a manufacturer of fiberglass pultruded profiles, partnered with Chomarat, a leader in non-woven technical textiles, to develop innovative composite solutions for the construction industry. This partnership aims to combine Pultrall's expertise in pultruded profiles with Chomarat's know-how in non-woven mats to create lighter, stronger, and more durable building materials.
In December 2023, PPG Industries, a global supplier of paints, coatings, and specialty materials, announced a collaboration with the University of Tennessee, Knoxville, to develop new, sustainable glass fiber sizing technologies. This partnership could lead to more environmentally friendly Glass Fibre Mats with improved performance characteristics.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Glass Fibre Mats, Suppliers and Distributors of Glass Fibre Mats, Venture Capitalists and Private Equity Firms and End-Use Industry