Global Glass Mat Market Overview:
The global glass mat market is expected to witness high demand in the forecasted period due to increasing demand in industrial and chemical sectors across the world. Glass mat (or is a non-woven material composed of randomly sized fiberglass that is uniformly distributed and bonded together by organic additives. The mat-forming process produces a fabric that is strong, stable and heat-resistant. Customers can specify weight and other physical characteristics of the glass filament mat, such as stiffness and porosity. Automation in Various Industries is Diverting the Use of Glass Mats to Other Glass Fabrics and Roving
As per latest study released by AMA Research, the Global Glass Mat market is expected to see growth rate of 5.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Adoption in Automotive and Transportation Industry and Upsurging Demand From Open Mold Applications in Emerging Countries
Market Growth Drivers:
The Growing Infrastructure Development across the World and The Rising Chemical Industries in Developing Countries
Challenges:
The Increasing Concern Related to High-Performance Substitutes
Restraints:
Rapid Growth of Close Mold Applications in Developed Regions and Automation in Various Industries is Diverting the Use of Glass Mats to Other Glass Fabrics and Roving
Opportunities:
High Adoption from Emerging Markets Due to Growth of Many End-Use Industries and Introduction of Composite Material In Developing Countries
Competitive Landscape:
The key players are focusing on growth strategies such as product launches, product innovations, mergers and acquisitions, and partnerships & collaborations. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Some of the key players profiled in the report are Saint-Gobain (France), Owens Corning (United States), Jushi Group Co. Ltd. (China), CPIC (China), Taiwan Glass Ind Corp. (Taiwan), Binani Industries Limited (India), Nippon Electric Glass (Japan), Nitto Boseki (Japan), Jiangsu Changhai (China) and Texas Fiberglass (United States). Additionally, following companies can also be profiled that are part of our coverage like Jiangsu Jiuding (China). Analyst at AMA Research see Asian Vendors to retain maximum share of Global Glass Mat market by 2030. Considering Market by Binder Type, the sub-segment i.e. Emulsion Bonded Glass Mat will boost the Glass Mat market. Considering Market by End User, the sub-segment i.e. Construction & Infrastructure will boost the Glass Mat market.
Latest Market Insights:
In August 2023, AGY, a global manufacturer of high-performance fibers, and TenCate, a leading materials science company, announced a collaboration to develop innovative glass fiber mat solutions for battery applications.
In October 2023, Vetrotex introduced its Vectran™ Infinity glass fiber mat, offering enhanced strength and durability for wind turbine blades.
What Can be Explored with the Glass Mat Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Glass Mat Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Glass Mat
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Glass Mat market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Glass Mat market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Glass Mat Manufacturers, Raw Material Suppliers, Distributors & Suppliers, Industry Associations, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.