Global Glass Mat Market – Industry Trends and Forecast to 2031

Global Glass Mat Market, By Mat Type (Chopped Strand Mat and Continuous Filament Mat), Binder Type (Emulsion Bonded Glass Mat and Powder Bonded Glass Mat),  Manufacturing Process (Wet-Laid, Dry-Laid, and Others), End-User (Construction and Infrastructure, Industrial Applications, Automotive and Transportation, Marine, Sports and Leisure Goods, and Others), Application (Drywall Tape and Accessories, Flooring Enforcement, Wall Reinforcement, Roofing Waterproofing, and Insulation) - Industry Trends and Forecast to 2031.

Glass Mat Market Analysis and Size

The glass mat market is experiencing rapid growth due to advancements in technology and the adoption of the latest methods. Innovations such as enhanced durability, increased product lifespan, and superior performance in various applications are driving this expansion. This sector's evolution underscores a pivotal shift towards more sustainable and efficient materials, meeting diverse industrial and consumer demands effectively.

The global glass mat market size was valued at USD 1.24 billion in 2023, is projected to reach USD 1.83 billion by 2031, with a CAGR of 4.97% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Glass mat, also known as fiberglass mat, is a non-woven material made from randomly dispersed glass fibers bonded together with a binder. It is commonly used in composite materials for its strength, durability, and resistance to heat and chemicals. Glass mats find applications in industries such as automotive, construction, and marine, where reinforcement and insulation properties are crucial.

Glass Mat Market Dynamics

Drivers

• Rising Awareness and Adoption of Lightweight Materials

The rising adoption of lightweight materials, exemplified by glass mats, is driven by a global shift towards sustainable construction solutions. With their reduced weight compared to metals and concrete, glass mats ease handling, transportation, and lower environmental impact. This trend fuels increased market penetration as industries prioritize efficiency and sustainability. For instance, in roofing applications, glass mats enhance structural integrity while reducing overall weight, aligning with green building standards and driving market expansion.

• Growing Demand in Construction Industry

The glass mat market is experiencing significant growth due to rising construction activities worldwide, particularly in residential and commercial sectors. Glass mats are essential for reinforcing materials such as asphalt roofing, gypsum boards, and insulation. This surge in construction demands durable and cost-effective materials, positioning glass mats as a preferred choice. For instance, the expansion of urban infrastructure projects across Asia-Pacific and North America underscores the increasing reliance on glass mats in modern construction practices.

Opportunities

• Technological Advancements in Electronics Sector

Technological advancements in the electronics sector, driven by growth in consumer electronics, telecommunications, and industrial automation, are significantly boosting the demand for high-performance electronic materials such as glass mats. These mats are essential in applications such as printed circuit boards (PCBs) and electronic insulation. For instance, the increasing complexity and miniaturization of electronic devices require materials that offer superior electrical insulation and mechanical strength, thus propelling the glass mat market forward.

• Expansion in Wind Energy Installations

The expansion of wind energy installations globally, driven by significant investments in renewable energy projects, particularly in wind power, is fueling demand for glass mats. These mats are essential in manufacturing lightweight and durable wind turbine blades. For instance, the increasing installation of wind farms in regions such as Europe and North America underscores the growing reliance on glass mats, highlighting their pivotal role in advancing sustainable energy solutions and driving market growth.

 Restraints/Challenges

• High Cost of Raw Materials

The glass mat market faces significant challenges due to the high cost of raw materials such as glass fibers and resins. These expenses directly influence product pricing, limiting market competitiveness. Moreover, fluctuating raw material prices further destabilize profit margins, making it difficult for manufacturers to predict and manage production costs effectively.

• Intense Competition from Alternative Materials

Intense competition in the glass mat industry stems from alternative materials such as nonwoven fabrics and natural fibers. Price wars in mature markets exacerbate profitability pressures, hindering sustainable growth. The market's struggle against cheaper alternatives and aggressive pricing dynamics underscores ongoing challenges in maintaining profitability and market share.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In November 2023, Saint-Gobain's subsidiary, CertainTeed Roofing, held a groundbreaking ceremony in Bryan, Texas, marking the start of construction for a new roofing manufacturing and distribution center. The facility aims to enhance production capabilities to meet growing market demands for advanced roofing solutions across the U.S.
• In October 2023, Ahlstrom OYJ launched a new glass fiber tissue designed for high-performance construction materials. This product targets global demand for robust building materials, leveraging Ahlstrom's expertise in fiber-based solutions to provide enhanced strength and durability in construction applications worldwide
• In March 2023, Canadian start-up Fortis3D introduced new glass fiber nylon filaments for 3D printing. These innovative materials offer enhanced structural integrity and versatility, catering to the expanding needs of industries adopting additive manufacturing technologies for producing complex and durable components
• In February 2023, the European Glass Fibre Producers Association commissioned PwC to conduct a comprehensive life cycle assessment (LCA) report on continuous filament glass fiber products. This initiative aims to evaluate and promote the sustainability credentials of glass fiber materials used across various industrial sectors
• In January 2023, Blackburn-based B&M Longworth joined a consortium focused on advancing the recycling of glass fiber composites. Building on their success with the Deecom 'proteolysis' process for carbon composites, the consortium aims to develop innovative recycling solutions to address environmental challenges in composite materials disposal

Glass Mat Market Scope

The market is segmented on the basis of mat type, binder type, manufacturing process, end- user and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Mat Type

• Chopped Strand Mat
• Continuous Filament Mat

 Binder Type

• Emulsion Bonded Glass Mat
• Powder Bonded Glass Mat

 Manufacturing Process

• Wet-Laid
• Dry-Laid
• Others

 End- User

• Construction and Infrastructure
• Industrial Applications
• Automotive and Transportation
• Marine
• Sports and Leisure Goods
• Others

 Application

• Drywall Tape and Accessories
• Flooring Enforcement
• Wall Reinforcement
• Roofing Waterproofing
• Insulation

Glass Mat Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by mat type, binder type, manufacturing process, end- user and application as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America will continue to project the highest growth rate in the glass mat market for this period, driven by robust industrialization in its developed economies and demand for glass floor mat. This trend underscores rising demand across various sectors, buoyed by advancements in manufacturing and construction applications in the region.

Asia-Pacific is expected to dominate the glass mat market throughout the forecast period, bolstered by robust growth in the industrial, chemical, construction, and infrastructure sectors. This region's expanding industries drive demand for glass mats, supporting sustained market growth and development.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Glass Mat Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

• Owens Corning (U.S.)
• Binani Industries Ltd. (India)
• ADFORS / Saint Gobain (France)
• TAIWAN GLASS IND. CORP (Taiwan)
• Nippon Electric Glass Co.,Ltd. (Japan)
• China Beihai Fiberglass Co., Ltd. (China)
• Jiangsu Changhai Composite Materials Co., Ltd. (China)
• John Manville (U.S.)
• KROSGLASS SA  (Poland)
• Şişecam (Turkey)
• Jiuding New Material Co., Ltd  (China)
• Nippon Sheet Glass Co., Ltd (Japan)
• Armortex (U.S.)
• Total Security Solutions (U.S.)
• Apogee Enterprises, Inc. (U.S.)
• Nitto Boseki Co., Ltd.  (Japan)