Global Glass Mat Market, By Mat Type (Chopped Strand Mat, Continuous Filament Mat), Binder Type (Emulsion Bonded Glass Mat, Powder Bonded Glass Mat), 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), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Glass Mat Market
Data Bridge Market Research analyses that the glass mat market will witness a CAGR of 4.97% for the forecast period of 2022-2029 and is likely to reach USD 1,655.08 million by 2029.
A glass mat is a non-woven substance made of massively formed fiberglass which are usually evenly dispersed and bind together by organic additives. They have the ability to create fibres that are usually heat resistant and strong in nature. They are widely used in applications such as construction and infrastructure, marine, sports and leisure, and others.
Growing demand for lightweight product by the automotive and transportation industry is the major factor accelerating the growth of the glass mat market in the forecast period of 2022-2029. Increasing production of wind turbines blades and ability to decrease the weight and provide better look as compared to the metal is propelling the market in the forecast period of 2022-2029. Furthermore, widely used in construction and infrastructure industries and in industrial application are also expected to drive the growth of the glass mat market in the forecast period of 2022-2029. However, availability of high performance alternatives and growth of cold mold application restrains the glass mat market, whereas, high prices will challenge market growth in the forecast period of 2022-2029.
In addition, rapidly increasing demand from industrial and chemical sector, especially in developing regions will create ample opportunities for the glass mat market in the above mentioned forecast period.
This glass mat market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on glass mat market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Glass Mat Market Scope and Market Size
The glass mat market is segmented on the basis of mat type, binder type, end- user and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of mat type, the glass mat market is segmented into chopped strand mat and continuous filament mat.
- Glass mat market on the basis of binder type is segmented into emulsion bonded glass mat and powder bonded glass mat.
- Glass mat market is also segmented on the basis of end- user into construction and infrastructure, industrial applications, automotive and transportation, marine, sports and leisure goods and others.
- Based on application, the glass mat market is segmented into drywall tape and accessories, flooring enforcement, wall reinforcement, roofing and waterproofing and insulation.
Glass Mat Market Country Level Analysis
The glass mat market is analysed and market size, volume information is provided by country, mat type, binder type, end- user and application as referenced above.
The countries covered in the glass mat 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, Israel, Egypt, South Africa, 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.
Asia-Pacific dominates the glass mat market and will continue to flourish its dominance during the forecast period due to growth in industrial and chemical industry and construction and infrastructure industry in the region in the forecast period of 2022-2029. However, North America will continue to project the highest growth rate for this period owing to increasing industrialization in developed economies in the region.
The country section of the glass mat market 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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 glass mat 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 glass mat market.
Some of the major players operating in the glass mat market are Owens Corning, Braj Binani Group., ADFORS, TAIWAN GLASS IND. CORP, Nippon Electric Glass Co.,Ltd., China Beihai Fiberglass Co. Ltd., Jiangsu Changhai Composite Materials Co., Ltd., John Manville, KROSGLASS SA, Sisecam Group, Hitech Fibre Glass Mattings (P) Ltd., Jiangsu Jiuding New Materials Co., Ltd., Schott AG, Taiwan Glass Ind. Corp., Nippon Sheet Glass Co., Ltd, Armortex, Total Security Solutions (TSS), Apogee Enterprises, Inc., Binswanger Glass, Nitto Boseki Co., Ltd and RUBY MICA CO. LTD. among others.
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