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Glass Mat Market likely to witness an impressive CAGR of 5.2%, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Glass Mat Market scenarios and has also estimated the market size to reach grow at CAGR of 5.2%. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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Glass substrate is also quite often referred to as raw glass and is mainly glass plies. These are used in the fabrication process of glass units.

Glass substrate is available in different types such as borosilicate-based, silicon-based, ceramic-based, and others.

Glass substrate is used in a number of industries such as electronics, automotive, medical, aerospace, and solar power.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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Based on the mat type, the market is segmented as chopped strand mat and continuous filament mat. Chopped strand mat is estimated to be the faster-growing mat type segment during the forecast period. It was also the larger segment for glass mat in 2018, in terms of value, driven by the fact that it is the most favored mat type to fabricate composites. Chopped strand mat is extensively applicable in marine, recreational, industrial, transportation, and construction applications, among others, which is driving the growth of the segment.

Based on the binder type, the market is segmented as emulsion bonded glass mat and powder bonded glass mat. The emulsion-based glass mat segment commanded the glass mat market owing to its better handling properties, ease of processing, and better surface bonding efficiency against powder bonded glass mat. Emulsion bonded mats provide benefits, such as rapid resin impregnation, easy air removal, good surface bonding, high strand integrity, better aesthetics to composite parts, and low resin consumption, among a host of others.

Based on the end-use industry type, the market is segmented as construction & infrastructure, industrial applications, automotive & transportation, marine, sports & leisure goods, and others. The construction & infrastructure segment captures the highest share of the market, driven by rapid innovations in the integration of lightweight GFRP composites, which offer robust corrosion resistance, and better aesthetic properties. This is likely to further pace up the demand for glass mat from construction & infrastructure component manufacturers.

In terms of regions, presently, Asia Pacific is estimated to be the largest consumer of glass mat globally. India and China are the high growth engines of the region due to the growing construction & infrastructure and industrial & chemical industries in both of these countries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Highlights of the Report:

Glass Mat Market is likely to witness an impressive CAGR of 5.2% during the forecast period. High demand from the construction & infrastructure industry and other emerging application industries such as industrial & chemical and automotive and the property of glass mat bearing the ability to reduce weight and impart better aesthetic looks than metal parts are the major factors expected to drive the global glass mat market during the forecast period.

Some of the major players in the glass mat market are Binani Industries Limited, Central Glass Co., Ltd., China Beihai Fiberglass Co., Ltd., Chongqing Polycomp International Corporation, Eastern Industrial Company (EICO), Hangzhou Mingda Glass Fibre Co., Ltd., Jushi Group Co., Ltd., Jiangsu Jiuding New Material Co., Ltd., P-D Glasseiden GmbH, and Saint-Gobain S.A.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Glass Mat Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors 

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Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.