Regardless of a company’s size or income, the most recent research report from Quadintel offers a thorough analysis of the global Glass Mat Market for the years 2023–2030.
The global market report provides statistics and information on the evolution of the investment structure, technological advancements, industry trends and developments, market players’ capabilities, and in-depth details on the major market players. The analysis also includes a summary of the global market strategies that have been implemented in light of the industry’s present and future conditions.
An overview of the Glass Mat Market, the current state of the industry, market trends, significant market participants, product type, application, and geography are provided at the beginning of the study. It also covers how COVID-19 has affected market participants, end-user industries, future predictions, growth potential, and worldwide market trends.
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Market Overview:
Global Glass Mat Market is valued at approximately USD 1.12 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.00% over the forecast period 2022-2029.
Glass mats, also known as glass veils, are non-woven materials made of fiberglass fibres of varying sizes. Due to the vertical alignment of these glass fibres, the electrolyte can pass through the glass mat and allow hydrogen gas to escape. The fibres are equally agitated, and some organic additions bind them together. The Glass Mat Material market is expanding because of factors such as Increasing use in industrial and construction & infrastructure sectors, growing demand for lightweight products in automotive & transportation industry, rising demand for open mold applications in developing countries.
According to Statista, the total construction industry spending in year 2021 stood at 12.9 billion which increased to 13.4 billion in year 2022 and it is projected to reach 19.2 billion in year 2035. As a result, with the rising construction spending, there would be more requirements for glass mats. Furthermore, penetration of composite materials in emerging economies and increasing demand from emerging markets due to growth of end-use industries is creating lucrative opportunities for the market. However, lack of standardization in manufacturing technologies of various glass fiber products and automation in various industries diverting the use of glass mats to other glass fabrics and roving stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Glass Mat Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. By value, and with the biggest market share in 2021, APAC was the region that dominated the glass mat market. Due to the increasing demand from the construction & infrastructure and industrial sectors, the glass mat market is expanding at the fastest rate in the Asia Pacific region.
Major market players included in this report are:
- Owens Corning,
- Chongqing Polycomp International Corporation (CPIC),
- China Jushi Co., Ltd.
- Binani industries limited,
- Saint-Gobain S.A,
- Taiwan Glass Ind Corp,
- Nippon Electric Glass Co., Ltd.,
- China Beihai Fiberglass Co., Ltd,
- Superior Huntingdon Composites Co., LLC,
- Jiangsu Changhai Composite materials Co., Ltd,
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Recent Developments in the Market:
In July 2021, Owens Corning announced the acquisition of Vliepa GmbH in order to expand its non-woven product catalog and aims to serve building and construction industry in the European region.
In January 2021, to recycle glass fibre scraps and use them in the production of its engineered goods, Johns Manville Corp. established its thermal recycling facility in Trnava, Slovakia. More than 3 tonnes of recycling may be done every hour at this facility.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Glass End Use offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Raw material:
Glass Fiber
Binder
By Glass Type:
E-Glass
ECR-Glass
S-Glass
C-glass
Others
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By Mat Type:
Chopped Strand
Continuous Filament
By End-Use:
Construction & Infrastructure
Industrial
Automotive & Transportation
Marine
Sports & Leisure
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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