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Glass Mat Market Size

  • Report ID: GMI7211
  • Published Date: Oct 2023
  • Report Format: PDF

Glass Mat Market Size

Glass Mat Market was valued at USD 1.24 billion in 2023 and is anticipated to grow a CAGR of over 5.4% between 2024 and 2032.

 

Glass Mat Market

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The glass mat industry is poised for growth driven by increasing demand in construction and infrastructure projects, the automotive industry, wind energy sector, and electronics applications. As the global economy continues to expand, the need for glass mats in areas such as roofing, insulation, lightweight automotive components, wind turbine blades, and electrical insulation remains robust.

 

However, the industry faces challenges, including raw material price volatility, environmental concerns, and stiff competition. To thrive in this market, companies must focus on product quality, innovation, and sustainability while meeting evolving regulatory requirements, all while navigating potential supply chain disruptions. The glass mat market's future success hinges on its ability to adapt to these dynamics and provide solutions for a wide range of industries.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for glass mat was USD 1.24 billion in 2023 and will register over 5.4% CAGR from 2024-2032 due to the increasing demand in construction and infrastructure projects, the automotive industry, wind energy sector, and electronics applications worldwide.

The construction and infrastructure application segment held 43.6% share of the glass mat market in 2022 and is expected to register a commendable CAGR from 2023-2032 on account of the rising demand for glass mats in roofing, insulation, and wallboards.

North America held 34.9% share of the glass mat industry in 2022 and is expected to register a significant CAGR from 2023-2032 owing to the stringent environmental regulations that favor the adoption of sustainable materials in the region.

PPG Industries, Taishan Fiberglass, Fibretech Industries, Ashland, P-D Glasseiden, and Nitto Boseki, are some of the major glass mat companies worldwide.

Glass Mat Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 185
  • Countries covered: 16
  • Pages: 120
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