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Glass Mat Market Trends

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

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Glass Mat Market Trends

Sustainability has become a key focus, with manufacturers increasingly exploring eco-friendly materials and energy-efficient production methods to reduce their environmental footprint. Lightweighting, particularly in the automotive and aerospace sectors, remains a significant trend, driving the demand for advanced glass mat composites. Furthermore, technological advancements in the production process are enhancing product quality and consistency. The market is also witnessing growing adoption in emerging applications such as electric vehicle batteries, helping to diversify its customer base. As infrastructure development and renewable energy projects continue to expand globally, the glass mat industry is expected to see sustained growth, with a strong emphasis on innovation and sustainable practices.

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.