Glass Mat Thermoplastic Market Size, Share | Industry Analysis by 2027
Glass mat thermoplastic is a semi-finished product in the panel form. Glass mat thermoplastic offers better mechanical properties than injection molded reinforced thermoplastic due to its higher residual length of the glass strands. Glass mat thermoplastic is generally used as a substitute for metals such as steel and aluminum. Glass mat thermoplastic are mostly available in the panel form but it also used in the form of 3D structural component.
Glass mat thermoplastic is a light weight material with
outstanding impact resistance. It has low relative density, excellent hardness
and rigidity at low temperatures and durability and ease of recycling,
resistance to chemicals and moisture. The demand of the glass mat thermoplastic
material from the automobile and aeration industry leads to the growth of the
global glass mat thermoplastic market.
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Glass Mat Thermoplastic Market – Drivers and Restraints
The global glass mat thermoplastic market is projected to
grow at a significant CAGR as the demand of the glass mat thermoplastic
material is increasing due to rising industrialization. The glass mat
thermoplastic material has various advantages such as flexibility, corrosion
resistance, impact resistance, durability over the metal materials and can be
substitute to the metals such as steel and aluminium which also drives the
global glass mat thermoplastic market.
The increasing government mandates for higher fuel economy
and its light weight property resulted into the increasing demand of the glass
mat thermoplastic materials from automobile, aerospace and defence industry,
boost the global glass mat thermoplastic market.
However, the high prices of the glass mat thermoplastic
material may hamper the demand and restrain the global mat thermoplastic
market.
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Glass Mat Thermoplastic Market – Region Wise Outlook
The global glass mat thermoplastic market is segmented into
the seven regions: North America, Latin America, Western Europe, and Eastern
Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa
(MEA). The APEJ region is dominating the global glass mat thermoplastic market
and contributed leading share to the global glass mat thermoplastic market in
terms of revenue and volume.
The increasing demand of the substitute product such as
glass mat thermoplastic to the steel, aluminium and plywood from the industries
resulted into the growth of the glass mat thermoplastic market in APEJ. the
North America and Western Europe are also contributed the significant shares
and projected to register the healthy growth due to increasing demand of the
glass mat thermoplastic material from automobile, aerospace and defence
industry. The Eastern Europe and Japan are expected to register the moderate
growth to the global glass mat thermoplastic market. The MEA and Latin America
are at a nascent stage and expected to register the significant market growth
over the forecast period 2016 to 2026.
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Glass Mat Thermoplastic Market - Key Players
The key players of the global glass mat thermoplastic market
are as follows:
- Quadrant
Plastic Composites
- E.
I. du Pont de Nemours
- Hanwha
Advanced Materials
- JFE
Chemical Corporation
- SABIC
- Royal
Ten Cate NV
- Celanese
Corporation
- BASF
SE
- Cytec
Industries
- Royal
DSM
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the market and contains thoughtful insights, facts, historical data, and
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projections using a suitable set of assumptions and methodologies. The research
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The report covers exhaustive analysis on:
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Segments
- Market
Dynamics
- Market
Size
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& Demand
- Current
Trends/Issues/Challenges
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& Companies involved
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- Value
Chain
Regional analysis includes
- North
America (U.S., Canada)
- Latin
America (Brazil, Mexico, Rest Of Latin America)
- Western
Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium,
Netherlands, Luxembourg)
- Eastern
Europe (Poland, Russia, Rest Of Eastern Europe)
- Asia
Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle
East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)
The report is a compilation of first-hand information,
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provides in-depth analysis of parent market trends, macro-economic indicators
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report also maps the qualitative impact of various market factors on market
segments and geographies.
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