Glass Mat Market by Material Type, Product Type, Application

List of Tables

[181 Pages Report] The Glass Mat Market size was estimated at USD 1.59 billion in 2023 and expected to reach USD 1.72 billion in 2024, at a CAGR 8.24% to reach USD 2.78 billion by 2030.

A glass mat is a sheet material composed of randomly arranged glass fibers bonded together, typically with a binder. These mats reinforce plastics and other materials, providing enhanced strength and durability. They are commonly used to produce composite materials in different industries, including automotive, construction, and marine. Increased demand in the construction and automotive industries and escalating deployment of renewable energy sources drive the demand for the glass mat market. However, the presence of alternative products and the complexity of recycling glass mats, coupled with technical and performance Issues associated with the glass mat, can deter the market growth. Nevertheless, advancements in glass mat production technologies and the growing use of glass mat products in energy storage systems and sports equipment are expected to drive market opportunities for the glass mat as the demand for lighter, more durable materials increases.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.59 billion
Estimated Year [2024]	USD 1.72 billion
Forecast Year [2030]	USD 2.78 billion
CAGR (%)	8.24%

Regional Insights

In the Americas, the demand for glass mats is supported by the construction and automotive industries. Due to strict emissions and fuel efficiency regulations, automotive manufacturers are increasingly adopting lightweight materials such as glass mats, which help improve vehicle efficiency by reducing weight. Additionally, recent initiatives toward green buildings have stimulated the use of glass mats in roofing and insulation applications. The European market is growing, with a significant push towards sustainability driving the glass mat sector. Glass mats are used extensively in wind energy applications, making them crucial in countries expanding their renewable energy capacities. The current focus on reducing the carbon footprint of constructions and enhancing energy efficiency is contributing to market growth. Middle East & Africa's market in these regions is growing due to urbanization and industrialization, particularly in GCC countries and South Africa. The use of glass mats in infrastructure, energy, and automotive sectors presents significant potential. Asia-Pacific glass mat market experienced rapid growth in its automotive and construction industries, backed by substantial government investments, which fuel the demand for glass mats. The commitment to environmental regulations and adopting energy-saving technologies also play a critical role in shaping the market landscape.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Glass Mat Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Expansion and growth in the construction and automotive industries
- Escalating deployment of renewable energy sources

Market Restraints
- Presence of alternative products and the complexity of recycling glass mat

Market Opportunities
- Advancements in glass mat production technologies
- Growing use of glass mat products in energy storage systems and sports equipment

Market Challenges
- Technical and performance issues associated with the glass mat

Market Segmentation Analysis
- Material Type: Significant benefits of s-glass mat in high-performance applications owing to its higher tensile strength
- Application: Growig usage of glass mats in industrial and chemical sector due to their chemical resistance and strength

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Glass Mat Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Glass Mat Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Clarios and Altris Partnership: Pioneering the Integration of Sodium-Ion Batteries with Traditional Auto Battery Systems

Clarios, a player in advanced low-voltage battery solutions, along with Altris, an innovator in sustainable sodium-ion (Na-ion) battery technology, announced a significant partnership dedicated to the development of sodium-ion batteries for the automotive industry. The initiative aims to integrate sodium-ion technology into the existing multi-battery configurations used in vehicles today, which typically include lithium-ion and absorbent glass mat (AGM) lead-acid batteries. [Published On: 2024-01-08]

IKO Announces USD 80 Million Investment in New Glass Mat Production Facility in South Carolina to Enhance U.S. Market Reach

IKO, a global player in roofing, waterproofing, and insulation products, is set to enhance its U.S. manufacturing footprint by establishing a new production facility in Chester County, South Carolina. The company plans to invest over $80 million into this project, which will focus on producing high-quality glass mats, an essential component in roofing materials. The strategic location was chosen for its logistical advantages, providing IKO with better access to major markets and improving its distribution capabilities. This expansion is a part of IKO's ongoing efforts to optimize customer service and expand its presence in the American market. [Published On: 2023-02-23]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Glass Mat Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Glass Mat Market, highlighting leading vendors and their innovative profiles. These include 3B-the fibreglass company, Changzhou Tianma Group Co., Ltd, China Beihai Fiberglass Co.,Ltd., Compagnie de Saint-Gobain S.A., Drywall Barn, INC., Gun Roving Incorporation, IKO Industries Ltd., Johns Manville Corporation, KCC Corporation, Knauf Group, Mada Gypsum Company, Newtex Industries, Inc., Nippon Electric Glass Co., Ltd., Nitto Boseki Co., Ltd., Owens Corning, Ruby Mica Co. Ltd., Tremco Incorporated, USG Corporation, Valmiera Glass Group, and Sisecam.

Market Segmentation & Coverage

This research report categorizes the Glass Mat Market to forecast the revenues and analyze trends in each of the following sub-markets:

Material Type
- E-Glass Mat
- ECR-Glass Mat
- S-Glass Mat

Product Type
- Chopped Strand Mat
- Continuous Filament Mat

Application
- Automotive
- Construction & Infrastructure
- Industrial & Chemical
- Marine
- Sports & Leisure

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-CB04E05660A5

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Expansion and growth in the construction and automotive industries
  - 5.1.1.2. Escalating deployment of renewable energy sources
- 5.1.2. Restraints
  - 5.1.2.1. Presence of alternative products and the complexity of recycling glass mat
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in glass mat production technologies
  - 5.1.3.2. Growing use of glass mat products in energy storage systems and sports equipment
- 5.1.4. Challenges
  - 5.1.4.1. Technical and performance issues associated with the glass mat
5.2. Market Segmentation Analysis
- 5.2.1. Material Type: Significant benefits of s-glass mat in high-performance applications owing to its higher tensile strength
- 5.2.2. Application: Growig usage of glass mats in industrial and chemical sector due to their chemical resistance and strength
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Glass Mat Market, by Material Type

6.1. Introduction
6.2. E-Glass Mat
6.3. ECR-Glass Mat
6.4. S-Glass Mat

7. Glass Mat Market, by Product Type

7.1. Introduction
7.2. Chopped Strand Mat
7.3. Continuous Filament Mat

8. Glass Mat Market, by Application

8.1. Introduction
8.2. Automotive
8.3. Construction & Infrastructure
8.4. Industrial & Chemical
8.5. Marine
8.6. Sports & Leisure

9. Americas Glass Mat Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Glass Mat Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Glass Mat Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Clarios and Altris Partnership: Pioneering the Integration of Sodium-Ion Batteries with Traditional Auto Battery Systems
- 12.3.2. IKO Announces USD 80 Million Investment in New Glass Mat Production Facility in South Carolina to Enhance U.S. Market Reach
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio