PUBLISHER: Lucintel | PRODUCT CODE: 1496937
PUBLISHER: Lucintel | PRODUCT CODE: 1496937
Glass Mat Thermoplastic Market Trends and Forecast
The future of the global glass mat thermoplastic market looks promising with opportunities in transportation and construction applications. The global glass mat thermoplastic market is expected to reach an estimated $759 million by 2030 with a CAGR of 3% from 2023 to 2030. The major growth drivers for this market are the increasing use of glass mat thermoplastic in automotive and construction applications, increasing use for lightweight materials, recyclability, and ease of processing of GMT.
Emerging Trends in the Glass Mat Thermoplastic Market
Emerging trends, which have a direct impact on the dynamics of the glass mat thermoplastic industry, includes trend of switching from traditional GMT to lightweight reinforced thermoplastic, expanding with the new matrices, and improvement in existing products and development of new applications.
A total of 50 figures / charts and 48 tables are provided in this 130-page report to help in your business decisions. A sample figure with insights is shown below.
Glass Mat Thermoplastic Market by Segment
The study includes a forecast for the global glass mat thermoplastic market by application, material type, and region as follows:
List of Glass Mat Thermoplastic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies glass mat thermoplastic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the glass mat thermoplastic companies profiled in this report include.
Glass Mat Thermoplastic Market Insight
Features of Glass Mat Thermoplastic Market
FAQ
Q1. What is the glass mat thermoplastic market size?
Answer: The global glass mat thermoplastic market is expected to reach an estimated $759 million by 2030.
Q2. What is the growth forecast for glass mat thermoplastic market?
Answer: The glass mat thermoplastic market is expected to grow at a CAGR of 3% from 2023 to 2030.
Q3. What are the major drivers influencing the growth of the glass mat thermoplastic market?
Answer: The major growth drivers for this market are the increasing use of glass mat thermoplastic in automotive and construction applications such as bumper beams, underbody shields, sports, and leisure (hockey sticks, boat paddles, and horse saddles.
Q4. What are the major applications or end use industries for glass mat thermoplastic?
Answer: Transportation and Construction are the major applications for glass mat thermoplastic.
Q5. What are the emerging trends in glass mat thermoplastic market?
Answer: Emerging trends, which have a direct impact on the dynamics of the glass mat thermoplastic industry, includes trend of switching from traditional GMT to lightweight reinforced thermoplastic, expanding with the new matrices, and improvement in existing products and development of new applications.
Q6. Who are the key glass mat thermoplastic companies?
Answer: Some of the key glass mat thermoplastic companies are as follows:
Q7.Which glass mat thermoplastic material segment will be the largest in future?
Answer: Lucintel forecasts that traditional GMT is expected to remain the largest market by value and volume, mainly driven by its various mechanical properties like lower mass, recyclability, high productivity, and low tooling cost.
Q8: In glass mat thermoplastic market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region and witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.