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By 2030, the global glass mat market is expected to be worth more than $2.79 billion, with an annual growth rate (CAGR) of 8.1% between 2022 and 2030. The global market for glass mats is being driven by the widespread adoption of these products in rapidly developing sectors such as building and infrastructure, manufacturing, automotive, and transportation. Glass mat can be produced to the desired thickness at a lower cost than other composite forms and with minimal effort on the part of the user.
Glass mats are non-woven fabrics made from massively produced fibreglass fibres that are normally equally scattered and held together by organic additives. They may spin yarns that are naturally resistant to high temperatures and robust in general. The building industry, the maritime industry, the sports and recreation industry, and many others all make extensive use of them. Strong strand integrity, enhanced wettability, and reduced cost are all benefits of chopped strand mats, which are fabricated from randomly oriented glass fibres. Saturated absorbent glass mat, as opposed to liquid or gelled electrolyte, is used in absorption-type lead-acid batteries. Glass mats shield the ultrathin lead plates from damage, and their flexibility allows for more glass mat and lead to be packed into a given battery. The battery's power is increased, it lasts longer than regular flood batteries, it's non-hazardous, and it's easy to transport because of the glass mats. As a result, glass mats are in more demand in the automobile sector, which should boost the market going forward.
Forecasting revenue growth and analysing trends in each sector, this study breaks down the worldwide glass mat market into its component parts based on market size, application, and geography. The study examines the major opportunities, threats, and development drivers in the glass mat market. The competitive landscape has been drawn taking into account the most up-to-date market changes and strategic moves, such as expansion, product launch and development, collaboration, merger, and acquisition. In each subsegment of the glass mat market, the study identifies the top companies and provides profiles and evaluations of their core strengths.
Influential Elements
As a result of its low weight and increased resilience to chemicals and corrosion compared to steel, glass mat is in high demand in the automobile industry. Doors, front and rear bumpers, and other automotive components are only some of the various uses for fibreglass. Market growth is further aided by the fact that glass strings infused with rubber are utilised as a strengthening factor in the production of timing belts and v-belts. Wind turbine blades made from glass composite materials are another factor driving expansion in the wind power industry. Rotor blades are constructed with glass fibre mat due to its ability to decrease fatigue and weight without compromising stiffness. Glass mat applications in various sectors are expected to promote market growth. For example, when soaked with resins and wood epoxy, glass fibre increases blade performance and spins more efficiently.
Limiting Circumstances
The near mould technique facilitates less wastage of raw materials, higher quality finished products, higher production rates, and less time spent on polishing and finishing. The technology aids producers in cutting down on emissions, as curing takes place within the mould. This method also helps reduce the cost of tools because it requires less labour. Producing high-quality goods with less waste is made possible by close moulding techniques. Many businesses therefore employ these techniques to fabricate composite and prepreg materials.
Chopped strand mat and continuous filament mat are the two main subsets of the glass mat market worldwide. Chopped strand mat is anticipated to be the most lucrative subsegment of the glass mat market worldwide during the coming years. Chopped strand mat has several uses in different end-use sectors, which has contributed to its popularity and expansion. Chopped strand mat can easily take on intricate forms after being soaked with polyester or vinyl ester resins. In addition to being the most budget-friendly type of fibreglass, chopped strand mat is also widely manufactured in a wide range of sizes to accommodate a wide range of applications. Over the anticipated time period, these are also important contributors to the segment's revenue growth. The worldwide glass mat market is segmented into the emulsion and powder segments based on the binder type. Among these, the emulsion sector of the global glass mat market is projected to expand at the greatest CAGR during the forecast period. This increase can be attributed to emulsion bonded glass mat's superiority over powder bonded glass mat in terms of its processing friendliness, surface bonding efficiency, and simplicity of handling. The benefits of emulsion-bonded mat include minimal resin usage, enhanced composite component appearance, quick air removal, effective surface bonding, and high strand integrity.
The global glass mat market is segmented by application, with several subsegments for building and infrastructure, manufacturing, transportation, automotive, shipping, recreational, and other uses. The worldwide glass mat market is divided into several different application areas, but the building and infrastructure sector is predicted to expand at the highest rate over the forecast period. Lightweight composite materials are becoming increasingly desirable in the building industry, which has contributed to the market expansion. Reinforcing materials in concrete and cement often consist of glass fibres, especially chopped stand mats and continuous roving. Glass Fibre Reinforced Concrete (GFRC) is expected to fuel revenue growth in the category due to its widespread application in a variety of end-use applications, including but not limited to building rehabilitation, water and drainage systems, acoustic barriers and screens, and bridge and tunnel lining panels.
Report Coverage
Global Glass Mat research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Glass Mat report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Glass Mat competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Glass Mat market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Glass Mat market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Glass Mat market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Owens Corning, Braj Binani Group., ADFORS, TAIWAN GLASS IND. CORP, Nippon Electric Glass Co.,Ltd., China Beihai Fiberglass Co. Ltd., Jiangsu Changhai Composite Materials Co., Ltd., John Manville, KROSGLASS SA, Sisecam Group, Hitech Fibre Glass Mattings (P) Ltd., Jiangsu Jiuding New Materials Co., Ltd., Schott AG, Taiwan Glass Ind. Corp., Nippon Sheet Glass Co., Ltd, Armortex, Total Security Solutions (TSS), Apogee Enterprises, Inc., Binswanger Glass, Nitto Boseki Co., Ltd and RUBY MICA CO. LTD.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Glass Mat market based on the below-mentioned segments:
Global Glass Mat Market, By Type
Chopped Strand Mat
Continuous Filament Mat
Global Glass Mat market, By Manufacturing Process
Dry-Laid
Wet-Laid
Global Glass Mat Market, By End User
Construction and Infrastructure
Industrial Applications
Automotive and Transportation
Marine
Sports and Leisure Goods
Others
Global Glass Mat market, Regional Analysis
Glass mats are non-woven fabrics made from massively produced fibreglass fibres that are normally equally scattered and held together by organic additives. They may spin yarns that are naturally resistant to high temperatures and robust in general. The building industry, the maritime industry, the sports and recreation industry, and many others all make extensive use of them. Strong strand integrity, enhanced wettability, and reduced cost are all benefits of chopped strand mats, which are fabricated from randomly oriented glass fibres. Saturated absorbent glass mat, as opposed to liquid or gelled electrolyte, is used in absorption-type lead-acid batteries. Glass mats shield the ultrathin lead plates from damage, and their flexibility allows for more glass mat and lead to be packed into a given battery. The battery's power is increased, it lasts longer than regular flood batteries, it's non-hazardous, and it's easy to transport because of the glass mats. As a result, glass mats are in more demand in the automobile sector, which should boost the market going forward.
Forecasting revenue growth and analysing trends in each sector, this study breaks down the worldwide glass mat market into its component parts based on market size, application, and geography. The study examines the major opportunities, threats, and development drivers in the glass mat market. The competitive landscape has been drawn taking into account the most up-to-date market changes and strategic moves, such as expansion, product launch and development, collaboration, merger, and acquisition. In each subsegment of the glass mat market, the study identifies the top companies and provides profiles and evaluations of their core strengths.
Influential Elements
As a result of its low weight and increased resilience to chemicals and corrosion compared to steel, glass mat is in high demand in the automobile industry. Doors, front and rear bumpers, and other automotive components are only some of the various uses for fibreglass. Market growth is further aided by the fact that glass strings infused with rubber are utilised as a strengthening factor in the production of timing belts and v-belts. Wind turbine blades made from glass composite materials are another factor driving expansion in the wind power industry. Rotor blades are constructed with glass fibre mat due to its ability to decrease fatigue and weight without compromising stiffness. Glass mat applications in various sectors are expected to promote market growth. For example, when soaked with resins and wood epoxy, glass fibre increases blade performance and spins more efficiently.
Limiting Circumstances
The near mould technique facilitates less wastage of raw materials, higher quality finished products, higher production rates, and less time spent on polishing and finishing. The technology aids producers in cutting down on emissions, as curing takes place within the mould. This method also helps reduce the cost of tools because it requires less labour. Producing high-quality goods with less waste is made possible by close moulding techniques. Many businesses therefore employ these techniques to fabricate composite and prepreg materials.
Chopped strand mat and continuous filament mat are the two main subsets of the glass mat market worldwide. Chopped strand mat is anticipated to be the most lucrative subsegment of the glass mat market worldwide during the coming years. Chopped strand mat has several uses in different end-use sectors, which has contributed to its popularity and expansion. Chopped strand mat can easily take on intricate forms after being soaked with polyester or vinyl ester resins. In addition to being the most budget-friendly type of fibreglass, chopped strand mat is also widely manufactured in a wide range of sizes to accommodate a wide range of applications. Over the anticipated time period, these are also important contributors to the segment's revenue growth. The worldwide glass mat market is segmented into the emulsion and powder segments based on the binder type. Among these, the emulsion sector of the global glass mat market is projected to expand at the greatest CAGR during the forecast period. This increase can be attributed to emulsion bonded glass mat's superiority over powder bonded glass mat in terms of its processing friendliness, surface bonding efficiency, and simplicity of handling. The benefits of emulsion-bonded mat include minimal resin usage, enhanced composite component appearance, quick air removal, effective surface bonding, and high strand integrity.
The global glass mat market is segmented by application, with several subsegments for building and infrastructure, manufacturing, transportation, automotive, shipping, recreational, and other uses. The worldwide glass mat market is divided into several different application areas, but the building and infrastructure sector is predicted to expand at the highest rate over the forecast period. Lightweight composite materials are becoming increasingly desirable in the building industry, which has contributed to the market expansion. Reinforcing materials in concrete and cement often consist of glass fibres, especially chopped stand mats and continuous roving. Glass Fibre Reinforced Concrete (GFRC) is expected to fuel revenue growth in the category due to its widespread application in a variety of end-use applications, including but not limited to building rehabilitation, water and drainage systems, acoustic barriers and screens, and bridge and tunnel lining panels.
Report Coverage
Global Glass Mat research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Glass Mat report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Glass Mat competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Glass Mat market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Owens Corning, Braj Binani Group., ADFORS, TAIWAN GLASS IND. CORP, Nippon Electric Glass Co.,Ltd., China Beihai Fiberglass Co. Ltd., Jiangsu Changhai Composite Materials Co., Ltd., John Manville, KROSGLASS SA, Sisecam Group, Hitech Fibre Glass Mattings (P) Ltd., Jiangsu Jiuding New Materials Co., Ltd., Schott AG, Taiwan Glass Ind. Corp., Nippon Sheet Glass Co., Ltd, Armortex, Total Security Solutions (TSS), Apogee Enterprises, Inc., Binswanger Glass, Nitto Boseki Co., Ltd and RUBY MICA CO. LTD. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Glass Mat Market from 2021 to 2030.
- Market Forecast for Glass Mat Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Glass Mat competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Glass Mat
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Glass Mat market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Glass Mat market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Owens Corning, Braj Binani Group., ADFORS, TAIWAN GLASS IND. CORP, Nippon Electric Glass Co.,Ltd., China Beihai Fiberglass Co. Ltd., Jiangsu Changhai Composite Materials Co., Ltd., John Manville, KROSGLASS SA, Sisecam Group, Hitech Fibre Glass Mattings (P) Ltd., Jiangsu Jiuding New Materials Co., Ltd., Schott AG, Taiwan Glass Ind. Corp., Nippon Sheet Glass Co., Ltd, Armortex, Total Security Solutions (TSS), Apogee Enterprises, Inc., Binswanger Glass, Nitto Boseki Co., Ltd and RUBY MICA CO. LTD.
Primary Target Market
- Market Players of Glass Mat
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Glass Mat market based on the below-mentioned segments:
Global Glass Mat Market, By Type
Chopped Strand Mat
Continuous Filament Mat
Global Glass Mat market, By Manufacturing Process
Dry-Laid
Wet-Laid
Global Glass Mat Market, By End User
Construction and Infrastructure
Industrial Applications
Automotive and Transportation
Marine
Sports and Leisure Goods
Others
Global Glass Mat market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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