Glass Mat Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Glass is an amorphous and a non-crystalline solid. It is generally transparent with varied practical, technological and decorative applications in window panes, tableware, utensils, and optoelectronics. A glass mat also referred to as glass veil is a non-woven material, consisting of randomly sized fiberglass. These fiber glasses are aligned in the vertical direction, allowing the electrolyte to permeate through the glass matt, thereby permitting the escape of hydrogen gas. The fibers are disturbed uniformly and bonded together by some organic additives. The mat forming process gives rise to a robust, stable, and heat resistant fabric. The customers can easily specify weight, stiffness, porosity and other physical characteristics of glass mat and then purchase it. Glass mats prevents active materials from shedding from the positive plates and are most suitable for long life required batteries especially in heavy-duty applications such as automobiles.

MARKET DYNAMICS

The use of glass mat in the manufacture of wind energy blades due to its cost-effectiveness and high performance, drives the large scale growth of the glass mat market. Moreover, increasing demand for lightweight products in the automotive and transportation industry also fuels the growth of the market. However, automation in different sectors is replacing the glass mats with glass fabrics and roving. This is one of the significant reason restricting the development of the glass mat market. Composite material penetration in emerging economies and incrementing demand for glass mats are factors anticipated to bolster the growth of the glass mat market in the years to come.

MARKET SCOPE

The "Global Glass Mat Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the glass mat market with detailed market segmentation by mat type, binder type, end use industry and geography. The global glass mat is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading resin capsules players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global glass mat is segmented on the basis of mat type, binder type, end use industry and geography. On the basis of mat type the market classify into chopped strand and continuous filament. The market on the basis of binder type is broken into emulsion bonded and powder bonded. As per end use industry the market is bifurcated into construction & infrastructure, automotive & transportation, industrial & chemical, marine and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The glass mat by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the glass mat from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glass mat in these regions.

MARKET PLAYERS

The reports cover key developments in the glass mat as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from glass mat are anticipated to lucrative growth opportunities in the future with the rising demand for resin capsules in the global market. Below mentioned is the list of few companies engaged in the glass mat.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glass mat. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Binani Industries Limited
• China Beihai Fiberglass Co., Ltd
• Chongqing Polycomp International Corporation
• Jiangsu Changhai Composite Materials Co., Ltd.
• Jushi Group Co. Ltd.
• Owens Corning
• Saint-Gobain S.A.
• Superior Huntingdon Composites Co., LLC
• Taiwan Glass Ind Corp.
• Texas Fiberglass

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Glass Mat Report Scope