Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 1.24 billion

CAGR (2023-2028)

7.28%

Fastest Growing Segment

Chopped Strand Mat

Largest Market

Asia Pacific

 

Market Overview

Global Glass Mat Market has valued at USD 1.24 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.28% through 2028. A glass mat is a non-woven substance made of massively formed fiberglass, which is typically evenly dispersed and bound together by organic additives. These mats possess exceptional properties, including heat resistance and high strength. As a result, they find wide-ranging applications in various industries such as construction, infrastructure, marine, sports, and leisure.

The glass mat market is expected to experience significant growth in the forecast period, primarily driven by the growing demand for lightweight products in the automotive and transportation industry. Additionally, the increasing production of wind turbine blades, with their ability to reduce weight and provide an aesthetically pleasing appearance compared to metal alternatives, is further propelling market growth.

Moreover, the extensive use of glass mats in construction, infrastructure, and industrial applications is anticipated to drive market expansion in the forecast period. However, the availability of high-performance alternatives and the growth of cold mold applications pose challenges to the glass mat market. Additionally, the market may face obstacles due to high prices.

Furthermore, the glass mat market is expected to benefit from the rapidly increasing demand in the industrial and chemical sectors, particularly in developing regions. These regions present ample opportunities for market growth during the forecast period.

Key Market Drivers

Growing Demand of Glass Mat in Construction Industry

Glass mats are sheets or panels made from glass fibers bonded together with a binder. These glass fibers, typically made from silica, are known for their exceptional strength and durability. The binder used in the manufacturing process helps to hold the fibers together, creating a solid and robust material.

One of the remarkable properties of glass mats is their high resistance to moisture, fire, and mold. This makes them an ideal choice for various applications in the construction industry where protection against these elements is crucial. Whether it's for roofing, wallboard, insulation, or flooring, glass mats provide a reliable and long-lasting solution.

The construction industry, being one of the largest consumers of glass mats, has recognized the versatility and superior properties of this material. It has found its way into numerous architectural designs and structures, enabling complex and innovative constructions. The strength and flexibility of glass mats make them suitable for even the most demanding and intricate designs.

One of the key drivers of the growing demand for glass mat is the increasing emphasis on sustainable and energy-efficient construction practices. Glass mats offer excellent thermal and acoustic insulation, which can significantly reduce energy consumption in buildings. As a result, they are being increasingly used in green building projects, contributing to a more sustainable future.

Looking ahead, the demand for glass mat in the construction industry is expected to continue its upward trajectory. With the construction sector embracing sustainable practices and pushing the boundaries of architectural designs, the use of glass mats is likely to expand further. Moreover, urbanization and infrastructure development, particularly in emerging economies, will fuel the market for glass mat.

In conclusion, the growing demand for glass mat in the construction industry is a key driver of the global glass mat market. With its unique properties, such as high strength, durability, and resistance to moisture, fire, and mold, glass mat has become an indispensable material in the construction industry. It promises continued growth and innovation, meeting the evolving needs of the construction sector.


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Growing Demand of Glass Mat in Automotive Industry

The automotive industry has become a significant consumer of glass mats due to its numerous benefits. As the industry strives to enhance fuel efficiency and reduce greenhouse gas emissions, the demand for lightweight materials has increased, making glass mats increasingly popular. These mats are now widely used in various automobile components, including headliners, underbody shields, floor modules, battery covers, and more.

One of the key advantages of glass mats is their excellent thermal insulation properties. By regulating the internal temperature of vehicles, they contribute to improved overall performance. Moreover, their high strength and flexibility make them suitable for complex designs and structures, further adding to their attractiveness for automotive manufacturers.

Looking ahead, the demand for glass mats in the automotive industry is expected to continue rising. As the industry continues to innovate and evolve, the need for lightweight, durable, and versatile materials like glass mats will only grow. Additionally, with the increasing popularity of electric vehicles, there will be a greater requirement for materials offering good thermal insulation and fire resistance, further driving the demand for glass mats.

In conclusion, the increasing demand for glass mats in the automotive industry serves as a key driver for the global glass mat market. With its unique properties and wide range of applications, glass mat is poised to play an increasingly vital role in the automotive industry, promising continued growth and innovation in the market. Its contribution to fuel efficiency, reduction in emissions, and improved vehicle performance makes it an indispensable material for the future of automotive manufacturing.

Key Market Challenges

Volatility in Prices of Raw Materials

The production of glass mats involves a combination of glass fibers and resins, carefully selected for their specific properties and performance characteristics. These raw materials, sourced from different regions and suppliers, are subject to price fluctuations due to changes in global commodity markets, supply chain disruptions, and other external factors. This inherent volatility in raw material prices poses a significant challenge for manufacturers, affecting their cost structures and profit margins.

Manufacturers of glass mats face the constant task of managing and mitigating the impact of these price fluctuations. When raw material prices surge, it directly translates into increased production costs. This, in turn, can lead manufacturers to consider passing on these additional costs to consumers in the form of higher prices. However, this approach can potentially dampen the demand for glass mats, especially in cost-sensitive applications where affordability is a key consideration.

Moreover, the dynamic nature of raw material prices creates an uncertain business environment for manufacturers. The unpredictability makes it difficult to plan and make strategic decisions. Manufacturers need to carefully analyze market trends, anticipate price changes, and explore alternative sourcing options to ensure a stable supply chain and maintain profitability.

In this challenging landscape, price volatility also fuels increased competition among manufacturers. As they strive to reduce costs and maintain profitability, they are driven to optimize production processes, explore innovative materials, and seek out strategic partnerships. These measures enable manufacturers to stay agile and responsive to market dynamics, while ensuring the consistent quality and performance of their glass mat products.

To navigate the complexities of price volatility in raw materials, manufacturers must adopt a comprehensive approach that encompasses risk management, supply chain optimization, and continuous innovation. By doing so, they can mitigate the impact of price fluctuations, enhance their competitive position, and sustain long-term success in the glass mat market.

Key Market Trends

Innovations in Binder Technology

In the context of glass mats, binders play a critical role by holding the glass fibers together, giving the mat its desired form and structure. The type of binder used not only affects the mat's properties, such as its strength, flexibility, and resistance to heat and moisture, but also influences its overall performance.

Traditionally, binders used in glass mats were predominantly based on formaldehyde resins. However, due to growing environmental concerns and regulatory pressures, the industry has been actively seeking alternatives. This pursuit of sustainable solutions has spurred remarkable innovations in binder technology, with manufacturers developing new types of binders that not only meet environmental requirements but also enhance the performance of the glass mat.

The impact of these innovations in binder technology on the glass mat market cannot be understated. The advent of new binders has empowered the production of glass mats that are significantly stronger, more durable, and highly resistant to heat and moisture. As a result, the range of applications for glass mats has expanded, particularly in demanding environments such as construction and automotive industries.

Furthermore, the shift towards environmentally friendly binders aligns perfectly with the increasing emphasis on sustainability in various industries, including construction and automotive sectors. This alignment is expected to drive the demand for glass mats, thereby contributing to the overall growth of the market.

Looking ahead, the relentless pursuit of innovation in binder technology is expected to continue propelling the glass mat market forward. As the demand for high-performance and sustainable materials continues to surge, the need for advanced binders will only intensify. This trend is set to stimulate further ingenuity within the industry, leading to the development of new types of glass mats with even superior performance and enhanced environmental profiles.

In conclusion, the ongoing innovations in binder technology are not only a key trend shaping the global glass mat market, but they also serve as a catalyst for its growth. By enabling the production of higher performance and more sustainable glass mats, this trend is poised to play a pivotal role in shaping the future of the industry.

Segmental Insights

Type Insights

Based on the category of type, the Chopped Strand Mat segment emerged as the dominant player in the global market for Glass Mat in 2022. The wide application of chopped strand mat across various end-use industries can be attributed to its versatility and ease of use. When impregnated with polyester or vinyl ester resins, chopped strand mat effortlessly conforms to complex shapes, making it an ideal choice for intricate projects. Additionally, it is the most cost-effective fiberglass option, making it highly sought after in the market. With extensive production capabilities and a wide range of dimensions available, chopped strand mat can be tailored to meet specific requirements. These factors, along with others, are expected to contribute significantly to the revenue growth of this segment over the forecast period.

End User Insights

The Construction & Infrastructure segment is projected to experience rapid growth during the forecast period. This growing demand for lightweight composite materials in the construction industry can be attributed to several factors. Glass fibers, such as chopped strand mats and continuous roving, are commonly utilized as reinforcement for concrete and cement. One of the key applications of glass fiber reinforced concrete (GFRC) is in building renovation, where it is used for various purposes including water and drainage systems, acoustic barriers and screens, and bridge and tunnel lining panels. The utilization of GFRC in these applications not only enhances structural integrity but also offers durability and long-term performance. As a result, the revenue growth of the glass fiber reinforced concrete segment is expected to be further fueled in the coming years.


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Regional Insights

Asia Pacific emerged as the dominant player in the Global Glass Mat Market in 2022, holding the largest market share in terms of value. The significant growth in production and consumption of glass mat, coupled with the strong presence of key companies in the region, can be attributed to the rapid expansion of the building and construction sector. This growth is a direct result of fast-paced industrialization and urbanization, which has created a surge in demand for glass mat in the construction and building industry. This trend is expected to continue driving the revenue growth of the market in the region, as the need for high-quality building materials and infrastructure development remains a top priority.

Recent Developments

  • In May 2021, Gridtential Energy, Inc., a U.S.-based battery developer, announced securing a significant funding of USD 12 million. The purpose of this funding is to accelerate the development of its innovative Silicon Joule absorbent glass mat battery technology. This breakthrough product is expected to find great applicability in personal mobility vehicles, providing efficient and sustainable energy solutions. Furthermore, it also showcases promising potential as a reliable renewable energy storage option for both residential and commercial spaces, contributing towards a greener and more sustainable future.
  • In April 2021, CPIC, a renowned company in the fiberglass industry, made an exciting announcement. They have entered into a strategic partnership with Jushi Group, another leading manufacturer of fiberglass products in China. This collaboration aims to drive innovation and growth in the sector by jointly investing in a new state-of-the-art production line. This cutting-edge facility will focus on the manufacturing of high-end E-glass fiber products, catering to the ever-evolving demands of various industries.
  • Looking ahead to December 2022, China Jushi Co., Ltd., a leading global fiberglass maker, has unveiled its ambitious plans. The company is set to invest a staggering amount of CNY 5.7 billion (USD 812 million) in the construction of the world's first zero-carbon glass fiber plant. This groundbreaking venture will be located in the city of Huai'an, China. The proposed factory, with an impressive annual output capacity of 400,000 tons of glass fiber, will revolutionize the industry by setting new benchmarks in sustainability and environmental responsibility. This significant investment showcases China Jushi's unwavering commitment to advancing the field of fiberglass production while minimizing its carbon footprint.

Key Market Players

  • Owens Corning
  • Binani Industries Ltd
  • Saint-Gobain ADFORS
  • TAIWAN GLASS IND. CORP
  • Nippon Electric Glass Co. Ltd.
  • China Beihai Fiberglass Co. Ltd.
  • Jiangsu Changhai Composite Materials Co. Ltd.
  • John Manville Corp.
  • KROSGLASS SA
  • Sisecam Dis Ticaret AS

 By Type

By Application

By End User

By Region

  • Chopped Strand Mat
  • Continuous Filament Mat
  • Drywall Tape & Accessories
  • Flooring Enforcement
  • Wall Reinforcement
  • Roofing & Waterproofing
  • Insulation
  • Construction & Infrastructure
  • Automotive
  • Industrial & Chemical
  • Marine
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Glass Mat Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Glass Mat Market, By Type:

o   Chopped Strand Mat

o   Continuous Filament Mat

  • Glass Mat Market, By Application:

o   Drywall Tape & Accessories

o   Flooring Enforcement

o   Wall Reinforcement

o   Roofing & Waterproofing

o   Insulation

  • Glass Mat Market, By End User:

o   Construction & Infrastructure

o   Automotive

o   Industrial & Chemical

o   Marine

o   Others

  • Glass Mat Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Glass Mat Market.

Available Customizations:

Global Glass Mat Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Glass Mat Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Global Glass Mat Market Outlook

4.1.  Market Size & Forecast

4.1.1.     By Value

4.2.  Market Share & Forecast

4.2.1.     By Type (Chopped Strand Mat, Continuous Filament Mat)

4.2.2.     By Application (Drywall Tape & Accessories, Flooring Enforcement, Wall Reinforcement, Roofing & Waterproofing, Insulation)

4.2.3.     By End User (Construction & Infrastructure, Automotive, Industrial & Chemical, Marine, Others)

4.2.4.     By Region

4.2.5.     By Company (2022)

4.3.  Market Map

4.3.1.     By Type

4.3.2.     By Application

4.3.3.     By End User

4.3.4.     By Region

5.    Asia Pacific Glass Mat Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type

5.2.2.     By Application

5.2.3.     By End User

5.2.4.     By Country

5.3.  Asia Pacific: Country Analysis

5.3.1.     China Glass Mat Market Outlook

5.3.1.1.         Market Size & Forecast

5.3.1.1.1.             By Value

5.3.1.2.         Market Share & Forecast

5.3.1.2.1.             By Type

5.3.1.2.2.             By Application

5.3.1.2.3.             By End User

5.3.2.     India Glass Mat Market Outlook

5.3.2.1.         Market Size & Forecast

5.3.2.1.1.             By Value

5.3.2.2.         Market Share & Forecast

5.3.2.2.1.             By Type

5.3.2.2.2.             By Application

5.3.2.2.3.             By End User

5.3.3.     Australia Glass Mat Market Outlook

5.3.3.1.         Market Size & Forecast

5.3.3.1.1.             By Value

5.3.3.2.         Market Share & Forecast

5.3.3.2.1.             By Type

5.3.3.2.2.             By Application

5.3.3.2.3.             By End User

5.3.4.     Japan Glass Mat Market Outlook

5.3.4.1.         Market Size & Forecast

5.3.4.1.1.             By Value

5.3.4.2.         Market Share & Forecast

5.3.4.2.1.             By Type

5.3.4.2.2.             By Application

5.3.4.2.3.             By End User

5.3.5.     South Korea Glass Mat Market Outlook

5.3.5.1.         Market Size & Forecast

5.3.5.1.1.             By Value

5.3.5.2.         Market Share & Forecast

5.3.5.2.1.             By Type

5.3.5.2.2.             By Application

5.3.5.2.3.             By End User

6.    Europe Glass Mat Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type

6.2.2.     By Application

6.2.3.     By End User

6.2.4.     By Country

6.3.  Europe: Country Analysis

6.3.1.     France Glass Mat Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Type

6.3.1.2.2.             By Application

6.3.1.2.3.             By End User

6.3.2.     Germany Glass Mat Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Type

6.3.2.2.2.             By Application

6.3.2.2.3.             By End User

6.3.3.     Spain Glass Mat Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Type

6.3.3.2.2.             By Application

6.3.3.2.3.             By End User

6.3.4.     Italy Glass Mat Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Value

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.             By Type

6.3.4.2.2.             By Application

6.3.4.2.3.             By End User

6.3.5.     United Kingdom Glass Mat Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Value

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.             By Type

6.3.5.2.2.             By Application

6.3.5.2.3.             By End User

7.    North America Glass Mat Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Application

7.2.3.     By End User

7.2.4.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Glass Mat Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Application

7.3.1.2.3.             By End User

7.3.2.     Mexico Glass Mat Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Application

7.3.2.2.3.             By End User

7.3.3.     Canada Glass Mat Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Application

7.3.3.2.3.             By End User

8.    South America Glass Mat Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Application

8.2.3.     By End User

8.2.4.     By Country

8.3.  South America: Country Analysis

8.3.1.     Brazil Glass Mat Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Application

8.3.1.2.3.             By End User

8.3.2.     Argentina Glass Mat Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Application

8.3.2.2.3.             By End User

8.3.3.     Colombia Glass Mat Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Application

8.3.3.2.3.             By End User

9.    Middle East and Africa Glass Mat Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Application

9.2.3.     By End User

9.2.4.     By Country

9.3.  MEA: Country Analysis

9.3.1.     South Africa Glass Mat Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Application

9.3.1.2.3.             By End User

9.3.2.     Saudi Arabia Glass Mat Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Application

9.3.2.2.3.             By End User

9.3.3.     UAE Glass Mat Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Application

9.3.3.2.3.             By End User

9.3.4.     Egypt Glass Mat Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Type

9.3.4.2.2.             By Application

9.3.4.2.3.             By End User

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

11.1.              Recent Developments

11.2.              Product Launches

11.3.              Mergers & Acquisitions

12.  Global Glass Mat Market: SWOT Analysis

13.  Porter’s Five Forces Analysis

13.1.              Competition in the Industry

13.2.              Potential of New Entrants

13.3.              Power of Suppliers

13.4.              Power of Customers

13.5.              Threat of Substitute Product

14.  Competitive Landscape

14.1.        Owens Corning

14.1.1.          Business Overview

14.1.2.           Company Snapshot

14.1.3.           Products & Services

14.1.4.           Current Capacity Analysis

14.1.5.           Financials (In case of listed)

14.1.6.           Recent Developments

14.1.7.           SWOT Analysis

14.2.        Binani Industries Ltd

14.2.1.          Business Overview

14.2.2.           Company Snapshot

14.2.3.           Products & Services

14.2.4.           Current Capacity Analysis

14.2.5.           Financials (In case of listed)

14.2.6.           Recent Developments

14.2.7.           SWOT Analysis

14.3.        Saint-Gobain ADFORS

14.3.1.          Business Overview

14.3.2.           Company Snapshot

14.3.3.           Products & Services

14.3.4.           Current Capacity Analysis

14.3.5.           Financials (In case of listed)

14.3.6.           Recent Developments

14.3.7.           SWOT Analysis

14.4.      TAIWAN GLASS IND. CORP

14.4.1.          Business Overview

14.4.2.           Company Snapshot

14.4.3.           Products & Services

14.4.4.           Current Capacity Analysis

14.4.5.           Financials (In case of listed)

14.4.6.           Recent Developments

14.4.7.           SWOT Analysis

14.5.      Nippon Electric Glass Co. Ltd.

14.5.1.          Business Overview

14.5.2.           Company Snapshot

14.5.3.           Products & Services

14.5.4.           Current Capacity Analysis

14.5.5.           Financials (In case of listed)

14.5.6.           Recent Developments

14.5.7.           SWOT Analysis

14.6.      China Beihai Fiberglass Co. Ltd.

14.6.1.          Business Overview

14.6.2.           Company Snapshot

14.6.3.           Products & Services

14.6.4.           Current Capacity Analysis

14.6.5.           Financials (In case of listed)

14.6.6.           Recent Developments

14.6.7.           SWOT Analysis

14.7.      Jiangsu Changhai Composite Materials Co. Ltd.

14.7.1.          Business Overview

14.7.2.           Company Snapshot

14.7.3.           Products & Services

14.7.4.           Current Capacity Analysis

14.7.5.           Financials (In case of listed)

14.7.6.           Recent Developments

14.7.7.           SWOT Analysis

14.8.      John Manville Corp.

14.8.1.          Business Overview

14.8.2.           Company Snapshot

14.8.3.           Products & Services

14.8.4.           Current Capacity Analysis

14.8.5.           Financials (In case of listed)

14.8.6.           Recent Developments

14.8.7.           SWOT Analysis

14.9.      KROSGLASS SA

14.9.1.          Business Overview

14.9.2.           Company Snapshot

14.9.3.           Products & Services

14.9.4.           Current Capacity Analysis

14.9.5.           Financials (In case of listed)

14.9.6.           Recent Developments

14.9.7.           SWOT Analysis

14.10.    Sisecam Dis Ticaret AS

14.10.1.        Business Overview

14.10.2.        Company Snapshot

14.10.3.        Products & Services

14.10.4.        Current Capacity Analysis

14.10.5.        Financials (In case of listed)

14.10.6.        Recent Developments

14.10.7.        SWOT Analysis

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Glass Mat Market was estimated to be USD 1.24 billion in 2022.

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The Chopped Strand Mat segment demonstrated significant dominance in 2022. Chopped strand mats offer strong mechanical strength and impact resistance, making them ideal for durable applications.

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Asia Pacific dominated the market with a revenue share in 2022. The region’s dominance in the global market is driven by the strong growth of its building sector.

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Growing demand of Glass Mat in construction and automotive industries are the major drivers for the Global Glass Mat Market.

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Sakshi Bajaal

Business Consultant
Press Release

Glass Mat Market to Grow with a CAGR of 7.28% through 2028

Oct, 2023

Growing demand of glass mat in marine industry is expected to drive the Global Glass Mat Market growth in the forecast period, 2024-2028.