Global Glass Mat
Market Report
2024
The global Glass Mat market size will be USD 1.90 billion in 2024. The Glass Mat market will show the strongest growth with a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. This growth can be attributed to growing demand in the automotive industry.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Glass Mat market size will be USD 1.90 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Glass Mat Market Sales Revenue 2024 | $ 1.9 Billion |
Global Glass Mat Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.6% |
Market Split by Type |
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Market Split by Binder Type |
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Market Split by Manufacturing Process |
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Market Split by End Use Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Glass Mat Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Glass Mat market is experiencing significant growth, driven by its critical role in reinforcing composite materials across various industries. Glass mats, composed of randomly oriented glass fibers bonded together, are essential for enhancing the strength, durability, and structural integrity of products. They are widely utilized in the construction, automotive, aerospace, and marine sectors for applications such as roofing, flooring, insulation, and composite manufacturing. Glass mats offer superior mechanical properties, resistance to moisture and chemicals, and ease of handling, making them ideal for diverse applications. However, the market faces challenges like fluctuating raw material costs and environmental concerns related to fiber production and disposal. Despite these hurdles, advancements in manufacturing technologies and increasing demand for lightweight, high-performance materials are propelling market growth. As industries continue to prioritize sustainability and efficiency, the Glass Mat market is poised to expand, driven by innovation and the need for robust, reliable reinforcement solutions.
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In February 2023, China Jushi Co., Ltd. invested approximately $820 million to build three glass fiber production lines in stages, including two lines, each having an annual output of 100,000 tons and 1 line outputting 200,000 tons annually. The new lines will be fully powered by green energy produced by an additional wind power plant. This expansion is expected to increase the demand for glass mat products, leading to market growth.
(Source: https://www.jushi.com/en/news/news1-789.html)
Top Companies Market Share in Glass Mat Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to its advanced manufacturing infrastructure, high demand from key industries like automotive and construction, and strong focus on research and development. Additionally, stringent building regulations and the growing adoption of sustainable materials further boost the region's market leadership.
Asia-Pacific stands out as the fastest-growing region in the Glass Mat market due to rapid industrialization, infrastructure development, and booming automotive and construction sectors. The region's increasing investments in manufacturing and rising demand for high-performance, lightweight materials drive the expansion of the Glass Mat market in Asia Pacific.
The current report Scope analyzes Glass Mat Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Glass Mat Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Glass Mat Industry growth. Glass Mat market has been segmented with the help of its Type, Binder Type Manufacturing Process, and others. Glass Mat market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, chopped-strand glass mat is the dominant category due to its versatility and cost-effectiveness. These glass fibers, cut into short lengths, are uniformly distributed and bonded, providing excellent mechanical properties such as high tensile strength and impact resistance. Chopped strand mats are widely used in applications requiring complex shapes and superior reinforcement, such as automotive components, boat hulls, and construction materials. Their ease of handling and compatibility with various resins make them a preferred choice in composite manufacturing. The ability to enhance product performance while maintaining affordability drives the dominance of chopped-strand glass mats in the market. .
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Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Glass Mat Market.
Some of the key Binder Type of Glass Mat are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.
Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Glass Mat Market is witnessing significant growth in the near future.
In 2023, the Chopped Strand Glass Mat segment accounted for noticeable share of global Glass Mat Market and is projected to experience significant growth in the near future.
The Powder Bonded Glass Mat segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies AGY Holding Corp. , China Beihai Fiberglass Co. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Chopped Strand Glass Mat, Continuous Filament Glass Mat |
Binder Type | Powder Bonded Glass Mat, Emulsion Bonded Glass Mat |
Manufacturing Process | Wet-Laid, Dry-Laid, Others |
End Use Industry | Construction & Infrastructure, Industrial Applications, Automotive & Transportation, Marine, Sports & Leisure Goods, Others |
List of Competitors | AGY Holding Corp., Binani Industries Limited, China Beihai Fiberglass Co., Ltd, China Jushi Co., Ltd, Chongqing Polycomp International Corporation, Jiangsu Changhai Composite Materials Co., Ltd, Johns Manville Corp., Nippon Electric Glass Co., Ltd, Owens Corning, PFG Fiber Glass Co. Ltd, Saint-Gobain S.A., Superior Huntingdon Composite Co., LLC, Taishan Fiberglass Inc., Taiwan Glass Ind Corp |
This chapter will help you gain GLOBAL Market Analysis of Glass Mat. Further deep in this chapter, you will be able to review Global Glass Mat Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Binder Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Manufacturing Process Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by End Use Industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Glass Mat market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Chopped Strand Glass Mat have a significant impact on Glass Mat market? |
What are the key factors affecting the Chopped Strand Glass Mat and Continuous Filament Glass Mat of Glass Mat Market? |
What is the CAGR/Growth Rate of Powder Bonded Glass Mat during the forecast period? |
By type, which segment accounted for largest share of the global Glass Mat Market? |
Which region is expected to dominate the global Glass Mat Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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