Glass Mat Thermoplastic Market Statistics, Trends, and Key Players by 2031

MARKET INTRODUCTION

Glass Mat thermoplastic is a thermoplastic that is easily moldable, and it is used to create multiple components in the automotive industry. It is a semi-finished product that is mostly in the panel form. It is used as a substitute for aluminum and steel. These materials are lightweight and process low relative density and become hard and rigid at relatively low temperatures and are chemical and moisture resistant. These materials are easily recyclable and are durable. They are available in the panel form as well as in the 3D structural component form.

MARKET DYNAMICS

The glass mat thermoplastic market is on the rise because of the rapid industrialization across the world. Due to its advantages like flexibility, corrosion resistance, impact resistance, and durability over the metal materials, it can be an alternative to metals such as steel and aluminum, thus driving the growth of the market. The increase in the demand by the government for higher fuel economy, recycling processes, and ease in processing is driving the glass mat thermoplastic market. The high cost that is involved with the glass mat thermoplastic material may restrict its demand and become of the restraint for the market.

MARKET SCOPE

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

MARKET SEGMENTATION

The Global Glass Mat Thermoplastic Market is segmented on the basis of raw material, product type and application. On the basis of raw material the market is segmented into Polypropylene (PP), Polyamide (PA), and Thermoplastic polyester (TPP). On the basis of product type the market is segmented into Traditional GMT and Advanced GMT. On the basis of application the market is segmented into Automobile and Transportation, Aerospace and Defense, Electrical and Electronics, Consumer Goods 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 glass mat thermoplastic 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 thermoplastic market 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 glass mat thermoplastic market 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 glass mat thermoplastic market in these regions.

MARKET PLAYERS

The reports cover key developments in the glass mat thermoplastic market 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 thermoplastic market are anticipated to lucrative growth opportunities in the future with the rising demand for glass mat thermoplastic in the global market. Below mentioned is the list of few companies engaged in the glass mat thermoplastic market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glass mat thermoplastic market. 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.

•   Mitsubishi Chemical Advanced Materials group of companies
  
•   BASF SE
  
•   DuPont
  
•   Cytec Industries
  
•   LANXESS
  
•   Toray Advanced Composites
  
•   JFE Chemical Corporation
  
•   SABIC
  
•   Celanese Corporation
  
•   Hanwha Group.
  

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 Thermoplastic Report Scope