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Glass Mat Thermoplastic Market Trends and Forecast

The future of the global glass mat thermoplastic market looks promising with opportunities in transportation, and construction applications. The global glass mat thermoplastic market is expected to reach an estimated $946.9 million by 2028 with a CAGR of 4.6% from 2022 to 2028. The major growth drivers for this market are the increasing use of glass mat thermoplastic in automotive and construction applications, increasing use for lightweight materials, , recyclability, and ease of processing of GMT.
Glass Mat Thermoplastic Market by Material Type and Application

 

Emerging Trends in the Glass Mat Thermoplastic Market

Emerging trends, which have a direct impact on the dynamics of the glass mat thermoplastic industry, includes trend of switching from traditional GMT to lightweight reinforced thermoplastic, expanding with the new matrices, and improvement in existing products and development of new applications.
A total of 50 figures / charts and 48 tables are provided in this 130-page report to help in your business decisions. A sample figure with insights is shown below.
Glass Mat Thermoplastic Market by Segments

Glass Mat Thermoplastic Market by Segment

The study includes a forecast for the global glass mat thermoplastic market by application, material type, and region as follows:

Global Glass Mat Thermoplastic Market by Application [Volume (Million Pounds) and Value ($M) shipment analysis for 2017 – 2028]:

  • Transportation
    • Bumper Beam
    • Underbody System
    • Seating Structure
    • Interior Headlines
    • Load Floor/Parcel Shelf
    • Instrument Panel
    • Hatchback Door Carrier
    • Spare Wheel Well
    • Others Automotive
  • Construction
    • Others

Global Glass Mat Thermoplastic Market by Material Type [Volume (Million Pounds) and Value ($M) shipment analysis for 2017 – 2028]:

  • Traditional GMT
  • Advance GMT

Global Glass Mat Thermoplastic Market by Region [Volume (Million Pounds) and Value ($M) shipment analysis for 2017 – 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Glass Mat Thermoplastic Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies glass mat thermoplastic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the glass mat thermoplastic companies profiled in this report include.

Glass Mat Thermoplastic Market Insight

  • Lucintel forecasts that transportation will remain the largest application by value and volume due to increasing government mandates for higher fuel economy, recyclability, and ease of processing are the major driving forces that spur growth for GMT.
  • Traditional GMT is expected to remain the largest market by value and volume, mainly driven by its various mechanical properties like lower mass, recyclability, high productivity, and low tooling cost.
  • Asia Pacific (APAC) expected to remain the largest market and it is also expected to witness the highest growth over the forecast period due to the anticipated growth in the end user industries and increasing focus on lightweight thermoplastic composites

Features of Glass Mat Thermoplastic Market

  • Market Size Estimates: Glass Mat Thermoplastic market size estimation in terms of value ($M) and volume (M lbs)
  • Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Market size by application, material type, and region
  • Regional Analysis: Glass Mat Thermoplastic market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different application, material type, and region for the glass mat thermoplastic   market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the glass mat thermoplastic   market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the glass mat thermoplastic market size?
Answer: The global glass mat thermoplastic market is expected to reach an estimated $946.9 million by 2028.  
Q2. What is the growth forecast for glass mat thermoplastic market?
Answer: The glass mat thermoplastic market is expected to grow at a CAGR of 4.6% from 2022 to 2028.           
Q3. What are the major drivers influencing the growth of the glass mat thermoplastic market?
Answer: The major growth drivers for this market are the increasing use of glass mat thermoplastic in automotive and construction applications such as bumper beams, underbody shields, sports, and leisure (hockey sticks, boat paddles, and horse saddles.           
Q4. What are the major applications or end use industries for glass mat thermoplastic?
Answer: Transportation and Construction are the major applications for glass mat thermoplastic. 
Q5. What are the emerging trends in glass mat thermoplastic market?
Answer: Emerging trends, which have a direct impact on the dynamics of the glass mat thermoplastic industry, includes trend of switching from traditional GMT to lightweight reinforced thermoplastic, expanding with the new matrices, and improvement in existing products and development of new applications.
Q6. Who are the key glass mat thermoplastic companies?
Answer: Some of the key glass mat thermoplastic companies are as follows:
  • Quadrant AG/ Mitsubishi Chemical
  • Hanwha Advanced Materials
  • JFE Chemical Corporation
Q7.Which glass mat thermoplastic material segment will be the largest in future?
Answer: Lucintel forecasts that traditional GMT is expected to remain the largest market by value and volume, mainly driven by its various mechanical properties like lower mass, recyclability, high productivity, and low tooling cost.
Q8: In glass mat thermoplastic market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region and witness the highest growth over next 5 years.           
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the global glass mat thermoplastic market by application (transportation, construction, and others), material type (traditional GMT and advance GMT), and region (North America, Europe, and Asia Pacific & Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to glass mat thermoplastic market or related to glass mat thermoplastic market share, glass mat thermoplastic market analysis, glass mat thermoplastic market size, glass mat thermoplastic manufacturers, and glass mat thermoplastic applications, write to Lucintel analysts at helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. Global Glass Mat Thermoplastic Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Industry Classification
2.1.1: Global Glass Mat Thermoplastic Market by Application
2.1.2: Global Glass Mat Thermoplastic Market by Reinforcement
2.1.3: Global Glass Mat Thermoplastic Market by Matrix 
2.3: GMT Materials and manufacturing process
2.4: Supply Chain
2.5: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends and Forecasts
3.2: Global Glass Mat Thermoplastic Market Analysis
3.3: Global Glass Mat Thermoplastic Market by Material Type
3.3.1: Traditional GMT 
3.3.2: Advanced GMT 
3.4: Global Glass Mat Thermoplastic Market by Application Type
3.4.1: Transportation
3.4.1.1: Transportation Market by End Use
3.4.2: Construction
3.4.3: Others

4. Market Trends and Forecast Analysis by Region
4.1: Global Glass Mat Thermoplastic Market by Region
4.2: North American Glass Mat Thermoplastic Market
4.3: Europe Glass Mat Thermoplastic Market
4.4: APAC Glass Mat Thermoplastic Market
4.5: ROW Glass Mat Thermoplastic Market

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Glass Mat Thermoplastic Market by Region
6.1.2: Growth Opportunities for the Global Glass Mat Thermoplastic Market by Type Material
6.1.3: Growth Opportunities for the Global Glass Mat Thermoplastic Market by Automotive Application
6.2: Emerging Trends in the Global Glass Mat Thermoplastic Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers and Acquisitions

7. Company Profiles of Leading Players
7.1: Quadrant AG/ Mitsubishi Chemical
7.2: Hanwha Advanced Materials
7.3: JFE Chemical Corporation 
.

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[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Glass Mat Thermoplastic Market: Trends, Opportunities and Competitive Analysis [2023-2028] Full Report $ 4,850
50 valuable figures/charts and 48 tables are provided in this roughly 130 pages report.
Chapter - 1: Executive Summary 4 $ 435
1. Executive Summary 
Chapter - 2: Global HVAC Insulation Market Dynamics 31 $ 218
2. Industry Background and Classifications 
Chapter - 3: Market Trends and Forecast Analysis, 2010-2021 224 $ 1,740
3. Market Trends and Forecast Analysis 
3.1 Global GMT Market Analysis 2015 
3.1.1 Global GMT Market by Type of Material
3.1.2 Global GMT Market by Application 
3.1.3 Global GMT Market by Automotive
3.1.5 North American GMT Market
3.1.6 North American GMT Market by Type of Material 
3.1.7 North American GMT Market by Application 
3.1.8 North American GMT Market by Automotive Application 
3.1.9 European GMT Market Analysis 
3.1.10 European GMT Market by Type of Material 
3.1.11 European GMT Market by Application 
3.1.12 European GMT Market by Automotive Application 
3.1.13 APAC (including the ROW) GMT Market Analysis 
©Lucintel Growth Opportunities for Global Glass Mat Thermoplastic Market 
3.1.14 APAC (including the ROW) GMT Market by Type of Material 
3.1.15 APAC (including the ROW) GMT Market by Application
3.1.16 APAC and the ROW GMT Market by Automotive Application
3.2 Global Market Trends from 2010 to 2015
3.2.1 Macroeconomic Trends 
3.2.2 Trends of the Global GMT Market by Type of Material 
3.2.3 Trends of the Global GMT Market by Application 
3.2.3 Trends of the Global GMT Market by Automotive Application 
3.2.4 Trends of the Global GMT Market by Region 
3.2.5 Trends of the North American GMT Market from 2010 to 2015
3.2.6 Trends of the North American GMT Market by Type of Material
3.2.7 Trends of the North American GMT Market by Application 
3.2.8 Trends of the North American GMT Market by Automotive Application 
3.2.9 Trends of the European GMT Market from 2010 to 2015
3.2.10 Trends of the European GMT Market by Type of Material
3.2.11 Trends of the European GMT Market by Application 
3.2.12 Trends of the European GMT Market by Automotive Application
3.2.13 Trends of the APAC (including the ROW) GMT Market from 2010 to 2015
3.2.14 Trends of the APAC (including the ROW) GMT Market by Type of Material 
3.2.15 Trends of the APAC (including the ROW) GMT Market by Application 
3.2.16 Trends of the APAC (including the ROW) GMT Market by Automotive Application
3.2.17 Industry Drivers and Challenges 
3.3 Market Forecast 2016-2021 
3.3.1 Macroeconomic Forecasts 
3.3.2 Forecast for the Global GMT Market 
3.3.3 Forecast for the Global GMT Market by Type of Material
3.3.4 Forecast for the Global GMT Market by Application 
3.3.5 Forecast for the Global GMT Market by Automotive Application 
3.3.6 Forecast for the Global GMT Market by Region 
3.3.7 Forecast for the North American GMT Market from 2016 to 2021
3.3.8 Forecast for the North American GMT Market by Type of Material 
3.3.9 Forecast for the North American GMT Market by Application 
3.3.10 Forecast for the North American GMT Market by Automotive Application
3.3.11 Forecast for the European GMT Market from 2016 to 2021
3.3.12 Forecast for the European GMT Market by Type of Material 
3.3.13 Forecast for the European GMT Market by Application 
3.3.14 Forecast for the European GMT Market by Automotive Application
3.3.15 Forecast for the APAC (including the ROW) GMT Market from 2016 to 2021
3.3.16 Forecast for the APAC (including the ROW) GMT Market by Type of Material 
3.3.17 Forecast for the APAC (including the ROW) GMT Market by Application 
3.3.18 Forecast for the APAC (including the ROW) GMT Market by Automotive Application 
Chapter - 4: Regional Analysis, 2010-2021 11 $ 2,248
4. Competitor Analysis
4.1 Product Portfolio Analysis
4.2 Market Share Analysis
4.3 Geographical Reach
4.4 Operational Integration
4.5 Porter’s Five Forces Analysis
Chapter - 5: Growth Opportunity and Strategic Analysis 14 $ 725
5. Growth Opportunity and Strategic Analysis 
5.1 Growth Opportunity Analysis 
5.1.1 Growth Opportunities for the GMT Market by Region 
5.1.2 Growth Opportunities for the Global GMT Market by Type of Material
5.1.3 Growth Opportunities for the Global GMT Market by Application 
5.1.4 Growth Opportunities for the Global GMT Market by Automotive Application
5.2 Innovations in the Global GMT Market 
5.3 Emerging Trends in the Global GMT Market 
5.4 Strategic Analysis
5.4.1 Capacity Expansion in GMT Industry 
5.4.2 Certification and Licensing 
5.4.3 Mergers and Acquisitions in the Global Glass Mat Thermoplastic Market 
Chapter - 6: Company Profiles of Leading Players 5 $ 508
6. Company Profiles of Leading Players
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.