Lucintel’s Analysis of the Global Glass Mat Thermoplastics Industry: Market is Expected to Reach US $481 Million in 2017

Oct 22 2012

The global market for glass mat thermoplastic (GMT) composites has been growing slowly during the past five years and is expected to further gain momentum, reaching approximately US $481 million by 2017 with a CAGR of 5.5% over the next five years. Automotive will be the predominant market segment for GMT materials over the next five years. Growth is expected in flat-panel applications such as interior headliners, exterior panels, and underbody systems. Lucintel, a leading global Management Consulting and market research firm, has analyzed the global glass mat thermoplastics market and presents its findings in “Global Glass Mat Thermoplastics Market 2012-2017: Trend, Forecast, and Opportunity Analysis.” Lucintel’s research indicates that the industry is growing at rates that can be attributed to several factors, including the continuing demand for lighter weight materials to replace metals (especially steel) in automotive applications to increase fuel efficiency. Other factors include the use of recyclable materials in the automotive sector, particularly in Europe, continued technology improvements in fabrication techniques, material formulations, product design to take advantage of GMT’s unique properties, and the opening up of new non-automotive applications in the construction market and others. In addition, competitors can position themselves as the supplier of choice after working with their customers to satisfy new applications. Research by Lucintel indicates the market is expected to grow in profitability in the coming years due to rising demand for GMT. Based on the fundamentals of the industry and the competitive environment, the analysis reveals that the past trends are expected to continue in the near future. The report, which provides trend scenarios and forecast statistics for 2011–2017, details industry drivers and challenges, compares properties and prices, highlights major GMT suppliers, and describes various properties, manufacturing processes, and more. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critica decisions with greater speed, insight, and cost efficiency. Lucintel now offers free Live Chat on its website to answer visitors' questions in real time with precision. Visitors can directly chat with our experts through Live Chat to receive assistance and information regarding Lucintel’s product and service offerings.

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