Market Overview:
The global glass mat thermoplastic composite market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for lightweight and durable materials in automotive, building and construction, marine, and other applications. In terms of type, the polypropylene (PP) GMT segment is expected to lead the global glass mat thermoplastic composite market during the forecast period. This can be attributed to PP GMT’s properties such as high strength-to-weight ratio, chemical resistance, thermal stability, and low cost. In terms of application, the automotive segment is expected to lead the global glass mat thermoplastic composite market during the forecast period.
Product Definition:
Glass mat thermoplastic composite (GMT) is a fiber-reinforced plastic made of chopped glass fibers and a thermoplastic resin. GMT is often used in place of traditional fiberglass, because it is more heat-resistant and less likely to shatter.
Polypropylene (PP) GMT:
Glass Mat Thermoplastic Composite (GTT) market is expected to grow at a significant rate over the forecast period. Increasing demand for thermoplastics in various end-use industries such as automotive, construction and electrical & electronics are expected to drive the global glass mat thermoplastic composite market growth over the forecast period.
The properties of GTT including high strength, stiffness, lightweight.
Polyamide (PA) GMT:
Glass Mat Thermoplastic Composite (GTT) market is expected to witness significant growth on account of increasing demand for lightweight materials in the automotive industry. GTT has a wide range of applications including engine components, transmission parts, and others. Polyamide (PA) is one such material that finds application in glass mat thermoplastic composite market owing to its properties such as high strength and stiffness at low weight.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to continue its dominance over the forecast period. Automotive parts, owing to their lightweight properties, offer better performance at a lower cost than conventional materials such as steel and aluminum. The automotive industry has been one of the major consumers of GMT because it offers benefits such as reduced weight & size compared to traditional materials while offering similar or even better performance capabilities.
Building and construction are expected to be among fastest-growing segments during the forecast period on account of increasing demand for glass mat thermoplastic composites in various building components including window frames, skylights, roofing systems & membranes along with flooring systems like insulation panels and acoustic solutions. These products are used for replacing heavy metal structures with lighter GMT counterparts which reduces overall building weight thereby reducing energy consumption during transportation resulting in higher efficiency across buildings worldwide.
Regional Analysis:
North America dominated the global glass mat thermoplastic composite market in 2016 and is expected to continue its dominance over the forecast period. The region is characterized by high demand for automobiles, building and construction materials, along with a robust manufacturing base for electrical and electronics products. Increasing use of these composites owing to their superior properties such as lightweight, ease of processing are likely to drive industry growth over the coming years.
The Asia Pacific regional market accounted for a revenue share of 23% in 2016 owing to rising product demand from end-use industries such as automotive, packaging, electrical & electronics across emerging economies including China and India.
Growth Factors:
- Increasing demand from the automotive industry for lightweight and fuel-efficient vehicles
- Growing demand for Glass Mat Thermoplastic Composite in construction and infrastructure projects
- Rising popularity of Glass Mat Thermoplastic Composite in electrical and electronics applications
- Increasing use of Glass Mat Thermoplastic Composite in wind energy sector
- Growing awareness about the benefits of Glass Mat Thermoplastic Composite among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Mat Thermoplastic Composite Market Research Report
By Type
Polypropylene (PP) GMT, Polyamide (PA) GMT, Others
By Application
Automotive, Building and Construction, Marine, Others
By Companies
Hanwha, Quadrant
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Glass Mat Thermoplastic Composite Market Report Segments:
The global Glass Mat Thermoplastic Composite market is segmented on the basis of:
Types
Polypropylene (PP) GMT, Polyamide (PA) GMT, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Building and Construction, Marine, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hanwha
- Quadrant
Highlights of The Glass Mat Thermoplastic Composite Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polypropylene (PP) GMT
- Polyamide (PA) GMT
- Others
- By Application:
- Automotive
- Building and Construction
- Marine
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Glass Mat Thermoplastic Composite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Glass Mat Thermoplastic Composite is a type of composite material that is made up of small pieces of thermoplastic resin and glass. The glass pieces are bonded together with heat and pressure, creating a strong and durable material that can be used in a variety of applications. Glass Mat Thermoplastic Composite is often used in products that need to be resistant to heat or impact, such as car windows or phone cases.
Some of the key players operating in the glass mat thermoplastic composite market are Hanwha, Quadrant.
The glass mat thermoplastic composite market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Glass Mat Thermoplastic Composite Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Glass Mat Thermoplastic Composite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Glass Mat Thermoplastic Composite Market - Supply Chain
4.5. Global Glass Mat Thermoplastic Composite Market Forecast
4.5.1. Glass Mat Thermoplastic Composite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Glass Mat Thermoplastic Composite Market Size (000 Units) and Y-o-Y Growth
4.5.3. Glass Mat Thermoplastic Composite Market Absolute $ Opportunity
5. Global Glass Mat Thermoplastic Composite Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Type
5.3.1. Polypropylene (PP) GMT
5.3.2. Polyamide (PA) GMT
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Glass Mat Thermoplastic Composite Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Building and Construction
6.3.3. Marine
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Glass Mat Thermoplastic Composite Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Glass Mat Thermoplastic Composite Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Glass Mat Thermoplastic Composite Demand Share Forecast, 2019-2026
9. North America Glass Mat Thermoplastic Composite Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Building and Construction
9.4.3. Marine
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Type
9.7.1. Polypropylene (PP) GMT
9.7.2. Polyamide (PA) GMT
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Glass Mat Thermoplastic Composite Demand Share Forecast, 2019-2026
10. Latin America Glass Mat Thermoplastic Composite Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Building and Construction
10.4.3. Marine
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Type
10.7.1. Polypropylene (PP) GMT
10.7.2. Polyamide (PA) GMT
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Glass Mat Thermoplastic Composite Demand Share Forecast, 2019-2026
11. Europe Glass Mat Thermoplastic Composite Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Building and Construction
11.4.3. Marine
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Type
11.7.1. Polypropylene (PP) GMT
11.7.2. Polyamide (PA) GMT
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Glass Mat Thermoplastic Composite Demand Share, 2019-2026
12. Asia Pacific Glass Mat Thermoplastic Composite Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Building and Construction
12.4.3. Marine
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Type
12.7.1. Polypropylene (PP) GMT
12.7.2. Polyamide (PA) GMT
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Glass Mat Thermoplastic Composite Demand Share, 2019-2026
13. Middle East & Africa Glass Mat Thermoplastic Composite Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Building and Construction
13.4.3. Marine
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Glass Mat Thermoplastic Composite Market Size and Volume Forecast by Type
13.7.1. Polypropylene (PP) GMT
13.7.2. Polyamide (PA) GMT
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Glass Mat Thermoplastic Composite Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Glass Mat Thermoplastic Composite Market: Market Share Analysis
14.2. Glass Mat Thermoplastic Composite Distributors and Customers
14.3. Glass Mat Thermoplastic Composite Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hanwha
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Quadrant
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. COMPANY3
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
