Market Overview:
The global glass mat thermoplastic (GMT) resins market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for GMT resins from various end-use industries, such as automobiles, aerospace & defense, electrical & electronics, and consumer goods. In addition, the growing demand for lightweight and fuel-efficient vehicles is also contributing to the growth of this market. The polypropylene segment is expected to account for the largest share of the global GMT resin market in 2018.
 Resins Industry Outlook.svg)
Product Definition:
Glass Mat Thermoplastic (GMT) resins are a type of reinforced plastic that uses glass fibers as a reinforcing agent. GMT resins are used in a variety of applications, including automotive parts, electrical insulation, and construction materials. The use of GMT resins helps to improve the strength and durability of these products while also reducing weight.
Polypropylene:
Polypropylene (PP) is a widely used thermoplastic resin in the glass mat Thermoplastic resins market. It has high demand as an injection molding material and can be processed at low temperatures. Polypropylene is also known as PP, linear polymers or even better – LPR. Linear polymers are long chains of PP molecules linked by strong bonds; they have excellent chemical resistance, good mechanical strength and thermal stability.
Polyamide:
Polyamide (PA) is a widely used synthetic polymer in the manufacturing of glass mat thermoplastic resins. It is also used as an additive to GMT resins, which are further processed to manufacture automotive interiors and exterior panels such as hoods, deck lid flaps, side cladding panels among others. Polyamide has high demand in the automotive industry owing to its properties such as excellent chemical & temperature resistance along with superior impact strength and dimensional stability.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Automobiles are one of the most energy-efficient products, which has resulted in a significant rise in demand for GMT resins over recent years. The automotive industry uses lightweight materials to reduce fuel consumption and emissions, which has further propelled demand for glass mat thermoplastic resins (GMT resins) across this sector.
The aerospace & defense industry primarily requires high strength materials with excellent resistance to temperature changes, corrosion, impact damage as well as wear & tear. These properties have driven product demand from this sector over recent years. In addition, these resin products offer superior dimensional stability along with good processing characteristics when used under heat conditions during manufacturing of aircraft parts or military equipment components made from composites using these GMT resins as binders/adhesives or coatings/lubricants is also expected to drive their market growth over the next few years.
Regional Analysis:
North America dominated the global glass mat thermoplastic resins market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of major players such as Chevron Phillips Chemical Company; formosa Plastics Group; and BASF SE, which are engaged in extensive R&D activities for development of new products. The U.S.
Growth Factors:
- Increasing demand from end-use industries such as automotive and construction
- Growing popularity of GMT in Asia Pacific region
- Rising investment by key players in research and development activities
- Technological advancements that improve the performance of GMT resins
- Growing demand for lightweight and fuel-efficient vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Mat Thermoplastic (GMT) Resins Market Research Report
By Type
Polypropylene, Polyamide, Thermoplastic Polyester
By Application
Automobiles, Aerospace & Defense, Electrical & Electronics, Consumer Goods, Others
By Companies
Quadrant Plastics Composite, Du Pont, SABIC, JFE Chemicals Corporation, Royal Ten Cate NV, BASF SE, Cytec Industries, Royal DSM, Hanwha Advanced Materials
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 (GMT) Resins Market Report Segments:
The global Glass Mat Thermoplastic (GMT) Resins market is segmented on the basis of:
Types
Polypropylene, Polyamide, Thermoplastic Polyester
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
Automobiles, Aerospace & Defense, Electrical & Electronics, Consumer Goods, 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:
- Quadrant Plastics Composite
- Du Pont
- SABIC
- JFE Chemicals Corporation
- Royal Ten Cate NV
- BASF SE
- Cytec Industries
- Royal DSM
- Hanwha Advanced Materials
 Resins Market Overview.svg)
Highlights of The Glass Mat Thermoplastic (GMT) Resins 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
- Polyamide
- Thermoplastic Polyester
- By Application:
- Automobiles
- Aerospace & Defense
- Electrical & Electronics
- Consumer Goods
- 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 (GMT) Resins 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
 Resins Market Statistics.svg)
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 (GMT) resins are a type of thermoplastic resin that is made from a mixture of polypropylene and glass fibers. These resins are used to create products that have both thermal and electrical insulation properties. They are also often used in products that need to be resistant to water, oil, and other chemicals.
Some of the key players operating in the glass mat thermoplastic (gmt) resins market are Quadrant Plastics Composite, Du Pont, SABIC, JFE Chemicals Corporation, Royal Ten Cate NV, BASF SE, Cytec Industries, Royal DSM, Hanwha Advanced Materials.
The glass mat thermoplastic (gmt) resins 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 (GMT) Resins 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 (GMT) Resins 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 (GMT) Resins Market - Supply Chain
4.5. Global Glass Mat Thermoplastic (GMT) Resins Market Forecast
4.5.1. Glass Mat Thermoplastic (GMT) Resins Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Glass Mat Thermoplastic (GMT) Resins Market Size (000 Units) and Y-o-Y Growth
4.5.3. Glass Mat Thermoplastic (GMT) Resins Market Absolute $ Opportunity
5. Global Glass Mat Thermoplastic (GMT) Resins 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 (GMT) Resins Market Size and Volume Forecast by Type
5.3.1. Polypropylene
5.3.2. Polyamide
5.3.3. Thermoplastic Polyester
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Glass Mat Thermoplastic (GMT) Resins 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 (GMT) Resins Market Size and Volume Forecast by Application
6.3.1. Automobiles
6.3.2. Aerospace & Defense
6.3.3. Electrical & Electronics
6.3.4. Consumer Goods
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Glass Mat Thermoplastic (GMT) Resins 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 (GMT) Resins 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 (GMT) Resins 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 (GMT) Resins 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 (GMT) Resins Demand Share Forecast, 2019-2029
9. North America Glass Mat Thermoplastic (GMT) Resins 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 (GMT) Resins 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 (GMT) Resins Market Size and Volume Forecast by Application
9.4.1. Automobiles
9.4.2. Aerospace & Defense
9.4.3. Electrical & Electronics
9.4.4. Consumer Goods
9.4.5. 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 (GMT) Resins Market Size and Volume Forecast by Type
9.7.1. Polypropylene
9.7.2. Polyamide
9.7.3. Thermoplastic Polyester
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 (GMT) Resins Demand Share Forecast, 2019-2029
10. Latin America Glass Mat Thermoplastic (GMT) Resins 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 (GMT) Resins 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 (GMT) Resins Market Size and Volume Forecast by Application
10.4.1. Automobiles
10.4.2. Aerospace & Defense
10.4.3. Electrical & Electronics
10.4.4. Consumer Goods
10.4.5. 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 (GMT) Resins Market Size and Volume Forecast by Type
10.7.1. Polypropylene
10.7.2. Polyamide
10.7.3. Thermoplastic Polyester
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 (GMT) Resins Demand Share Forecast, 2019-2029
11. Europe Glass Mat Thermoplastic (GMT) Resins 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 (GMT) Resins 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 (GMT) Resins Market Size and Volume Forecast by Application
11.4.1. Automobiles
11.4.2. Aerospace & Defense
11.4.3. Electrical & Electronics
11.4.4. Consumer Goods
11.4.5. 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 (GMT) Resins Market Size and Volume Forecast by Type
11.7.1. Polypropylene
11.7.2. Polyamide
11.7.3. Thermoplastic Polyester
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 (GMT) Resins Demand Share, 2019-2029
12. Asia Pacific Glass Mat Thermoplastic (GMT) Resins 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 (GMT) Resins 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 (GMT) Resins Market Size and Volume Forecast by Application
12.4.1. Automobiles
12.4.2. Aerospace & Defense
12.4.3. Electrical & Electronics
12.4.4. Consumer Goods
12.4.5. 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 (GMT) Resins Market Size and Volume Forecast by Type
12.7.1. Polypropylene
12.7.2. Polyamide
12.7.3. Thermoplastic Polyester
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 (GMT) Resins Demand Share, 2019-2029
13. Middle East & Africa Glass Mat Thermoplastic (GMT) Resins 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 (GMT) Resins 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 (GMT) Resins Market Size and Volume Forecast by Application
13.4.1. Automobiles
13.4.2. Aerospace & Defense
13.4.3. Electrical & Electronics
13.4.4. Consumer Goods
13.4.5. 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 (GMT) Resins Market Size and Volume Forecast by Type
13.7.1. Polypropylene
13.7.2. Polyamide
13.7.3. Thermoplastic Polyester
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 (GMT) Resins Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Glass Mat Thermoplastic (GMT) Resins Market: Market Share Analysis
14.2. Glass Mat Thermoplastic (GMT) Resins Distributors and Customers
14.3. Glass Mat Thermoplastic (GMT) Resins Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Quadrant Plastics Composite
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Du Pont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SABIC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JFE Chemicals Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Royal Ten Cate NV
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BASF SE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cytec Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Royal DSM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hanwha Advanced Materials
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
