According to the recent study the glass mat thermoplastic market is projected to reach an estimated $759 million by 2030 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by the increasing use of glass mat thermoplastic in automotive and construction applications, increasing use for lightweight materials, recyclability, and ease of processing of GMT.
Browse 50 figures/charts
and 48 tables in this 130-page report to understand trends, opportunities and
forecast in 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).
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glass mat thermoplastic market.
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.
Mitsubishi Chemical
Advanced Materials, Hanwha Advanced Materials, JFE Chemical Corporation are the
major supplier in the glass mat thermoplastic market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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