According to the recent study the global glass mat thermoplastic market is projected to reach an estimated $759 million by 2030 from $623 million by 2023 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 107 figures/charts
and 68 tables in this 205-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).
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.
Download sample by clicking on
glass mat
thermoplastic market.
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. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
Explore Our Latest
Publications
Below 20Mm Neoprene Sponge Cord Market
No comments:
Post a Comment