According to a market report by Lucintel, the future of the global glass mat thermoplastic market looks promising with opportunities in the transportation and construction applications. The global glass mat thermoplastic market is expected to reach an estimated $828 million by 2031 with a CAGR of 4% from 2024 to 2031 The major drivers for this market are the increasing use of glass mat thermoplastic in transportation and construction applications, increasing use for lightweight materials, recyclability, and ease of processing of GMT.
A more
than 150-page report to understand trends, opportunity and forecast in global glass
mat thermoplastic market to 2031 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 & ROW 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 Group, Hanwha Advanced Materials, and JFE Chemical Corporation are the
major suppliers 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
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