According to TechSci Research report, “Glass Mat Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Glass Mat Market stood at USD 1.24 billion in 2022 and is anticipated to grow with a CAGR of 7.28% in the forecast period, 2023-2028. The initiatives taken by the government based on Glass Mat have led to favorable market conditions for the Global Glass Mat Market. Several factors contribute to the growth of various Glass Mat products.
Governments worldwide are implementing and enforcing stricter carbon emission regulations as part of their efforts to combat climate change. These regulations aim to reduce the environmental impact of various industries, including the automotive sector. As a result, there has been a significant increase in the demand for absorbent glass mat (AGM) batteries, which are widely used in start-stop systems that help minimize vehicle emissions.In North America, specifically in the United States, the government has taken a proactive approach to promote the growth of the electric vehicle industry. Through various incentives, subsidies, and infrastructure development initiatives, the U.S. government has created a favorable environment for the adoption of electric vehicles. This push towards electrification has not only increased the number of electric vehicles on the road but has also led to a surge in demand for AGM batteries. AGM batteries are highly sought after in the electric vehicle market due to their superior performance, durability, and ability to meet the power requirements of these vehicles.The combination of stricter carbon emission regulations and government support for electric vehicles has created a significant opportunity for the AGM battery industry to thrive and contribute to a greener and more sustainable future.
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Glass mats provide exceptional durability and strength, making them highly suitable for the demanding and harsh marine environment. With the ability to withstand the corrosive effects of saltwater and resist impact damage, these glass mats prove to be an invaluable choice for boat hulls and other marine structures, ensuring long-lasting performance and protection.In addition to their remarkable durability, glass mats offer another advantage in the form of their lightweight nature. This characteristic not only aids in improving fuel efficiency but also plays a significant role in increasing the speed of marine vehicles. This quality becomes particularly vital in the competitive world of marine racing, where even the slightest reduction in weight can make a substantial difference in performance. By utilizing glass mats, marine racing enthusiasts can optimize their vessels for optimal speed and agility, giving them a competitive edge on the water.The Global Glass Mat Market is segmented into type, application, end user, regional distribution, and companyBased on its end user, the Construction & Infrastructure segment held the largest share in the market. The increasing demand for lightweight composite materials in the construction sector is expected to drive substantial revenue growth for the construction and infrastructure segment in the coming years. Specifically, chopped strand mats and continuous roving made of glass fibers are commonly utilized as reinforcement for concrete and cement structures. The versatile applications of Glass Fiber Reinforced Concrete (GFRC) in various areas such as water and drainage systems, acoustic barriers, and screens, as well as bridge and tunnel lining panels, are projected to provide sustained revenue growth for this segment. With its exceptional strength, durability, and design flexibility, GFRC continues to be a preferred choice in construction projects, contributing to the overall development and progress of the construction and infrastructure industry.Based on region, the Asia Pacific segment is expected to grow during the forecast period. The region is rapidly emerging as a significant worldwide composites center, driven by a variety of factors. Firstly, there is a growing demand for composite materials, which are known for their lightweight and high-strength properties. Additionally, the increasing emphasis on emission control regulations has led to the adoption of environmentally beneficial goods, including composites. Looking toward the future, the regional industry is poised for high growth, innovation, and industry consolidation. This presents a promising outlook for the composites market in the area. One specific segment that is experiencing notable expansion is the market for glass mats. This can be attributed to the substitution of conventional materials like steel and aluminum with glass mat, which offers superior mechanical and physical capabilities.Furthermore, the application of glass mats is expected to find lucrative opportunities in various sectors, including construction & infrastructure, automotive & transportation, and industrial applications. These sectors, known for their extensive use of composite materials, are anticipated to drive the demand and growth of the glass mat market in the region.Major companies operating in the Global Glass Mat Market are:
- Owens CorningBinani Industries LtdSaint-Gobain ADFORSTAIWAN GLASS IND. CORPNippon Electric Glass Co. Ltd.China Beihai Fiberglass Co. Ltd.Jiangsu Changhai Composite Materials Co. Ltd.John Manville Corp.KROSGLASS SASisecam Dis Ticaret AS
- Product Overview 1.1. Market Definition1.2. Scope of the Market1.2.1. Markets Covered1.2.2. Years Considered for Study1.2.3. Key Market Segmentations
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Customers can also request for 10% free customization on this report “Growing application of Glass Mat in various end-user industries are key drivers of the Glass Mat market. Growth in the competitive landscape and presence of well-established companies in the market who are dedicated to enhancing their productivity of Glass Mat with every passing year is anticipated to register an impressive growth in the Global Glass Mat Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.“Glass Mat Market By Type (Chopped Strand Mat, Continuous Filament Mat), By Application (Drywall Tape & Accessories, Flooring Enforcement, Wall Reinforcement, Roofing & Waterproofing, Insulation), By End User (Construction & Infrastructure, Automotive, Industrial & Chemical, Marine, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Glass Mat Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Glass Mat Market.You may also read:Polyetherimide Market Insights- Strategies for Success in a Competitive Landscape [2028]Super Abrasives Market Report- Understanding Market Size, Share, and Growth Factors [2028]Waterborne Coatings Market Trends- Navigating the Path to Sustainable and Effective SolutionsCan Coatings Market – Unveiling Growth Trends & Analysis [2028]Packaging Foams Market Insights- Strategies for Success in a Competitive LandscapeTable of Content-Glass Mat Market- Research Methodology
2.1. Objective of the Study2.2. Baseline Methodology2.3. Key Industry Partners2.4. Major Association and Secondary Sources2.5. Forecasting Methodology2.6. Data Triangulation & Validation2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market3.2. Overview of Key Market Segmentations3.3. Overview of Key Market Players3.4. Overview of Key Regions/Countries3.5. Overview of Market Drivers, Challenges, Trends
- Global Glass Mat Market Outlook
4.1. Market Size & Forecast4.1.1. By Value4.2. Market Share & Forecast4.2.1. By Type (Chopped Strand Mat, Continuous Filament Mat)4.2.2. By Application (Drywall Tape & Accessories, Flooring Enforcement, Wall Reinforcement, Roofing & Waterproofing, Insulation)4.2.3. By End User (Construction & Infrastructure, Automotive, Industrial & Chemical, Marine, Others)4.2.4. By Region4.2.5. By Company (2022)4.3. Market Map4.3.1. By Type4.3.2. By Application4.3.3. By End User4.3.4. By Region
- Asia Pacific Glass Mat Market Outlook
5.1. Market Size & Forecast5.1.1. By Value5.2. Market Share & Forecast5.2.1. By Type5.2.2. By Application5.2.3. By End User5.2.4. By Country5.3. Asia Pacific: Country Analysis5.3.1. China Glass Mat Market Outlook5.3.1.1. Market Size & Forecast5.3.1.1.1. By Value5.3.1.2. Market Share & Forecast5.3.1.2.1. By Type5.3.1.2.2. By Application5.3.1.2.3. By End User5.3.2. India Glass Mat Market Outlook5.3.2.1. Market Size & Forecast5.3.2.1.1. By Value5.3.2.2. Market Share & Forecast5.3.2.2.1. By Type5.3.2.2.2. By Application5.3.2.2.3. By End User5.3.3. Australia Glass Mat Market Outlook5.3.3.1. Market Size & Forecast5.3.3.1.1. By Value5.3.3.2. Market Share & Forecast5.3.3.2.1. By Type5.3.3.2.2. By Application5.3.3.2.3. By End User5.3.4. Japan Glass Mat Market Outlook5.3.4.1. Market Size & Forecast5.3.4.1.1. By Value5.3.4.2. Market Share & Forecast5.3.4.2.1. By Type5.3.4.2.2. By Application5.3.4.2.3. By End User5.3.5. South Korea Glass Mat Market Outlook5.3.5.1. Market Size & Forecast5.3.5.1.1. By Value5.3.5.2. Market Share & Forecast5.3.5.2.1. By Type5.3.5.2.2. By Application5.3.5.2.3. By End User
- Europe Glass Mat Market Outlook
6.1. Market Size & Forecast6.1.1. By Value6.2. Market Share & Forecast6.2.1. By Type6.2.2. By Application6.2.3. By End User6.2.4. By Country