Glass Mat Market Size, Share & Trends Analysis Report By Mat Type (Chopped Strand, Continuous Filament), By End Use (Construction, Automotive, Marine), By Region, And Segment Forecasts, 2024 - 2030

Glass Mat Market Size, Share & Trends Analysis Report By Mat Type (Chopped Strand, Continuous Filament), By End Use (Construction, Automotive, Marine), By Region, And Segment Forecasts, 2024 - 2030

Glass Mat Market Size & Trends

The global glass mat market size was estimated at USD 1.25 billion in 2023 and is expected to grow at a CAGR of 7.5% from 2024 to 2030. This growth is attributed to the increasing demand for the product in various end use industries such as transportation, construction, and industrial over the years. Glass mats possess various characteristics such as ease of use, builds thickness in no time, and inexpensive as compared to other composites. Such factors are driving end use industries to incline towards glass mat in place of other composites. In addition, market is witnessing increased demand for lightweight components comprising of solidity and high quality, this is further expected to fuel market growth.

One of the drivers for glass mat market is rising utilization of glass composites in chemical and construction sector on account of its properties including flexibility, corrosion & heat resistance, and lightweight. Furthermore, product helps in preventing leakage of material when incorporated into binders and last longer as compared to its substitutes. In addition to this, glass mats are extensively being used in production of roofing, waterproofing, and flooring due to their mold & water resistance and superior mechanical strength.

Product is highly used in automotive and aerospace industry; however, many automotive and aerospace manufacturers are in search of alternative material that possess same bending and tensile strength. This has propelled use of carbon fiber, thereby restricting market growth over the years. In addition to this, industries which are price sensitive may restrict the use of glass mats owing to its high cost. This is further expected to act as a restraint in market growth.

Moreover, glass mats offer required durability, performance, and strength which is necessary for wind turbine blades at harsh environment conditions. Therefore, increasing investment in renewable energy sources such as wind energy by government of various countries is expected to drive demand for glass mats for the production of wind turbine blades and several other components.

Global Glass Mat Market Segmentation

This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global glass mat market on the basis of mat type, end use, and region:

• Mat Type Outlook (Revenue, USD Million, 2018 - 2030)
• Chopped Strand
• Continuous Filament
• End Use Outlook (Revenue, USD Million, 2018 - 2030)
• Construction
• Automotive
• Industrial
• Marine
• Other End Use
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• Japan
• India
• South Korea
• Central & South America
• Brazil
• Argentina
• Middle East & Africa

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