Lucintel Forecasts Glass Mat Thermoplastic Market to Reach $828 million by 2031
Lucintel Forecasts Glass Mat Thermoplastic Market to Reach $828 million by 2031
Blog Article
According to the recent study the glass mat thermoplastic market is projected to
reach an estimated $828 million by 2031 from $638.6 million by 2024, at a CAGR of
4.0% 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
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