Glass Mat Market is Forecast to Reach US$ 1.7 Billion in 2026, Says Stratview Research
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Report Highlights
Segment Insights on the Glass Mat Market
Glass Mat Market is segmented based on product type, application type, binder type, and region.
Based on Product Type- The glass mat market is segmented into chopped strand mats and continuous filament mats. Chopped strand mat is estimated to account for the major share of the marketduring the forecast period due to increased usage in marine, recreational, industrial, transportation, and construction applications. Chopped strand mats are preferred in the open mold process, whereas continuous filament mats are preferred in the closed molding process.
Based on Application Type- The market is segmented as transportation, marine, E&E, building and construction, pipe and tank, and others. Building and construction is estimated to maintain its dominance in the market over the next five years. There has been an incessant increase in the penetration of composite materials in the construction industry, driven by their inherent advantages including corrosion resistance, high specific strength, excellent aesthetic properties, and excellent abrasion resistance. Transportation, Marine, Pipe, and tank are also likely to create sizeable opportunities in the years to come.
Based on Binder Type- The market is segmented as emulsion, powder, and others. Emulsion is estimated to maintain its dominance in the market over the next five years. Emulsion binders are highly preferred in the chopped strand mats for a multitude of parts including automotive parts, boat hulls, and decks, chemical pipes and tanks, and swimming pools. Emulsion binders offer excellent impregnation properties, excellent conformability, better handling properties, ease of processing, good mechanical properties, and better surface bonding efficiency against powder-bonded glass mats.
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Which Region Offers the Best Opportunity and Growth?
The report suggests that Asia Pacific is expected to remain the largest market for glass mat during the forecast period.
This growth is majorly attributed to the following –
North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Glass Mat Market Drivers
Some of the key drivers listed in the report are given below.
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Top 10 Companies in the Glass Mat Market?
Stratview Research has identified the following companies as the top market players.
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