The global glass fibre mat market is estimated to grow at a moderate CAGR during the forecast period. Glass fibre mats are made of a material that contains multiple extremely fine glass fibres. Glass fibre mats have mechanical qualities that are similar to polymer and carbon fibres. It is not as rigid as carbon fibre, but it is less brittle and less expensive to use in composites. Glass fibre mats are preferred in the automotive and aerospace industries for interiors because they provide superior aesthetics and are lighter than metal elements. Glass fibre mats provide better handling properties, are more efficient at surface bonding, are easier to remove air from, and use less resin.
Glass fibre mats are used in a variety of industries, such as automotive, aerospace, construction, and infrastructure. The glass fibre mats market is predicted to increase significantly over the forecast period, owing to rising demand from the automotive and aerospace industries. Glass fibre mats are utilised in furniture and fittings, wall panels, pipes, and other building and construction applications. The construction & infrastructure category is likely to drive the market during the forecast period, owing to increased construction activity. The increasing demand for glass fibre mats from various end-use industries is likely to boost the expansion of the global glass fibre mats market.
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The Covid-19 pandemic caused damage to the composites industry’s whole value chain. Core materials, for instance, a distinct category of composites, increased at a healthy rate during the pandemic, whereas carbon fibre, a specialist fibre category, saw a massive drop in demand. Glass fibre, the most popular fibre type, has experienced a lower fall than other fibres, thanks to strong growth in the Chinese market after Q2 2020.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segments Covered
- By Type
- By Binder type
- By End-User
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the world
- Competitive Landscape: Owens Corning, Jushi Group Co. Ltd, AGY Holding Corp, Lanxess AG, Saint- Gobin S.A among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from pre-COVID forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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A full Report of Global Glass Fiber Mat Market is Available at: https://www.omrglobal.com/report-customization/glass-fiber-mat-market
Global Glass fibre Mat Market by Segments
By Type
- Chopped Strand Mat
- Continuous Filament Mat
By Binder Type
- Emulsion Bonded Glass Mat
- Powder Bonded Glass Mat
By End-User,
- Automotive
- Aerospace
- Construction & Infrastructure
- Industrial & Chemical
- Marine
- Sports equipment
- Others (Electronics, consumer goods, etc.)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
