Glass Mat Thermoplastic Market Size, Share, Forecasts Analysis, Company Growth, Company Profiles and Key Regions 2018 - 2026

                                                                              
Glass mat thermoplastic is a moldable thermoplastic used mostly in the automotive sector to make a variety of components.

          Glass Mat Thermoplastic Market


Glass mat thermoplastic is a moldable thermoplastic used mostly in the automotive sector to make a variety of components. Because the glass strands have a longer residual length, glass mat thermoplastic has better mechanical properties than injection moulded reinforced thermoplastic. It is mostly used as a steel and aluminium replacement. They come in panel form, but they can also be employed as 3D structural components. Furthermore, they are a lightweight material with a low relative density, outstanding hardness and rigidity at low temperatures, and chemical and moisture resistance. These are long-lasting materials that are easy to recycle. The demand for glass mat thermoplastic material from the car and aeration sectors also contributes to market expansion.

The market has seen substantial growth as a result of an increase in the use of glass mat thermoplastic as a substitute for steel, aluminium, and plywood in various sectors. The spike in demand for glass mat thermoplastic material from the automotive, aerospace, and military industries is expected to drive significant growth rates in North America and Europe. The fluctuating prices of glass mat thermoplastic material, on the other hand, are expected to stifle demand and limit global glass mat thermoplastic market growth.

In comparison to other end-use industries, the automotive application category is likely to remain the largest. Furthermore, an increase in government measures to improve fuel economy, recycling processes, and processing ease are important elements that support market growth. Furthermore, the bumper beam is the most common automotive application, and it is predicted to continue to be the most common automotive application during the forecast period. Because of its lighter weight than classic glass mat thermoplastics, advanced glass mat thermoplastic is the most extensively utilised material, and it is likely to drive market growth.


Market Segmentation:

By Material
  • Traditional GMT
  • Advanced GMT

By Application
  • Automotive
  • Non-automotive

Some of the major companies operating in the global glass mat thermoplastic market include Cytec Solvay Group, BASF SE, Royal DSM, Quadrant Plastic Composites, and Hanwha Advanced Materials.

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