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    Glass Mat Market | Covid-19 Impact Analysis

    Glass Mat Market | Covid-19 Impact Analysis

    Glass Mat Market | Covid-19 Impact Analysis
    Report code - SRAM290 Delivery - 2 Weeks
    Glass Mat Market Size, Share, Trend, Forecast, & Competitive Analysis.
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    Impact of COVID-19 on Glass Mat Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Glass Mat Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Glass Mat Market Insights

    Glass Mat Market is likely to witness an impressive CAGR of 5.2% during the forecast period. High demand from the construction & infrastructure industry and other emerging application industries such as industrial & chemical and automotive and the property of glass mat bearing the ability to reduce weight and impart better aesthetic looks than metal parts are the major factors expected to drive the global glass mat market during the forecast period.

    Glass Mat Market - Snapshot

    Growth

    5.2% for the next five years

    Major Mat Type

    Chopped strand mat

    Major Binder Type

    Emulsion-based glass mat

    Dominant End-Use Industry Type

    Construction & infrastructure

    Region with the highest demand

    Asia Pacific

    Key Players

    Binani Industries Limited, Central Glass Co., Ltd., China Beihai Fiberglass Co., Ltd., Chongqing Polycomp International Corporation, Eastern Industrial Company (EICO), Hangzhou Mingda Glass Fibre Co., Ltd., Jushi Group Co., Ltd., Jiangsu Jiuding New Material Co., Ltd., P-D Glasseiden GmbH, and Saint-Gobain S.A. 

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    Market Share Analysis

    Glass Mat Market Share: By Mat Type

    Based on the mat type, the market is segmented as chopped strand mat and continuous filament mat. Chopped strand mat is estimated to be the faster-growing mat type segment during the forecast period. It was also the larger segment for glass mat in 2018, in terms of value, driven by the fact that it is the most favored mat type to fabricate composites. Chopped strand mat is extensively applicable in marine, recreational, industrial, transportation, and construction applications, among others, which is driving the growth of the segment.

    Glass Mat Market Share: By Binder Type

    Based on the binder type, the market is segmented as emulsion bonded glass mat and powder bonded glass mat. The emulsion-based glass mat segment commanded the glass mat market owing to its better handling properties, ease of processing, and better surface bonding efficiency against powder bonded glass mat. Emulsion bonded mats provide benefits, such as rapid resin impregnation, easy air removal, good surface bonding, high strand integrity, better aesthetics to composite parts, and low resin consumption, among a host of others.

    Glass Mat Market Share: By End-Use Industry Type

    Based on the end-use industry type, the market is segmented as construction & infrastructure, industrial applications, automotive & transportation, marine, sports & leisure goods, and others. The construction & infrastructure segment captures the highest share of the market, driven by rapid innovations in the integration of lightweight GFRP composites, which offer robust corrosion resistance, and better aesthetic properties. This is likely to further pace up the demand for glass mat from construction & infrastructure component manufacturers.

    Glass Mat Market Share: By Region

    In terms of regions, presently, Asia Pacific is estimated to be the largest consumer of glass mat globally. India and China are the high growth engines of the region due to the growing construction & infrastructure and industrial & chemical industries in both of these countries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Glass Mat Market: Key Players

    Some of the major players in the glass mat market are Binani Industries Limited, Central Glass Co., Ltd., China Beihai Fiberglass Co., Ltd., Chongqing Polycomp International Corporation, Eastern Industrial Company (EICO), Hangzhou Mingda Glass Fibre Co., Ltd., Jushi Group Co., Ltd., Jiangsu Jiuding New Material Co., Ltd., P-D Glasseiden GmbH, and Saint-Gobain S.A. 

     

    Market Scope & segmentation

    Glass Mat is a battery of lead-acid type with an advanced form. It is used for meeting up the current day demand of high electricity in different applications.

    Glass Mat can be chopped strand mat and continuous filament mat. Construction & infrastructure, industrial applications, automotive & transportation, marine, sports, and other industries are the areas where glass mat is used.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Glass Mat Market Report - Features

    Market Segmentation

    4

    Regions Covered

    5

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The glass mat market is segmented into the following categories. 

    Glass Mat Market Size, Share & Forecast, by Mat Type:

    • Chopped Strand Mat (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Continuous Filament Mat (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glass Mat Market Size, Share & Forecast, by Binder Type:

    • Emulsion Bonded Glass Mat (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Powder Bonded Glass Mat (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glass Mat Market Size, Share & Forecast, by End-Use Industry Type:

    • Construction & Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial Applications (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive & Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sports & Leisure Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glass Mat Market Size, Share & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the mat types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].


    General Frequently Asked Questions (FAQs)

    What is Glass Mat?

    Glass Mat is a battery of lead-acid type with an advanced form. It is used for meeting up the current day demand of high electricity in different applications. Glass Mat can be chopped strand mat and continuous filament mat. Construction & infrastructure, industrial applications, automotive & transportation, marine, sports, and other industries are the areas where the glass mat is used.

    What will be the CAGR of the Glass Mat Market?

    Glass Mat Market is likely to witness an impressive CAGR of 5.2% during the forecast period. High demand from the construction & infrastructure industry and other emerging application industries such as industrial & chemical and automotive and the property of glass mat bearing the ability to reduce weight and impart better aesthetic looks than metal parts are the major factors expected to drive the global glass mat market during the forecast period.

    Which country/region is expected to remain the largest Glass Mat Market?

    In terms of regions, presently, Asia Pacific is estimated to be the largest consumer of glass mat globally. India and China are the high growth engines of the region due to the growing construction & infrastructure and industrial & chemical industries in both of these countries.

    Who are the key players in the Glass Mat Market?

    Some of the major players in the glass mat market are Binani Industries Limited, Central Glass Co., Ltd., China Beihai Fiberglass Co., Ltd., Chongqing Polycomp International Corporation, Eastern Industrial Company (EICO), Hangzhou Mingda Glass Fibre Co., Ltd., Jushi Group Co., Ltd., Jiangsu Jiuding New Material Co., Ltd., P-D Glasseiden GmbH, and Saint-Gobain S.A.

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