Fiberglass Mat Market
Fiberglass Mat Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031
Analysis of Fiberglass Mat Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Overview of Fiberglass Mat market
Fiberglass mats are available in various type like needle fiberglass mat, combo fiberglass mat, chopped strand fiberglass mat, etc. In that chopped strand fiberglass mats are the most preferred fiberglass mat types for composite manufacturing. These have a wide range of applications in the marine, construction and transportation sectors. These fiberglass mats are used in construction applications like the manufacturing of furniture & fixtures, pipes, wall panels, etc.
Fiberglass mats provide enhanced properties than metal parts along with less weight these are preferred in automotive industries for interior design. The fiberglass mats provide better behavior properties like surface bonding, low resin consumption and easy air removal which enhances its application in automotive industry. Automotive industry growth is anticipated to strengthen the demand for the fiberglass mat market.
Increased population in developed countries from Asia Pacific Europe and increased aircraft manufacturing & marine transportation in North America regions are set to bolster the demand for the fiberglass mat market. The rising innovations such as light weight property of fiberglass mats are used in aerospace applications. Aviation and marine transportation are consistently boosting demand for fiberglass mats.
Manufacturers are innovating fiberglass mats by increasing their strength, corrosion resistance, rapid resin impregnation, surface bonding, etc. along with a combination of light weight. The fiberglass mats are not strong as carbon and also high installation cost. For open mold applications, many countries are shifting towards light weight products like fiberglass mats.
Fiberglass mat has expanded its scope owing to the steady demand from various end-use industries like automotive, construction & infrastructure and aerospace industries Fiberglass mat offers various advantages including low weight, high surface binding, low resin consumption, environmentally friendly and others. Thus, the above mentioned factors are poised to drive the global Fiberglass mat market with a single-digit CAGR over the forecast period.
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Fiberglass Mat Market Regional Analysis
The global fiberglass mat market is divided into six regions, namely North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa.
Growing demand in the construction and infrastructure industries in developing countries like India, China, Thailand and Indonesia have projected to increases demand fiberglass mat market in the Asia Pacific region during the forecast period. As applications of fiberglass mats in thermal insulation and electric & electrical industry are a major boost for the market in this region together with growth in industrialization and the growing government spending in the construction industry.
North America is the second-largest market in the global fiberglass mat. The US is leading the fiberglass mat market in this region, which is recognized for massive growth in the construction and automotive industries.
The growth of fiberglass mat in the European region is augmented towards the growth of electric cars in the automotive industry and other industries are united with the growth of fiberglass mat in this region. Notable contribution from the regional market are France, UK, Germany are anticipated to witness moderate growth during the forecast.
The Middle East & Africa region is also estimated to have major growth in demand for fiberglass mats. The increasing partiality towards important cars in this region has produced the outpouring in the demand for fiberglass mats for use in the interiors of the cars. Latin America region is projected to record important CAGR outstanding to the refreshing the economy and high growth probable of Brazil and Mexico.
Fiberglass Mat Market Key Players
Fiberglass mat manufactures are distributed across all regions, namely
- Owens Corning
- Shandong Xingying International Trading Co.Ltd
- 3B Fiberglass
- R. B. Electricals
- Krishna Fiber Glass Carbon black composites
- Weitong Composite material Co.Ltd
- Canadian mat Systems
- other manufactures.
To increase market share and market profit in 2020, Owens Corning has acquired Saint-Gobain's Reinforcements and Composite Fabrics businesses for $ 640 million. This acquisition will be a strategy for Owens Corning global growth and strengthens its market position. This acquisition includes more than 4000 workers and nearly 20 manufacturing plants all over the world.
In 2020, in partnership with AquaKOR Technology, Georgia-Pacific Dens Element Barrier System by integrating fiberglass mat and the gypsum core launched hydrophobic, monolithic surfaces which are used in the purification of water.
To meet operational and technical requirements of local and international customers, in 2019 FiberCore and Canadian mat Systems has announced an agreement for the manufacturing of world-class fibre-reinforced plastic.
Due to the rise in use of fiberglass mat across a multitude of industries, numerous key player will posit inorganic and organic growth strategies like eco protective, environmental friendly to improve product quality, increasing investment in R&D. in the fiberglass mat market to cater for the substantial demand in the market.
However, the Asia Pacific and North America supporting local manufacturers are offering a challenge to global players to offer their products at a higher price which in turn is significantly disturbing the growth of the overall fiberglass mat market. Competition in the fiberglass mat market is poised to increase in the coming future.
The research report presents a comprehensive assessment of the fiberglass mat market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Fiberglass mat market report provides analysis and information, according to market segments and geographies.
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The Fiberglass mat market Report Covers Exhaustive Analysis On
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
The Fiberglass Mat Regional Market Analysis Includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The fiberglass mat market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The fiberglass mat market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. Fiberglass mat market report also maps the qualitative impact of various market factors on market segments and geographies.
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The Fiberglass Mat market Report Highlights
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation of Fiberglass Mat Market
The global Fiberglass mat market is segmented as follow: based on glass type, mat type, application and region.
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Based on glass type fiberglass mats market is segregated as follows:
- E Glass
- ECR Glass
- S Glass
- AR Glass
- H Glass
- Others
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Based on mat type fiberglass mats market is segregated as follows:
- Needle Fiberglass mats
- Combo Fiberglass mats
- Woven Roving Fiberglass mats
- Chopped Strand Fiberglass mats
- Core Fiberglass mats
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Based on application fiberglass mats market is segregated as follows:
- High & Low Pressure Injection
- Infusion & Compression Modeling
- Automotive
- Industrial
- Aerospace industry
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Based on region fiberglass mats market is segregated as follows:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Glass Type
- 6.2. Mat Type
- 6.3. Application
- 7. Global Market Analysis and Forecast, By Glass Type
- 7.1. E Glass
- 7.2. ECR Glass
- 7.3. S Glass
- 7.4. AR Glass
- 7.5. H Glass
- 7.6. Others
- 8. Global Market Analysis and Forecast, By Mat Type
- 8.1. Needle Fiberglass mats
- 8.2. Combo Fiberglass mats
- 8.3. Woven Roving Fiberglass mats
- 8.4.Chopped Strand Fiberglass mats
- 8.5. Core Fiberglass mats
- 9. Global Market Analysis and Forecast, By Application
- 9.1. High & Low Pressure Injection
- 9.2. Infusion & Compression Modeling
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 19. Sales Forecast by Glass Type, Mat Type, and Application for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Owens Corning
- 21.2. Shandong Xingying International Trading Co.Ltd
- 21.3. 3B Fiberglass
- 21.4. R. B. Electricals
- 21.5. Krishna Fiber Glass Carbon black composites
- 21.6. Weitong Composite material Co.Ltd
- 21.7. Canadian mat Systems
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Glass Type
Table 3: Global Market US$ Mn Forecast by Mat Type
Table 4: Global Market US$ Mn Forecast by Application
Table 5: North America Market US$ Mn Forecast by Country
Table 6: North America Market US$ Mn Forecast by Glass Type
Table 7: North America Market US$ Mn Forecast by Mat Type
Table 8: North America Market US$ Mn Forecast by Application
Table 9: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Glass Type
Table 11: Latin America Market US$ Mn Forecast by Mat Type
Table 12: Latin America Market US$ Mn Forecast by Application
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Glass Type
Table 15: Western Europe Market US$ Mn Forecast by Mat Type
Table 16: Western Europe Market US$ Mn Forecast by Application
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Glass Type
Table 19: Eastern Europe Market US$ Mn Forecast by Mat Type
Table 20: Eastern Europe Market US$ Mn Forecast by Application
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Glass Type
Table 23: East Asia Market US$ Mn Forecast by Mat Type
Table 24: East Asia Market US$ Mn Forecast by Application
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Glass Type
Table 27: South Asia & Pacific Market US$ Mn Forecast by Mat Type
Table 28: South Asia & Pacific Market US$ Mn Forecast by Application
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Glass Type
Table 31: MEA Market US$ Mn Forecast by Mat Type
Table 32: MEA Market US$ Mn Forecast by Application
Table 33: Latin America Market US$ Mn Forecast by Country
Table 34: Latin America Market US$ Mn Forecast by Glass Type
Table 35: Latin America Market US$ Mn Forecast by Mat Type
Table 36: Latin America Market US$ Mn Forecast by Application
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Glass Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mat Type
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Glass Type
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mat Type
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Glass Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mat Type
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Glass Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mat Type
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Glass Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mat Type
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Glass Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mat Type
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Glass Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mat Type
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Glass Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mat Type
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 33: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Glass Type
Figure 34: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Mat Type
Figure 35: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 36: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much is Fiberglass Mat Market Worth?
The fiberglass mat market worth is currently valued at US$ 1.2 Billion.
Why Fiberglass Mat Market has Higher Growth Potential?
Automotive sector is driving the fiberglass mat market.
Where is Most Opportunities for Fiberglass Mat Industry Players?
North America region to provide most opportunities for the fiberglass mat industry players.
Fiberglass Mat Market