Glass Mat Material Market worth $1.7 billion by 2027 – At a CAGR of 6.8%

According to a market research report, the “Glass Mat Material Market by Glass Type (E-Glass, ECR-Glass, H-Glass, AR-Glass, S-Glass), Product Type (Glass Wool, Direct and Assembled Roving, Yarn, Chopped Strand), Application (Composites, Insulation) and Region – Global Forecast 2027”, size is expected to grow from USD 1.2 billion in 2022 to USD 1.7 billion by 2027, at a CAGR of 6.8% during the forecast period. Glass mats are produced using glass fiber strands with binders through the forming process. A binder is used in glass mats to hold the glass fiber strands together, enabling the mat to be handled and molded into composites parts. The emulsion-bonded glass mat gives better handling properties, better surface bonding efficiency, and ease of processing, unlike the powder-bonded glass mat. Emulsion-bonded mats offer benefits such as easy air removal and rapid resin impregnation, good surface bonding and high strand integrity, better appearance.

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183 Market data Tables

56 Figures

224 Pages and in-depth TOC on “Glass Mat Material Market – Global Forecast to 2027”

This report also provides a comprehensive analysis of the companies listed below:

The key players in the glass mat material market include Owens Corning, (US), Chongqing Polycomp International Corporation (CPIC), (China), China Jushi Co., Ltd. (China), Binani industries limited, (India), Saint-Gobain S.A, (France), Taiwan Glass Ind Corp, (Taiwan), Nippon Electric Glass Co., Ltd., (Japan), China Beihai Fiberglass Co., Ltd, (China), Superior Huntingdon Composites Co., LLC, (US), Jiangsu Changhai Composite materials Co., Ltd, (China), Taishan Fiberglass Inc. (CTG), (China), Johns Manville Corp., (US), AGY Holding Corp., (US), PFG Fiber Glass (Kunshan) Co., Ltd., (China), CertainTeed Corporation, (US), and among others.

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Glass Mat Material Market.

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Owens Corning is a diversified company that develops, manufactures, and markets glass fiber products. The company is a major producer of glass fiber reinforcements, commercial and residential building materials, and composite systems. It produces glass fibers to manufacture composite materials for the electronics, transportation, and infrastructure industries. Owens Corning operates through three segments: Insulation, Composites, and Roofing. The company manufactures many lightweight, robust, and long-lasting glass products Through its Composites business segment, which includes chopped strand mats, continuous filament mats, multi-end rovings, single-end rovings, and technical fabrics, among others.

Its products are used in pipes, roofing shingles, consumer electronics, boats, sporting goods, aviation, defense, automotive, industrial containers, and wind-energy applications. Owens Corning operates through its subsidiaries and has facilities and technical centers in 26 countries of North America, Asia Pacific, Europe, and RoW and subsidiaries. The company serves markets that include wind energy, pipe, industrial and recreational, construction, transportation, and others with its fiberglass fabric products.

Chongqing Polycomp International Corporation (CPIC) manufactures, develops, and markets fiberglass and composites products. The company offers various reinforcement materials such as E-glass fiber roving, mat (emulsion/ powder), woven rovings, multi-axial fabrics, chopped strand long fiber thermoplastics, and other products. Its products find applications in construction, decoration, automotive, medical and sports & leisure equipment, food packaging, aerospace, mechanical, electronic, and other industries. CPIC has established its production bases in Brazil, Bahrain, and China. Its annual fiberglass production capacity exceeds 600,000 tons, and that of glass fabric reaches up to 150 million meters.

It has four sales subsidiaries based in North America, Europe, Russia, and Hong Kong. CPIC’s products are sold in North America, the Middle East, Europe, Southeast Asia, Africa, and other regions, with the export volume exceeding 50% of total sales volume. CPIC has developed stable cooperative relations with more than 30 foreign companies, including GE and Dupont. CPIC’s products are widely used in the fields of urban architecture, interior decoration, automobiles, and mechatronics and are gradually occupying other emerging markets, such as wind power generation and aviation.

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