Glass Mat Thermoplastic Market

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Presents a Research Report on Glass Mat
Thermoplastic Market
Glass Mat Thermoplastic Market is Segmented by
Application Type (Transportation Bumper beam,
Underbody system, Seating Structure, Interior
Headliners, Load Floor/Parcel Shelf, and Others,
Non-Transportation), by Material Type
(Traditional GMT and Advanced GMT), and by Region
(North America, Europe, Asia-Pacific, and Rest of
the World). sales_at_stratviewresearch.com
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Glass Mat Thermoplastic Market Growth and
Forecast Highlights Drivers

• The GMT market is estimated to grow at a CAGR of
  5.9 during 2021-2026 to reach the figure of US
  630.6 Million in 2026.
• The demand for GMTs is highly related to the
  production of automobiles and if any change in
  the production of vehicles usually has similar
  reflections in the demand for GMTs.
• The pandemic has brought forth several challenges
  before GMT manufacturers including supply-chain
  sabotage, reduced demand, huge COVID-related
  costs, and remote work affecting the efficiency,
  ultimately giving a huge burden on the balance
  sheet of the companies.
• However, the market stakeholders are started
  witnessing recovery from 2021 onwards with the
  recovery in automobile production.
• The impact of the COVID-19 pandemic was different
  in different end-use markets. The automotive
  industry was already under immense pressure due
  to lower market demand. The onset of the pandemic
  exacerbated its challenges and resulted in a
  massive plunge in both productions as well as
  sales across regions.

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Market Insights

• By Application Type
• Transportation is expected to remain the bigger
  demand generator for GMTs in terms of both value
  and volume during the forecast period.
• Benefits offered by glass mat thermoplastic, such
  as lightweight, recyclability, and ease of
  processing accompanied with rising government
  mandates towards higher fuel economy are the
  major growth drivers for the material in the
  transportation segment.
• By Material Type
• Traditional GMT is projected to be the leading
  segment of the market during the study period.
• Bumper beam and underbody system are two leading
  applications of traditional GMT. Interior
  headliners on the other hand in the key
  application of advanced GMTs.
• By Region
• Asia-Pacific is expected to remain the largest
  market for GMTs over the next five years.
• North America is the second most important market
  for glass mat thermoplastics in the wake of high
  usage in their vehicles.

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Competitive Insights

• New product development, advancements in
  automotive fluoropolymers properties, and
  collaboration with OEMs or tier players are the
  key strategies adopted by the major players to
  gain a competitive edge in the market.
• Key Companies Analysed
• Quadrant Plastic Composites AG
• Hanwha Advanced Materials (Hanwha Azdel, Inc.)
• JFE Chemical Corporation
• SABIC (Saudi Basic Industries Corporation)
• RTP Company

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Research Methodology
Data Analysis (Top Down and Bottom Up Approach)
Data Triangulation (Data Evaluation and Multiple
Data Triangulation)
Final Deliverables (Final Report with All
Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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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 on 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, Porters 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.

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Market Segmentation

• By Application Type
• Transportation
• (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• (Transportation Sub-Type Analysis Bumper beam,
  Underbody system, Seating Structure, Interior
  Headliners, Load Floor/Parcel Shelf, Others)
• Non-transportation
• (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• By Material Type
• Traditional GMTs (Regional Analysis North
  America, Europe, Asia-Pacific, and RoW)
• Advanced GMTs (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• 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 (Country Analysis Brazil,
  Saudi Arabia, and Others)

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