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Fiberglass Mat Market

Fiberglass Mat Market

Fiberglass Mat Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031

Fiberglass Mat Market
FACT5805MR

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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Covid-19 Impact on Fiberglass Mat Market:

Covid-19 pandemic is estimated to have a major impact on end-use industries like automotive, aerospace and construction & infrastructure industries which will replicate during the forecast period, especially in the year 2021-2022.

Fiberglass mats are used for interior design of cars and other commercial vehicles, due to covid-19 pandemic manufacturing capacity and demand for automotive will contract for next few years which directly tends to effect fiberglass mat market. Due to economic instability and reduced interest in purchasing of automotive by consumers leads to fiberglass mat market downwards for few years. Not only automotive industry but also aerospace industry has directly affected fiberglass mat market.

In construction and infrastructure industries manufacturing and supply chain operations are disturbed because of covid-19 pandemic worldwide. The customers demand towards essential products is also affected which includes fiberglass mat and other products over forecast period. Moreover, pandemic has led to shutting down of international borders, which causes reduce in demand for fiberglass mat in international market. Other government authorities across the globe have also imposed control on travelling. Moreover in construction industry decrease in installation of fiberglass mats which directly affected fiberglass mat market.

The Fact.MR has predicted that after restarting of manufacturing industries and heavy layoff in the construction and infrastructure industry and other industries in the North America and Latin America will helps to increase demand for fiberglass mat market.

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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.

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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.

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

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Segmentation of Fiberglass Mat Market:

The global Fiberglass mat market is segmented as follow: based on glass type, mat type, application and region.

Based on glass type fiberglass mats market is segregated as follows:

  • E Glass
  • ECR Glass
  • S Glass
  • AR Glass
  • H Glass
  • Others

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

Based on application fiberglass mats market is segregated as follows:

  • High & Low Pressure Injection
  • Infusion & Compression Modeling
    • Automotive
    • Industrial
    • Aerospace industry

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)

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