Glass Mat Reinforced Thermoplastics Market
Glass Mat Reinforced Thermoplastics Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
2031
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Glass Mat Reinforced Thermoplastics Market Size and Growth
The Glass Mat Reinforced Thermoplastics (GMT) market is experiencing significant growth, driven by increased demand in automotive, aerospace, and construction sectors. The market size is projected to reach approximately $1.5 billion by 2027, with a compound annual growth rate of around 5.2%, reflecting rising investment in lightweight materials and sustainability.
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Companies Covered
(Covid 19 Impact Covered)
◍ Owens Corning
◍ BASF
◍ Celanese
◍ Quadrant
◍ DowDuPont
◍ Lanxess
◍ Shell
◍ Azdel
◍ SABIC
◍ Cytec
◍ Exxon
◍ Royal DSM
◍ Rhodia(Solvay)
◍ Teijin
◍ Jushi Group
◍ Changzhou Zhongjie Composites
The Glass Mat Reinforced Thermoplastics market includes key players like Owens Corning, BASF, and Celanese, focusing on automotive, construction, and efficiency in production. They innovate materials, expand applications, and enhance sustainability. Notable sales revenues include:
- Owens Corning: $8.7 billion
- BASF: $78.6 billion
- Celanese: $7.5 billion
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Market Segmentation
By Application
Automotive
Building and Construction
Marine
Others
By Product
◍ Polypropylene(PP) Glass Mat
Reinforced Thermoplastics
Polyamide(PA) Glass Mat
Reinforced Thermoplastics
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Market Growth
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$ X Billion USD
