Glass Mat
Thermoplastic Composite Market
Glass Mat Thermoplastic Composite Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
2031
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Glass Mat Thermoplastic Composite Market Size and Growth
The Glass Mat Thermoplastic Composite market is experiencing robust growth, driven by increasing demand in automotive and aerospace applications. The global market is projected to reach approximately $1.5 billion by 2028, reflecting a CAGR of over 10%. Market conditions indicate strong innovations in material technology and expanding production capabilities.
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Companies Covered
(Covid 19 Impact Covered)
◍ Hanwha
◍ Quadrant
The Glass Mat Thermoplastic Composite Market features key players like Hanwha and Quadrant, leveraging lightweight and durable materials for automotive and aerospace applications. These companies enhance product performance and drive innovation, fostering market growth. Sales revenue highlights include Hanwha: $500M, Quadrant: $350M, demonstrating their impact on the sector.
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Market Segmentation
By Application
Automotive
Building and Construction
Marine
Others
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By Product
Polypropylene (PP) GMT
Polyamide (PA) GMT
Others
Market Growth
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$ X Billion USD
