Glass Mat Thermoplastic Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Glass mat thermoplastic consists of glass fiber and thermoplastic that are blended together to produce intermediary compound. These are further reinforced using long fibers with glass mat technology. The glass mat thermoplastic material has numerous advantages such as elasticity, impact resistance, resistance to corrosion, durability, and can prove as an alternative to metals such as aluminum and steel, which are comparatively heavier. Glass mat thermoplastic is witnessing increased acceptance owing to increase in use of lightweight materials in automotive, electrical and electronics, and aerospace industries, among others. Automotive industry is one of the major contributors to increase in demand of lightweight and durable materials.

Glass mat thermoplastics provide high innovation potential with respect to material properties, production, processing and ecological demands. Complex parts can be produced in automotive and aerospace industries from glass mat thermoplastic by integrating functional elements, which results in reduction of assembly costs. Metals such aluminum and iron when replaced with glass mat thermoplastic reduce the overall weight of the structure. Due to its lightweight property and durability, the use of glass mat thermoplastic has increased significantly in the electrical and electronics industry.

Glass Mat Thermoplastic Market Taxonomy

On the basis of product type, the global market is classified into:

  • Traditional glass mat thermoplastic
  • Advanced glass mat thermoplastic

On the basis of raw materials, the global market is classified into:

  • Thermoplastic polyester (TPP)
  • Polypropylene (PP)
  • Polyamide (PA)

On the basis of application, the global market is classified into:

  • Aerospace and Defense
  • Consumer goods
  • Electrical and Electronics
  • Automotive
  • Transportation

The automotive industry is one of the largest end users of glass mat thermoplastics. In automotive industry, glass mat thermoplastic is widely used as underbody shields, front ends and seat structures. In addition to this, government guidelines for technical rules include DIN standard in countries such as Germany, recyclability, and ease of processing are some of the driving factors that boost the growth of glass mat thermoplastic market. The use of glass mat thermoplastic has increased rapidly in the consumer goods industry mainly due to its ease of recycling. Glass mat thermoplastics can be easily molded into complex geometries, without compromising on structural integrity. This property is especially beneficial in the aerospace Industry, which has emerged as a major end-use industry for glass mat thermoplastics in recent years.

Glass Mat Thermoplastic Market Outlook – Increasing Demand for Lightweight Materials to be the Major Market Driver  

Asia Pacific and North America are the largest markets for glass mat thermoplastics, Asia Pacific poised to be the fastest growing market over the forecast period. This is mainly attributed to the anticipated growth of various end-use industries such as automotive and electronics, especially in emerging economies such as China and India. According to India Brand Equity Foundation (IBEF)—a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the automotive industry in India is expected to be valued at US$ 300 billion by 2026. In addition to this, rapidly increasing focus on lightweight thermoplastic composites in the automobile sector is expected to augment demand for glass mat thermoplastics. On the other hand, Europe also provides lucrative opportunities for glass mat thermoplastic manufacturers due to increasing demand for lightweight material in the thriving aerospace, automobile, electrical, and electronic industries in the region.

High price is expected to be one of the restraining factors for the growth of glass mat thermoplastic market over the forecast period. This is mainly attributed by the complex process involved in production of glass mat thermoplastics. However, constant research and development to find an alternative manufacturing process for reduction in manufacturing cost is a key strategy adopted by major players. Some of the major companies operating in the global glass mat thermoplastic market include Cytec Solvay Group, BASF SE, Royal DSM, Quadrant Plastic Composites, and Hanwha Advanced Materials.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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