Global Glass Mat Market to Reach $1.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Glass Mat estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at aCAGR of 3.3% over the period 2020-2027. Chopped Strand, one of the segments analyzed in the report, is projected to record 3.5% CAGR and reach US$911.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Continuous Filament segment is readjusted to a revised 2.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $278.8 Million, While China is Forecast to Grow at 6% CAGR
The Glass Mat market in the U.S. is estimated at US$278.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$268.8 Million by the year 2027 trailing a CAGR of 6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.We bring years of research experience to this 8th edition of our report. The 377-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Amnest Group
- Binani Industries Ltd.
- Central Glass Co., Ltd.
- Changzhou Pro-Tech Industry Co., Ltd.
- China Beihai Fiberglass Co. Ltd.
- China Jushi Co., Ltd.
- Chongqing Polycomp International Corporation
- Hangzhou Mingda Glass Fibre Co., Ltd.
- Hitech Fibre Glass Mattings (P) Ltd.
- Jiangsu Changhai Composite Materials Co., Ltd.
- Jiangsu Jiuding New Materials Co., Ltd.
- Johns Manville
- Krosglass S.A.
- Nippon Electric Glass Co., Ltd.
- Nitto Boseki Co., Ltd.
- Owens Corning
- P-D Glasseiden GmbH
- PPG Industries, Inc.
- Saint-Gobain SA
- Shaanxi Huatek Fiberglass Material Group Co., Ltd.
- Sisecam Group
- Superior Huntingdon Composites, LLC
- Taiwan Glass Industry Corporation