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Glass Mat Market Share

Report ID: GMI7211
Published Date: Oct 2023
Report Format: PDF

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Glass Mat Market Share

Major players operating in the glass mat industry include:

PPG Industries
Taishan Fiberglass
Fibretech Industries
Ashland
P-D Glasseiden
Nitto Boseki

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for glass mat was USD 1.24 billion in 2023 and will register over 5.4% CAGR from 2024-2032 due to the increasing demand in construction and infrastructure projects, the automotive industry, wind energy sector, and electronics applications worldwide.

The construction and infrastructure application segment held 43.6% share of the glass mat market in 2022 and is expected to register a commendable CAGR from 2023-2032 on account of the rising demand for glass mats in roofing, insulation, and wallboards.

North America held 34.9% share of the glass mat industry in 2022 and is expected to register a significant CAGR from 2023-2032 owing to the stringent environmental regulations that favor the adoption of sustainable materials in the region.

PPG Industries, Taishan Fiberglass, Fibretech Industries, Ashland, P-D Glasseiden, and Nitto Boseki, are some of the major glass mat companies worldwide.