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Global glass tangle market expected to hit $1.24 billion by 2022

Global Glass Tangle Market is anticipated to develop from $931.5 Million of every 2016 to $ 1,238.5 Million by 2022, at a CAGR of 4.83% amid the figure time frame.

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The glass tangle market is becoming because of the appeal from development and framework industry and other rising application ventures, for example, mechanical and synthetic and car; as glass tangle can diminish weight and give preferable tasteful over metal parts. The market saw a solid development in the previous couple of years considering the utilization of composites in the US, Germany, and creating nations, for example, China, Brazil, and Japan.

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Owens Corning (US), Jushi Group Co. Ltd. (China), CPIC (China), and Binani Industries Limited (India) are some of the leading players in the glass mat market.

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Owens Corning has been able to hold a leading position in the market by tapping various global markets. It has undertaken strategic alliances with local distribution centers of emerging markets to increase its market share and customer base.

As a part of the company growth strategy in the glass mat market, it is mainly focused on investments & expansions as well as new product launches.

Target audience

  1. Glass Mat Manufacturers
  2. Raw Material Suppliers
  3. Distributors & Suppliers
  4. Industry Associations

Table of Contents

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.3.1 Years Considered for the Study

1.4 Currency

1.5 Limitations

1.6 Stakeholders

2 Research Methodologies

2.1 Research Data

2.1.1 Secondary Data

2.1.1.1 Key Data From Secondary Sources

2.1.2 Primary Data

2.1.2.1 Key Data From Primary Sources

2.1.2.2 Key Industry Insights

2.1.2.3 Breakdown of Primary Interviews

2.2 Market Size Estimation

2.2.1 Bottom-Up Approach

2.2.2 Top-Down Approach

2.3 Data Triangulation

2.4 Research Assumptions

3 Executive Summaries

4 Premium Insights

4.1 Significant Opportunities in Glass Mat Market, 2017–2022

4.2 Glass Mat Market, By End-Use Industry

4.3 Asia-Pacific Glass Mat Market, By End-Use Industry and Country

4.4 Glass Mat Market, By Mat Type

4.5 Glass Mat Market Growth, By Country (Value)

4.6 Glass Mat Market Size, By Binder Type

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The glass mat market is segmented based on mat type into compression chopped strand mat and continuous filament mat. Chopped strand mat is expected to the fastest-growing mat type segment.

It was also the largest segment for glass mat in 2016, in terms of value, as it is the most preferred mat type to manufacture composites. Chopped strand mat is widely applicable in recreational, marine, transportation, industrial, and construction applications, among others.

The glass mat market is segmented by end-use industry into construction & infrastructure, industrial & chemical, marine, sports & leisure, and others. The construction & infrastructure segment accounts for the highest market share, owing to innovations in the integration of lightweight GFRP composites, which provide strong, corrosion resistance, and better aesthetic properties.

This is expected to further increase the demand for glass mat from construction & infrastructure component manufacturers.

Glass mat market based on binder type is segmented into powder bonded glass mat and emulsion bonded glass mat. The emulsion based glass mat segment dominated the glass mat market as it gives better handling properties, better surface bonding efficiency, and ease of processing as compared to powder bonded glass mat.

Emulsion bonded mats offer benefits such as easy air removal, rapid resin impregnation, good surface bonding, high strand integrity, better aesthetics to composite parts, and low resin consumption, among others.

Currently, Asia Pacific is the largest consumer of glass mat. India and China are also the major markets due to the growing construction & infrastructure and industrial & chemical industries in both countries.

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