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Global Glass Mat Thermoplastics (GMT) Market to Witness a Pronounce Growth During 2024– Top Key players like Hanwha,Quadrant,Inc.
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Glass Mat Thermoplastics (GMT) is a Thermoplastic pre-peg, which offers better mechanical properties than injection molded reinforced thermoplastics due to the higher residual length of the glass strands. GMT is widely used in automotive applications such as underbody shields, seat structures, and front-ends.
Global glass mat thermoplastics (GMT) industry is concentrated highly. Currently, there are two producing companies in the global glass mat thermoplastics (GMT) industry, including Hanwha and Quadrant. Hanwha is the leader with more than 70% of the global production.
In the glass mat thermoplastics (GMT) market, total global consumption was 200666 MT in 2018. Asia-Pacific was the largest consumption region due to the bigger demand of downstream applications. In 2018, it occupied 40.30% of the global consumption volume. Followed by Europe with 29.27% of global consumption volume.
Glass mat thermoplastics (GMT) could be applied in many fields, such as automotive, building and construction, marine, etc. Automotive is the main application field. In 2018, it occupied 92.28% of the global consumption.
The global Glass Mat Thermoplastics (GMT) market is valued at 770 million US$ in 2018 is expected to reach 910 million US$ by the end of 2025, growing at a CAGR of 2.4% during 2019-2025.
Market Segment by Manufacturers, this report covers
Hanwha
Quadrant
Market Segment by Type, covers
Polypropylene (PP) GMT
Polyamide (PA) GMT
Market Segment by Applications, can be divided into
Automotive
Building and Construction
Marine
Others
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Related Information:
North America Glass Mat Thermoplastics (GMT) Market Growth 2019-2024
United States Glass Mat Thermoplastics (GMT) Market Growth 2019-2024
Asia-Pacific Glass Mat Thermoplastics (GMT) Market Growth 2019-2024
Europe Glass Mat Thermoplastics (GMT) Market Growth 2019-2024
EMEA Glass Mat Thermoplastics (GMT) Market Growth 2019-2024
Global Glass Mat Thermoplastics (GMT) Market Growth 2019-2024
China Glass Mat Thermoplastics (GMT) Market Growth 2019-2024
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