Press release
GMT for Automobile Research:CAGR of 4.2% during the forecast period
The global market for Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.
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GMT for Automobile Definition
GMT (Glass Fiber Mat Reinforced Thermoplastic) is a composite material that combines glass fiber mats with a thermoplastic resin matrix. It is widely used in various industries due to its excellent mechanical properties, high strength-to-weight ratio, and design flexibility.
GMT for Automobile Market Summary
According to the new market research report "China GMT for Automobile Market Report 2023-2029", published by QYResearch, the China GMT for Automobile market size is projected to reach USD 0.13 billion by 2029, at a CAGR of 4.2% during the forecast period.
ChinaGMT for Automobile MarketSize (US$ Million), 2018-2029
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Above data is based on report from QYResearch: China GMT for Automobile Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
China GMT for Automobile Top15Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
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Above data is based on report from QYResearch: China GMT for Automobile Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the China key manufacturers of GMT for Automobile include Shanghai PRET Composites, Kingfa, Nan Ya Plastics (Formosa Plastics), Celanese, Lotte Chemical, Zhejiang NHU, Avient, Solvay, Daicel, BASF, etc. In 2022, the China top five players had a share approximately 42.0% in terms of revenue.
GMT for Automobile, Market Drivers and Restraint
Market Drivers:
D1: GMT materials have lower density and excellent strength, which can help vehicles become lighter, improve fuel efficiency, and reduce emissions.
D2: Based on glass fiber reinforcement, GMT has excellent strength and stiffness, can provide excellent structural performance, and enhance the durability and safety of automotive parts.
D3: Compared with traditional metal materials, GMT is more cost-effective in production and processing, helping to reduce the overall cost of automobile manufacturing.
D4: GMT can realize the manufacturing of complex shapes through processing processes such as injection molding, providing greater freedom for automotive design and helping to achieve innovative appearance and structural designs.
Restraint:
R1: Compared with traditional materials, the automotive manufacturing industry and consumers have low awareness and acceptance of GMT materials, which may limit their widespread application.
R2: The recycling and reuse of GMT materials is relatively difficult, which may pose a challenge to the automotive industry's pursuit of sustainable development and circular economy.
R3: The manufacturing process of GMT is relatively complex and requires a high level of technical and equipment support, which may increase production costs and affect the large-scale application of the material.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile market is segmented as below:
By Company
Mitsubishi Chemical
Hanwha
Quadrant
Segment by Type
Frontend Component
Seat Housing
Engine Noise Isolation Cover
Bumper
Instrument Panel Bracket
Others
Segment by Application
Passenger Car
Commercial Vehicle
Each chapter of the report provides detailed information for readers to further understand the Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile market:
Chapter 1: Introduces the report scope of the Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile Market Insights, Forecast to 2030
Global Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile Market Research Report 2024
Global and United States Glass Fiber Mat Reinforced Thermoplastic Composites (GMT) for Automobile Market Report & Forecast 2024-2030
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QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 17 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
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