Glass Mat Market worth $2.2 billion by 2028 | Key players Owens Corning, (US), 3B-the Fibreglass Company, (Belgium), Saint-Gobain, (France), Nippon Electric Glass Co., Ltd., (Japan).

According to recent market research the "Glass Mat Market by Mat Type (Chopped Strand Mat, Continuous Filament Mat), Binder Type (Emulsion, Powder), Manufacturing Process (Dry-Laid, Wet-Laid), End-Use Industry, Region (North America, APAC, Europe, Latin America, MEA) - Global Forecast to 2028", is projected to grow from USD 1.3 billion in 2022 to USD 2.2 billion by 2028, at a CAGR of 8.6% during the forecast period. Glass mat offers various useful properties such as low weight, high strength, durability, and corrosion resistant. These properties enable their use in various end-use industries such as construction & infrastructure, automotive & transportation, industrial applications, marine, sports & leisure goods, and others.

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Glass mat market has been segmented based on the mat type into chopped strand glass mats, and continuous filament glass mats. The chopped strand glass mat dominated the overall market in terms of both, value, and volume. These mats get used in wide range of applications including closed-mold and hand-layup. Hence these mats get widely preferred under multiple end-use industries.
In emulsion bonded mat, the binding material is distributed uniformly over glass fiber strands and excess binder can be recovered. This minimizes the loss of binding material.

Similarly, emulsion bonded glass mat gives better handling properties, better surface bonding efficiency, and greater ease of processing than powder bonded glass mat. These mats offer benefits such as easy air removal and rapid resin impregnation, good surface bonding and high strand integrity, better appearance of the composite parts, good surface bonding, low resin consumption, and high strand integrity.

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Asia Pacific is the largest and the fastest growing market for glass mats. The significant growth of glass mat market is due to rising demand from the automotive & transportation, construction & infrastructure sports & leisure, and industrial applications industries. In addition, regional demand from other industries such as wind energy and electrical and consumer goods is high as compared to that in other regions.

The key players in the market include Owens Corning, (US), Chongqing Polycomp International Corporation (CPIC), (China), China Jushi Co., Ltd., (China), 3B-the Fibreglass Company, (Belgium), Saint-Gobain, (France), Nippon Electric Glass Co., Ltd., (Japan), China Beihai Fiberglass Co., Ltd, (China), Taiwan Glass Ind. Corp. (Taiwan), Superior Huntingdon Composites Co., LLC, (US), Jiangsu Changhai Composite materials Co., Ltd, (China). These manufacturers are adapting different organic and inorganic developmental strategies over the past five years for their market growth.

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China Jushi Co., Ltd. is among the largest manufacturers of fiberglass reinforcements. It also offers E-glass and C-glass fiberglass products that include roving, chopped strand mats, stitched combo mats, electrical yarns, and fabrics. The company serves industries such as military, aerospace, defense, security, marine, building & construction, automotive, consumer goods, electrical & electronics, sporting goods, chemical, and wind energy. The company, based in China, operates through its subsidiaries and manufacturing plants in Canada, France, Italy, Singapore, the UK, Spain, India, US, Japan, Germany, and South Africa. Jushi USA, a subsidiary of the Jushi Group, is a leading supplier of fiberglass reinforcements and mats in the US with distribution centers located in Columbia, South Carolina, Indiana, California, among others.

Taiwan Glass Ind. Corp. was established in July 1964 as a joint venture by Taiwan Glass Ind. Corp., Nippon Sheet Glass Co., Ltd. (Japan), and Pilkington Plc. (UK). The company manufactures and sells glass & glass fiber products including glass fiber mats. Under its fiberglass product segment, the company offers glass fiber mats for end-use industries such as sporting goods, electronics, automotive, and others. The company has operations in several countries including Taiwan, China, Vietnam, the Philippines, the United States, Canada, Europe, and the Middle East. It has several subsidiaries and affiliated companies including TAIWANGLASS Group, TAIWANGLASS Ind. Co. Ltd., TAIWANGLASS Fiber Co. Ltd., TAIWANGLASS New Energy Co. Ltd., And TAIWANGLASS Biotech Co. Ltd. The company operates in Taiwan, China, Korea, Japan, the Middle East, North America, Europe, Australia, and South Africa.

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