Los Angeles, CA -- (SBWire) -- 04/12/2019 --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 was 770 million US$ in 2018 and is expected to 910 million US$ by the end of 2025, growing at a CAGR of 2.4% between 2019 and 2025.
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This report studies the Glass Mat Thermoplastics (GMT) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Glass Mat Thermoplastics (GMT) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Hanwha
Quadrant
By the product type, the market is primarily split into
Polypropylene (PP) GMT
Polyamide (PA) GMT
By the end users/application, this report covers the following segments
Automotive
Building and Construction
Marine
Others
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Glass Mat Thermoplastics (GMT) Market Will Expand at 2.4% CAGR to Hit 910 Million US$ by 2025: QY Research, Inc.