Glass Mat Market Analysis By Industry Size, And Share, Manufacturers, Demand Forecast 2025
Global glass mat market is expected to grow at a substantial CAGR during the forecast period. Glass mat possess properties like high tensile strength, anti-corrosive nature and superior finish, which is contributing to the increasing demand of the product in end user industries such as construction, automotive and chemical, among others. Furthermore, rising production of wind turbines blades is expected to bolster the growth of market over the next few years. The global glass mat market is segmented based on type, binder type, application, end user , company, and region. Based on type, the market can be categorized into chopped strand mat and continuous filament mat. Out of which, the chopped strand mat segment dominated the market in 2019 is expected to maintain its dominance during the forecast period as well, which can be attributed to its preference over other alternatives to manufacture composites. Based on binder type, the emulsion bonded glass mat segment is p...