The market research report, entitled Glass Matshows good possibilities in the Glass Matmarket during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.
Global Glass MatMarket Forecast:
The global Glass Matmarket is forecasted to grow at a rate of 4.4% CAGR during the period of 2021-2026. Glass MatMarket will be experiencing an escalation in demand attributed to the growing usage of Glass Matin the market. The XYZ market growth depends upon numerous factors which have direct or indirect impact on the demand. Our report has the summary of such factors derived using SWOT, PEST, industry life cycle and supply chain analysis. These methods help in analysing the strength of the companies and identify gaps as well as opportunities to lay out a successful roadmap which leads to higher profitability.
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Some linchpins in the market are
BAE Systems Plc., Cobham Plc., Honeywell International Inc., Microsemi Corporation, and Texas Instruments
Glass MatMarket Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Glass Matmarket segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.
Binani Industries Limited
Central Glass Co., Ltd.
China Beihai Fiberglass Co., Ltd.
Chongqing Polycomp International Corporation
Eastern Industrial Company (EICO)
Hangzhou Mingda Glass Fibre Co., Ltd.
Jushi Group Co., Ltd.
Jiangsu Jiuding New Material Co., Ltd.
P-D Glasseiden GmbH
Growth drivers and Market Value:
This report, from Stratview Research, studies the Glass Mat Market value and growth drivers over the trend period of 2020-25. According to the report –
Glass Mat Market is likely to witness an impressive CAGR of 5.2% during the forecast period. High demand from the construction & infrastructure industry and other emerging application industries such as industrial & chemical and automotive and the property of glass mat bearing the ability to reduce weight and impart better aesthetic looks than metal parts are the major factors expected to drive the global glass mat market during the forecast period.
Based on Mat Type:
Based on the mat type, the market is segmented as chopped strand mat and continuous filament mat. Chopped strand mat is estimated to be the faster-growing mat type segment during the forecast period. It was also the larger segment for glass mat in 2018, in terms of value, driven by the fact that it is the most favored mat type to fabricate composites. Chopped strand mat is extensively applicable in marine, recreational, industrial, transportation, and construction applications, among others, which is driving the growth of the segment.
Based on Region:
In terms of regions, presently, Asia Pacific is estimated to be the largest consumer of glass mat globally. India and China are the high growth engines of the region due to the growing construction & infrastructure and industrial & chemical industries in both of these countries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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COVID-19 IMPACT Analysis on Glass MatMarket
Coronavirus has influenced every one of the organizations, little or large, dealing in any sector. The growth curves of XYZ market have seen immense fluctuations in the year 2021. The market scenario and the pace of growth have taken a colossal turn and have prompted numerous adjustments in the cycles, which will have repercussions for a significant stretch. 2021 is probably going to be superior to 2021 for the XYZ market players as the greater part of the organizations have continued their activities and the interest is getting reestablished for them.
Note: This report will be refreshed to consolidate the effect of COVID-19, available for the time of 2021 to 2026.
The assessment of the pandemic reveals an enormous transformation in both short, as well as long-term regional business. With some barriers along the road, the Glass Matmarket stakeholders hope to regain stability in 2021, with flourishing demand and a hassle-free market environment. In terms of region, North America and Russia held the major chunk of the market in and before 2021. Despite several setbacks and the pandemic’s impact, the regions having the presence of key players, are likely to maintain their dominance in the upcoming years. According to the report, North America. region is expected to handle the crisis most efficiently, growing at the highest rate during the five-year tenure and is expected to become the next potential manufacturing hub.
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About Stratview Research
Stratview Research is a global market intelligence firm helping its clients’ tract the ever-evolving market scenarios through customised and syndicated reports. The reports offered here are gathered with the help of our wide-ranging and reliable secondary sources and in-depth interviews with the linchpins within the market. Extrapolated through primary and secondary research, Stratview Research’s reports help you remain ahead of the curve by enabling you to understand the current market trends and challenges coming on your way. Our strong team of industry veterans and researchers assure high quality research and strategic insights that help companies worldwide in effective decision making.