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Global Glass Mat Market - Industry Trends and Forecast to 2029
Market Analysis and Insights for the Glass Mat Market

  Fiberglass mat is a non-woven material made of glass fibers formed in large quantities, usually uniformly dispersed and bonded together by organic additives. They have the ability to make fibers that are generally heat-resistant and high-strength. They are widely used in construction and infrastructure, marine, sports and leisure applications.

  Growing demand for lightweight products in the automotive and transportation industries is a major factor that will accelerate the growth of the glass mats market during the forecast period 2022-2029. The increasing production of wind turbine blades and the ability to reduce weight and provide better appearance compared to metal is driving the market over the forecast period 2022-2029. In addition, the widespread use in construction and infrastructure industries as well as industrial applications is also expected to drive the growth of the fiberglass chopped strand mat market during the forecast period 2022-2029. However, the availability of high-performance alternatives and growth in cold mold applications restrain the glass mat market, while high prices will challenge market growth during the forecast period 2022-2029.

  Furthermore, the rapid growth in demand from the industrial and chemical sectors, especially in developing regions, will create ample opportunities for the needle mat market during the aforementioned forecast period.