Glass Mat Thermoplastic Market

1. Presents a Research Report on Glass Mat Thermoplastic Market Glass Mat Thermoplastic Market is Segmented by Application Type (Transportation [Bumper beam, Underbody system, Seating Structure, Interior Headliners, Load Floor/Parcel Shelf, and Others], Non- Transportation), by Material Type (Traditional GMT and Advanced GMT), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. Glass Mat Thermoplastic Market Growth and Forecast Highlights & Drivers The GMT market is estimated to grow at a CAGR of 5.9% during 2021-2026 to reach the figure of US$ 630.6 Million in 2026. • The demand for GMTs is highly related to the production of automobiles and if any change in the production of vehicles usually has similar reflections in the demand for GMTs. • The pandemic has brought forth several challenges before GMT manufacturers including supply-chain sabotage, reduced demand, huge COVID-related costs, and remote work affecting the efficiency, ultimately giving a huge burden on the balance sheet of the companies. • However, the market stakeholders are started witnessing recovery from 2021 onwards with the recovery in automobile production. • The impact of the COVID-19 pandemic was different in different end-use markets. The automotive industry was already under immense pressure due to lower market demand. The onset of the pandemic exacerbated its challenges and resulted in a massive plunge in both productions as well as sales across regions. • www.stratviewresearch.com 2

3. Market Insights By Application Type • Transportation is expected to remain the bigger demand generator for GMTs in terms of both value and volume during the forecast period. • Benefits offered by glass mat thermoplastic, such as lightweight, recyclability, and ease of processing accompanied with rising government mandates towards higher fuel economy are the major growth drivers for the material in the transportation segment. By Material Type • Traditional GMT is projected to be the leading segment of the market during the study period. • Bumper beam and underbody system are two leading applications of traditional GMT. Interior headliners on the other hand in the key application of advanced GMTs. By Region • Asia-Pacific is expected to remain the largest market for GMTs over the next five years. • North America is the second most important market for glass mat thermoplastics in the wake of high usage in their vehicles. www.stratviewresearch.com 3

4. Competitive Insights New product development, advancements in automotive fluoropolymers properties, and collaboration with OEMs or tier players are the key strategies adopted by the major players to gain a competitive edge in the market. Key Companies Analysed • Quadrant Plastic Composites AG • Hanwha Advanced Materials (Hanwha Azdel, Inc.) • JFE Chemical Corporation • SABIC (Saudi Basic Industries Corporation) • RTP Company www.stratviewresearch.com 4

5. Research Methodology Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. Stratview Research Internal Knowledgebase Secondary Research Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others Data Analysis (Top Down and Bottom Up Approach) Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) www.stratviewresearch.com 5

6. Report Features This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: Market structure: Overview, industry life cycle analysis, supply chain analysis. • • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors. • www.stratviewresearch.com 6

7. Market Segmentation By Application Type • Transportation • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • (Transportation Sub-Type Analysis: Bumper beam, Underbody system, Seating Structure, Interior Headliners, Load Floor/Parcel Shelf, Others) • Non-transportation • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) By Material Type • Traditional GMTs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Advanced GMTs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) By Region • North America (Country Analysis: The USA, Canada, and Mexico) • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe) • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific) • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others) www.stratviewresearch.com 7

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