Global Market for Glass Mat Thermoplastic Composites to Grow at 5.5% CAGR to $481 Million by 2017

Research and Markets has announced the addition of the "Global Glass Mat Thermoplastics Market 2012-2017: Trends, Forecasts and Opportunity Analysis" report to their offering.

The global market for glass mat thermoplastic (GMT) composites has been growing slowly during the past five years and is expected to further gain momentum, reaching approximately US $481 Million by 2017 with a CAGR of 5.5% over the next five years. Automotive will be the predominant market segment for GMT materials over the next five years. Growth is expected in flat-panel applications such as interior headliners, exterior panels, and underbody systems.

Lucintel's research indicates that the industry is growing at rates that can be attributed to several factors, including the continuing demand for lighter weight materials to replace metals (especially steel) in automotive applications to increase fuel efficiency. Other factors include the use of recyclable materials in the automotive sector, particularly in Europe, continued technology improvements in fabrication techniques, material formulations, product design to take advantage of GMT's unique properties, and the opening up of new non-automotive applications in the construction market and others. In addition, competitors can position themselves as the supplier of choice after working with their customers to satisfy new applications.

Research by Lucintel indicates the market is expected to grow in profitability in the coming years due to rising demand for GMT. Based on the fundamentals of the industry and the competitive environment, the analysis reveals that the past trends are expected to continue in the near future. The report, which provides trend scenarios and forecast statistics for 2011-2017, details industry drivers and challenges, compares properties and prices, highlights major GMT suppliers, and describes various properties, manufacturing processes, and more.

Companies Mentioned:

  • AKsys GmbH
  • Röchling Automotive (formerly Seeber)
  • Reiter
  • HanwhaL&C
  • Kasai Kogyo
  • Ranger S.p.A.
  • Peguform
  • Quadrant AG
  • Azdel, Inc.
  • Hanwha L&C Corporation
  • JFE Chemical Corporation

Source: http://www.researchandmarkets.com

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