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Lucintel identifies and prioritizes opportunities for growth in the global glass mat thermoplastics (GMT) market -USD 0

Publish Date: 19-05-2017 07:15:58 | Contact name: Lucintel LLC | Location: USA | Place: 222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA | 1 times displayed |



According to
a new market report published by Lucintel, the future of the glass mat thermoplastic (GMT) market looks good with opportunities in the
automotive industry. The global glass
thermoplastics market is forecast to grow
at a CAGR of 5.6% from 2016 to 2021. The major drivers for the growth of this market are increasing use for lightweight
materials, growing end-use industries, recyclability, and ease of processing of
GMT.



In this market, glass fiber is used as
reinforcement and polypropylene resin as matrix materials for producing glass mat thermoplastics. Lucintel
predicts that the demand for GMT is likely to experience a good growth during
the forecast period supported by growing demand for lightweight materials in automotive
industry. On the basis of comprehensive research, Lucintel forecasts that the
automotive segment is expected to show above average growth during the forecast
period.



Within the GMT market, the automotive segment is
expected to remain the largest end use industry by both value and volume. Increasing government
mandates for higher fuel economy, recyclability, and ease of processing are the
major driving forces that spur growth for GMT in this segment over the forecast
period.



Within the GMT market, the bumper beam has
been the major automotive application and is expected to remain the largest
automotive application over the forecast period. By type of material advanced
GMT is the most widely used material due to its lighter weight compared to
traditional GMT and is expected to remain the largest segment by both value and volume during
the forecast period.



Asia Pacific (including
Rest of the World) is expected to remain the largest market and is expected to
witness highest growth rate during the forecast period largely due to the anticipated
growth in the end user industries and increasing focus on lightweight
thermoplastic composites.



For market
expansion, this report suggests innovation, where the unique characteristics of
GMT can be capitalized. The report
further suggests the development of partnerships with customers to create
win-win situations and provide innovative solutions for the end use industries.



Emerging
trends in the global GMT market which have a direct impact on the
dynamics of the industry are switching from traditional GMT to advanced GMT and
development of new applications. Quadrant Plastic Composites, Hanwha Advanced
Materials, and JFE Chemical Corporation are among the major suppliers of GMT.



Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities for the
global glass mat thermoplastic market by application, automotive application,
type of material, and region and has come up with a comprehensive research
report, “Growth
Opportunities for the Global Glass Mat Thermoplastic Market 2016-2021: Trends,
Forecast, and Opportunity Analysis
.” The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the glass mat thermoplastic market through 2021,
segmented by application, automotive application, type of material, and region as
follows:



By application [Volume (M lbs) and $M shipment
analysis for 2010 – 2021]:



·
Automotive



·
Non-automotive



By automotive
application [volume (M lbs) and value $M from 2010 - 2021]:



· Bumper beam



· Underbody
system



· Seating
structure



· Interior
headliners



· Load
floor/parcel shelf



· Instrumental
panel



· Hatchback
door carrier



· Spare wheel
well



· Others
automotive



By type of
material [volume (M lbs) and value $M from 2010 - 2021]:



· Traditional GMT



· Advanced GMT



By region [volume
(M lbs) and value $M from 2010 - 2021]-



· North America



· Europe



· Asia Pacific (including Rest of the World)



This 322-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click
on this link http://www.lucintel.com/glass_mat_thermoplastic_market_2021.aspx or
helpdesk@lucintel.com. Lucintel offerings include chemical
market research reports
, chemical
industry analysis Report
, strategic
growth consulting
, business
strategy consulting
and commercial due diligence
report
.







About Lucintel



Lucintel, the premier global management
consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key decision-makers in a variety
of industries. For further information, visit www.lucintel.com.



This
report answers following 11 key questions:



Q. 1 How big the opportunities for
global glass mat Thermoplastic (GMT) market by application, type of
materials, and region?



Q. 2.
Which product / segments will
grow at a faster pace and why?



Q. 3. Which region will grow at
a faster pace and why?



Q.4 What
are the key factors affecting market dynamics? What are the drivers and
challenges of the market?



Q.5 What
are the business risks and threats to this market?



Q.6 What
are the emerging trends in the GMT market and reasons behind them?



Q.7 What
are some changing demands of customers in the market?



Q.8 What
are the new developments in the market? Which companies are leading these
developments?



Q.9 Who
are the major players in this market? What strategic initiatives are taken by
key players for business growth?



Q.10 How
are the competitive rivalry and threat of substitution in this market?



Q.11
What M&A activities happened in the past years in the GMT market and its
impact.





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