Glass mat is a broadly utilized composite substance in several fields, such as shipbuilding, swimming pools, and roofs in the construction industry, wind turbines, and car body components. In the glass mat market, the glass mat is diligently utilized for manufacturing composites. Glass mat is a particular cloth type configured from long or short glass fibers collected with a cohesive agent. Due to technical advancements, it is now feasible to make contemporary composites more adjusted to electrical insulation applications and require technical and profitable parameters. This is because of the unwoven structures; the percentage of glass in laminates can be acclimated to appropriate mechanical features.
Benefits of Glass Mats
The Market Insight
The global glass mat market was valued at USD 1.32 billion in 2022 and is expected to grow at USD 2.96 billion with a CAGR of 8.4% during the forecast period 2032.
Production of Glass Mats
In the course of production, glass mats are dispersed with binders. In the course of processing, the glass mats are saturated with polyester resin. The styrene existing in a polyester resin results in the binder to liquefy. This permits the glass mat to be effortlessly draped into a wanted shape. Because of the unkempt structure of the glass mat, fiber compound material made with glass fiber mats have a lesser quantity of fibers in volume than for instance fiber composite substances with glass filament fabric.
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Growth Drivers
The development of construction industry worldwide is the prominent driving elements for this market. India, one of Asia's prominent surfacing nations, is witnessing speedy urbanization and escalating housing demand. By 2030, it is expected that the Indian real estate market will have evolved to $1 trillion, with accessible housing showcasing one of its most spirited sub-sectors. In the glass mat market, the Indian government is motivating an aggregate of modern building technologies to encounter the requirement and tackle issues with conventional construction such as security, productivity, construction standard, acceptability and labor enrolling.
Recent Developments
In December 2022, Saint-Gobain, France-based company, broke ground for a new glass mat facility on its CertainTeed Roofing campus in Oxford, North Carolina. The company invested $167 million in the facility, the largest ever made in the U.S.-based roofing facility.
To Conclude
In the glass mat market, the usage of glass mats as supplementing materials in composite commodities, such as roofing substances, wall panels, and insulation boards, improves structural coherence, durability, and fire resistance. These factors augur a bright future for the market.