Product Code: ETC355044 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India Glass Mat Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 13.54% in 2025, climbs to a high of 14.09% in 2027, and moderates to 12.72% by 2029.
India glass mat market is estimated to be worth around US$ 0.10 billion in 2025, with a CAGR of 12% during the forecast period. This growth is driven by the increasing demand for lightweight materials in automotive and construction industries as well as rising environmental concerns among consumers. The growing demand for flame retardant products has also contributed to the rise in sales. Moreover, India expanding urban infrastructure projects are expected to further boost the market growth over the next five years.
The India Glass Mat Market experiences significant growth due to several driving factors. One of the key drivers is the increasing use of glass mats in the construction industry for reinforcing composites and materials. Glass mats offer superior mechanical properties, such as high strength, durability, and resistance to corrosion, making them suitable for applications in construction and infrastructure projects. The booming automotive sector in India also contributes to the market`s growth as glass mats find applications in automotive interiors and components due to their lightweight and sound-damping properties. Moreover, the demand for glass mats in the electrical and electronics industry, particularly for circuit boards and insulation materials, further drives the market`s expansion. As manufacturers focus on developing eco-friendly and sustainable products, the India Glass Mat Market is expected to witness continuous growth and innovation.
The India Glass Mat Market faces specific challenges related to market acceptance and competition from alternative materials. One of the key challenges is the lack of awareness about the benefits of glass mats in various applications. Educating end-users and industries about the advantages of glass mat, such as high strength, corrosion resistance, and lightweight properties, is crucial to drive demand. Additionally, the market faces competition from other reinforcing materials, such as carbon fiber and natural fibers, which also offer specific advantages in different applications. Manufacturers need to focus on innovation and developing specialized glass mat solutions to cater to specific industries and market segments. Moreover, ensuring consistent quality and supply of glass mats can be a challenge, requiring stringent quality control and adherence to industry standards. Collaborative efforts between manufacturers, industry associations, and end-users are essential to overcome these challenges and promote the wider adoption of glass mats in various sectors.
The India Glass Mat Market experienced mixed impacts during the COVID-19 pandemic. The disruptions in industrial activities and supply chain challenges had adverse effects on the market`s growth. With lockdowns and restrictions in place, many manufacturing units were temporarily shut down, leading to reduced production and supply constraints for glass mats. The decline in construction and automotive sectors also impacted the demand for glass mats in certain applications. However, the market witnessed increased demand in sectors like electrical and electronics, where glass mats found applications in circuit boards, insulation materials, and electrical components used in medical devices and communication equipment. As the economy gradually reopened and manufacturing activities resumed, the demand for glass mats in construction and automotive applications also started recovering. The growing focus on sustainable and lightweight materials in various industries is expected to drive the demand for glass mats in the post-pandemic era.
Some key players in the India Glass Mat Market include Owens Corning India Pvt. Ltd., Jushi India Pvt. Ltd., Saint-Gobain India Pvt. Ltd., Binani 3B-The Fibreglass Company, and Nitto Boseki Co., Ltd. These companies are prominent manufacturers of glass mats and related products in India. They offer a wide range of glass mat solutions used in various industries, including construction, automotive, electrical, and electronics. These key players focus on product quality, consistency, and technical support, providing reliable and high-performance glass mat materials to meet industry standards. They continuously invest in research and development to develop new glass mat formulations and cater to the evolving demands of India industries. Collaborating with end-users and industry stakeholders, these key players contribute to the growth and development of the glass mat market in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Glass Mat Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Glass Mat Market Revenues & Volume, 2021 & 2031F |
3.3 India Glass Mat Market - Industry Life Cycle |
3.4 India Glass Mat Market - Porter's Five Forces |
3.5 India Glass Mat Market Revenues & Volume Share, By Mat Type, 2021 & 2031F |
3.6 India Glass Mat Market Revenues & Volume Share, By Binder Type, 2021 & 2031F |
3.7 India Glass Mat Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.8 India Glass Mat Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 India Glass Mat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Glass Mat Market Trends |
6 India Glass Mat Market, By Types |
6.1 India Glass Mat Market, By Mat Type |
6.1.1 Overview and Analysis |
6.1.2 India Glass Mat Market Revenues & Volume, By Mat Type, 2021-2031F |
6.1.3 India Glass Mat Market Revenues & Volume, By Chopped Strand Mat, 2021-2031F |
6.1.4 India Glass Mat Market Revenues & Volume, By Continuous Filament Mat, 2021-2031F |
6.2 India Glass Mat Market, By Binder Type |
6.2.1 Overview and Analysis |
6.2.2 India Glass Mat Market Revenues & Volume, By Emulsion Bonded Glass Mat, 2021-2031F |
6.2.3 India Glass Mat Market Revenues & Volume, By Powder Bonded Glass Mat, 2021-2031F |
6.3 India Glass Mat Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 India Glass Mat Market Revenues & Volume, By Drywall Tape & Accessories, 2021-2031F |
6.3.3 India Glass Mat Market Revenues & Volume, By Flooring Enforcement, 2021-2031F |
6.3.4 India Glass Mat Market Revenues & Volume, By Wall Reinforcement, 2021-2031F |
6.3.5 India Glass Mat Market Revenues & Volume, By Roofing And Waterproofing, 2021-2031F |
6.3.6 India Glass Mat Market Revenues & Volume, By Insulation, 2021-2031F |
6.4 India Glass Mat Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 India Glass Mat Market Revenues & Volume, By Marine, 2021-2031F |
6.4.3 India Glass Mat Market Revenues & Volume, By Construction, 2021-2031F |
6.4.4 India Glass Mat Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.5 India Glass Mat Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.6 India Glass Mat Market Revenues & Volume, By Others, 2021-2031F |
7 India Glass Mat Market Import-Export Trade Statistics |
7.1 India Glass Mat Market Export to Major Countries |
7.2 India Glass Mat Market Imports from Major Countries |
8 India Glass Mat Market Key Performance Indicators |
9 India Glass Mat Market - Opportunity Assessment |
9.1 India Glass Mat Market Opportunity Assessment, By Mat Type, 2021 & 2031F |
9.2 India Glass Mat Market Opportunity Assessment, By Binder Type, 2021 & 2031F |
9.3 India Glass Mat Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.4 India Glass Mat Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 India Glass Mat Market - Competitive Landscape |
10.1 India Glass Mat Market Revenue Share, By Companies, 2024 |
10.2 India Glass Mat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |