Product Code: ETC355051 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Sri Lanka Glass Mat Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 8.23% in 2027, following an initial rate of 5.63%, before easing to 5.66% at the end of the period.
Sri Lanka's Glass Mat market is anticipated to experience a growing growth rate of 8.23% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
The glass mat market in Sri Lanka is developing, with applications spanning across roofing, flooring, and automotive sectors. Glass mats, used for their reinforcement properties, are crucial in composite material production. The market is driven by the construction industry`s growth, advancements in composite technologies, and the rising demand for durable, high-performance materials in various industrial applications.
The demand for glass mats in Sri Lanka is driven by their extensive use in the construction and automotive industries. The superior properties of glass mats, such as high tensile strength, durability, and resistance to moisture and chemicals, make them suitable for various applications. Additionally, the growing emphasis on lightweight and high-strength materials in industrial applications propels the market growth.
The glass mat market in Sri Lanka faces challenges related to the high cost of raw materials and production processes. There is also limited local production capacity, resulting in a heavy reliance on imports and exposure to supply chain disruptions. Furthermore, there is a lack of awareness and technical knowledge about the applications and benefits of glass mats, which affects their adoption in various industries.
The glass mat market is supported by policies that encourage innovation in composite materials. The government funds research projects and collaborates with industry stakeholders to develop high-performance glass mats for various applications, including automotive and construction, while providing tax breaks for manufacturers who invest in sustainable production methods.
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 Sri Lanka Glass Mat Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Glass Mat Market Revenues & Volume, 2021 & 2028F |
3.3 Sri Lanka Glass Mat Market - Industry Life Cycle |
3.4 Sri Lanka Glass Mat Market - Porter's Five Forces |
3.5 Sri Lanka Glass Mat Market Revenues & Volume Share, By Mat Type, 2021 & 2028F |
3.6 Sri Lanka Glass Mat Market Revenues & Volume Share, By Binder Type, 2021 & 2028F |
3.7 Sri Lanka Glass Mat Market Revenues & Volume Share, By Applications, 2021 & 2028F |
3.8 Sri Lanka Glass Mat Market Revenues & Volume Share, By End-use Industry, 2021 & 2028F |
4 Sri Lanka Glass Mat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable construction materials |
4.2.2 Growth in the construction industry and infrastructure development projects |
4.2.3 Rising awareness about the benefits of glass mat in various applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of skilled labor for specialized glass mat production |
4.3.3 Competition from alternative materials like fiberglass and carbon fiber |
5 Sri Lanka Glass Mat Market Trends |
6 Sri Lanka Glass Mat Market, By Types |
6.1 Sri Lanka Glass Mat Market, By Mat Type |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Glass Mat Market Revenues & Volume, By Mat Type, 2018 - 2028F |
6.1.3 Sri Lanka Glass Mat Market Revenues & Volume, By Chopped Strand Mat, 2018 - 2028F |
6.1.4 Sri Lanka Glass Mat Market Revenues & Volume, By Continuous Filament Mat, 2018 - 2028F |
6.2 Sri Lanka Glass Mat Market, By Binder Type |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Glass Mat Market Revenues & Volume, By Emulsion Bonded Glass Mat, 2018 - 2028F |
6.2.3 Sri Lanka Glass Mat Market Revenues & Volume, By Powder Bonded Glass Mat, 2018 - 2028F |
6.3 Sri Lanka Glass Mat Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka Glass Mat Market Revenues & Volume, By Drywall Tape & Accessories, 2018 - 2028F |
6.3.3 Sri Lanka Glass Mat Market Revenues & Volume, By Flooring Enforcement, 2018 - 2028F |
6.3.4 Sri Lanka Glass Mat Market Revenues & Volume, By Wall Reinforcement, 2018 - 2028F |
6.3.5 Sri Lanka Glass Mat Market Revenues & Volume, By Roofing And Waterproofing, 2018 - 2028F |
6.3.6 Sri Lanka Glass Mat Market Revenues & Volume, By Insulation, 2018 - 2028F |
6.4 Sri Lanka Glass Mat Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Sri Lanka Glass Mat Market Revenues & Volume, By Marine, 2018 - 2028F |
6.4.3 Sri Lanka Glass Mat Market Revenues & Volume, By Construction, 2018 - 2028F |
6.4.4 Sri Lanka Glass Mat Market Revenues & Volume, By Automotive, 2018 - 2028F |
6.4.5 Sri Lanka Glass Mat Market Revenues & Volume, By Industrial, 2018 - 2028F |
6.4.6 Sri Lanka Glass Mat Market Revenues & Volume, By Others, 2018 - 2028F |
7 Sri Lanka Glass Mat Market Import-Export Trade Statistics |
7.1 Sri Lanka Glass Mat Market Export to Major Countries |
7.2 Sri Lanka Glass Mat Market Imports from Major Countries |
8 Sri Lanka Glass Mat Market Key Performance Indicators |
8.1 Adoption rate of glass mat in new construction projects |
8.2 Percentage of repeat customers purchasing glass mat products |
8.3 Number of new product developments and innovations in the glass mat market |
9 Sri Lanka Glass Mat Market - Opportunity Assessment |
9.1 Sri Lanka Glass Mat Market Opportunity Assessment, By Mat Type, 2021 & 2028F |
9.2 Sri Lanka Glass Mat Market Opportunity Assessment, By Binder Type, 2021 & 2028F |
9.3 Sri Lanka Glass Mat Market Opportunity Assessment, By Applications, 2021 & 2028F |
9.4 Sri Lanka Glass Mat Market Opportunity Assessment, By End-use Industry, 2021 & 2028F |
10 Sri Lanka Glass Mat Market - Competitive Landscape |
10.1 Sri Lanka Glass Mat Market Revenue Share, By Companies, 2021 |
10.2 Sri Lanka Glass Mat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |