Market Forecast By Mat Type (Chopped Strand Mat, Continuous Filament Mat), By Binder Type (Emulsion Bonded Glass Mat, Powder Bonded Glass Mat), By Applications (Drywall Tape & Accessories, Flooring Enforcement, Wall Reinforcement, Roofing And Waterproofing, Insulation), By End-use Industry (Marine, Construction, Automotive, Industrial, Others) And Competitive Landscape
Product Code: ETC355050 | 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 Vietnam Glass Mat Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 9.23% in 2025, the market peaks at 10.83% in 2028, and settles at 9.74% by 2029.
Vietnam's Glass Mat market is anticipated to experience a high growth rate of 10.81% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
The Vietnam glass mat market reflects the growing demand for high-performance materials in construction, automotive, and other industries. Glass mat, a versatile reinforcement material, finds applications in composite materials, providing strength and durability. Market trends are shaped by construction projects, infrastructure development, and environmental considerations. Key players in the glass mat market navigate challenges related to raw material costs, regulatory compliance, and technological advancements in composite manufacturing.
The Vietnam Glass Mat market is propelled by the construction and infrastructure development activities in the country. Glass mats find extensive applications in the building and construction industry, particularly in reinforcing composites and providing insulation. The market is also influenced by the growing demand for lightweight and durable materials in construction. Additionally, environmental considerations and the need for sustainable construction practices contribute to the adoption of glass mats in Vietnam. The market`s growth is further supported by innovations in glass mat manufacturing processes and a focus on product performance and quality.
The Vietnam Glass Mat Market grapples with distinctive challenges that impact its development and expansion. Raw material procurement poses a significant challenge, as the market heavily relies on specific types of glass fibers. Fluctuations in raw material prices and the global demand-supply dynamics create uncertainty for manufacturers. Additionally, stringent quality standards and compliance requirements in the construction and automotive sectors, where glass mats are extensively used, necessitate continuous investments in quality control measures, which can strain the financial resources of businesses operating in this market.
The Vietnam Glass Mat Market experienced the impact of the COVID-19 pandemic through disruptions in construction activities and manufacturing processes. With lockdowns and social distancing measures in place, the demand for glass mats in construction and infrastructure projects witnessed a slowdown. As the market adapts to the new normal, there is an increased focus on sustainable building materials and the revival of construction projects. The Vietnam Glass Mat Market is poised for recovery, with a shift towards eco-friendly and energy-efficient solutions.
The Vietnam Glass Mat market sees active involvement from key players focused on manufacturing glass mat products. Companies such as Saigon Glass Fiber Company Limited and Tam Phat Glass Mat Company Limited are prominent players in this segment. Their contributions to the construction and automotive industries, among others, highlight their significance in shaping the Vietnam Glass Mat market.
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 Vietnam Glass Mat Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Glass Mat Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Glass Mat Market - Industry Life Cycle |
3.4 Vietnam Glass Mat Market - Porter's Five Forces |
3.5 Vietnam Glass Mat Market Revenues & Volume Share, By Mat Type, 2021 & 2031F |
3.6 Vietnam Glass Mat Market Revenues & Volume Share, By Binder Type, 2021 & 2031F |
3.7 Vietnam Glass Mat Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.8 Vietnam Glass Mat Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Vietnam Glass Mat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in Vietnam leading to increased demand for glass mat as a construction material |
4.2.2 Rising awareness about the benefits of using glass mat in various industries such as automotive, aerospace, and electronics |
4.2.3 Government initiatives promoting the use of environmentally friendly materials like glass mat in manufacturing processes |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of glass mat |
4.3.2 Lack of skilled labor for the manufacturing and installation of glass mat products in Vietnam |
4.3.3 Competition from alternative materials like fiberglass and carbon fiber affecting the market penetration of glass mat |
5 Vietnam Glass Mat Market Trends |
6 Vietnam Glass Mat Market, By Types |
6.1 Vietnam Glass Mat Market, By Mat Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Glass Mat Market Revenues & Volume, By Mat Type, 2021-2031F |
6.1.3 Vietnam Glass Mat Market Revenues & Volume, By Chopped Strand Mat, 2021-2031F |
6.1.4 Vietnam Glass Mat Market Revenues & Volume, By Continuous Filament Mat, 2021-2031F |
6.2 Vietnam Glass Mat Market, By Binder Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Glass Mat Market Revenues & Volume, By Emulsion Bonded Glass Mat, 2021-2031F |
6.2.3 Vietnam Glass Mat Market Revenues & Volume, By Powder Bonded Glass Mat, 2021-2031F |
6.3 Vietnam Glass Mat Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Glass Mat Market Revenues & Volume, By Drywall Tape & Accessories, 2021-2031F |
6.3.3 Vietnam Glass Mat Market Revenues & Volume, By Flooring Enforcement, 2021-2031F |
6.3.4 Vietnam Glass Mat Market Revenues & Volume, By Wall Reinforcement, 2021-2031F |
6.3.5 Vietnam Glass Mat Market Revenues & Volume, By Roofing And Waterproofing, 2021-2031F |
6.3.6 Vietnam Glass Mat Market Revenues & Volume, By Insulation, 2021-2031F |
6.4 Vietnam Glass Mat Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Glass Mat Market Revenues & Volume, By Marine, 2021-2031F |
6.4.3 Vietnam Glass Mat Market Revenues & Volume, By Construction, 2021-2031F |
6.4.4 Vietnam Glass Mat Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.5 Vietnam Glass Mat Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.6 Vietnam Glass Mat Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Glass Mat Market Import-Export Trade Statistics |
7.1 Vietnam Glass Mat Market Export to Major Countries |
7.2 Vietnam Glass Mat Market Imports from Major Countries |
8 Vietnam Glass Mat Market Key Performance Indicators |
8.1 Number of new construction projects utilizing glass mat in Vietnam |
8.2 Percentage increase in adoption of glass mat in key industries over a period of time |
8.3 Research and development investment in glass mat technology for product innovation and improvement |
9 Vietnam Glass Mat Market - Opportunity Assessment |
9.1 Vietnam Glass Mat Market Opportunity Assessment, By Mat Type, 2021 & 2031F |
9.2 Vietnam Glass Mat Market Opportunity Assessment, By Binder Type, 2021 & 2031F |
9.3 Vietnam Glass Mat Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.4 Vietnam Glass Mat Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Vietnam Glass Mat Market - Competitive Landscape |
10.1 Vietnam Glass Mat Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Glass Mat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |