DALLAS, June 20 /PRNewswire/ -- In a race to reduce fuel consumption
and improve financial returns, the automotive industry is rediscovering
glass mat thermoplastic (GMT) materials. A novel option in the 1970s and
'80s to improve mechanical properties, GMT materials lost favor to
advancements in steel during the '90s. Since 2000, GMTs have mounted a
comeback, reaffirming their greater design flexibility, impact and
corrosion resistance, and higher strength-to-weight ratios compared to
The automotive industry, the core market for glass mat thermoplastic
(GMT) composite, provides significant market pressure for innovation and
evolution. The need to reduce fuel consumption and to improve profits --
particularly in slow North American and European markets -- has made cost
and weight reduction high priorities.
The global GMT market is expected to grow at an estimated 7.0% compound
annual growth rate (CAGR) during the next five years (2008-2013). In 2013,
total global GMT material market is estimated to reach over one half
billion dollars according to Lucintel. The highest growth will be in the
lightweight/low-density reinforced thermoplastic (advanced GMT) material
segment. Traditional GMT materials, typically constructed of glass fiber
and polypropylene, are expected to grow moderately during the same period.
A variety of non-automotive applications as well as new Advanced GMTs are
poised for significant growth.
Lucintel's new groundbreaking market study, "Global GMT Market
2008-2013: Trend, Forecast, and Opportunity Analysis," identifies more than
a dozen applications and provides in-depth information on the
above-mentioned markets where there will be significant annual growth for
glass mat thermoplastic composites in the next five years.
This 260-page research report also contains regional market and
competitive analyses, trends, forecasts, and profiles of molders and
material suppliers to help your company capture the opportunities in this
For a detailed table of contents and pricing information on this timely
and insightful report, please contact Sean Lofgren, director of business
development, at 972-620-8888 or via email at email@example.com.
Lucintel is a global market research and management consulting firm
providing market assessments, opportunity analysis, new technology/product
evaluations, and due diligence services to corporate executives and key
decision-makers in a variety of industries, such as composites, plastics,
fiber, automotive, aerospace, marine, energy, sporting goods, chemical,
pipe, tank, and construction. Over the last 10 years, Lucintel has served
over 600 corporations in 70 countries. For further information, visit