Global Glass Mat Thermoplastics Market to Surpass One Half Billion Dollars by 2013

Jun 20, 2008, 01:00 ET from Lucintel

    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
 dynamic market.
     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
     About Lucintel
     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 .

SOURCE Lucintel