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

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

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 metals.
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 sean.lofgren@lucintel.com.
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
www.lucintel.com .
SOURCE Lucintel

Sean Lofgren, director of business development, Lucintel, +1-972-620-8888,
sean.lofgren@lucintel.com