NEW YORK , Oct. 28, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global fiberglass mat market size is estimated to grow by USD 2.29 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 5.8% during the forecast period. Growth of construction industry is driving market growth, with a trend towards increasing number of strategic partnerships by market vendors.
However, rising demand of viable alternatives to fiberglass mats poses a challenge.Key market players include 3B the fiberglass Co., 3M Co.
, BASF SE, Berkshire Hathaway Inc., Canadian Mat Systems Inc., China Beihai Fiberglass Co.
Ltd., China Jushi Co. Ltd.
, Compagnie de Saint-Gobain S.A., Huatek New Material Inc.
, Jiangsu Changhai Composite Materials Holding Co. Ltd, Nippon Electric Glass Co. Ltd.
, Nitto Boseki Co. Ltd., Owens Corning, Primex Industries, Shanghai Hoprime Industrial Co.
Ltd., Valmieras Stikla Skiedra AS, Yuyao Feitian Fiberglass Co. Ltd.
, and Zhejiang Weitong Composite Co. Ltd. Key insights into market evolution with AI-powered analysis.
Explore trends, segmentation, and growth drivers- View the snapshot of this report Market Driver The global fiberglass mat market is experiencing a significant trend of strategic partnerships and acquisitions among key players. For instance, a roofing products company recently acquired a fiberglass mat manufacturing facility from Owens Corning in Williamsport, Maryland . This acquisition is a strategic move to .