Global GMT Market 2008–2013: Trend, Forecast, and Opportunity Analysis, June2008
Published: June 2008, Total 265 pages, 230 figures/charts and 45 tables.
Glass-mat thermoplastics (GMTs) are becoming the material of choice for many automotive
applications. Compared to metals, GMTs have higher strength-to-weight ratios and
impact resistance. GMTs offer greater design flexibility and better resistance to
chemicals and corrosion. They are also electrically insulating and have relatively
high stiffness and good dimensional stability. GMTs are challenging traditional
sheet-molding compounds (SMCs) as well. GMTs have shorter molding cycle times and
an infinite shelf life, whereas thermoset SMCs need controlled storage and have
a limited life. GMTs are also lighter and more ductile than their SMC counterparts
and better resist impact at both high and low temperatures.
During 1970’s and 1980’s, glass-mat thermoplastic composites were
nearly the only option for engineers searching for increased stiffness, strength,
and toughness. During 1990’s, GMT market suffered from advancements in steel materials
but since early 2000, the industry dynamics have changed and GMT suppliers have
invented new materials (Advanced GMT) to regain their legacy. Advanced GMT is currently
geared toward nonstructural interior parts such as headliners, load floors, sunshades,
and trunk liners. Lucintel estimates that Advanced GMT will be adopted by Automotive
industry for exterior panels in near future. Advanced GMT is also a more environmentally
friendly, recyclable alternative to conventional PVC under-body corrosion barriers.
Lucintel forecasts global GMT market to grow at estimated 7% annually
(CAGR) in next 5 years to reach to a market size of over $500 million. Growth will
be driven by more applications of Advanced GMT materials, which will realize double
digits growth.
This unique 265 page report from Lucintel provides all the valuable information
and tools that you may need in operating your business successfully in the GMT market.
In today’s global economy, you need every advantage that you can find to keep you
ahead in your business. Learn about current trends, identify key players, and explore
the directions that the GMT market is heading.
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