After a decline in the year 2020, the glass mat market is set to grow at a healthy CAGR of 5.0% during the forecast period, assisting the industry stakeholders to reach a landmark figure of US$ 1.7 billion in 2026. An expected recovery in the construction spending, expected rebound in automobile production coupled with an incessant shift from traditional materials to lightweight composite materials, and an increase in the infrastructure investments related to pipes are likely to rejuvenate the demand for glass mats across regions.
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