The Global Glass Mat Thermoplastics (GMT) Market was valued at USD 797 million in 2023 and is projected to reach USD 986.64 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 2.40% during the forecast period (2024–2032). This growth is driven by rising demand from automotive, construction, and marine sectors seeking sustainable, high-performance material solutions.

As industries shift toward lightweighting and circular economy principles, GMT composites are gaining prominence for their superior mechanical properties and recyclability. This report profiles the Top 10 Companies in the Glass Mat Thermoplastics Industry—global innovators shaping the future of advanced composite materials.

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🔟 1. Hanwha Solutions

Headquarters: Seoul, South Korea
Key Offering: Polypropylene (PP) GMT, Polyamide (PA) GMT

Hanwha delivers high-performance GMT materials through advanced compression molding technologies, serving major automotive OEMs worldwide with lightweight components that reduce vehicle weight by up to 30% versus steel alternatives.

Innovation Focus:

• EV-specific GMT formulations with enhanced impact resistance

• Industry-leading 95% material utilization rate in production

• Patented hybrid GMT-PA6 materials for under-hood applications

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Glass Mat Thermoplastics (GMT) Market – View in Detailed Research Report

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9️⃣ 2. Quadrant Plastic Composites

Headquarters: Lenzburg, Switzerland
Key Offering: GMTex® custom composite solutions

Quadrant engineers GMT materials with optimized fiber orientation for specific load paths, achieving up to 40% weight reduction in structural automotive components while maintaining crash performance.

Innovation Focus:

• Tailored modulus properties (3-8 GPa range)

• Integrated functional elements (mounts, clips, fasteners)

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8️⃣ 3. Mitsubishi Chemical Advanced Materials

Headquarters: Tokyo, Japan
Key Offering: KyronMAX® structural GMT

Mitsubishi’s proprietary GMT formulations enable complex geometries with wall thicknesses from 1.5-8mm, serving Japanese automakers requiring precision-molded components with Class A surface finishes.

Innovation Focus:

• Closed-loop recycling systems for production scrap

• Low-warpage materials for large structural parts

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7️⃣ 4. Tencate Advanced Composites

Headquarters: Nijverdal, Netherlands
Key Offering: Cetex® aerospace-grade GMT

Tencate supplies certified GMT materials for aircraft interiors, meeting stringent flammability (FAR 25.853) and smoke/toxicity requirements while reducing part weight by 25-35% versus aluminum.

Innovation Focus:

• Continuous fiber hybrid GMT for primary structures

• Automated layup technologies for complex aerospace components

Download FREE Sample Report:
Glass Mat Thermoplastics (GMT) Market – View in Detailed Research Report

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6️⃣ 5. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: SIGRAPREG® customized GMT prepregs

SGL develops GMT materials with fiber volume contents from 20-50%, enabling manufacturers to precisely balance mechanical properties against processing requirements.

Innovation Focus:

• In-situ polymerization GMT for ultra-large components

• Smart GMT with embedded sensor capabilities

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5️⃣ 6. Lanxess

Headquarters: Cologne, Germany
Key Offering: Tepex® hybrid GMT composites

Lanxess integrates GMT with continuous fiber reinforcements to create hybrid materials achieving tensile strengths over 300 MPa—comparable to aluminum at half the weight.

Innovation Focus:

• Crash-optimized energy absorption structures

• One-shot molding for multifunctional assemblies

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4️⃣ 7. BASF

Headquarters: Ludwigshafen, Germany
Key Offering: Ultramid® engineering GMT

BASF’s glass mat thermoplastics demonstrate exceptional flow characteristics, filling complex molds while maintaining fiber lengths over 25mm for optimal mechanical performance.

Innovation Focus:

• 30% bio-based GMT formulations

• High-flow materials for thin-wall applications

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3️⃣ 8. PlastiComp

Headquarters: Winona, Minnesota, USA
Key Offering: Long fiber GMT compounds

PlastiComp’s patented compounding technology produces GMT with fiber lengths exceeding 50mm—double industry average—delivering superior impact resistance for automotive underbody shields.

Innovation Focus:

• In-line compounding for custom formulations

• Fiber length optimization algorithms

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2️⃣ 9. DSM Engineering Materials

Headquarters: Heerlen, Netherlands
Key Offering: Arnite® high-performance GMT

DSM supplies GMT materials meeting stringent automotive OEM specifications for fogging (<2mg), odor (≤3.5), and VOC emissions—critical for interior applications.

Innovation Focus:

• Laser-markable GMT formulations

• Flame-retardant grades with UL94 V-0 rating

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1️⃣ 10. PolyOne Corporation

Headquarters: Avon Lake, Ohio, USA
Key Offering: Specialty additive GMT solutions

PolyOne develops conductive GMT compounds with surface resistivities from 10³-10⁹ Ω/sq for EMI shielding in electric vehicle battery enclosures and electronic housings.

Innovation Focus:

• Anti-static GMT for fuel system components

• Custom color matching for visible parts

Get Full Report Here:
Glass Mat Thermoplastics (GMT) Market – View in Detailed Research Report

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🌍 Outlook: The Evolving GMT Landscape

The GMT market is transitioning toward higher-performance applications, with material innovations unlocking opportunities beyond traditional automotive uses.

📈 Market-Shaping Developments:

• Next-gen electric vehicles adopting GMT for structural battery enclosures (30% weight savings vs steel)

• Construction sector utilizing GMT for modular building panels with integrated insulation (R-values up to 4.0 per inch)

• Marine applications benefiting from GMT’s corrosion resistance (5000+ hour salt spray performance)

• Industry 4.0 integration enabling real-time process monitoring during compression molding

Get Full Report Here:
Glass Mat Thermoplastics (GMT) Market – View in Detailed Research Report

These market leaders are driving a material revolution that is redefining lightweight design across multiple industries while supporting sustainability goals through recyclable material solutions.