The Global Glass Mat Reinforced Thermoplastics (GMT) Market was valued at US$ 751.7 Million in 2023 and is projected to reach US$ 895.9 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period (2024–2030). This steady growth is fueled by the automotive industry’s relentless pursuit of lightweighting for improved fuel efficiency and electric vehicle (EV) range, alongside rising demand from the construction and consumer goods sectors for durable, corrosion-resistant materials.

As industries worldwide pivot toward sustainable, high-performance materials, GMT composites are at the forefront, offering an exceptional strength-to-weight ratio and recyclability. In this blog, we profile the Top 10 Companies in the Glass Mat Reinforced Thermoplastics Industry—a mix of chemical giants, materials specialists, and composite innovators shaping the future of lightweight engineering.

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🔟 1. Owens Corning

Headquarters: Toledo, Ohio, USA
Key Offering: Glass Fiber Reinforcements, Composite Solutions

Owens Corning is a global leader in fiberglass and composite materials. The company is a primary supplier of glass mat reinforcements used in GMT, providing the essential fibrous backbone that gives the thermoplastic its strength. Their materials are critical for automotive underbody shields, battery trays for EVs, and construction panels.

Innovation and Sustainability Initiatives:

• Development of high-performance, sustainable glass fibers

• Focus on closed-loop recycling processes for composite materials

• Strong R&D partnerships with automotive OEMs for next-generation applications

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ultracom™ GMT, Engineering Plastics

BASF is a key player in the GMT market with its Ultracom™ product line. These materials combine continuous glass fiber mats with thermoplastic matrices like polypropylene (PP) and polyamide (PA). BASF’s solutions are widely used for producing large, complex, and lightweight structural components.

Innovation and Sustainability Initiatives:

• Expansion of product portfolio for electric vehicle battery systems

• Investment in bio-based and recycled content thermoplastics

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8️⃣ 3. Quadrant (now part of Mitsubishi Chemical Advanced Materials)

Headquarters: Zurich, Switzerland
Key Offering: TEGOCOM® GMT, High-Performance Plastics

Quadrant, a Mitsubishi Chemical Group company, is renowned for its TEGOCOM® GMT materials. These are premium composites used in demanding applications requiring high stiffness, impact resistance, and thermal stability, such as in material handling, automotive, and industrial equipment.

Innovation and Sustainability Initiatives:

• Specialization in customized GMT solutions for specific customer applications

• Focus on developing flame-retardant and high-temperature GMT grades

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7️⃣ 4. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Celstran® LFT, GUR® UHMW-PE, Engineered Materials

Celanese is a major force in engineered materials, offering long-fiber reinforced thermoplastics (LFT) that compete directly with GMT in many applications. Their expertise in polymer chemistry allows them to create high-performance composites for automotive, electronics, and consumer goods.

Innovation and Sustainability Initiatives:

• Advanced compounding technologies for superior fiber-matrix adhesion

• Development of solutions for lightweighting in electric and autonomous vehicles

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6️⃣ 5. Lanxess AG

Headquarters: Cologne, Germany
Key Offering: Tepex® Dynalite, High-Performance Composites

Lanxess produces Tepex® Dynalite, a continuous fiber-reinforced thermoplastic composite. While often used in sheet form similar to GMT, it offers exceptionally high mechanical properties, making it suitable for highly stressed structural components in automotive, sports, and aerospace industries.

Innovation and Sustainability Initiatives:

• Pioneering mass production of composite components using thermoforming

• R&D into hybrid composites combining glass with other fibers like carbon

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5️⃣ 6. Azdel, Inc. (A Joint Venture)

Headquarters: Lansing, Michigan, USA
Key Offering: Azdel® SuperLite, GMT Composites

Azdel, born from a partnership between General Motors and PPG, is a specialist in glass mat thermoplastic composites. Their Azdel® and SuperLite® products are industry standards for automotive applications like load floors, underbody systems, and seat structures, prized for their light weight and performance.

Innovation and Sustainability Initiatives:

• Core focus on automotive lightweighting solutions

• Development of products with high recycled polymer content

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4️⃣ 7. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: STAMAX® LGFPP, Certified Renewable Polymers

SABIC is a global chemical giant offering long glass fiber polypropylene (LGFPP) resins under the STAMAX® brand. These materials are injection molded but serve similar lightweighting purposes as GMT, particularly in large semi-structural automotive parts. SABIC is also advancing the use of renewable feedstocks.

Innovation and Sustainability Initiatives:

• Leading the transition to bio-based and circular polymers

• Extensive R&D in materials for electrification and sustainability

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3️⃣ 8. Jushi Group

Headquarters: Tongxiang, Zhejiang, China
Key Offering: E-Glass, Advantex® Glass Fibers

Jushi Group is one of the world’s largest manufacturers of fiberglass. As a key upstream supplier, they produce the glass fiber rovings and mats that are essential for creating GMT. Their scale and cost-effectiveness make them a critical player in the global composites supply chain.

Innovation and Sustainability Initiatives:

• Continuous expansion of production capacity to meet global demand

• Investment in energy-efficient manufacturing technologies

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2️⃣ 9. Teijin Limited

Headquarters: Osaka, Japan
Key Offering: TEFLEX® GMT, Carbon & Aramid Fibers

Teijin is a diversified technology company with a strong composites business. They offer TEFLEX® GMT, which is used in various industrial and automotive applications. Teijin is also known for its advanced carbon fiber composites, positioning it at the high-end of the reinforcement market.

Innovation and Sustainability Initiatives:

• Development of multi-material solutions combining different fiber types

• Strong focus on sustainability, including recycling technologies for composites

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1️⃣ 10. Solvay (formerly Rhodia)

Headquarters: Brussels, Belgium
Key Offering: Specialty Polymers, Composite Materials

Solvay is a leading supplier of high-performance polymers that serve as the matrix material in many GMT composites. Their expertise in polyamide and other engineering plastics enables the production of GMT with enhanced thermal, chemical, and mechanical properties for demanding environments.

Innovation and Sustainability Initiatives:

• Pioneering bio-based polyamides (e.g., from castor oil)

• Comprehensive portfolio of sustainable solutions aligned with circular economy principles

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Glass Mat Reinforced Thermoplastics Market – View in Detailed Research Report

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🌍 Outlook: The Future of GMT is Smarter, Lighter, and More Sustainable

The Glass Mat Reinforced Thermoplastics market is evolving beyond traditional applications. As the push for sustainability intensifies and new technologies emerge, GMT composites are being re-engineered for a circular, high-tech future.

📈 Key Trends Shaping the Market:

• Electrification Drive: Surging demand for lightweight battery enclosures, underbody panels, and structural components in Electric Vehicles (EVs) to extend driving range.

• Circular Economy Focus: Increased R&D into GMT using recycled polypropylene (rPP) and bio-based polymers, along with developing efficient recycling pathways for end-of-life parts.

• Hybrid Composites: Development of advanced GMT blends incorporating other fibers like natural fibres or carbon fibers to create tailored property profiles for specific applications.

• Process Innovation: Advancements in thermoforming and compression molding technologies to enable faster cycle times, greater design freedom, and cost reduction for high-volume production.

The companies listed above are not only supplying materials—they are enabling the lightweight revolution across global industries, making vehicles cleaner, buildings more efficient, and products more durable.

Get Full Report Here:
Glass Mat Reinforced Thermoplastics Market – View in Detailed Research Report