GLASS MAT THERMOPLASTIC MARKET ANALYSIS

Market News

Key Developments

• In October 2019, Solvay SA, a manufacturer of advanced material and chemicals opened a two new innovation centers in Georgia, U.S. and Brussel, Belgium for research and development of thermoplastic composites.
• In May 2015, Hanwha Azdel Inc., a manufacturer of glass mat thermoplastic composite materials, increased capacity of Azdel SuperLite lightweight reinforced thermoplastic which consists of glass-mat thermoplastic composites in Virginia, U.S. owing to growing consumer demand.
• In June 2012, Hanwha Azdel Inc. announced construction of new thermoplastic composites including glass mat thermoplastic composite for the heavy truck, recreational vehicles and industrial customers in Bugang Plant, South Korea.