Glass Filled Nylon Market Scope

The scope of the glass filled nylon market includes the use of glass filled nylon in various industries such as automotive, electrical and electronics, industrial machinery, and consumer goods. This material is known for its high strength, stiffness, and dimensional stability, making it suitable for a wide range of applications. The market for glass filled nylon is expected to grow in the forecasted period due to the increasing demand for lightweight and high-strength materials in various industries. 

According to the new market research report "Glass Filled Nylon Market by Type (Polyamide 6, Polyamide 66),End Use Industry(Automotive, Electrical & Electronics, Industrial), Manufacturing Process(Injection Molding, Extrusion Molding), Glass Filling and Region Global Forecast to 2024", published by MarketsandMarkets™, the Glass Filled Nylon Market size is estimated to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% during the forecast period. The glass filled nylon market is witnessing significant growth because of the growing demand from industries such as industrial, automotive, and electrical & electronics. Glass filled nylon provides various superior properties such as high strength, dimensional stability, high creep resistance, and chemical resistance.

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Glass Filled Nylon Market Drivers & Restraints 
 

The glass filled nylon market is driven by factors such as the increasing use of glass filled nylon in automotive and industrial applications, as well as its high strength and durability. Additionally, the use of glass filled nylon in electrical and electronic applications is also driving the market growth.

However, there are also some restraints to the market growth, including the high cost of raw materials and the availability of alternatives such as carbon fiber reinforced plastic (CFRP). Additionally, the market growth is also hindered by the lack of awareness about the benefits of glass filled nylon among end-users. 

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Glass Filled Nylon Market Key Players

Major players in the Glass Filled Nylon Market include -

  • BASF SE (Germany)
  • Asahi Kasei Corporation (Japan)
  • Lanxess (Germany)
  • DowDuPont Inc. (US)
  • Royal DSM N.V. (Netherlands)
  • Ensinger GmbH (Germany)
  • Arkema (France)
  • SABIC (Saudi Arabia)
  • Evonik (Germany)
  • Ascend Performance Materials (US)

Glass Filled Nylon Market Segmentation

Glass filled nylon, also known as reinforced nylon, is a type of plastic that is reinforced with glass fibers to increase its strength and rigidity. The market for glass filled nylon can be segmented based on several factors including:

On the basis of type

  • Polyamide 6
  • Polyamide 66
  • Others (polyamide 11, polyamide12, and other specialty polyamides)

Polyamide 6 is the most widely used glass filled nylon.

Polyamide 6 is the most widely used polymer in the making of glass filled nylon. In terms of value and volume, polyamide 6 is the most widely used glass filled nylon due to its easy availability and low price. It also offers superior properties such as good tensile strength, high mechanical strength, and chemical resistance. These properties make polyamide 6 based glass filled nylon suitable for various applications in the automotive and electrical & electronics industries.

On the basis of end-use industry

  • Automotive
  • Electrical & Electronics
  • Industrial
  • Others (aerospace, construction, and marine)

The automotive end-use segment accounted for the largest share of the glass filled nylon market in 2019. 

Automotive is an important end-use industry segment of the glass filled nylon market. Glass filled nylon is an ideal solution for vehicle weight reduction. It is fast replacing metal parts in the automotive industry due to the ease of mass production as well as ease in molding it. Polyamides are also cheaper in unit cost in comparison to metals, which make them an economic alternative. Glass filled nylon is used in applications such as automotive engine covers, parts inside the engine compartment, and under the bonnet of cars.

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On the basis of manufacturing process

  • Injection Molding
  • Extrusion Molding

On the basis of glass filling

  • 10% Glass Filled
  • 20% Glass Filled
  • 30% Glass Filled
  • > 30% Glass Filled

On the basis of region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America

APAC is expected to be the largest market for glass filled nylon during the forecast period.

APAC is the largest glass filled nylon market, in terms of value and volume. China, India, and Japan are the fast-growing economies that contribute to the growth of the market in the region. The booming electrical & electronics and industrial sectors are also bolstering the Glass Filled Nylon Market in APAC. China is one of the prominent consumers of glass filled nylon in APAC. The country has become the single-largest consumer of glass filled nylon in the electrical & electronics industry, which is expected to strengthen its position further.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward-looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed based on how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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