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Glass Filled Nylon Market Report
The Glass Filled Nylon Market is Segmented by Type (Polyamide 6, Polyamide 66, and Others), by End-Use Industry Type (Automotive, Electrical & Electronics, Industrial, and Others), by Manufacturing Process Type (Injection Molding, Extrusion Molding), by Gas Filling Type...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Glass Filled Nylon Market is likely to witness a healthy CAGR of 5.8% during the forecast period. The prime factor contributing to the demand for glass filled nylon is majorly propelled by its higher acceptance among the automotive, electrical & electronics, construction, and industrial sectors.
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Glass Filled Nylon Market - Snapshot |
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Growth |
5.8% for the next five years |
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Major Glass Filled Nylon Type |
Polyamide 6 |
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Major End-Use Industry |
Automotive |
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Major Manufacturing Process Type |
Injection Molding |
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Major Glass Filling Type |
30% Glass filled Nylon |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
BASF SE, Asahi Kasei Corporation, Lanxess, DowDuPont Inc, Royal DSM N.V., Ensinger GmbH, Arkema, SABIC, Evonik, and Ascend Performance Materials |
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Based on the type, the market is segmented as polyamide 6, polyamide 66, and others. The polyamide 6 segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period owing to its easy availability, low cost, and its exceptional properties, such as high mechanical strength, good tensile strength, and chemical resistance.
Based on the end-use industry type, the market is segmented as automotive, electrical & electronics, industrial, and others. The automotive segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Glass-filled nylon is used in the automotive industry for weight reduction measures. The weight of glass filled nylon is less in comparison to the metals hence, glass filled nylon is used in applications such as automotive engine covers, parts inside the engine compartment, and under the bonnet of cars.
Based on the manufacturing process type, the market is segmented as injection molding and extrusion molding. The injection molding segment held the larger share of the market in 2019, and is expected to experience a faster growth during the forecast period owing to the ease of manufacturing of glass-filled nylons through injection molding process.
Based on the glass filling type, the market is segmented as 10% glass filled, 20% glass filled, 30% glass filled, and >30% glass filled. The 30% glass filled segment held the largest share of the market in 2019, owing to the mixed properties of both, polyamide resin and glass fiber, which make it suitable for the automotive industry. The segment is likely to dominate the market during the forecast period as well.
In terms of regions, Asia-Pacific is estimated to be the largest and the fastest-growing glass filled nylon market during the forecast period owing to the accessibility of low-cost labor and raw materials. The region’s market is driven by rising spending power, which is a major driver for the regional market. China, being the single-largest consumer of glass-filled nylon in the electrical & electronics industry, is one of the leading consumers of glass-filled nylon in the entire Asia-Pacific region. The rapid growth of the automotive industry, huge unpenetrated market, and supportive government policies are boosting the growth of the region’s market.
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Glass-filled nylon is prepared by extruding the plastic with glass fibers or by adding powdered glass to the nylon resin. Known for their mechanical properties such as high tensile strength, low shrinkage at higher temperatures, glass filled nylons provide better strength than general purpose nylons, but are highly abrasive and can abrade or gall mating surfaces.
The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Glass Filled Nylon Market Research Report - Features |
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|---|---|
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The glass filled nylon market is segmented into the following categories.
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Some of the major players in the glass filled nylon market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The glass filled nylon market is expected to witness an impressive growth of 5.8% CAGR in the foreseeable future.
BASF SE, Asahi Kasei Corporation, Lanxess, DowDuPont Inc, Royal DSM N.V., Ensinger GmbH, Arkema, SABIC, Evonik, and Ascend Performance Materials are among the key players in the glass filled nylon market.
Asia-Pacific is expected to be the largest glass filled nylon market during the next five years.
The automotive segment is expected to remain the dominant end-use industry type in the coming years.
The polyamide 6 segment is expected to remain dominant in the glass filled nylon market during the next five years.
The injection molding segment is expected to experience a faster growth in the glass filled nylon market in the next five years.
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