The global glass filled nylon market size will grow by USD 2.89 billion during 2019-2023. This market report provides a detailed analysis of the market by end-users (automotive, industrial, electrical and electronics, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Arkema SA, Asahi Kasei Corp., BASF SE, Evonik Industries AG, and Koninklijke DSM NV.
Key Insights on Glass Filled Nylon Market - Global Forecast 2019-2023
Browse TOC and LoE with selected illustrations and example pages of Glass Filled Nylon Market
Industry Overview
The glass filled nylon market forecast report highlights the growing demand for polyamide 6 as one of the significant factors responsible for the growth of the market. Polyamide 6 or glass-filled nylon 6 is known for its superior properties, such as improved surface appearance, reduced tensile strength and stiffness, low moisture absorption, and high resistance to oils, bases, fungi, and several solvents. Properties such as high rigidity, mechanical strength, creep strength, hardness, and toughness have also increased its application in the automotive sector. Polyamide 6 is also used in various other applications, including snowboards, jet engine closures, brake and transmission friction parts, gaskets, fuel line connectors, motor parts, coolant pumps, bushings, charge air coolers, and bearing pads in aircraft engines. The superior properties of polyamide 6 will boost its popularity among end-users, fueling the growth of the market.
The growing demand for glass filled nylon in electrical and electronics applications will be one the critical glass filled nylon market trends driving the growth of the market. Glass filled nylon exhibit excellent mechanical as well as electrical properties. It has good dielectric strength, excellent insulation properties, toughness, high tensile and impact strength, creep and fatigue resistance, low emission, and flame-retardant characteristics. These properties make glass filled nylon ideal for use in the manufacturing of electrical and electronic components, such as motherboard, connectors, terminal blocks, circuit breaker, and power tool housing. It is also used in the form of specialty plastics in consumer electronic goods, such as DVD systems, mobile phones, personal computers, and TV sets. With increasing business and portfolio expansions by consumer electronics manufacturers across the world, the demand for electrical and electronic products will also grow. This will subsequently drive the need for glass filled nylon. Such factors will boost the growth of the glass filled nylon market at a CAGR of almost 7% during the forecast period.
Top Companies in Glass Filled Nylon Market
The global market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this glass filled nylon market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of future growth opportunities.
The report offers a detailed analysis of several leading glass filled nylon manufacturers, including:
- Arkema SA
- Asahi Kasei Corp.
- BASF SE
- Evonik Industries AG
- Koninklijke DSM NV
Market Segmentation
Glass Filled Nylon Market by End-users
- Automotive
- Industrial
- Electrical and electronics
- Others
The automotive industry will account for the highest glass filled nylon market share. The superior properties of glass filled nylon such as high creep resistance, high tensile strength and stiffness, and low thermal expansion coefficient will fuel its demand from the automotive sector. This market research report provides an accurate prediction of the contribution of all the segments to the growth of the glass filled nylon market size.
Glass Filled Nylon Market by Region
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for companies, it has been identified that APAC will account for the highest share of the glass filled nylon market throughout the forecast period. The rising automotive production, growing construction industry, and increasing demand for electrical and electronics products are some of the factors contributing to the glass filled nylon market growth in this region.
Major Highlights of the Glass Filled Nylon Market - Global Forecast 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the glass filled nylon market during the next five years
- Precise estimation of the global glass filled nylon market worth and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the glass filled nylon industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of glass filled nylon companies
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