Global Glass Filled Nylon Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 6.3 % during forecast period.
Global Glass Filled Nylon Market
Demand for glass filled nylon is applied in automotive industry, research & development by the key players to improve quality of the products. It also suitable for a wide range of application in global market. The demand for glass filled nylon is expected to gain potential during the forecast period owing to its characteristics like high rigidity, high mechanical strength, a high degree of hardness and toughness.
However, the major factor restraining the growth of the market is the excessive cost and easy availability of substitutes in the market. Similarly, the Asia Pacific region will provide an opportunity for the market players over the forecast period because of rapid industrialization and growth in the automotive sector.
Polyamide 6 segment is estimated to witness significant growth during the forecast period. The unique properties of polyamide 6 create it a cost-effective substitute for materials like steel, bronze, brass, gunmetal, aluminum, plastics, and rubbers. These properties attract electrical protection device manufacturers to use PA 6 in their help. Increase in scope of application of the product over the past few years has established its reliability, utility, and supportive economics based on cost and performance.
Automotive was expected as the largest application segment in 2018, followed by engineering plastics and textiles. Nylon composites are used to upsurge the environmental sustainability of automotive parts and to reduce the weight of automotive components.
The Asia Pacific held a significant share of the glass filled nylon market in 2018. The market in the region is estimated to increase at a rapid pace during the forecast period. Abundant availability of raw materials like caprolactam, favorable manufacturing regulations, increase in government initiatives, rapid growth in population, and expansion in electrical & electronics and industrial sectors are prominent factors anticipated to augment the demand for glass-filled nylon in the Asia Pacific. China and India are the prominent countries projected to constitute large share the glass filled nylon market in the APAC during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Glass Filled Nylon Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Glass Filled Nylon Market.
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Scope of the Global Glass Filled Nylon Market
Global Glass Filled Nylon Market, By Type
• Polyamide 6
• Polyamide 66
• Others
Global Glass Filled Nylon Market, By End-Use Industry
• Automotive
• Electrical & Electronics
• Industrial
• Other
Global Glass Filled Nylon Market, By Manufacturing Process
• Injection Molding
• Extrusion Molding
Global Glass Filled Nylon Market, By Glass Filling
• 10% Glass Filled
• 20% Glass Filled
• 30% Glass Filled Nylon
• 30% Glass Filled
Global Glass Filled Nylon Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key Players operating in Global Glass Filled Nylon Market
• BASF SE
• Asahi Kasei Corporation
• Lanxess
• Dowdupont Inc.
• Royal DSM N.V.
• Ensinger GmbH
• Arkema
• SABIC
• Evonik Industries
• Ascend Performance Materials
• Fukuang International (HK) Limited
• Steklonit Jsc
• Emco Industrial Plastics, Inc.
• Nylatech
• RTP Company
• Akro-Plastic GmbH
• Radici Group
• Domo Chemicals
• EMS Grivory
• Quadrant
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