The global glass
filled nylon market is forecast to reach USD 11.72 Billion by 2026,
according to a new report by Reports and Data. Glass filled nylon is made by
adding powdered glass to the nylon resin or by extruding the plastic with glass
fibers. Glass filled nylon is known for its high hardness, high tensile
strength and low shrinkage at higher temperatures properties. These properties
of the glass filled nylon are increasing their usage in the manufacture of
parts used in various industries such as automotive and aerospace industries.
The market for glass filled nylon
is influenced by the rising demand from the automotive industry. Automotive
industries prefer glass filled nylon because it is an ideal solution for weight
reduction. They are used in application such as parts inside the engine
compartment, engine covers, and under the bonnet of cars.
The Asia Pacific region has a
significant market share during the forecast period due to the booming
industrial sectors. The rising construction activities and flourishing
electronics and electrical industries in the region are driving the market
growth. China and India have the largest consumer of glass filled nylon in the
Asia Pacific region.
To identify the key trends in
the industry, click on the link below:
Further key findings from
the report suggest
- Polyamide 6 held a market share of 62.1% in the year 2018.
The high demand is due to its easy availability and low cost, and it
possesses properties such as high mechanical strength, good tensile
strength, and chemical resistance.
- The injection molding process for glass filled nylon
market accounted for a higher share as well as a higher CAGR of 7.0%
during the forecast period. This process is highly used in the
manufacturing of technical components in the automotive industry.
- The market for “30% glass filled nylon” is estimated
to register the highest CAGR of 7.8% during the forecast period. This type
of glass filling is made by adding polyamide resin and glass fiber. It
provides high rigidity and strength.
- The automotive industry is expected to be the largest
end-use industry of glass nylon with a market share of 61.1% in the year
2018. These are a cheaper solution in comparison to metals.
- The Asia Pacific region held the largest market share
of 49.5% in the year 2018. The booming industrialization and promotion of
electric vehicles, especially in China and India, are propelling the
market growth in the region.
- Key participants BASF SE, Royal DSM N.V., Evonik
Industries, Fukuang Plastic, Nylatech, Akro-Plastic GmbH, Arkema, Ascend,
Asahi Kasei Corporation, and Radici Group, among others.
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For the purpose of this report,
Reports and Data have segmented into the global Glass Filled Nylon market on
the basis of type, manufacturing process, glass filling, application, and
region:
Type Outlook (Volume, Kilo
Tons; Revenue, USD Billion; 2016-2026)
- Polyamide 6
- Polyamide 12
- Polyamide 66
Manufacturing Process Outlook
(Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Injection Molding
- Extrusion Molding
Glass Filling Outlook (Volume,
Kilo Tons; Revenue, USD Billion; 2016-2026)
- >30% glass filled
- 30% glass filled
- 20% glass filled
- 10% glass filled
Applications Outlook (Volume,
Kilo Tons; Revenue, USD Billion; 2016-2026)
- Automotive
- Electrical & Electronics
- Industrial
Regional Outlook (Volume, Kilo
Tons; Revenue, USD Billion; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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