New York, NY -- (SBWire) -- 03/12/2021 --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.
Top Players Covered in the Report Include:
BASF SE
Royal DSM N.V.
Evonik Industries
Fukuang Plastic
Nylatech
Akro-Plastic GmbH
Arkema
Ascend
Others
These factors mentioned above collectively create opportunities for the market growth while factors such as shortage of polyamide 66 pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. 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.
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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.
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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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Major highlights of the global Glass Filled Nylon market report:
Get intricate knowledge of the Glass Filled Nylon market.
The factors are segmented into drivers and restraints. Also, there has been made segmentation and sun-segmentation of the market's aspects, like product types, services, regions, and competitive landscape.
It provides a comprehensive analysis to help new entrants strategize and optimize their strengths and neutralize their weaknesses.
Accelerates decision making in view of noteworthy and assessing information also the drivers and limitations available of the market
The report depicts all the analytical details in a well-structured manner, for example, in the statistics, graphs, tables, through which users can more easily grasp detailing. Moreover, it discusses accurate forecasts and gives a detailed research methodology.
To summarize, the global Glass Filled Nylon market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.
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Table of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Glass Filled Nylon Market Segmentation & Impact Analysis
4.1. Glass Filled Nylon Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increase in demand for glass filled nylon from the automotive industry
4.2.2.2. Superior properties offered by glass filled nylon
4.2.3. Market restraints analysis
4.2.3.1. Shortage of polyamide 66
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Chapter 5. Glass Filled Nylon By Type Insights & Trends
5.1. Type Dynamics & Market Share, 2019 & 2026
5.2. Polyamide 6
5.2.1. Market estimates and forecast, 2016 – 2026 (Kilo Tons) (USD Billion)
5.2.2. Market estimates and forecast, By Region, 2016 – 2026 (Kilo Tons) (USD Billion)
5.3. Polyamide 12
5.3.1. Market estimates and forecast, 2016 – 2026 (Kilo Tons) (USD Billion)
5.3.2. Market estimates and forecast, By Region, 2016 – 2026 (Kilo Tons) (USD Billion)
5.4. Polyamide 66
5.4.1. Market estimates and forecast, 2016 – 2026 (Kilo Tons) (USD Billion)
5.4.2. Market estimates and forecast, By Region, 2016 – 2026 (Kilo Tons) (USD Billion)
Chapter 6. Glass Filled Nylon By Manufacturing Process Insights & Trends
Continued…..
Glass Filled Nylon Market Driven by Expanding Demand for Premium Types, End Users & Application, 2028 : Evonik Industries, Fukuang Plastic, Nylatech, Akro-Plastic GmbH.
Glass Filled Nylon Market Size – USD 7.05 Billion in 2018, Market Growth - CAGR of 6.6%, Market Trends – Usage in Electric Vehicles to reduce curb weight.