12-Jan-2021 | Zion Market Research
As per Zion Market Research, the glass filled nylon market was valued at USD 8.5 billion in 2019 and is expected to reach USD 11.3 billion by 2025 with a CAGR of 6.1% in the forecast period. The market is developing owing to the high requirement from the industrial, automotive, and electrical & electronics sectors.
The glass filled nylon market includes major players such as Asahi Kasei Corporation, BASF SE, DowDuPont Inc, Lanxess, Ensinger GmbH, Royal DSM N.V., SABIC, Arkema, Ascend Performance Materials, and Evonik.
Automotive Projected To The Biggest End-Use Sector Of Global Glass Filled Nylon In The Forecast Period
Automotive is the biggest end-use industry for the global market. Glass filled nylon is a perfect option for lowering vehicle weight. It is fast restoring metal components in the automotive sector owing to the ease of mass manufacturing along with ease in molding the parts. Polyamides are also affordable in unit price compared to metals, which make them a cheaper option. Glass filled nylon is employed in applications such as parts within the engine compartment, automotive engine covers, and below the bonnet of cars.
Polyamide 6 Predicted To Be The Biggest Type Of The Global Market In The Coming Years
Polyamide 6 is the most broadly employed glass filled nylon owing to its low price and easy availability. It also provides superior characteristics such as high mechanical strength, good tensile strength, and chemical resistance. These characteristics make polyamide 6 glass filled nylon broadly employed in the electrical & electronics and automotive sectors.
Injection Molding Segment Expected To Clock Maximum CAGR In The Years To Come
The injection molding section added up for a primary share of the global market and is expected to clock a maximum CAGR in the years to come. The ease of producing glass filled nylon via this process is projected to boost the growth of the global market.
Asia Pacific Projected To Lead The Global Market From 2019 To 2025
Asia Pacific is a major region for the global glass filled nylon market owing to the booming industrial and electrical & electronics industries. China is one of the major users of glass filled nylon in this region. The nation has turned out to be the single-biggest user of glass filled nylon in the electrical & electronics sector and is projected to power its market status.
Browse the full “Glass Filled Nylon Market: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/glass-filled-nylon-market
The global glass filled nylon market is segmented as follows:
By end-use industry
By manufacturing process
By glass filling
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