LONDON--(BUSINESS WIRE)--The global glass filled nylon market size is poised to reach USD 2.89 billion by 2023, according to a new report by Technavio, progressing at a CAGR of 7% during the forecast period.
Read the 129-page research report with TOC on "Glass Filled Nylon Market Analysis Report by End-user (automotive, industrial, electrical and electronics, others) and geographical regions (North America, Europe, APAC, South America, and MEA) 2019 - 2023". Request Free Sample Pages
The market is driven by the growing demand for polyamide 6 or glass-filled nylon 6 as it is otherwise known. In addition, the increasing demand for glass-filled nylon from automotive manufacturers is anticipated to further boost the glass-filled nylon market during the forecast period.
Polyamide 6, or glass filled nylon 6, is a tough and abrasive material. Polyamide 6 is used in various applications such as snowboards, jet engine closures, brake, and in commercial fiber, which are used in the manufacture of carpets, seatbelts, and tire reinforcements. Polyamide 6 is preferred due to its several properties which include improved surface appearance, reduced tensile strength and stiffness, good resistance to oils, bases, fungi, and many solvents, and reduced moisture absorption. All these factors are expected to boost the demand for glass filled nylon during the forecast period, leading to market growth.
Furthermore, glass filled nylon is a material that can be used to replace metal components in the automotive industry, as glass-filled nylon-based plastics and composites are durable, lightweight materials. These materials are used in automotive structural components as well as in exterior and interior components. Therefore, the increasing production of vehicles will increase the demand for glass-filled nylon-based automotive components, which will further drive the growth of the global glass filled nylon market.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Arkema SA
- Asahi Kasei Corp.
- BASF SE
- Evonik Industries AG
- Koninklijke DSM NV
Market Segmentation by Category and Product Types:
The Glass Filled Nylon Market can be broadly categorized into the following end-user segments:
- Electrical and electronics
Key Regions for the Glass Filled Nylon Market:
Featuring a breakdown of region wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
Market segmentation analysis
- Market definition
Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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