According to a recent report by Reports and Data, the glass filled nylon market is projected to reach USD 11.72 billion by 2026. Glass filled nylon encompasses various products such as fibers, thermoplastic, resin, and yarns, among others. Its applications span across industries like automotive (especially in electric vehicles), electrical and electronics, and the industrial sector. This is due to its exceptional properties, including high creep resistance, strength, dimensional stability, rigidity, and chemical resistance. However, the glass filled nylon market growth may be affected by the shortage of polyamide 66.
The automotive industry is one of the fastest-growing industries globally and is a major export product worldwide. However, manufacturers face concerns regarding the heavy weight of vehicles due to larger battery packs. In comparison to metals used for vehicle components, glass filled nylon offers a significant advantage with its lower weight, making it an attractive option for manufacturers.
The Asia Pacific region plays a vital role in the glass filled nylon market and is expected to maintain a steady growth rate in the forecast period, driven by the growing automotive industry in the region. Additionally, technological advancements occurring in the region contribute to the market's growth. Key players in the region are actively focusing on new technological developments to support the expansion of the glass filled nylon market in the area.
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Companies considered and profiled in this market study
BASF SE, Royal DSM N.V., Evonik Industries, Fukuang Plastic, Nylatech, Akro-Plastic GmbH, Arkema, Ascend, Asahi Kasei Corporation, and Radici Group, among others.
Notable Innovation of Glass Filled Nylon Market
One notable innovation in the Glass Filled Nylon market is the development of advanced glass-filled nylon composites. These composites offer enhanced mechanical properties, such as increased strength, toughness, and rigidity, making them ideal for various high-performance applications.
Another significant innovation is the integration of glass-filled nylon in the automotive industry, particularly in electric vehicles (EVs). The lightweight nature of glass-filled nylon components reduces the overall vehicle weight, improving energy efficiency and extending the driving range of electric cars.
Manufacturers have also made strides in enhancing the flame retardancy of glass-filled nylon materials, making them safer for use in electrical and electronics applications.
Furthermore, the incorporation of recycled glass fibers and sustainable raw materials in the production of glass-filled nylon demonstrates the industry's commitment to environmental sustainability.
Lastly, continuous research and development efforts have led to the discovery of novel processing techniques and improved formulations, optimizing the manufacturing process and expanding the range of applications for glass-filled nylon in various industries.
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Segments covered in the report:
Segments covered by Application Outlook, End-use Industry, Regional Outlook
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 filed
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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