Increasing demand for North America Glass Filled Nylon from automotive and electrical electronics is propelling the market growth.
North America Glass Filled Nylon Market Size – USD 7.05 Billion in 2018, Growth - CAGR of 6.6%, Trends – Usage in Electric Vehicles to reduce curb weight.
-The global North America Glass Filled Nylon Market is forecast to reach USD 11.72 Billion by 2026, according to a new report by Reports and Data. North America Glass Filled Nylon is made by adding powdered glass to the nylon resin or by extruding the plastic with glass fibers. North America Glass Filled Nylon is known for its high hardness, high tensile strength and low shrinkage at higher temperatures properties. These properties of the North America 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 North America Glass Filled Nylon is influenced by the rising demand from the automotive industry. Automotive industries prefer North America 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.
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.
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Top Leading Players: BASF SE, Royal DSM N.V., Evonik Industries, Fukuang Plastic, Nylatech, Akro-Plastic Gmbh, Arkema, Ascend, Asahi Kasei Corporation, And Radici Group, Among Others.
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 North America 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% North America 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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Market Segmentation:
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:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key Questions Covered In The Global North America Glass Filled Nylon Market Report:
- What Is The Expected Market Size Of The Global North America Glass Filled Nylon Market During The Forecast Period?
- What Factors Are Expected To Hamper Global North America Glass Filled Nylon Market Growth Over The Forecast Period?
- Which Application Segment Is Expected To Dominate Other Application Segments Over The Forecast Period?
- Which Region Is Expected To Dominate In Terms Of Revenue During The Forecast Period?
- What Are The Key Outcomes Of Porter’s Five Forces Analysis And SWOT Analysis?
- Which Leading Players Are Operating In The Global North America Glass Filled Nylon Market?
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