Polyamide 6 is the most widely used polymer in the making of glass filled nylon. In terms of value and volume, Polyamide 6 is the most widely used glass filled nylon due to its easy availability and low price. It also offers superior properties such as good tensile strength, high mechanical strength, and chemical resistance. These properties make polyamide 6 based glass filled nylon widely used in the automotive and electrical & electronics industries.
The glass filled nylon market is projected to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% between 2019 and 2024. The market is growing due to the high demand from the automotive, industrial, and electrical & electronics industries.
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The optimum mix of properties of both polyamide resin and glass fiber, makes 30% glass filled nylon suitable for use in the automotive industry. It also provides high strength and rigidity. Several global glass filled nylon manufactures such as EMCO Industrial Plastics, Inc and Nylatech provide high grade 30% glass filled nylon.
Key Questions Addressed by the Study
What are the major end-use industries of glass filled nylon?
Which industry is the major consumer of glass filled nylon?
Which region is the largest and fastest-growing market for glass filled nylon?
What are the major types of glass filled nylon?
APAC is a key glass filled nylon market due to the booming electrical & electronics and industrial sectors. China is one of the key consumers of glass filled nylon in APAC. The country has become the single-largest consumer of glass filled nylon in the electrical & electronics industry and is expected to strengthen its market position.
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The glass filled nylon market comprises major manufacturers such as BASF SE (Germany), Asahi Kasei Corporation (Japan), Lanxess (Germany), DowDuPont Inc (US), Royal DSM N.V. (Netherlands), Ensinger GmbH (Germany), Arkema (France), SABIC (Saudi Arabia), Evonik (Germany), and Ascend Performance Materials (US).
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