Glass Filled Nylon Market
Glass Filled Nylon Market Analysis, By Type (Polyamide 6, Polyamide 66), By End Use (Automotive, Electrical & Electronics, Industrial) - Global Forecast 2022 to 2032
Glass Filled Nylon Market Outlook (2022-2032)
The global glass filled nylon market is estimated at US$ 9.5 billion currently, and is forecast to surpass a valuation of US$ 18.3 billion by 2032, expanding at a high CAGR of 6.9% over the next ten years.
Glass-Filled Nylon Market (2021A)
US$ 9 Billion
Estimated Year Value (2022E)
US$ 9.5 Billion
Forecasted Year Value (2032F)
US$ 18.3 Billion
Global Market Growth Rate (2022-2032)
Europe Market Share (2021)
Europe Growth Rate (2022-2032)
Germany Growth Rate (2022-2032)
Market Share of Top 5 Companies
Key Companies Profiled
The glass filled nylon industry is a sub-segment of the nylon industry, accounting for nearly 29.6% market share. Demand for glass-filled nylon has shown significant increase in the past half-decade owing to rapid growth in the automotive and electrical & electronics sectors.
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Glass Filled Nylon Consumption Analysis (2017-2021) in Comparison to Market Growth Forecasts (2022-2032)
Consumption of glass-filled nylon witnessed growth at around 4.1% CAGR during 2017-2021, with the market having offered an absolute $ opportunity of around US$ 1.6 billion over the same period.
The North American glass-filled nylon market is the largest shareholder, holding nearly one-third market share. It is anticipated to add 75 BPS at a CAGR of 5.2%. The United States is a protuberant manufacturer of glass-filled nylon in the North American market and holds more than 90% market share.
Further, the East Asia glass-filled nylon market holds nearly one-fifth share of the global market. It is expected to generate an absolute dollar opportunity of more than US$ 1.7 billion over the assessment period.
Based on segmental analysis, demand for polyamide 6 glass-filled nylon grew 1.3X in the last five years and is projected to generate 2.2X revenue over the forecast period. Also, demand for polyamide 66 type glass-filled nylon is anticipated to surge at 6.9% CAGR through 2032.
Fact.MR projects the global glass filled nylon market to witness growth at 6.9% CAGR during 2022-2032.
What’s Driving Demand for Glass Filled Nylon?
“Rising Glass-Filled Nylon Usage in Automotive and Other Industries”
Surge in demand for high-performance nylon in automotive and electronics industries, as well as in the manufacturing sector, as a result of the continuance of production following lockdowns, will, in turn, create tremendous growth opportunities globally.
Demand for glass-filled nylon from automotive to industrial use is anticipated to witness significant growth during the forecast period. Apart from being lightweight and versatile, nylon additionally allows better layout flexibility, which permits the manufacturing of superior shapes without compromising the protection and balance of the products.
“Beneficial Properties of Glass-Filled Nylon Over Normal Nylon”
Nylon is a strong synthetic polymer that was a widely used fabric during World War II for making parachutes and other products. Nylon is a strong material; however, it becomes robust when filled with glass. Owing to this, the properties of nylon get transformed, such as significant rise in tensile strength and stiffness, lower thermal expansion rate, increased hardness, augmented stability in extreme temperature, etc.
Use of glass-filled nylon has been widening owing to the above properties. Glass-filled nylon has significant applications in different industries. Glass-filled nylon is used in engine compartments to offer extra thermal protection in automotive, 3D printing, consumer products, and electronic appliances, to name a few.
Further, nylon is becoming more popular in electrical and electronic components as it is more environmentally-friendly than plastics and has better electrical insulating characteristics.
In addition to being lightweight and versatile, the material provides for greater design freedom, enabling the production of new designs without compromising on vehicle stability and safety.
Which Country in Europe is a Prominent Market for Glass-filled Nylon?
“Germany Glass-filled Nylon Market in the Eye of Market Players”
Glass-filled nylon is largely used in appliances, and Europe is one of the leading appliance manufacturers owing to companies such as Bosch-Siemens Hausgeräte, which is the 5th largest appliance manufacturer, globally.
Glass-filled nylon consumption is projected to amplify quickly as a result of widening applications in printing, vehicles, and consumer products. The ever-rising desire for 3D printing is resulting in significant demand for glass-filled nylon in the German market.
The automotive industry's expansion in Germany is projected to offer lucrative opportunities for glass-filled nylon suppliers. The German glass-filled nylon market accounts for nearly one-fifth of the global market share, and is likely to expand at 8.2% CAGR over the forecast period.
How is South Asia and Oceania Glass-filled Nylon Market Faring?
“India, Thailand & Indonesia to Account for High Consumption of Glass-filled Nylon”
Favorable regulations, hassle-free labor availability, and various projects run by governments are encouraging key players to relocate their manufacturing units to emerging countries such as India, Thailand, and Indonesia.
The copious availability of crude substances and startling population growth in these countries are driving demand for glass-filled nylon as a key fabric for weaving.
The automotive industry's requirement for glass-filled nylon has increased in recent years due to augmented middle-class income and urbanization. In anticipation of rising demand from the automobile sector, multinational companies are keeping their eyes on countries based in South Asia and Oceania.
The Indian glass-filled nylon market has protracted significantly in the past half-decade. The India market is expected to gain 262 BPS and offer an absolute $ opportunity of ~US$ 68 million during the forecast period of ten years.
An Adaptive Approach to Modern-day Research Needs
Which Glass-Filled Nylon Type is Projected to Be a Substantial Contributor to Market Growth?
“High Market Share of Polyamide 6 Glass-filled Nylon”
Components that are produced by nylon 6 provide have properties such as high good tensile strength, mechanical strength, and chemical resistance. Therefore, 6-based glass-filled nylon is mostly used in electrical & electronics and automotive companies.
However, the leading segment of the glass-filled nylon market is polyamide 6, which holds more than two-fifths market share and is anticipated to see growth at 7.3% CAGR over the forecast period.
Where is Glass-Filled Nylon Used the Most?
“Automotive Sector to Drive High Sales of Glass-filled Nylon”
On the basis of end-use industry, the glass-filled nylon market is bifurcated into automotive, electrical & electronics, industrial, and other end-uses (medical, aerospace, etc.).
The automotive industry holds around the two-fifths market in 2022, owing to increase in demand for weight reduction and strict regulations on less fuel consumption of vehicles.
Glass-filled nylon provides higher dimensional stability and tensile strength to engine parts. It is widely used in making automotive engine covers, under the bonnet of cars, and parts inside the engine compartment.
Demand for glass-filled nylon from the automotive industry is projected to grow at 7.6% and offer an absolute dollar opportunity of around US$ 3.7 billion.
Competitive Landscape: Top Companies in Glass Filled Nylon Market
The global glass-filled nylon market is largely dominated by North America and Europe owing to the presence of leading manufacturers in these regions. Market leaders are keeping R&D on priority to develop innovative products.
For instance :
- In 2021, BASF announced the launch of a new brand heat-stabilized Ultramid B3PG6 BK23238.
- In August 2021, LANXESS acquired a United States-based world-leading manufacturer of specialty chemicals - Emerald Kalama Chemical.
Fact.MR has provided detailed information about the price points of top manufacturers of glass-filled nylon positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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Segmentation of Glass-filled Nylon Industry Research
Glass-filled Nylon Market by Type :
- Glass-Filled Polyamide 6
- Glass-Filled Polyamide 66
- Other Types
Glass-filled Nylon Market by End Use :
- Electrical & Electronics
- Other End Uses
Glass-filled Nylon Market by Region :
- North America Glass-filled Nylon Market
- Latin America Glass-filled Nylon Market
- Europe Glass-filled Nylon Market
- East Asia Glass-filled Nylon Market
- South Asia & Oceania Glass-filled Nylon Market
- MEA Glass-filled Nylon Market
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