Glass-filled Nylon Market: Introduction

Nylon materials are available primarily in three forms: fibers, thermoplastic resins, and yarns. Glass-filled nylon is manufactured by adding powdered glass to the nylon resin or by extruding the plastic with glass fibers. Glass-filled nylon is known for its mechanical properties such as high tensile strength and low shrinkage at higher temperatures. It also possesses high hardness. These properties are promoting their usage in manufacture of technical parts used in various industries such as automotive and aerospace that require particular stiffness, high heat distortion temperature, and low abrasive wear.

 Glass-filled Nylon Market: Segmentation

Based on polymer resin type, the glass-filled nylon market can be divided into nylon 6 (polyamide 6 of PA 6), nylon 66 (polyamide 66 or PA 66), and nylon 12 (polyamide 12). Nylon 6 is the commonly used glass filled nylon due to its easy availability and low price. Components manufactured by glass-filled nylon 6 offer superior properties such as good tensile strength, high mechanical strength, and chemical resistance. Thus, nylon 6 based glass-filled nylon are largely used in automotive and electrical & electronics industries. Based on end-use industry, the glass-filled nylon market can be primarily segmented into automotive, aerospace, electrical & electronics, oil & gas, building & construction, and others (medical, etc.). The automotive segment accounted for major share of the market in 2018 due to the rise in demand for vehicle weight reduction and increase in regulations for less fuel consumption of vehicles. Glass-filled nylon yields higher tensile strength and dimensional stability to engine parts. It is used in applications such as automotive engine covers, parts inside engine compartment, and under the bonnet of cars. Aerospace is a lucrative segment of the glass-filled nylon market. Based on glass fiber (GF) content, the glass-filled nylon market can be segmented into 0%-35% of GF, 36%-60% of GF, more than 60% of GF, and others. The optimum mix of properties of nylon resin and glass fiber make 30% glass filled nylon suitable for usage in the automotive industry. It also provides high strength and rigidity. Based on manufacturing process, the global glass-filled nylon market can be segregated into injection molding, glass filling, 3D printing, Pultrusion, extrusion, and others. The injection molding segment held major share of the global glass filled nylon market in 2018. It is projected to expand at a higher CAGR during the forecast period. The ease of manufacturing glass filled nylon through the injection molding process is expected to drive the market.

Glass-filled Nylon Market: Region-wise Outlook

Based on region, the global glass-filled nylon market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of revenue, Asia Pacific held key share of the glass-filled nylon market in 2018. The market in the region is estimated to expand at a rapid pace during the forecast period. Abundant availability of raw materials such as caprolactam, favorable manufacturing regulations, rise in government initiatives, rapid growth in population, and expansion in electrical & electronics and industrial sectors are prominent factors anticipated to augment the demand for glass-filled nylon in Asia Pacific. China and India are the prominent countries projected to constitute large share the glass-filled nylon market in Asia Pacific during the forecast period. After Asia Pacific, North America is likely to be a key region of the market between 2019 and 2027. Increase in demand for technical components to replace metal parts in the automotive industry and rise in manufacturing base are estimated to augment the glass-filled nylon market in the region. The glass-filled nylon market in Latin America and Middle East & Africa is expected to expand at a sluggish pace during the forecast period.

Glass-filled Nylon Market: Key Players

Large numbers of companies operate in the global glass-filled nylon market. Many regional and local traders, distributors, and importers supply glass filled nylon to end-users. Prominent companies operating in the glass-filled nylon market include BASF SE, ASAHI KASEI CORPORATION, DOWDUPONT, INC., LANXESS, CELANESE CORPORATION, and Ensinger. In September 2018, Asahi Kasei Corporation acquired Sage Automotive Interiors Inc. and consolidated its glass filled nylon business.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Glass Filled Nylon Market

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