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.
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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.
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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.
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