Glass Filled Nylon Market Size (2024 - 2029)

The glass-filled nylon market is experiencing growth, driven primarily by the expanding electric vehicle industry and the recovery of the automotive sector post-COVID-19. Despite the initial negative impact of the pandemic on automotive production, the resumption of manufacturing activities has provided a boost to the market. The Asia-Pacific region is expected to lead in market size due to significant demand from the automotive and electrical & electronics industries.

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Market Size of Glass Filled Nylon Industry

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Glass Filled Nylon Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Glass Filled Nylon Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Glass Filled Nylon Market Analysis

The Global Glass Filled Nylon Market is projected to register a CAGR of more than 4% during the forecast period (2021-2026).

The glass-filled nylon market is badly affected by COVID-19. Glass-filled nylon is usually used in the automobile industries in manufacturing windshields. COVID-19 has negatively impacted the automotive market. The automobile production in 2020 has witnessed a decline of 15.8% compared to 2019. The decline in production is due to the pandemic situation and shutdown of manufacturing facilities around the globe. However, as the markets have slowly opened, and the manufacturing plants resumed production in the second half of 2020 which is an encouraging sign for the glass-filled nylon market.

  • Over the medium term, the major factor driving the growth of the market is the developing electric vehicles industry which is expected to rise further in the coming years.
  • The automotive industry is anticipated to dominate the glass-filled nylon market across the globe during the forecast timeline.
  • Asia-Pacific region is expected to dominate the glass-filled nylon market globally owing to the high demand for product consumption in the automotive and electrical & electronics industry from the region.

Glass Filled Nylon Industry Segmentation

The market is segmented by type, manufacturing process, glass filling, end-user, and geography. By type, the market is segmented into Polyamide 6, Polyamide 66, and Others. By manufacturing process, the market is segmented into injection molding and extrusion molding. By glass filling the market is segmented into the glass-filled 10% glass-filled, 20% glass-filled, and 30% glass-filled. By end-user, the market is segmented into automotive, industrial, electrical and electronics, and others. The report also covers the market size and forecasts for the glass-filled nylon market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD Million).

Type
Polyamide 6
Polyamide 66
Other Types
Manufacturing Process
Injection Molding
Extrusion Molding
Glass Filling
10% Glass Filled
20% Glass Filled
30% Glass Filled
End-user
Automotive
Industrial
Electrical & Electronics
Other End-users
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Glass Filled Nylon Market Size Summary

The glass-filled nylon market is experiencing a recovery phase following the adverse impacts of the COVID-19 pandemic, which significantly affected the automotive sector, a primary consumer of this material. The pandemic led to a notable decline in automobile production due to factory shutdowns and reduced demand, which in turn negatively impacted the glass-filled nylon market. However, as manufacturing facilities resumed operations, there has been a gradual recovery. The market is poised for growth, driven by the burgeoning electric vehicle industry, which is expected to further bolster demand for glass-filled nylon. This material is favored in the automotive sector for its rigidity, mechanical quality, and durability, making it ideal for components subjected to high static loads and temperatures. Despite the challenges, the automotive industry is anticipated to maintain its dominance in the glass-filled nylon market globally.

The Asia-Pacific region is projected to lead the global glass-filled nylon market, supported by its robust automotive and electrical & electronics industries. The region's prominence is underscored by China's status as the largest automotive manufacturer worldwide, despite recent production slowdowns. The electrical and electronics sector in Asia-Pacific, particularly in China and the ASEAN region, is also a significant contributor to market demand, with expectations of recovery and growth following the pandemic's impact. The market is characterized by a fragmented landscape with key players such as BASF SE, Arkema, LANXESS, Ascend Performance Materials, and Asahi Kasei Corporation actively participating. The rising demand from various industries in the region is anticipated to drive the market's expansion during the forecast period.

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Glass Filled Nylon Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rise in Electric Vehicles Demand

      2. 1.1.2 Growing Electrical & Electronics Industry

    2. 1.2 Restraints

      1. 1.2.1 Unfavorable Conditions Arising Due to the COVID-19 Impact

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Polyamide 6

      2. 2.1.2 Polyamide 66

      3. 2.1.3 Other Types

    2. 2.2 Manufacturing Process

      1. 2.2.1 Injection Molding

      2. 2.2.2 Extrusion Molding

    3. 2.3 Glass Filling

      1. 2.3.1 10% Glass Filled

      2. 2.3.2 20% Glass Filled

      3. 2.3.3 30% Glass Filled

    4. 2.4 End-user

      1. 2.4.1 Automotive

      2. 2.4.2 Industrial

      3. 2.4.3 Electrical & Electronics

      4. 2.4.4 Other End-users

    5. 2.5 Geography

      1. 2.5.1 Asia-Pacific

        1. 2.5.1.1 China

        2. 2.5.1.2 India

        3. 2.5.1.3 Japan

        4. 2.5.1.4 South Korea

        5. 2.5.1.5 Rest of Asia-Pacific

      2. 2.5.2 North America

        1. 2.5.2.1 United States

        2. 2.5.2.2 Canada

        3. 2.5.2.3 Mexico

      3. 2.5.3 Europe

        1. 2.5.3.1 Germany

        2. 2.5.3.2 United Kingdom

        3. 2.5.3.3 France

        4. 2.5.3.4 Italy

        5. 2.5.3.5 Rest of Europe

      4. 2.5.4 South America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Argentina

        3. 2.5.4.3 Rest of South America

      5. 2.5.5 Middle-East and Africa

        1. 2.5.5.1 Saudi Arabia

        2. 2.5.5.2 South Africa

        3. 2.5.5.3 Rest of Middle-East and Africa

Glass Filled Nylon Market Size FAQs

The Glass Filled Nylon Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

BASF SE, Arkema, LANXESS, Ascend Performance Materials and Asahi Kasei Corporation are the major companies operating in the Glass Filled Nylon Market.

Glass Filled Nylon Report Snapshots

Glass Filled Nylon Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)