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.
Automotive is the largest end-use industry of glass filled nylon. Glass filled nylon is an ideal solution for vehicle weight reduction. It is fast replacing metal parts in the automotive industry due to the ease of mass production as well as ease in molding it. Polyamides are also cheaper in unit cost in comparison to metals, which make them an economic alternative. Glass filled nylon is used in applications such as automotive engine covers, parts inside the engine compartment, and under the bonnet of cars.
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Recent Developments
- In September 2017, BASF SE signed an agreement related to the sale of Solvay’s integrated polyamide business.
- In September 2018, Asahi Kasei Corporation acquired Sage Automotive Interiors Inc. and consolidated its glass filled nylon business.
- In October 2018, Lanxess launched a new polyamide to enhance its new product development capabilities and cater to the increasing demand for glass filled nylon.
Scope of the report
| Report Metric | Details |
| Years considered for the study | 2017–2024 |
| Base year | 2018 |
| Forecast period | 2019–2024 |
| Units | Value (USD Million), Volume (Kiloton) |
| Segments | Type, Manufacturing Process, Glass Filling, End-Use Industry, and Region |
| Regions | North America, Europe, APAC, MEA, and Latin America |
| Companies | 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 Industries (US), and Ascend Performance Materials (US).Total 20 major players covered. |
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.
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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