Glass Filled Nylon Market

Glass-Filled Nylon Market Size (2023-2028):

Glass Filled Nylon Market is expected to increase at a CAGR of 6.32% between 2023 and 2028, from USD 9.27 billion in 2022 to USD 13.2 billion by 2028.

Nylon materials come in three varieties: fibers, thermoplastic polymers, and yarns. Glass-filled nylon is made by combining powdered glass with nylon resin or by extruding the plastic with glass fibers. Glass-filled nylon is well-known for its mechanical qualities, which include high tensile strength and minimal shrinkage at high temperatures. These characteristics are promoting its use in the production of specialized components used in sectors such as automotive and aerospace that requires specific stiffness, high thermal distortion temperature, and low abrasive wear.

Nylon is a strong synthetic polymer that was widely used in the production of parachutes and other items during World War II. Nylon is a strong material that grows much stronger when filled with glass. As a result, the properties of nylon change, such as a large increase in tensile strength and stiffness, a decreased thermal expansion rate, higher hardness, enhanced stability in extreme temperatures, and so on.

Glass-Filled Nylon Market Drivers:

The surge in demand for high-performance nylon in the automotive, electronics, and industrial industries as a result of the continuation of production following lockdowns will generate huge growth prospects internationally. Glass-filled nylon demand is expected to rise significantly throughout the projected period, from automotive to industrial applications. Aside from being lightweight and adaptable, nylon also provides more layout freedom, allowing for the production of superior designs while maintaining product safety and balance. 

Glass-filled nylon is made by adding powdered glass to the nylon resin or extruding the plastic with glass fibers. The produced material has several advantageous features. It has up to 80% more stiffness than standard nylon. Its tensile strength is up to 70% stronger than normal nylon. It has nearly half the thermal expansion rate of unfilled nylon, giving enhanced stability when exposed to temperature variations. It is 50% tougher than normal nylon too, so it is simple to understand why this material is used in a variety of small plastic parts. These are the above factors that drive the market to grow significantly.

Glass-Filled Nylon Market Restraints:

There is no optimum material for plastic injection molding. The key is to understand the limits of a resin and how they may affect your project. Glass-filled nylon has several disadvantages, including being more brittle than ordinary nylon and costing 50-100 percent more than its unfilled counterparts. It is also abrasive and will cause increased wear on tools; it can also abrade mated components. Because glass-filled nylon is around 15% heavier than regular nylon, its weld lines can be substantially weaker. These are some of the major restraints which may limit the growth of the glass-filled nylon market. 

GLASS-FILLED NYLON MARKET REPORT COVERAGE:

Glass-Filled Nylon Market Segmentation:

Glass Filled Nylon Market - By Type:

• Polyamide 6

• Polyamide 66

Components manufactured using nylon 6 include qualities such as high tensile strength, mechanical strength, and chemical resistance. As a result, 6-based glass-filled nylon is primarily used in the electrical and electronics industries, as well as the automobile industry. Polyamide 6 is the leading sector of the glass-filled nylon market, accounting for more than two-fifths of the market,   and is expected to grow at a CAGR of 7.1 percent over the forecast period.

Glass Filled Nylon Market - By Manufacturing Process:

• Injection Molding

• Extrusion Molding

The injection molding segment accounted for a significant portion of the global glass-filled nylon market and is expected to grow at a faster rate during the forecast period. The market is projected to be driven by the convenience of making glass-filled nylon using the injection molding technique. 

Glass Filled Nylon Market - By End-User:

• Automotive

• Electrical & Electronics

• Industrial

Glass-filled nylon is a good material for reducing vehicle weight. It is rapidly replacing metal parts in the automobile sector due to its ease of mass manufacturing and molding. Polyamides are also less expensive per unit than metals, making them a viable option. Glass-filled nylon is utilized in applications such as vehicle engine covers, engine compartment components, and under the bonnet of cars. The automotive sector's demand for glass-filled nylon is expected to grow at a 7.2 percent annual rate, representing an absolute value potential of around US $3.5 billion. 

Glass Filled Nylon Market - By Region:

• North America

• Europe

• Asia Pacific

• Latin America 

• Middle east and Africa 

Glass-filled nylon is widely used in appliances, and Europe is a prominent appliance manufacturer because of companies like Bosch-Siemens Hausgeräte, which is the world's fifth largest appliance manufacturer. 

Favorable rules, easy labor availability, and government-run projects are enticing significant businesses to transfer manufacturing facilities to rising markets such as India, Thailand, and Indonesia. The abundance of raw materials and the stunning population increase in these nations are boosting the demand for glass-filled nylon as crucial weaving fabric.  

Because of the booming electrical, electronics, and industrial sectors, the APAC region is an important glass-filled nylon market. China is a major user of glass-filled nylon in the APAC region. The country has become the single-largest user of glass-filled nylon in the electrical and electronics industries, and its market position is likely to improve.

Recent Developments in the Glass-Filled Nylon Market

• BASF boosts its polyamide and polyphthalamide offerings in Europe. BASF will begin marketing numerous polyamides (PA) and polyphthalamide (PPA) grades in Europe on February 1, 2022, as part of its acquisition of Solvay's PA66 business. These technical polymers, previously sold as Technyl®, will be offered by BASF under the well-known brand name Ultramid®. Customers around the world will benefit from a diverse plastics portfolio that includes both PA66 grades as well as Ultramid One J, a PA66/6T-based PPA. Thus, BASF will assist its customers in developing innovative plastics solutions across various industries, such as connectors and circuit breakers for E & E applications, consumer and home electronics, and autonomous driving and e-mobility. 

• On January 13, 2021, BASF completed its acquisition of Solvay's polyamide (PA 6.6) business. With innovative and well-known products such as Technyl, the deal expands BASF's polyamide capabilities. This will enable BASF to provide even better-engineered plastics solutions to its clients, such as for autonomous driving and e-mobility. The deal also improves the company's access to growing areas in Asia, and North and South America. 

Glass-Filled Nylon Market Key Players:

1. BASF SE (Germany)
2. Asahi Kasei Corporation (Japan)
3. Lanxess (Germany)
4. DowDuPont Inc (US)
5. Royal DSM N.V. (Netherlands)
6. Ensinger GmbH (Germany)
7. Arkema (France),
8. SABIC (Saudi Arabia)
9. Evonik (Germany)
10. Ascend Performance Materials (US)