Growth of Glass Filled Nylon Market with leading key players like BASF SE, Asahi Kasei Corporation, Lanxess, DowDuPont, DowDuPont, Ensinger GmbH, Arkema and Others.

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The Glass Filled Nylon Market size is estimated to grow from US$ 8.2 Billion in 2019 to US$ 10.8 Billion by 2024, at a CAGR of 5.8% between 2019 and 2024. This report spread across 121 pages, profiling 11 companies and supported with tables and figures is now available is now available in this research.

‘Polyamide 6 based glass filled nylon is projected to register a higher CAGR, in terms of value and volume,between 2019 and 2024.’
Polyamide 6 is manufactured by a continuous process, preferably hydrolytic ring opening polymerization of caprolactam, which is made up of six carbons at 482 °F to 518 °F The 6 stands for the number of carbon atoms in a single amino residue, indicating repeated units. It is a semi-crystalline polyamide that has high tensile strength and elasticity. It also has a strong inter-chain bond of amide group polarity and hence exhibits superior properties such as rigidity, thermal resistance, and toughness.

The Automotive end-use industry segment is expected to register the highest CAGR between 2019 and 2024.
The Automotive end-use industry is one of the prime consumers of glass filled nylon, globally, and is expected to witness the fastest growth during the forecast period. The use of glass filled nylon in the automotive industry dates back to 1950. Glass filled nylon is primarily used in the automotive industry for weight reduction measure.

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The Glass Filled Nylon Market in APAC is projected to register the highest CAGR, in terms of value and volume, between 2019 and 2024.
The Glass Filled Market in APAC is projected to register the highest CAGR, in terms of value and volume,during the forecast period. This growth can be attributed to the increasing demand for glass filled nylon from the automotive, industrial, and electrical & electronics end-use industries. The booming electrical & electronics and construction industries are also responsible for the growth of the glass filled nylon market in the region.

Breakdown of primary participants’ profile:
• By Company Type:Tier 1- 37%, Tier 2- 42%, and Tier 3-21%
• By Designation: C level - 30%, Director level - 25%, and Others- 45%
• By Region:North America - 20%, Europe - 27%, APAC-40%, MEA - 7%, and Latin America - 6%

Report Highlights:
• To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders

• To define, describe, and forecast the market on the basis of five regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America

• To define, describe, and forecast the market size of glass filled nylon, in terms of value and volume

• To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth

• To define, describe, and forecast the market size on the basis of type, end-use industry, manufacturing process, and glass filling

• To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market

• To strategically profile the key players and comprehensively analyze their market share and core competencies

Reason to Access this report:
The Report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall glass filled nylon market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies

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Top Companies profiled in the Glass Filled Nylon Market include are 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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This release was published on openPR.