Market Size of Glass Filled Nylon Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
