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Heat Stabilized Glass Reinforced Polyamide 66 Market:Regional Growth Drivers, Trends, and Forecasts to 2025

Author : Rahul Varpe | Published Date : 2019-05-22 

Heat Stabilized Glass Reinforced Polyamide 66 Market to surpass $4.6bn by 2025.Rapid industrial growth in the countries of Asia Pacific would propel the demand for heavy machinery in the study period. This will in turn positively impact the growth in the high heat (heat stabilized) glass reinforced polyamide 66 market owing to the product usage in production of heavy machinery and industrial components. 

Some of the major countries with proliferating demand for the product are China, India, Japan and South Korea. Moreover, increasing trend towards automation in the region would further increase sale in the high heat (heat stabilized) glass reinforced polyamide 66 market by 2025.

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Limited global supply of the product would hamper the growth of high heat (heat stabilized) glass reinforced polyamide 66 market in the forecast timeframe. There are limited producers of adiponitrile which is a significant raw material required to manufacture the product. These production sites are majorly located at U.S., France and Japan. Hence, any production changes in these sites could directly affect the global production of the product.

Recycled grade is an important raw material type in the high heat (heat stabilized) glass reinforced polyamide 66 market. It also provides an edge over virgin grade as it offers sentimentally benign products which have greater growth prospect in the coming years. Its CAGR is likely to reach around 6.5% by 2025.

Product with >45% reinforcement is an important product kind in the high heat (heat stabilized) glass reinforced polyamide 66 market. It can be used for applications which involve extreme strength and high service temperature of approximately 130?C. It also offers very low warpage, high rigidity, good chemical resistance and dimensional stability. Revenue generated by this segment is likely to reach more than USD 400 million by the end of the study period.

Electrical is a significant end-user sector in the high heat (heat stabilized) glass reinforced polyamide 66 market as the product finds various applications like lighting parts, terminal blocks, solar cells, connectors, cable glands, switches, insulators etc. Its superior characteristics like high tensile strength, abrasion resistance makes it an ideal fit for this industry. Recent developments and technology improvements in this industry would expand the sale in the high heat (heat stabilized) glass reinforced polyamide 66 market. This segment is likely to attain a growth rate of more than 7% in the study period.

Latin America high heat (heat stabilized) glass reinforced polyamide 66 market worth is likely to reach around USD 250 million by 2024. Extensive usage of the product in major countries like Brazil and Mexico would positively affect the market size in the coming years. Expansion in the manufacturing industries in Brazil would make this country a potential market for the product. Increasing automotive plants in Mexico would significantly augment the high heat (heat stabilized) glass reinforced polyamide 66 market in the study period.

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Major companies in the high heat (heat stabilized) glass reinforced polyamide 66 market are Ascend Performance Materials, BASF SE, Tenkor Apex, Dow Dupont Inc., SABIC, etc.

Read More @ https://www.marketwatch.com/press-release/High-Heat-Glass-Reinforced-Polyamide-66-Market-will-surge-at-8-up-to-2025-2019-04-01

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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