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At 8% CAGR, Heat Stabilized Glass Reinforced Polyamide 66 Market to cross $4.6bn by 2025

Author : Rahul Varpe | Published Date : 2019-04-15 

The high heat (heat stabilized) glass reinforced polyamide 66 market has emerged as one of the steadily growing niche verticals of the global polymers and advanced materials industry owing to continuous product development initiatives undertaken by major specialty chemical firms. The launch of a new series of high-heat glass reinforced polyamide 66 compounds by Teknor Apex is a testament to the extensive efforts being deployed to develop advanced polyamides that would cater to wide range of applications in the near future.

Named Creamid 240 H7.5, the new polyamides maintain high levels of critical mechanical features even after continuous service at temperatures of 240°C. It is also being said that the new product range offers the stiffness and strength of highly potent engineering polymers which is quite significant. Needless to mention, the launch of such compounds is favoring the commercial aspect of the high heat (heat stabilized) glass reinforced polyamide 66 industry. Moreover, the applications of the polyamide 66 are quite pronounced in the under-the-hood components of the automotive sector which has, in turn, fueled the product demand significantly.

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Amongst all the prominent application segments of high heat (heat stabilized) glass reinforced polyamide 66 market, the automotive sector has been majorly driving the demand for the polyamides in the last few years. It is being observed that almost all global automakers are undertaking metal replacement programs and are increasingly incorporating performance-boosting technologies along the likes of turbocharged engines, boosting the demand for glass reinforced polyamides.

In addition to the aforementioned factors, the demand for polyamides is gaining momentum owing to advanced transmission systems being recommended by regulators. In this context, it would be prudent to mention that these systems place stringent requirements for reduced water, chemical resistance, and heat resistance which necessitates the inclusion of glass reinforced polyamide 66 in a myriad of manufacturing processes.

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Elaborating further on the characteristics of the new product range, the new polyamides are being termed as ideal substitutes to heat-stabilized and costly specialty thermoplastics along the likes of fully and semi-aromatic PPS and nylons. In addition to this, AKV35XTS2 can be used to manufacture air intake modules with air ducts or an integrated intercooler near the turbocharger.

All in all, the launch of new heat stabilization systems and high-grade polyamides such as the aforementioned AKV35XTS2 is proving to be quite advantageous for the companies partaking in the high heat (heat stabilized) glass reinforced polyamide 66 industry. Furthermore, rising inclination of automakers to replace the conventional metal spare parts with new nylons has also benefited the growth prospects of this market sphere in the past few years. In fact, as per a research report prepared by Global Market Insights, Inc., the automotive sector is likely to register an annual growth rate of 8 percent by 2025, making it one of the fastest growing segments in the overall high heat (heat stabilized) glass reinforced polyamide 66 market.

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Driven by the launch of new range of polyamides and heat stabilization systems along with increasing demand for the product from the ever-expanding global automotive sector, the remuneration portfolio of the high heat (heat stabilized) glass reinforced polyamide 66 industry is bound to exceed USD 4.6 billion by the year 2025.
 

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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