+1-888-308-5802     
News Contact Us

High Heat (Heat Stabilized) Glass Reinforced Polyamide 66 Market 2019 In-Depth Analysis of Industry Growth Trends & Forecast up to 2024

Author : Rahul Varpe | Published Date : 2019-05-17 

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.

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.

Sample copy of this report @ https://www.gminsights.com/request-sample/detail/3102

According to a new research report by Global Market Insights, Inc. High Heat (Heat Stabilized) Glass Reinforced Polyamide 66 Market size will likely surpass USD 4.6 billion by 2025.

Growth drivers
1.    Rising automotive sales across the globe
2.    Increasing product usage in the electrical sector
3.    Superior product performance characteristics
4.    Shortage in polyamide 6,6 supply
5.    Strict regulations governing the polymer industry

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.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3102
    
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.

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

Related News

Air Humidifier Market 2019 – 2024 | Growth Trends and Future Prospects

Published Date: 2019-11-15         Author: Rahul Varpe

Air Humidifier Market study added by Global Market Insights presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation of thi... Read More

Remodeling Market 2019 Analysis by Emerging Trends and Development Status to 2024

Published Date: 2019-11-15         Author: Rahul Varpe

Remodeling Market study added by Global Market Insights presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation of this in... Read More

By 2024, Soundproof Curtains Market Expected to Generate a Huge Demand via Rising Noise Pollution

Published Date: 2019-11-15         Author: Rahul Varpe

Soundproof Curtains Market study added by Global Market Insights presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation o... Read More

© 2019 Fractovia. All Rights Reserved