High heat GRPA 66 market is most likely to witness growth in the forecast timeframe due to the developments in the electronic industry. According to the report high heat glass reinforced PA 66 market is expected to rise from USD 2.6 billion in 2018 to USD 4.6 billion by 2025, with a CAGR of over 8% during 2019-2025. —
The superior properties of the product like flame retardant characteristics, good di-electric strength, and insulation resistance makes it an ideal fit for electrical appliances. high heat (heat stabilized) glass reinforced polyamide 66 is widely used in the production of motherboard of computers, power tool housing, connectors in mobile phones, terminal blocks, circuit breakers, connectors etc.
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Automotive is a key segment in the high heat GRPA 66 market as the product is used to make various under the hood components such as gears, engines, radiator tank parts, oil filters, etc. The hygroscopic property of the product allows its usage in the presence of water or moisture, such as in radiator tanks where the water temperature crosses 150 C and the ambient air is as hot as 180 – 200 C. This segment is likely to achieve a CAGR of 8% by 2025.
Asia Pacific high heat GRPA 66 market value is likely to reach around USD 2 billion by 2025. Increasing demand from countries like China, India, Japan and South Korea would significantly spur the market growth in the forecast timeframe. China being one of the largest producers of automotive in the world, occupies a significant share in the market. South Korea is another significant market due to high production of electronic products in this region.
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 GRPA 66 market in the study period.
Recycled grade is an important raw material type in the high heat GRPA 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.
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Virgin grade is a key raw material segment of the high heat GRPA 66 market. This segment provides superior performance compared to recycled grades and products made from this raw material is majorly used in critical areas. This segment is likely to achieve a CAGR around 6% in terms of volume in the forecast timeframe.
Product with 21% – 33% reinforcement is a key product type in the market. It delivers the highest performance to cost ratio with superior mechanical and thermal properties. This segment is likely to generate revenue exceeding USD 2 billion by 2025. Most of the automotive components made from the product have glass fiber concentration close to 30%. Higher glass fiber concentration increases the abrasiveness of the component which may damage the metal parts it is connected to.
Browse key industry insights spread across 281 pages with 384 market data tables & 24 figures & charts from the report, “High Heat (Heat Stabilized) Glass Reinforced Polyamide 66 Market Size By Raw Material (Virgin, Recycled), Product (45% GR), By End-user (Automotive, Electrical), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Oceania, South Korea, Thailand, Indonesia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
Partial Table of Contents (ToC) of the report:
Chapter 4. High Heat (Heat Stabilized) Glass Reinforced Polyamide 66 Market, by Raw Material
4.1. Global high heat GRPA 66 market raw material insights
4.2.1. Market estimates and forecast, 2014 – 2025
4.2.2. Market estimates and forecast, by region, 2014 – 2025
4.3.1. Market estimates and forecast, 2014 – 2025
4.3.2. Market estimates and forecast, by region, 2014 – 2025
Chapter 5. High Heat (Heat Stabilized) Glass Reinforced Polyamide 66 Market, Product By End-user
5.1. Global high heat GRPA 66 market product insights
5.2. 45% GR
5.5.1. Market estimates and forecast, 2014 – 2025
5.5.2. Market estimates and forecast, by end-user, 2014 – 2025
5.5.3. Market estimates and forecast, by region, 2014 – 2025
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/high-heat-glass-reinforced-polyamide-66-market
Chapter 6. High Heat (Heat Stabilized) Glass Reinforced Polyamide 66 Market, by End-user
6.1. Global high heat GRPA 66 market end-user insights
6.2.1. Market estimates and forecast, 2014 – 2025
6.2.2. Market estimates and forecast, by region, 2014 – 2025
6.3.1. Market estimates and forecast, 2014 – 2025
6.3.2. Market estimates and forecast, by region, 2014 – 2025
6.4.1. Market estimates and forecast, 2014 – 2025
6.4.2. Market estimates and forecast, by region, 2014 – 2025
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