Opportunities for the global high performance nylon for tribology market is expected to grow at a CAGR of 4.2% from 2019 to 2024

According to a new market report published by Lucintel, the future of the global high performance nylon for tribology market looks promising with opportunities in the bearings, gears, seals, cams, and brakes applications. The global high performance nylon for tribology market is expected to grow with a CAGR of 4.2% from 2019 to 2024. The major drivers for this market are growth in vehicle production and replacement of metal with plastics in various industries.

In this market, reinforced and non-reinforced nylons are used for tribology applications. Lucintel forecasts that reinforced nylon will remain the largest product type and it is also expected to witness the highest growth over the forecast period, as reinforced nylon provides excellent chemical resistance and high temperature resistance, while enhancing stiffness, strength, and warp resistance.

Within this market, bearings will remain the largest application and it also expected to witness the highest growth over the forecast period due to increasing demand of nylon bearings in automotive and industrial machinery and growing demand for self lubricating and lightweight bearings. 

Asia Pacific will remain the largest region over the forecast period and it is also expected to witness the highest growth over the over the forecast period due to a increasing focus on reducing vehicle weight for better fuel efficiency and lower emission. Expansion of machinery and motor vehicle production, and strong aftermarket for industrial equipment and automotive spare parts is also driving the market in APAC region.

Emerging trend, which has a direct impact on the dynamics of the industry, includes increasing penetration of MC nylon for tribology application.  BASF SE, DSM, DuPont, Mitsubishi Chemical Advance Materials, and Ascend Performance Materials are among the major high performance nylon providers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global high performance nylon for tribology market by application type, product type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global High Performance Nylon for Tribology Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global high performance nylon for tribology market by application type, product type, and region as follows:

By Application Type [$M and kilotons shipment analysis for 2013 – 2024]:

• Bearings
• Gears
• Seals
• Cams
• Brakes

By Product Type [$M and kilotons shipment analysis for 2013 – 2024]:

• Reinforced Nylon

−             Glass Reinforced

−             Carbon Reinforced

−             PTFE Reinforced

−             Others

• Non-reinforced Nylon

−             PA 66

−             PA 12

−             PA 11

−             PA 46

−             PEEK

−             Others

By Region [$M and kilotons shipment analysis for 2013 – 2024]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

This 200 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting. 

                                                                                                                 

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

                                            

Q.1.     What are some of the most promising potential, high-growth opportunities for the global high performance nylon for tribology market by application type (bearings, gears, seals, cams, and brakes), product type (reinforced nylons, and non-reinforced nylons), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2.     Which segments will grow at a faster pace and why?

Q.3.     Which regions will grow at a faster pace and why?

Q.4.     What are the key factors affecting market dynamics? What are the drivers and challenges of the high performance nylon for tribology market?

Q.5.     What are the business risks and threats to the high performance nylon for tribology market?

Q.6.     What are emerging trends in this high performance nylon for tribology market and the reasons behind them?

Q.7.     What are some changing demands of customers in the high performance nylon for tribology market?

Q.8.     What are the new developments in the high performance nylon for tribology market? Which companies are leading these developments?

Q.9.     Who are the major players in the high performance nylon for tribology market? What strategic initiatives are being implemented by key players for business growth?

Q.10.   What are some of the competitive products and processes in the high performance nylon for tribology market, and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11.   What M&A activities did take place in the last five years in the high performance nylon for tribology market?