Analysis of Nylon market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Characteristics such as high tensile strength, high elasticity, and superior abrasion resistance have slated the global nylon market to exhibit a promising 5.5% CAGR during the forecast period.
Unique product properties of nylon position it as a viable substitute to materials such as steel, bronze, brass, gunmetal, and rubbers. Surging demand for fuel efficiency on the back of stringent carbon emission regulations propels the use of nylon 6 and nylon 66.
Owing to its nimble weight and strong composition, Nylon is used in automotive engine components such as bearings, oil containers, fuse boxes, crankcases, and timing belts. Advancements in material sciences are expected to innovate end-use applications for mass adoption of nylon during the forecast period.
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The versatile material finds applications in a lot of industries, from cloth manufacturing to appliance components of which, automotive applications generate maximum demand. The automotive application segment accounts for 1/3rd market share. Other remunerative applications are textile and electrical & electronics.
Both these segments will grow at a promising 6.2% and 6.7% CAGR respectively. The adaptability of nylon to mix with other raw materials such as silk and cotton is propelling its demand for textile applications of the product.
Consumer trends such as form-fitting bottoms for women are an additional factor that generates demand for nylon textiles. Rising preference for heat resistance, strength, aesthetic appearance, and lightweight components makes nylon a viable alternative for electrical & electronic applications.
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East Asia commands global sales garnering more than half of the total market value. This can be attributed to the presence of major nylon-producing countries in this region. For instance, China is among the largest producer and consumers of nylon variants.
Automotive and textile manufacturers in these countries employ nylon 6 and nylon 66 in various use-cases. North America and Europe, collectively account for over 1/4th of global sales.
Early adopters are innovating applications in untapped industry verticals along with continuous demand from textile applications. However, the highest growth can be attributed to South Asia & Oceania. On the back of booming economic development in Indonesia and Singapore, South Asia & Oceania exhibit a robust 7% CAGR during the forecast period.
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Market players are investing in environment friendly production, capacity expansion, and industry 4.0 technologies. The competitive landscape is shaped by factors such as production capacity, cost of manufacturing, and environmental impact.
Innovation in sustainable films and coating for flexible packaging is set to garner increased customer traction. Nylon manufacturers must enhance their product portfolio by decreasing their carbon emissions.
For instance, Bio-based monomers are an ideal alternative to conventional monomers used in nylon manufacturing, as they are cost-efficient and reduce greenhouse gas emissions.
Leading organizations in the global nylon market are, but not limited to
The global nylon market is segmented on the basis of material, application and region.
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Country-specific assessment on demand for nylon has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous nylon manufacturers, experts, and suppliers.
Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides a company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries.
The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global nylon market. Some of the major competitors operating in the nylon market are BASF SE, Lanxess AG, Huntsman Corporation, AdvanSix Inc, and others.
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South Asia & Oceania offer the most lucrative growth opportunities with a strong 7% CAGR from 2019 to 2029.
Nylon 6 accounts for a majority share of over 60% of the total market value, whereas, nylon 66 offers remunerative growth opportunities with a promising 6.7% CAGR during the forecast.
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