Global Nylon Market, By Product Type (Nylon 6, Nylon 66), Application (Automobile, Electrical and Electronics, Engineering Plastics, Textile) – Industry Trends and Forecast to 2029.
Global Nylon Market Analysis and Size
Nylon is known to have an important role as an ingredient in various engineering products, including oil containers, bushings, bearing, fuse boxes, and among others. They are also used in products such as wire harness connectors, crankcases, cylinder head covers and timing belts.
- Global Nylon Market was valued at USD 31.78 billion in 2021 and is expected to reach USD 42.30 billion by 2029, registering a CAGR of 6.90% during the forecast period of 2022-2029. “Automobile” accounts for the most prominent end user segment in the respective market owing to high use increase the environmental sustainability of automotive parts. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Global Nylon Market Definition
Nylon is defined as a family of synthetic polymers which is used in numerous applications by industries such as automotive, sports and others. This highly versatile polymeric material can be melt-processed into films, fibers and shapes.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Nylon 6, Nylon 66), Application (Automobile, Electrical and Electronics, Engineering Plastics, Textile)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, and Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, and Rest of Middle East and Africa (MEA).
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Market Players Covered
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BASF SE (Germany), Huntsman International LLC. (US), AdvanSix. (US), INVISTA (US), Toray Industries, Inc. (Japan), Ascend Performance Materials LLC (US), Goodfellow (India), LANXESS (Germany), Ube Industries Ltd. (Japan), Domo Chemicals (Belgium), Ashley Polymers Inc. (US), Toyobo Co. Ltd. (Japan), Honeywell International Inc. (US), Evonik (Germany), Mitsubishi Chemical Corporation. (Japan), Solvay (Belgium), Arkema (France), Asahi Kasei Corporation (Japan), DuPont. (US), Formosa Plastics Corporation. (Taiwan), DSM (Netherlands), among others
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Market Opportunities
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Nylon Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
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Automobile Applications
The increase in the demand for nylon from automobile applications acts as one of the major factors driving the growth of nylon market. Nylon composites are highly useful for enhancing environmental sustainability of automotive parts and declining automotive components.
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Use in Engine Components
The high usage of the engine components, such as bearing, wire harness connectors, cylinder head covers, timing belts, bushings, oil containers, cylinder head covers, and fuse boxes, among others accelerate the market growth.
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Increase in the Popularity of Nylon 6 Product
The increase in the demand for nylon 6 product as a cost-effective substitute for materials, such as bronze, brass, plastics, rubbers, steel, brass, and aluminum further influence the market.
Additionally, surge in investments, expansion of oil and gas sector, and advancements in the chemical industry positively affect the silica aerogel market.
Opportunities
Furthermore, advancements in the product extend profitable opportunities to the market players 2022 to 2029. Also, research and development activities to enhance the product will further expand the market.
Restraints/Challenges faced by the Nylon Market
On the other hand, emergence of environment friendly or bio-degradable substitutes is expected to obstruct the market. Also, fluctuation in the cost and availability of raw material is projected to challenge the nylon market in the forecast period of 2022-2029.
This nylon market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nylon market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 had a minimal Impact on Nylon Market
COVID-19 had a negative impact on various industries including nylon market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The nylon industry faced huge problems due to the shortage of laborers declining the low production. A decline in the demand for nylon was witnessed owing to the limited production and shut down of industries, such as electrical and electronics, and automotive. However, the nylon market is expected to witness growth in demand after the post-covid-19 situation.
Recent Development
- Ascend Performance Materials announced the set up a new production unit for its HiDura PA610 & 612 long-chain nylons in June’2021. The company has utilized exhaustive knowledge of polymerization to bolster the capacity at its unit in Greenwood,S.C.
- INVISTA Nylon Chemicals Co. (China) has planned to almost double its production capacity of nylon 6,6 polymer at the Shanghai Chemical Industry Park (SCIP) in August’2021.
Global Nylon Market Scope
The nylon market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Nylon 6
- Nylon 66
On the basis of product type, the nylon market is segmented into nylon 6 and nylon 66. Nylon 6 is further segmented into resin and fiber. Nylon 66 is further segmented into resin and fiber.
Application
- Automobile
- Electrical and Electronics
- Engineering Plastics
- Textile
On the basis of application, the nylon market is segmented into automobile, electrical and electronics, engineering plastics and textile.
Nylon Market Regional Analysis/Insights
The nylon market is analysed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the nylon market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the nylon market because of the increased consumer spending power and availability of low-cost raw materials within the region.
Europe is expected to witness significant growth during the forecast period of 2022 to 2029 due to the presence of well-established technologically advanced infrastructure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Nylon Market Share Analysis
The nylon market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nylon market.
Some of the major players operating in the nylon market are
- BASF SE (Germany)
- Huntsman International LLC. (US)
- AdvanSix. (US)
- INVISTA (US)
- Toray Industries, Inc. (Japan)
- Ascend Performance Materials LLC (US)
- Goodfellow (India)
- LANXESS (Germany)
- Ube Industries Ltd. (Japan)
- Domo Chemicals (Belgium)
- Ashley Polymers Inc. (US)
- Toyobo Co. Ltd. (Japan)
- Honeywell International Inc. (US)
- Evonik (Germany)
- Mitsubishi Chemical Corporation. (Japan)
- Solvay (Belgium)
- Arkema (France)
- Asahi Kasei Corporation (Japan)
- DuPont. (US)
- Formosa Plastics Corporation. (Taiwan)
DSM (Netherlands)
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