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The Nylon Market Size was estimated to be worth USD 30.08 billion in 2022 and is anticipated to increase to USD 55.39 billion by 2030, with a compound annual growth rate (CAGR) of 7.47% from 2023 to 2030. By polymerizing caprolactam, adipic acid, and hexamethylene diamine, nylon or polyamide is created. It is a highly adaptable polymeric material utilised for varied purposes across numerous sectors. Whether for sports or automotive purposes, the product has been adopted widely. For instance, professional volleyball nets and auto airbags both employ polyamide fibre.
The rapid expansion of the Chinese market and the steady expansion of the European automobile sector are the main causes of the production rise. The automotive sector has expanded significantly recently, particularly in the Asia Pacific region. One of the main drivers of this sector's expansion has been the improvement of socioeconomic trends and infrastructure. Major businesses have moved their manufacturing bases to nations like China, India, and Indonesia as a result of favourable legislation, the availability of labour, and government initiatives to offer enticing FDI regulations.
Currently, raw materials make up about 45% of the total cost of making vehicles. In the automotive sector, steel and aluminium are the preferred raw materials. Raw material trends, however, are anticipated to drastically shift as a result of the strict restrictions focusing on enhancing fuel efficiency and limiting CO2 emissions at manageable levels. Nylon 6 is used in films and coatings for various purposes to stop corrosion in raw materials.
PA 6 and PA 6,6 are widely utilised in the automobile sector. More than 250 car production plants worldwide have stopped operations because to the COVID-19 outbreak. The demand has drastically decreased as a result, and it is anticipated that it will decrease by double digits in 2020 compared to 2019. Due to new government regulations intended to revitalise the industrial industry, a slow recovery is anticipated.
Nylon has a great degree of workability, strength, and durability, and as a result, it is frequently employed in the automobile sector. The polymer facilitates the moulding and extrusion operations, enabling the production of a range of vehicle parts. Its qualities, including resistance to high temperatures and chemicals, make Inconel the ideal material for tough situations. For instance, polyamide is used to create fluids like engine lubricants and vehicle parts that are exposed to high temperatures. Parts made of PA 6 and PA 6,6 are generally lighter than metallic ones. The efficiency of typical IC-powered cars can be greatly increased by this factor. The economy of the car is more important when choosing a vehicle because of the high cost of petrol and growing environmental concerns.
Over the past few years, the automobile industry has seen a paradigm change in favour of electric vehicles. Major automakers are already placing significant bids for the future of electric vehicles, including Ford, General Motors, Volkswagen, Toyota, and Tata Motors. Keeping a high power-to-weight ratio is one of the biggest challenges facing the electric vehicle sector. Utilising lighter materials can be essential in lowering the overall weight of the electric car because lighter vehicles have an impact on battery size. Due to the substantial expansion in the population, developing economies like China and India are projected to have an increase in demand for mobility solutions during the projection period. The demand for both commercial and passenger automobiles is anticipated to increase due to the increased spending power of customers in developing economies. Due to their better qualities, advanced engineering materials are projected to be widely used in the production of vehicle parts. Thus, it is projected that increased demand for the material from the automotive industry will propel market expansion.
The most urgent issue the world is currently facing is plastic pollution. Both PA 6 and PA 6,6 are non-biodegradable and last for many years in the environment. Micro-plastics, which are produced as larger plastics break down, are harmful to the environment. Aquatic animals consume microplastics that pollute the oceans. In addition to synthetic textile fibres that degrade after washing, fishing nets are one of the main causes of micro-plastic pollution in the ocean. Since a substantial portion of polymers are often manufactured in nations with laxer environmental rules, dyeing fibres can cause severe water contamination. One of the main causes of water contamination in developing economies is the manufacture and processing of polyamide. In addition, production requires a lot of energy. As a result, the production process uses more fuel, which leads to the generation of greenhouse gases. In the last ten years, consumers have grown more conscious of and worried about environmental health. Governments and international organisations are developing methods to track the negative impact of polymers with the help of the commercial sector. To meet the high standards, businesses that employ polyamide and related polymers must restrict and regulate their use. This element can limit market expansion.
Report Coverage
Global Nylon research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Nylon report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Nylon competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Nylon market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Nylon market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Nylon market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Nylon market based on the below-mentioned segments:
Global Nylon Market, By Type
Nylon 6 {Resin & Fiber}
Nylon 6,6 {Resin & Fiber}
Global Nylon market, By Application
Automotive
Electrical & Electronics
Appliances
Film & Coating
Wire & Cable
Consumer
Industrial & Machinery
Others
Global Nylon market, Regional Analysis
The rapid expansion of the Chinese market and the steady expansion of the European automobile sector are the main causes of the production rise. The automotive sector has expanded significantly recently, particularly in the Asia Pacific region. One of the main drivers of this sector's expansion has been the improvement of socioeconomic trends and infrastructure. Major businesses have moved their manufacturing bases to nations like China, India, and Indonesia as a result of favourable legislation, the availability of labour, and government initiatives to offer enticing FDI regulations.
Currently, raw materials make up about 45% of the total cost of making vehicles. In the automotive sector, steel and aluminium are the preferred raw materials. Raw material trends, however, are anticipated to drastically shift as a result of the strict restrictions focusing on enhancing fuel efficiency and limiting CO2 emissions at manageable levels. Nylon 6 is used in films and coatings for various purposes to stop corrosion in raw materials.
PA 6 and PA 6,6 are widely utilised in the automobile sector. More than 250 car production plants worldwide have stopped operations because to the COVID-19 outbreak. The demand has drastically decreased as a result, and it is anticipated that it will decrease by double digits in 2020 compared to 2019. Due to new government regulations intended to revitalise the industrial industry, a slow recovery is anticipated.
Nylon has a great degree of workability, strength, and durability, and as a result, it is frequently employed in the automobile sector. The polymer facilitates the moulding and extrusion operations, enabling the production of a range of vehicle parts. Its qualities, including resistance to high temperatures and chemicals, make Inconel the ideal material for tough situations. For instance, polyamide is used to create fluids like engine lubricants and vehicle parts that are exposed to high temperatures. Parts made of PA 6 and PA 6,6 are generally lighter than metallic ones. The efficiency of typical IC-powered cars can be greatly increased by this factor. The economy of the car is more important when choosing a vehicle because of the high cost of petrol and growing environmental concerns.
Over the past few years, the automobile industry has seen a paradigm change in favour of electric vehicles. Major automakers are already placing significant bids for the future of electric vehicles, including Ford, General Motors, Volkswagen, Toyota, and Tata Motors. Keeping a high power-to-weight ratio is one of the biggest challenges facing the electric vehicle sector. Utilising lighter materials can be essential in lowering the overall weight of the electric car because lighter vehicles have an impact on battery size. Due to the substantial expansion in the population, developing economies like China and India are projected to have an increase in demand for mobility solutions during the projection period. The demand for both commercial and passenger automobiles is anticipated to increase due to the increased spending power of customers in developing economies. Due to their better qualities, advanced engineering materials are projected to be widely used in the production of vehicle parts. Thus, it is projected that increased demand for the material from the automotive industry will propel market expansion.
The most urgent issue the world is currently facing is plastic pollution. Both PA 6 and PA 6,6 are non-biodegradable and last for many years in the environment. Micro-plastics, which are produced as larger plastics break down, are harmful to the environment. Aquatic animals consume microplastics that pollute the oceans. In addition to synthetic textile fibres that degrade after washing, fishing nets are one of the main causes of micro-plastic pollution in the ocean. Since a substantial portion of polymers are often manufactured in nations with laxer environmental rules, dyeing fibres can cause severe water contamination. One of the main causes of water contamination in developing economies is the manufacture and processing of polyamide. In addition, production requires a lot of energy. As a result, the production process uses more fuel, which leads to the generation of greenhouse gases. In the last ten years, consumers have grown more conscious of and worried about environmental health. Governments and international organisations are developing methods to track the negative impact of polymers with the help of the commercial sector. To meet the high standards, businesses that employ polyamide and related polymers must restrict and regulate their use. This element can limit market expansion.
Report Coverage
Global Nylon research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Nylon report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Nylon competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Nylon market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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 |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Nylon Market from 2021 to 2030.
- Market Forecast for Nylon Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Nylon competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Nylon
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Nylon market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Nylon market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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
Primary Target Market
- Market Players of Nylon
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Nylon market based on the below-mentioned segments:
Global Nylon Market, By Type
Nylon 6 {Resin & Fiber}
Nylon 6,6 {Resin & Fiber}
Global Nylon market, By Application
Automotive
Electrical & Electronics
Appliances
Film & Coating
Wire & Cable
Consumer
Industrial & Machinery
Others
Global Nylon market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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