Nylon Market Size, Share & Trends Analysis, by Type (Nylon 6,6, and Nylon 6), by Application (Automotive, Electrical & Electronics, Textile, Films & Coating), by Region and Segment, Forecast Period-2022 – 2030 (Updated Version Available)

Key Market Overview:

Nylon Market size was valued at USD 22.9 Billion in 2021, registering a CAGR of 4.2% during the forecast period (2022-2030), and the market is projected to be worth USD 33.1 Billion by 2030.

The increased demand by manufacturers for the production of lightweight automotive parts with nylon and related plastic polymer alternatives to replace the conventional steel and aluminum components is expected to positively drive the industry growth. For instance, according to a research paper published by the Economics & Statistics Department American Chemistry Council in 2018, over 5.8 billion pounds of polymer and plastics composites valued at USD 7.7 billion were used in assembling over 16.81 million light vehicles in Canada, United States, and Mexico with on an average USD 458 worth plastic component on each vehicle. Thus, the rising usage of nylon especially for the production of exterior automotive components such as front-end grilles, exterior mirrors, tailgates, handles, fuel caps, and wheel covers is anticipated to boost the market growth during the forecast period.

Additionally, the growing research and development in terms of chemical alternatives to conventional, environmentally harmful production materials are anticipated to contribute to the overall economic advancement during the projected period. For instance, as per the report named Chemical and Petrochemical Statistics at a Glance – 2021 published by the Government of India, Ministry of Chemicals and Fertilizers, the Gross Value Added (GVA) of the chemical sector is expected to witness a significant CAGR growth rate of over 12.59% from 2019-2020. Thus, the increasing adoption of nylon and related materials as substitutes for conventional materials is estimated to improve the industry growth. In the context of the region, Asia Pacific is anticipated to contribute to the growth of the nylon market. The increased availability of raw materials especially low-cost nylon and plastic polymers combined with the rising use of nylon-based materials in expanding industrial processes is projected to accelerate the market growth in the Asia Pacific region.

Market Dynamics:

Nylon, also known as polyamide, is a synthetic plastic material made up of polymerizing caprolactam or hexamethylene diamine and adipic acid. Additionally, the material is cast, drawn, or extruded through spinnerets from the solution or melt to form filaments, fibers, sheets, or bristles to be manufactured into the fabric, yarn, and cordage.

Driver:

The increased adoption of nylon in the automotive industry due to high workability in extrusion and molding processes, high resistance against heat, chemical, and other abrasive conditions, and growing emphasis on power-to-weight ratio especially in electric vehicles are the major factors that fuel the growth of the nylon market statistics during the forecast period owing to the huge usage for the production of automotive components. Additionally, the increased demand of nylon for the production of silicon carbide chips, semiconductors, and wet and dry paper coupled with printmaking applications such as paint, powder, and paint also boost the market growth during the forecast period.

Restraint:

The non-biodegradability leading to the increased plastic pollution caused by micro-plastics restricts the market growth owing to the strict government regulations for the reduction of negative environmental impacts. Additionally, the increased water pollution due to the dyeing processes of nylon fabric and rising greenhouse emissions from such growing polyamide production especially in developing nations such as Mexico, Brazil, and India, and the threat of alternatives such as para-aramid synthetic fibers, polyvinylidene fluoride, polypropylene, and polyhydroxyalkanoate (PHA) polymers are anticipated to hamper the industry processes during the forecast period.

Opportunity:

The growing research and development in existing nylon-based alternatives in terms of new technologies such as 3D printing of components such as functional interlocking gears and the rising adoption of nylon as a substitute to conventional thermoplastics are anticipated to create profitable opportunities due to excellent malleability and strength of nylon.

COVID-19 Impact:

The nylon market has been significantly impacted due to the COVID-19 pandemic in many different parts of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. However, the circumstances have stabilized and as a result, it is determined that COVID-19’s overall impact on the industry is moderate. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.

Nylon Report Coverage:

Report Attributes	Report Details
Study Timeline	2016-2030
Market Size in 2030 (USD Billion)	33.1 Billion
CAGR (2022-2030)	4.2%
By Type	Nylon 6,6, and Nylon 6
By Application	Automotive, Electrical & Electronics, Textile, Films & Coating, Industrial & Machinery
By Geography	North America– (U.S., Canada, Mexico) Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, and the Rest of MEA)
Key Players	Domo Chemicals, Huntsman International LLC, Ascend Performance Materials, Ube Industries Ltd., LANXESS, Ashley Polymers, Inc., BASF SE, AdvanSix, TORAY INDUSTRIES, INC., TOYOBO CO., LTD., Goodfellow

Market Segmentation:

By Type

The type segment is bifurcated into nylon 6 and nylon 6,6. In 2021, the nylon 6 segment is estimated to contribute the largest share during the forecast period. The factors such as the low-cost alternatives for materials such as aluminum, gunmetal, rubbers, bronze, brass, and other plastics due to high tensile and impact strength, and elasticity coupled with increased use in the production of glass and carbon fibers for improved performance are expected to support the growth of nylon 6 segment during the projected period. Furthermore, the nylon 6,6 segment is also anticipated to register the fastest CAGR growth in 2021. The factors such as improved resistance to wear due to its low moisture absorption property, and high dimensional stability especially in electrical safety devices which require high water, heat, and electromechanical resistance for proper functioning are also estimated to support the growth of nylon 6, 6 segment during the forecast period.

By Application

The application segment is separated into automotive, electrical & electronics, wire & cable, films & coating, and industrial & machinery. The automotive segment is expected to contribute the largest share of over 35.2% during the forecast period. The factors such as increased use in the production of automotive components such as air intake manifolds, airbag containers, bezels, automotive cooling systems, hydraulic clutch lines, and headlamps, growing awareness of environmental sustainability for weight reduction coupled with features such as improved fuel efficiency, excellent mechanical properties and wear resistance are expected to support the growth of the automotive segment. Additionally, the films & coating segment is also projected to contribute the second-largest revenue share to the nylon market statistics. The factors such as rising demand for nylon-based products such as bi-axially oriented (BOPA) films and un-oriented polymers as food packaging due to high strength and improved oxygen barrier coupled with the stringent ban against single-use plastics around the world are expected to boost the growth of films and coating segment during the forecast period.

By Region

The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. Asia Pacific is expected to contribute the largest share of over 40.1% in 2021. The factors such as the large availability of labor in the industries, rising purchasing power among the population, and favorable government policies for setting up distribution and manufacturing facilities are estimated to accelerate the nylon industry growth in the Asia Pacific region.

Europe is also expected to register the fastest CAGR growth during the projected period owing to the factors such as the high purchasing power of the population, rising awareness for reduced carbon footprint, and growing rate of industrialization which is anticipated to boost the presence of nylon industry in the European region.

Nylon Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-

• Domo Chemicals
• Huntsman International LLC
• Ascend Performance Materials
• Ube Industries Ltd.
• LANXESS
• Ashley Polymers, Inc.
• BASF SE
• AdvanSix
• TORAY INDUSTRIES, INC.
• TOYOBO CO., LTD.
• Goodfellow

Table of Content

1. Introduction
   • Market Introduction
   • Market Research Methodology
     • Research Process
     • Primary Research
     • Secondary Research
     • Data Collection Technique
     • Data Sources
   • Market Estimation Methodology
     • Limitations of the Study
   • Product Picture of Nylon
   • Global Nylon Market: Classification
   • Geographic Scope
   • Years Considered for the Study
   • Research Methodology in brief
   • Parent Market Overview
   • Overall Nylon Market Regional Demand
   • Research Programs/Design
   • Market Breakdown and Data Triangulation Approach
   • Data Source
   • Secondary Sources
   • Primary Sources
   • Primary Interviews
   • Average primary breakdown ratio
2. Market Dynamics
   • Drivers
     • Drivers
   • Restraints
     • Restraints
   • Opportunity
     • Impact forces on market dynamics
     • Impact forces during the forecast years
   • Industry Value Chain
     • Upstream analysis
     • Downstream analysis
     • Distribution Channel
     • Direct Channel
     • Indirect Channel
   • Potential Customers
   • Manufacturing/Operational Cost Analysis
   • Pricing Analysis by Region
   • Key Technology Landscape
   • Regulatory Analysis
   • Porter’s Analysis
     • Supplier Power
     • Buyer Power
     • Substitution Threat
     • Threat from New Entry
     • Competitive Rivalry
   • PESTEL Analysis
   • Political Factors
   • Economic Factor
   • Social Factors
   • Technological Factor
   • Environmental Factors
   • Legal Factor
   • Covid-19 impact on Global Economy
   • Covid-19 impact on Nylon demand
   • Post-Covid Impact on Nylon Market Demand
   • Impact Analysis of the Russia-Ukraine Conflict
3. Global Nylon Market Segmentation, by Volume (Kilograms) & Revenue (USD Billion), (2022-2030)
   • By Type
     • Nylon 6
     • Nylon 6,6
   • By Application
     • Automotive
     • Electrical & Electronics
     • Textile
     • Films & Coating
     • Industrial & Machinery

4. Global Nylon Market Overview, By Region
   • North America Nylon Market Volume (Kilograms) & Revenue (USD Billion), by Countries, (2022-2030)
     • US
       • By Type
       • By Application
     • Canada
     • Mexico
   • Europe Nylon Market Volume (Kilograms) & Revenue (USD Billion), by Countries, (2022-2030)
     • France
     • UK
     • Spain
     • Russia
     • Italy
     • BENELUX
   • Asia Pacific Nylon Market Volume (Kilograms) & Revenue (USD Billion), by Countries, (2022-2030)
     • China
     • Japan
     • Australia
     • South Korea
     • India
     • ASEAN

5. Latin America Nylon Market Volume (Kilograms) & Revenue (USD Billion), by Countries, (2022-2030)
   • Brazil
   • Argentina
   • Chile
6. Middle East and Africa Nylon Market Volume (Kilograms) & Revenue (USD Billion), by Countries, (2022-2030)
   • GCC
   • Turkey
   • South Africa
7. Global Nylon Market Revenue: Competitive Analysis, 2021
   • Key strategies by players
   • Revenue (USD Billion and %), By manufacturers, 2021
   • Player Positioning by Market Players, 2021
8. Competitive Analysis
   • Domo Chemicals
     • Business Overview
     • Business Financials (USD Billion)
     • Product Category, Type, and Specification
     • Main Business/Business Overview
     • Geographical Analysis
     • Recent Development
     • Swot Analysis
   • Huntsman International LLC
   • Ascend Performance Materials
   • Ube Industries Ltd.
   • LANXESS
   • Ashley Polymers, Inc.
   • BASF SE
   • AdvanSix
   • TORAY INDUSTRIES, INC.
   • TOYOBO CO., LTD.
   • Goodfellow
9. Market Research Findings & Conclusion

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