Nylon Market Analysis & Forecast | 2021-2026

Market Insights

The nylon market was estimated to grow from USD 29.4 billion in 2020 to USD 41.8 billion by 2026 at a healthy CAGR of 6.1% during the forecast period.

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What is Nylon?

Nylon belongs to a family of synthetic polymers that finds widespread applications by end-use industries such as sports, automotive, and others. This highly versatile polymeric material can be melt-processed into fibers, films, and shapes. It plays a key role as an ingredient in a large number of engineering products such as oil containers, bearing, bushings, and fuse boxes, amongst others like wire harness connectors, cylinder head covers, timing belts, and crankcases.

Covid-19 Impact Analysis

The outbreak of COVID-19 negatively affected the nylon industry. The shutdown of manufacturing activities along with ban on transportation across the globe, affected the demand for non-linear optical materials. Most end use sectors including automobile, electrical & electronics, and textiles had to halt operations or are working at a limited capacity, thus adversely affected the product demand.

Key Players

Key players operating in the global market are-

• BASF SE (Germany)
• Lanxess AG (Germany)
• Huntsman Corporation (US)
• AdvanSix Inc (US)
• Ube Industries Ltd. (Japan)
• INVISTA (US)
• Domo Chemicals (Belgium)
• Toray Industries Inc. (Japan)
• Ashley Polymers Inc. (US)
• Ascend Performance Materials LLC (US) 

Market Dynamics

The market is driven by a host of factors, some of which are noted below:

Segment Analysis

Type Trends

The market has been bifurcated into Nylon 6 and Nylon 66. The Nylon 6 segment accounted for the largest market share of over 55% in 2020. Nylon 6 is a cheaper substitute for materials, such as bronze, steel, gunmetal, brass, plastics, aluminum, and rubbers. These properties attract electrical protection device companies to use PA 6 in their products, which further augments the segment growth.

Regional Trends

The Asia Pacific accounted for a significant share of almost 44% in 2020 and is expected to grow at a robust CAGR during the review period. The market growth is mainly propelled by easy availability of low-cost raw materials, cheap labor, and increased consumer spending power, and supportive government policies.

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The North America is expected to grow at a healthy CAGR during the review on account of growth of the major end-use industries such as textile and automotive. Also, ongoing research and development activities and presence of key product manufacturers, further promulgates the regional market growth.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Type 

• Nylon 6
• Nylon 66

By Application 

• Automobile
• Electrical & Electronics
• Engineering Plastics
• Textiles

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia and Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and Rest of Asia-Pacific
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Target Audience

The target audience of Nylon Market includes-

• Nylon Vendors
• Nylon Manufacturers
• Nylon Distributors
• Organizations
• Government Bodies.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the market. The historic years considered for the study are 2016-2019, base year is 2020 and the forecast period is 2021-2026. Following are the critical questions answered in the report.

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.