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    Nylon Market Report

    Nylon Market Report
    Report code - SR1813 Delivery - 2 Weeks
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    Nylon Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
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    Market Insights

    The Nylon Market is 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.

    Nylon Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    US$ 29.4 billion

    Market Size in 2026

    US$ 41.8 billion

    Market Growth (2021-2026)

    6.1% CAGR

     

    Figure: Nylon Market Size, 2020-2026 (USD Billion)

     

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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 Nylon 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 Nylon market is mainly driven by growing demand for nylon from automobile applications, coupled with booming automobile industry. Also, significant infrastructure development and improving socio-economic trends bolster the product demand. Furthermore, availability of workforce, favorable regulations, and supportive initiatives by the government to offer attractive FDI regulations have led to key companies shifting their production sites to India, China, and Indonesia, thereby increasing the market growth potential.

    Segments Analysis

    Type Trends

    Based on type, the Nylon 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

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

    The North America Nylon market 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.

    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 global nylon market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

    • What are the key trends in the global nylon 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 global nylon market?
    • What are the key strategies adopted by the major vendors to lead in the global nylon market?
    • What is the market share of the top vendors?

    Target Audience

    The target audience of Nylon Market includes-

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

    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.

    Frequently Asked Questions (FAQs)

    The Global Nylon Market is 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.

    Key players operating in the global Nylon 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).

    The Nylon market is mainly driven by growing demand for nylon from automobile applications, coupled with booming automobile industry. Also, significant infrastructure development and improving socio-economic trends bolster the product demand.

    Asia Pacific Nylon market accounted for a significant share of almost 44% in 2020 and is expected to grow at a robust CAGR during the review period.

    The target audience of Nylon Market includes- Nylon Vendors, Nylon Manufacturers, Nylon Distributors, Organizations, Government Bodies.