Global Nylon Market

Global Nylon Market size was valued at US$ 24.26 Bn in 2019 and the total revenue is expected to grow at 6.1% through 2020 to 2026, reaching nearly US$ XX Bn.

The global Nylon market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Nylon report also provides trends by market segments, technology, and investment with a competitive landscape.

Global Nylon Market Overview:

Nylon is a versatile polymer material used in various applications including airbags, professional volleyball nets, among others. The adoption of Nylon in the automotive industry is a major driving factor for the Nylon market growth.

Global Nylon Market Dynamics:

Growing automotive industry production resulted in high growth in nylon product demand is driving the global Nylon market demand. Nylon is widely utilized in the manufacturing of tires and airbags, this, in turn, drives the market growth during the forecast period. The increasing demand for Nylon 6 in electrical and electronic, engineering plastics, and many applications also fuel the nylon market growth. In addition, dispersion in the textile and engineering plastic industry this factor is expected to drive the market growth during the forecast period 2020-2026.

The increasing need for strong, heat resistant, light-weight and aesthetic products in many end-use industries witness significant opportunities for the market players.

On the other side, growing environment-friendly substitutes hamper the market growth. Volatile raw material prices are another factor that acts as a restrain and major challenging factor for the Nylon market.

Global Nylon Market Segment Analysis:

By Product Type, the nylon market is segmented into Nylon 6, and Nylon 6, 6. The Nylon 6 segment held the largest market share of more than 56% in terms of revenue in 2019. The properties of PA make a Nylon cost-effective substitute for materials, including steel, bronze, brass, gunmetal, aluminum, plastics, and rubbers. These unique properties attract end-users of electric protection devices to utilize PA 6 in their products. Nylon 6 usage in many applications is recognized its reliability, utility, and supportive economics according to its cost and performance. The brilliant external finish of the product under reinforced conditions makes it a suitable product for applications. Additionally, Nylon 6 has significant demand from the premium carpet industry. Turkey is the largest distributor of Nylon for its extensive Nylon based industry.

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By Application, the market is segmented into Automotive, Electrical & Electronics, Appliances, Film & Coating, Wire & Cable, Consumer, Industrial & Machinery, and Others.

Global Nylon Market Regional Insights:

Asia Pacific Dominate the Global Nylon Market

The Asia Pacific accounted for around 40% share in terms of revenue in 2019. Availability of low-cost skilled labors and raw materials along with increased consumer spending power these factors act as a major driver for the Nylon market growth in this region. The presence of a giant and untapped market coupled with supportive government policies are attracting global end-use industries to set up their manufacturing and distribution facilities in the Asia Pacific, which drive the market demand in the region.

Nylon is acquiring consideration from electrical and gadget makers as plastic parts are more compact and can be effectively incorporated with different segments, accordingly working on the planning technique. It empowers producers to create more brilliant MCB having more slender dividers. Expanding concerns about the size and carbon footprint of electrical devices are significantly driving product demand.

In most of the Asia Pacific countries, the market reaches out with new entrants and new consumers, expecting a fall of a Nylon price. In emerging economies including South Korea and Japan, a quality approach about offering and prices is becoming a new trend as mainstream trademarks lose Nylon market share in the cheap and mid-range product segment because of changing consumer preferences.

The objective of the report is to present a comprehensive analysis of the Global Nylon market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Nylon market dynamics, structure by analyzing the market segments and project the Global Nylon market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Nylon market make the report investor’s guide.

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Global Nylon Market Scope: Inquire before buying

Global Nylon Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Global Nylon Market Key Players

• BASF SE
• DuPoint
• Nylon Corporation of America Inc.
• Shenma Industrial
• DSM
• Lanxess AG
• Huntsman Corp.
• AdvanSix, Inc.
• Ube Industries Ltd.
• Domo Chemicals
• Toray Industries, Inc.
• Ashley Polymers, Inc.
• Ascend Performance Materials LLC
• Toyobo Co. Ltd.
• Goodfellow Group
• Others

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