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Nylon Market Size, Analysis, Share, Research, Business Growth and Forecast to 2027

The global nylon market size is expected to reach USD 28.79 billion by 2027 while exhibiting a CAGR of 6.0% between 2020 and 2027.


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4 months ago | 4 min read
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The global nylon market size is expected to reach
USD 28.79 billion by 2027 while exhibiting a CAGR of 6.0% between 2020 and
2027. This is attributable to the increasing focus on developing innovative
products and the growing demand for nylon 66 in the packaging industry across
the globe. Fortune Business Insights™, in its latest report, titled, “Nylon
Market Size, Share & COVID-19 Impact Analysis, By Type (Nylon 6 {resin
& fiber} Nylon 6,6 {resin & fiber}), By Application (Automotive,
Electrical & Electronics, Appliances, Film & Coating, Wire & Cable,
Consumer, Industrial & Machinery and others), and Regional Forecast,
2020-2027,” observes that the market stood at USD 24.26 billion in
2019 and is projected to experience significant growth in the forthcoming
years.



 



COVID-19 Results in Temporary Shutdown of Production across
Industries



To contain the spread of the novel coronavirus, the global
government agencies have announced a lockdown that has led to the complete halt
of operational and production activities. Owing to strict regulations to follow
social distancing and avoid contact, several industries such as packaging, food
& beverage, and automotive, among others are experiencing unprecedented
economic loss that is anticipated to hinder the market growth to some extent.
However, supportive initiatives by the government to work with minimal
workforce and adhere to strict social distancing to resume partial operations
are expected to positively impact the market growth in the near future. 



Nylon is a type of polymer that is produced by the reaction
between carbon-based chemicals that are usually found in petroleum and coal
under high pressure. It is widely adopted to manufacture plastic machine parts
and electronics owing to its high tensile strength, non-conductivity, heat
resistance, and low-cost properties. Additionally, it is used for manufacturing
bolts, screws, nuts, and washers in the automotive industry across the globe.



 



List of the Companies Profiled in the Market:




  • DuPont (U.S.)

  • BASF SE
    (Germany)

  • Lanxess AG
    (Germany)

  • Nylon
    Corporation of America, Inc. (NYCOA) (U.S.)

  • Shenma
    Industrial (China)

  • Ascend
    (Thailand)

  • Domo Chemicals
    (Belgium)

  • Radici
    Partecipazioni SpA (Italy)

  • Invista (U.S.)

  • DSM (The
    Netherlands)

  • Formosa Group
    (Taiwan)

  • SINOPEC (China)

  • Ube Industries
    (Japan)

  • LIBOLON (Japan)

  • ZIG SHENG
    INDUSTRIAL CO., LTD. (Taiwan)

  • Other



 



What does the Report Include?



The global market report includes quantitative and qualitative
analysis of several factors such as the key drivers and restraints that will
impact growth. Additionally, the report provides insights into the regional
analysis that covers different regions, which are contributing to the growth of
the market. It includes the competitive landscape that involves the leading
companies and the adoption of strategies by them to introduce new products,
announce partnerships, and collaborations that will contribute to the growth of
the market between 2020 and 2027. Moreover, the research analyst has adopted
several research methodologies such as PESTEL and SWOT analysis to extract
information about the current trends and industry developments that will drive
the market growth in the forthcoming years.



 



DRIVING FACTORS



Increasing Adoption of Product from the Packaging Industry to
Favor Growth



Polymeric products such as nylon 66 have excellent properties such
as high elasticity that are extensively adopted across several industries. For
instance, they are adopted as films and coatings in the packaging industry
owing to their high tensile strength and toughness. The industrial applications
include packaging of food and fluids such as oils, grease, and acidic food and
they are in great demand across other industrial applications. Additionally,
the increasing focus on developing advanced nylon products to cater to the
increasing consumer demand is expected to bode well for the growth of the
global nylon market in the forthcoming years.



 



 



SEGMENTATION



Automotive Segment Held 39.0% Market Share in 2019



The automotive segment, based on application, held a market share
of about 39.0% in 2019 and is expected to showcase an exponential growth owing
to the increasing adoption of resin and fiber in the manufacturing of
automobile tires globally.



 



REGIONAL INSIGHTS



Increasing Demand for Films & Coating in Asia-Pacific to Aid
Growth



Among all the regions, the market in Asia-Pacific stood at USD
13.92 billion in 2019 and is expected to hold the highest position in the
global market during the forecast period. This is attributable to the
increasing demand for films and coating from the packaging industry in
countries such as India and China in the region.



North America is anticipated to experience significant growth
owing to the growing automotive industry and the increasing production of nylon
66 polymers by the manufacturers between 2020 and 2027.



 



COMPETITVE LANDSCAPE



Major Companies Focus on Product Expansion Facilities to Strengthen
Their Market Positions



The global nylon market is fragmented by the presence of several
major companies that are focusing on consolidating their positions by expanding
their production facilities and cater to the increasing demand for the product
across several industrial applications. The other key players are adopting
strategies such as merger and acquisition, partnership, and collaboration to
maintain their presence in the highly competitive global marketplace.



 



Detailed Table of Content:




  • Introduction


  • Executive
    Summary

  • Market Dynamics


  • Key Insights


  • Qualitative
    Insights- Impact of COVID-19 on Market


  • Global Nylon
    Market Analysis, Insights and Forecast, 2016-2027



TOC Continued…!



Industry Development



September 2018 – INVISTA, a leading
manufacturer of polymeric materials, announced the expansion of its facility
located at Shanghai Chemical Industry Park (SCIP), China. The company is
expected to add 40 kilotons of nylon 66 to its production facility by 2020 to
cater to the increasing consumer demand across Asia-Pacific region.



 



Source:



https://www.fortunebusinessinsights.com/nylon-market-102007



About Us:



Fortune Business Insights™ delivers accurate
data and innovative corporate analysis, helping organizations of all sizes make
appropriate decisions. We tailor novel solutions for our clients, assisting
them to address various challenges distinct to their businesses. Our aim is to
empower them with holistic market intelligence, providing a granular overview
of the market they are operating in.



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Read Press Release:



https://www.fortunebusinessinsights.com/press-release/nylon-market-9539



 



 







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