According to the report, the global nylon market grew substantially in 2022. Aided by the increasing demand for lightweight, durable materials in various industries, and the diverse applications of nylon in sectors such as automotive, textile, and packaging, the market is projected to further grow at a CAGR of 5.70% between 2023 and 2028 to reach a value of USD 43.87 billion by 2028.
Nylon, a synthetic polymer, belongs to the family of aliphatic or semi-aromatic polyamides. It exhibits excellent strength, durability, resistance to wear and abrasion, and elasticity. Given its properties, it finds applications in numerous products, including clothing, automotive components, electrical and electronics housings, and industrial equipment.
The versatile nature of nylon makes it a preferred material in various sectors. In the automotive sector, the push towards lightweight and fuel-efficient vehicles has been a significant factor propelling the nylon market growth. It is used to manufacture various car components, including airbags, tires, and mechanical parts, due to its high tensile strength and excellent thermal resistance.
In the textile sector, nylon’s elasticity, lightweight nature, and ability to retain shape make it a popular choice for various apparels, especially sportswear and swimwear. It is also widely used in home furnishings due to its resistance to damage and its aesthetic appeal. These properties are escalating the nylon market demand.
The packaging sector benefits from nylon’s excellent barrier properties, making it a key material in food packaging where it helps to prolong shelf life and preserve freshness. It is also employed in medical sutures and surgical devices due to its high strength and biocompatibility.
Despite its advantages, nylon production is traditionally associated with significant environmental impact, primarily because it is derived from petrochemicals, and its manufacture requires high energy input and leads to nitrous oxide emissions. As global awareness of environmental sustainability grows, there has been an increased focus on the development of bio-based and recycled nylons. Companies are increasingly investing in research and technologies to produce more sustainable and eco-friendly nylon alternatives, reducing reliance on fossil fuels. This factor is further expanding the nylon market share.
In response to these challenges, new forms of nylon are emerging, which are derived from renewable sources such as plant-based materials and bio-waste. These innovative materials are capturing the attention of industries keen on reducing their environmental footprint while still benefiting from the desirable properties of nylon.
These high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
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The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Nylon, a synthetic polymer, belongs to the family of aliphatic or semi-aromatic polyamides. It exhibits excellent strength, durability, resistance to wear and abrasion, and elasticity. Given its properties, it finds applications in numerous products, including clothing, automotive components, electrical and electronics housings, and industrial equipment.
The versatile nature of nylon makes it a preferred material in various sectors. In the automotive sector, the push towards lightweight and fuel-efficient vehicles has been a significant factor propelling the nylon market growth. It is used to manufacture various car components, including airbags, tires, and mechanical parts, due to its high tensile strength and excellent thermal resistance.
In the textile sector, nylon’s elasticity, lightweight nature, and ability to retain shape make it a popular choice for various apparels, especially sportswear and swimwear. It is also widely used in home furnishings due to its resistance to damage and its aesthetic appeal. These properties are escalating the nylon market demand.
The packaging sector benefits from nylon’s excellent barrier properties, making it a key material in food packaging where it helps to prolong shelf life and preserve freshness. It is also employed in medical sutures and surgical devices due to its high strength and biocompatibility.
Despite its advantages, nylon production is traditionally associated with significant environmental impact, primarily because it is derived from petrochemicals, and its manufacture requires high energy input and leads to nitrous oxide emissions. As global awareness of environmental sustainability grows, there has been an increased focus on the development of bio-based and recycled nylons. Companies are increasingly investing in research and technologies to produce more sustainable and eco-friendly nylon alternatives, reducing reliance on fossil fuels. This factor is further expanding the nylon market share.
In response to these challenges, new forms of nylon are emerging, which are derived from renewable sources such as plant-based materials and bio-waste. These innovative materials are capturing the attention of industries keen on reducing their environmental footprint while still benefiting from the desirable properties of nylon.
Market Segmentation
The market can be divided based on type, application, and region.Market Breakup by Type
- Nylon 6
- Nylon 6,6
- Others
Market Breakup by Application
- Automotive
- Film and Coatings
- Industrial
- Consumer
- Electrical and Electronics
- Appliances
- Wire and Cables
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global nylon market.Some of the major players explored in the report are as follows:
- BASF SE
- E. I. du Pont de Nemours and Company
- Ascend Performance Materials LLC
- LANXESS Corporation
- Koninklijke DSM N.V.
- Solvay SA
- Invista
- Libolon Enterprise Co. Ltd
- Honeywell International Inc.
- Others
About the Analyst
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.These high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges11 Value Chain Analysis17 Industry Events and Developments
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Nylon Market Analysis
9 Regional Analysis
10 Market Dynamics
12 Trade Data Analysis (HS Code - 3908)
13 Price Analysis
14 Cost Analysis
15 Feedstock Analysis
16 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- BASF SE
- E. I. du Pont de Nemours and Company
- Ascend Performance Materials LLC
- LANXESS Corporation
- Koninklijke DSM N.V.
- Solvay SA
- Invista
- Libolon Enterprise Co. Ltd
- Honeywell International Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | October 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 33.25 Billion |
| Forecasted Market Value ( USD | $ 43.87 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
