Nylon Market Size, Share, Growth Analysis, By Product type(Nylon 6 and Nylon 66), By Application(Automobile, Engineering plastic, Electronics and electrical, Textile and others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15A2220 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 62 |Figures: 66

Nylon Market Insights

Nylon Market size was valued at USD 31.1 billion in 2021 and is poised to grow from USD 33.03 billion in 2022 to USD 56.76 billion by 2030, at a CAGR of 6.2% during the forecast period (2023-2030).

Nylon is manufactured by polymerizing or adipic & hexamethylene diamine. The polymer is versatile and can be used in a variety of industries for different purposes. People's adoption of a product is often significant.The use of the polyamide is for airbags of vehicles as well as in professional volleyball nets. Industry players are continuing to improve their production capacities to meet the increasing demand from various end use industries. Nylon is a synthetic polymer made from lightweight materials that is tough and can be formed into a variety of objects. It has a chemical structure. It is a thermoplastic, silky material that after melting process can be converted into films, fibers and forms.

The  two synthetic polymers are known as nylons 6 and 66 known to be polyamides and it is used in the automotive, plastic and textile sectors. Nylons 6,6 are equipped with a 265 degree Celsius melting point for a high synthetic fiber and up to 36 000 psi tensile and 50 000 psi flexural strength. Nylon 6 and 66 are used for their high tensile strength, elasticity, and resistance to wear and tear in car parts and spares. The popularity of these materials is expected to grow worldwide. The low elongation, good handling, smooth and elastic biodegradable material make it useful in medicine, textiles, and fishing. The global nylon 6 & 66 market is expected to slow down as a result of its close substitute product and lower competitive price.

US Nylon Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 31.1 billion

Largest Segment

nylon 6

Fastest Growth

nylon 6

Growth Rate

6.2% CAGR

Global Nylon Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Nylon Market Segmental Analysis

The nylon 6,6 market is segmented into the on the basis of type and by application. Whereas ,By type is segmented into the Nylon 66 and Nylon 6.By application is segmented into the Automobile, Engineering plastic, Electronics and electrical, Textile and others. By region, it is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.

Nylon Market Analysis by Type

Nylon 6 fibers dominate the global market due to their strong adoption in the textile industry. The high mechanical strength, toughness, and wear resistance make it a popular choice for manufacturing webbing products, such as dog leashes, safety belts, luggage straps, and sports goods. Nylon 66 is a material with excellent elasticity, making it ideal and it is used in injection molding applications. To make plastic components for automotive, electronic appliances, and other industries nylon 6,6 predominantly used. The extrusion process is commonly used to produce films and coatings with healthy demand in the packaging industry, especially for food and fluid packaging such as grease and acidic food and oils.

Nylon Market Analysis by Application

The automotive segment accounts for a significant nylon market share in the global market. The high usability of resin and fiber in automotive products, such as tires, airbags, and injection-molded components, has resulted in high revenue generation from the automotive sector. To optimize fuel efficiency and reduce vehicle weight in the automotive industry the demand for plastics is continuously increasing. With more electric cars on the market and more charging infrastructure being put in place, engineering plastics are expected to play a major role in the future. The film and coating segment accounts for a prominent share in the global market. Un-oriented polymer and bi-axially oriented films exist in polyamide films. These films are dominantly used to package goods & products that need a high oxygen barrier and high strength.

Global Nylon Market By Type, 2023 (%)

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Nylon Market Regional Insights

The market in Asia pacific stood at USD 13.31 billion in 2021 and it is anticipated to remain dominant owing to the increasing demand from automotive and films & coating applications for the packaging industry during the forecast period. The demand for goods and services in the region is huge, driven by developing economies such as China and India. China accounts for more than half of the total consumption and production in the region.

North America is one of the largest producers of the product. The automotive industry operates in the regional market. In recent years, the US has witnessed a fastest increase in electric vehicle sales. Which is likely to continue during the forecast period. Department of energy ,electric vehicles sales have increased by 85% in 2021 compared to the previous year. The European market is expected to grow average over the forecast period. European lawmakers are introducing attractive norms such as subsidies to increase the sales of electric vehicles. Germany has increased the subsidy granted on electric vehicles and extended the environmental bonus criterion to electric vehicle owners until the end of 2025. Latin America and the middle east & Africa regions account for single digit shares in the global market. mExico is the consumer in Latin America.

Global Nylon Market By Geography, 2024-2031
  • Largest
  • Fastest

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Nylon Market Dynamics

Nylon Market Drivers

Rise in Demand from Automotive Industry to Fuel Market Growth

  • Nylon is highly used in the automotive industry due to its high workability, stress and toughness and it is generally used in the automotive industry. The polymer is a good supporter of both molding and extrusion processes, making it useful for manufacturing a variety of auto parts. Auto parts which are exposed to high temperatures and fluids, such as engine lubricants, are made from polyamide. PA 6 and PA 6,6 parts are comparatively lighter than the metallics components. This factor can have a significant impact on the efficiency of conventional IC-powered vehicles. The increasing cost of gasoline and concerns about the environment are leading people to consider the vehicle economy when purchasing a car.

Nylon Market Restraints

Restrictions Against Usage of Plastic to Hinder Market Growth

  • Strict regulation for the reduction of negative environmental impacts to hinder market growth. Plastic pollution is one of the biggest environmental concerns facing the world today. Nylon 6 and nylon 6,6 are not biodegradable and will remain in the environment for several years. The negative environmental impact is micro plastic which is formed due to the breakdown of microscopic plastic.Fishing nets are the major sources of micro plastic pollution in the ocean other than the synthetic textile fiber that wear off during washing.

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Nylon Market Competitive Landscape

The competition among nylon manufacturers is common in the nylon market, due to the presence of a number of global and regional players. Raw materials suppliers play an important role in the value chain by providing the basic raw materials that are needed to start the manufacturing process of nylon products.

Nylon Market Top players company profiles

  • AdvanSix
  • Ube Industries Ltd.
  • Domo Chemicals
  • TORAY INDUSTRIES, INC.
  • Ashley Polymers, Inc.
  • Ascend Performance Materials
  • TOYOBO CO., LTD.
  • Goodfellow

Nylon Market Recent Developments

  • In March 2022, BASF planned to expand the production capacity of its polyamide In india. The increase in capacity expansion is aimed to meet the growing requirement of nylon 6 and nylon 6,6 in domestic end use industries such as automotive, electronics, consumer goods, and industrial manufacturing.
  • In January 2022, BASF announced its plan to expand its nylon 6,6 production in Freiburg, Germany. BASF has also decided to build a new hexamethylenediamine plant in Schlampe, France. HMD is a precursor used in producing nylon 6,6 plastics and coating raw material.This plant is expected to start production on by 2024.
  • In January 2022, Invista and China pingmei shenma group signed agreements to establish a strategic relationship. These agreements include a five year plan for the purchase and sale of adipic acid and adiponitrile and the license of ley technologies for polyamide manufacturing.

Nylon Key Market Trends

  • 3D printing will change the future of the global nylon market. Excellent malleability makes them much tougher than other traditionally used thermoplastic such as PLA and ABS . These polymers have the potential to become a popular printing material for 3-D printers. The flexibility and durability of polyamide can help in 3-D printing parts with thin walls.

Nylon Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, The nylon 6,6 market, Automobile manufacturers are likely to use nylon 6 in larger quantities because of the environmental benefits and the advantages it offers with respect to global emission regulations. Various novel strategies will shape the future of the global nylon market.

Report Metric Details
Market size value in 2023 USD 31.1 billion
Market size value in 2031 USD 56.76 billion
Growth Rate 6.2%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product type
    • Nylon 6 and Nylon 66
  • Application
    • Automobile, Engineering plastic, Electronics and electrical, Textile and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • AdvanSix
  • Ube Industries Ltd.
  • Domo Chemicals
  • TORAY INDUSTRIES, INC.
  • Ashley Polymers, Inc.
  • Ascend Performance Materials
  • TOYOBO CO., LTD.
  • Goodfellow
Customization scope

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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Nylon Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Nylon Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Nylon Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nylon Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nylon Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Nylon Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Nylon Market size was valued at USD 31.1 billion in 2021 and is poised to grow from USD 33.03 billion in 2022 to USD 56.76 billion by 2030, at a CAGR of 6.2% during the forecast period (2023-2030).

The competition among nylon manufacturers is common in the nylon market, due to the presence of a number of and regional players. Raw materials suppliers play an important role in the value chain by providing the basic raw materials that are needed to start the manufacturing process of nylon products. 'BASF SE', 'LANXESS', 'Huntsman International LLC', 'AdvanSix', 'Ube Industries Ltd.', 'Domo Chemicals', 'TORAY INDUSTRIES, INC.', 'Ashley Polymers, Inc.', 'Ascend Performance Materials', 'TOYOBO CO., LTD.', 'Goodfellow'

Nylon is highly used in the automotive industry due to its high workability, stress and toughness and it is generally used in the automotive industry. The polymer is a good supporter of both molding and extrusion processes, making it useful for manufacturing a variety of auto parts. Auto parts which are exposed to high temperatures and fluids, such as engine lubricants, are made from polyamide. PA 6 and PA 6,6 parts are comparatively lighter than the metallics components. This factor can have a significant impact on the efficiency of conventional IC-powered vehicles. The increasing cost of gasoline and concerns about the environment are leading people to consider the vehicle economy when purchasing a car.

3D printing will change the future of the nylon market. Excellent malleability makes them much tougher than other traditionally used thermoplastic such as PLA and ABS . These polymers have the potential to become a popular printing material for 3-D printers. The flexibility and durability of polyamide can help in 3-D printing parts with thin walls.

The market in Asia pacific stood at USD 13.31 billion in 2021 and it is anticipated to remain dominant owing to the increasing demand from automotive and films & coating applications for the packaging industry during the forecast period. The demand for goods and services in the region is huge, driven by developing economies such as China and India. China accounts for more than half of the total consumption and production in the region.

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