Nylon Market Development, Awareness, Value, Benefits, Sales, Size, Forecast, Growth, Research by 2027.

Top Companies covered in the Nylon market are DuPont, BASF SE, Lanxess AG, Nylon Corporation of America, Inc. (NYCOA), Shenma Industrial, Ascend , Domo Chemicals , Radici Partecipazioni SpA, Invista, DSM, Formosa Group, SINOPEC, Ube Industries, LIBOLON, ZIG SHENG INDUSTRIAL CO., LTD, and m

The global nylon market size  is expected to reach USD 28.79 billion by 2027 while exhibiting a CAGR of 5.99% 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 Industry 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 a significant growth in the forthcoming years.

 

 

What does the Report Include?

The global market for nylon 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 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 nylon 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 a significant growth owing to the growing automotive industry and the increasing production of nylon 66 polymers by the manufacturers between 2020 and 2027.

 

List of the Companies Profiled in the Market:

 

  • DuPont
  • BASF SE
  • Lanxess AG
  • Nylon Corporation of America, Inc. (NYCOA)
  • Shenma Industrial
  • Ascend
  • Domo Chemicals
  • Radici Partecipazioni SpA
  • Invista
  • DSM

 

Information Source:

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

 

 

 


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