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

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.