Global Nylon Market

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 News

  • 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.
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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 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. '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 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.

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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Global Nylon Market

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