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 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.