Nylon Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Nylon Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Nylon Market


The global nylon market size was valued at USD 31.09 billion in 2023 and is projected to grow from USD 32.64 billion in 2024 to USD 48.86 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period.

The pandemic disrupted the nylon marketplace with supply chain interruptions and reduced calls for, especially in automobile and textiles. However, extended demand for nylon-based medical components mitigated losses, even as healing in numerous sectors and a developing hobby in sustainable materials contributed to a sluggish rebound, hindering the ascent of nylon market growth.

The increasing call for nylon in electrical and electronics, in addition to cord and cable packages, is using market growth due to its super residences like energy and thermal resistance. This surge is fueled by the increasing electronics industry's want for reliable substances to ensure secure and green electric signal transmission.

The nylon marketplace presents a significant transformation process as sustainability problems take a center degree.Consumers are increasingly becoming environmentally aware, and manufacturers are actively seeking strategies to reduce the environmental footprint of nylon manufacturing and intake, leading to the expansion of nylon market share globally. Sustainability isn't an afterthought in the nylon marketplace as clients call for green products to grow and technological upgrades hold; bio-based nylons and nylon recycling are poised to play a critical role in the destiny of nylon.

Comprehensive Analysis of Nylon Market

The nylon market is segmented based totally on kind and alertness. Nylon 6 holds a giant proportion in type because of its extensive adoption, especially in the textile industry, for products like safety belts, sports goods, and bag straps. On the other hand, Nylon 6,6 reveals widespread use in car and digital home equipment production due to its high elasticity, making it ideal for injection molding applications and film & coating production. In terms of applications, the automobile sector leads in sales generation, pushed by using nylon resin and fiber in numerous car additives, including tire cords and airbags. Additionally, the film & coatings section holds a first-rate percentage, with polyamide films being considerably used in packaging for merchandise requiring excessive oxygen barrier and strength, which include processed meat and dairy merchandise.

The Asia Pacific region led the medical devices market by benefitting a size of USD 19.02 billion in 2023 due to its significant call for automotive and film & coating applications for the packaging industry, driven ordinarily using emerging economies, including China and India.

The leading players in the nylon market significantly influence its growth trajectory and set industry standards. These key players, including DuPont (U.S.), BASF SE (Germany), Lanxess AG (Germany), Nylon Corporation of America, Inc. (U.S.), Shenma Industrial Co., Ltd. (China), Ascend (U.S.), Domo Chemicals (Germany), Radici Partecipazioni SpA (Italy), Invista (U.S.), and DSM (Netherlands), contribute to a competitive landscape, driving innovation and market advancement.

In March 2022, BASF introduced intentions to reinforce the manufacturing ability of its Ultramid polyamide in India to cater to the growing call for PA 6 and PA 6,6 within home sectors like automotive, electronics, purchaser goods, and business production.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.1% from 2024 to 2032

Unit Value (USD Billion), Volume (Kiloton)

Segmentation By Type

Nylon 6

-Resin

-Fiber

Nylon 6,6

-Resin

-Fiber

By Application

Automotive

Electrical & Electronics

Appliances

Film & Coating

Wire & Cable

Consumer

Industrial & Machinery

Others

By Geography

North America {By Type, By Application, By Country}

-U.S.

-Canada

Europe {By Type, By Application, By Country}

-Germany

-France

-Italy

-Spain

-U.K.

-Rest of Europe

Asia Pacific {By Type, By Application, By Country}

-China

-Japan

-South Korea

-India

-Rest of Asia Pacific

Latin America {By Type, By Application, By Country}

-Mexico

-Brazil

-Rest of South America

Middle East & Africa {By Type, By Application, By Country}

-GCC

-South Africa

-Rest of Middle East & Africa