Nylon

Nylon

Global Nylon Market to Reach US$58.2 Billion by 2030

The global market for Nylon estimated at US$37.4 Billion in the year 2023, is expected to reach US$58.2 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2023-2030. Nylon 6, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$30.8 Billion by the end of the analysis period. Growth in the Nylon 6,6 segment is estimated at 7.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.8 Billion While China is Forecast to Grow at 9.9% CAGR

The Nylon market in the U.S. is estimated at US$9.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.8 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.9% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Nylon - Key Trends and Drivers

Nylon, a synthetic polymer first developed by DuPont in 1935, has become an essential material in various industries due to its versatility, strength, and durability. Initially introduced as a replacement for silk in products like stockings and parachutes, nylon`s applications have since expanded dramatically, touching almost every aspect of modern life. Nylon`s ability to be extruded into fibers, films, or shapes has made it invaluable in producing textiles, carpets, and clothing, as well as in manufacturing robust mechanical parts and components. In the textiles industry, nylon`s lightweight nature, resilience, and resistance to mildew and mold make it ideal for activewear, hosiery, and swimwear. Additionally, its application extends into home furnishings, where it is used in carpets, upholstery, and drapery due to its durability and ease of maintenance. Also, nylon`s mechanical properties such as high tensile strength, excellent abrasion resistance, and low friction make it suitable for use in industrial applications, including gears, bushings, bearings, and automotive parts where longevity and reliability are crucial.

Advancements in nylon production have led to the development of various grades and types, including nylon 6, nylon 6,6, and specialty nylons with enhanced properties such as increased heat resistance, flame retardance, and reduced water absorption. These innovations have opened new markets and applications, particularly in the automotive and electronics industries, where materials need to withstand high temperatures and mechanical stress. For example, nylon 6,6 is frequently used in high-stress applications like engine components and electrical connectors due to its superior heat resistance and mechanical strength. In the textile industry, the ability to blend nylon with other fibers has enabled the creation of fabrics that combine the best qualities of each material, such as stretchability, moisture-wicking capabilities, and enhanced durability. This has been particularly beneficial in the growing athleisure market, where consumers demand high-performance, comfortable clothing that can transition from workout to casual wear seamlessly. Additionally, the push towards sustainability has led to the development of bio-based nylons derived from renewable sources such as castor oil, reducing the environmental impact associated with traditional petroleum-based production processes. These bio-based nylons offer similar performance characteristics to their conventional counterparts, making them attractive alternatives in various applications.

The growth in the nylon market is driven by several factors. The automotive industry`s demand for lightweight, high-performance materials has spurred the adoption of nylon for parts such as air intake manifolds, radiator end tanks, and under-the-hood components. The use of nylon in these applications contributes to overall vehicle weight reduction, which in turn improves fuel efficiency and reduces emissions. This is particularly pertinent as automotive manufacturers strive to meet stringent regulatory standards for fuel economy and emissions. In the textile sector, the increasing popularity of athleisure and performance wear has accelerated the demand for nylon fabrics due to their durability, flexibility, and ability to maintain shape and appearance after repeated use and washing. Consumer behavior trends, such as a growing preference for high-quality, long-lasting products, have also boosted the market for nylon-based goods, as these materials are known for their resilience and longevity. Furthermore, the rise of electric vehicles and renewable energy infrastructure has expanded the market for nylon components used in battery housings, wind turbine blades, and solar panel mounts, where materials must endure harsh environmental conditions and mechanical stresses. Regulatory trends promoting sustainable materials and the development of circular economies have driven the shift towards recyclable and bio-based nylon. Investments in recycling technologies and initiatives to improve the lifecycle management of nylon products are further supporting this transition. Together, these factors paint a comprehensive picture of the dynamic and evolving nylon market, highlighting its significant role in various industries and its potential for future growth driven by technological advancements and changing consumer and regulatory landscapes.

Select Competitors (Total 98 Featured) -

• AdvanSix Inc.
• Arkema Group
• Asahi Kasei Chemicals Corporation
• BASF SE
• Beaver Manufacturing Co., Inc.
• DOMO Chemicals
• Dow Inc.
• Evonik Industries AG
• Formosa Plastics Group
• Huntsman Corporation
• INVISTA
• Koch Industries Inc.
• Lanxess AG
• Li Heng Chemical Fibre Technologies Limited
• Li Peng Enterprise Co. Ltd.
• MiniFIBERS Inc.
• Nexis Fibers AG
• Nylstar SA
• Royal DSM N.V.
• Sumitomo Chemical Co., Ltd.
• Toray Industries Inc.
• Ube Industries Ltd.
• Zhejiang Jinsheng Holding Group Co. Ltd.

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