North America Nylon Market Size, Share & Trends Analysis Report By Material (Nylon 6, and Nylon 66), By Application (Automobile, Electrical & Electronics, Engineering Plastics, Textile, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Nylon Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,096.7 Kilo Tonnes, showcasing a growth of 4.7% (2019-2022).
The market refers to the industry involved in producing, distributing, and consuming nylon-based materials and products. This is a synthetic polymer with exceptional strength, durability, and versatility. It is a widely used material in various sectors, including textiles, automotive, electronics, consumer goods, industrial applications, and packaging. The market encompasses the entire value chain, from producing raw materials and polymer resins to manufacturing finished products and end-user applications. Key players in the market include chemical manufacturers, polymer producers, compounders, textile mills, converters, distributors, retailers, and end-users across diverse industries.
The market stands at the intersection of innovation, versatility, and durability, driving advancements across many industries. This, a synthetic polymer renowned for its strength and adaptability, has emerged as a cornerstone material in modern manufacturing, reshaping the landscape of textiles, automotive components, consumer goods, and industrial applications. It can withstand heavy loads, abrasion, and harsh environmental conditions, contributing to its widespread use in engineering plastics and structural components.
Mexico has become a prominent manufacturing centre for the automotive industry, which translates into its higher demand. According to the International Trade Administration (ITA), Mexico is the world’s seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. 88% of vehicles produced in Mexico are exported. Additionally, the production of EVs and hybrids totalled 51,065 units in 2022; this represented a growth of 8.5 percent compared to 2021. Furthermore, the increasing demand for hybrid and electric vehicles in Mexico significantly impacts the market. As Mexico solidifies its position as a key player in the automotive supply chain, the demand for lightweight, durable, and innovative solutions will continue growing, presenting opportunities for expansion and innovation within the market. Therefore, the expansion of the aerospace industry and growing construction are propelling the growth of the market.
The US market dominated the North America Nylon Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,294.8 million by 2030. The Canada market is experiencing a CAGR of 7.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.7% during (2023 - 2030).
Based on Material, the market is segmented into Nylon 6, and Nylon 66. Based on Application, the market is segmented into Automobile, Electrical & Electronics, Engineering Plastics, Textile, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- BASF SE
- Lanxess AG
- Huntsman Corporation
- UBE Corporation
- Domo Chemicals GmbH
- Toray Industries, Inc.
- Ascend Performance Materials LLC (SK Capital and Partners)
- Toyobo Co., Ltd.
- AdvanSix Inc.
- Goodfellow Cambridge Ltd. (Battery Ventures)
By Material (Volume, kilo Tonnes, USD Billion, 2019-2030)
- Nylon 6
- Nylon 66
- Automobile
- Electrical & Electronics
- Engineering Plastics
- Textile
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Nylon Market, by Material
- 1.4.2 North America Nylon Market, by Application
- 1.4.3 North America Nylon Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansion
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2022, Oct – 2024, Feb) Leading Players
- 4.4 Porter’s Five Forces Analysis
- Chapter 5. North America Nylon Market, By Material
- 5.1 North America Nylon 6 Market, By Country
- 5.2 North America Nylon 66 Market, By Country
- Chapter 6. North America Nylon Market, By Application
- 6.1 North America Automobile Market, By Country
- 6.2 North America Electrical & Electronics Market, By Country
- 6.3 North America Engineering Plastics Market, By Country
- 6.4 North America Textile Market, By Country
- 6.5 North America Others Market, By Country
- Chapter 7. North America Nylon Market, By Country
- 7.1 US Nylon Market
- 7.1.1 US Nylon Market, By Material
- 7.1.2 US Nylon Market, By Application
- 7.2 Canada Nylon Market
- 7.2.1 Canada Nylon Market, By Material
- 7.2.2 Canada Nylon Market, By Application
- 7.3 Mexico Nylon Market
- 7.3.1 Mexico Nylon Market, By Material
- 7.3.2 Mexico Nylon Market, By Application
- 7.4 Rest of North America Nylon Market
- 7.4.1 Rest of North America Nylon Market, By Material
- 7.4.2 Rest of North America Nylon Market, By Application
- Chapter 8. Company Profiles
- 8.1 BASF SE
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Product Launches and Product Expansions:
- 8.1.5.3 Acquisition and Mergers:
- 8.1.5.4 Geographical Expansions:
- 8.1.6 SWOT Analysis
- 8.2 Lanxess AG
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Geographical Expansions:
- 8.2.6 SWOT Analysis
- 8.3 Huntsman Corporation
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segment and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 SWOT Analysis
- 8.4 UBE Corporation
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Acquisition and Mergers:
- 8.4.6 SWOT Analysis
- 8.5 Domo Chemicals GmbH
- 8.5.1 Company Overview
- 8.5.2 Recent strategies and developments:
- 8.5.2.1 Partnerships, Collaborations, and Agreements:
- 8.5.2.2 Acquisition and Mergers:
- 8.5.3 SWOT Analysis
- 8.6 Toray Industries, Inc.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.6 SWOT Analysis
- 8.7 Ascend Performance Materials LLC (SK Capital and Partners)
- 8.7.1 Company Overview
- 8.7.2 Recent strategies and developments:
- 8.7.2.1 Product Launches and Product Expansions:
- 8.7.2.2 Acquisition and Mergers:
- 8.7.3 SWOT Analysis
- 8.8 Toyobo Co., Ltd.
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Recent strategies and developments:
- 8.8.4.1 Geographical Expansions:
- 8.8.5 SWOT Analysis
- 8.9 AdvanSix Inc.
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Regional Analysis
- 8.9.4 Research & Development Expenses
- 8.9.5 Recent strategies and developments:
- 8.9.5.1 Product Launches and Product Expansions:
- 8.9.6 SWOT Analysis
- 8.10. Goodfellow Cambridge Ltd. (Battery Ventures)
- 8.10.1 Company Overview
- 8.10.2 SWOT Analysis
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