Global Polyamide or Nylon Waste Recycling Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polyamide or Nylon Waste Recycling Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polyamide has been used extensively since its creation in the 1940s and is now the second most used synthetic fibre after polyester. China is the largest producer of polyamide, followed by the USA and other Asian countries including Taiwan and South Korea. As a synthetic fibre, polyamide is subject to several sustainability issues as it is dependent on petrochemicals (oil, a non-renewable resource) and, like other man-made fibres, it is not biodegradable. The majority of the world’s polyamide fibre manufacturing occurs in Asia.

Recycled polyamide is a material recovered from waste. Raw material sources for recycled polyamide can be old fishing nets and carpets, or manufacturing waste. Pre-consumer or postconsumer polyamide waste can be recycled through mechanical or chemical processes. The recycling process begins with the collection of polyamide waste: fishing nets, fabrics, used carpets and industrial waste from landfills and oceans around the world. The collected waste is then sorted, cleaned, and recycled through a patented process.

Market Overview:

The latest research study on the global Polyamide or Nylon Waste Recycling market finds that the global Polyamide or Nylon Waste Recycling market reached a value of USD 556.55 million in 2022. It’s expected that the market will achieve USD 754.58 million by 2028, exhibiting a CAGR of 5.2% during the forecast period.

Industry Trends Under COVID-19

The cost and technology of polyamide recycling are big barriers for the market, and cooperation can effectively allocate resources and expand the market.

Working in partnership, Schneider Electric and DSM, are pioneering the use of recycled plastics made from fishing nets. Every year, approximately 640,000 tons of fishing nets are abandoned in the oceans, killing countless marine animals and damaging precious coral reefs. To tackle these challenges, DSM has established an initiative in which these discarded fishing nets are collected, sorted, and repurposed into a new glassfiber-reinforced, recycled-based polyamide with excellent functional properties. It's called Akulon® RePurposed. This versatile, high-performance polyamide is used in a whole range of applications, including of course Schneider Electric's products. Akulon® RePurposed supports local livelihoods. After fishermen discarded fishing nets from the Indian Ocean, Arabian Sea, and coastal corners of India, including the beaches, those nets are sorted and cleaned by local communities after which they are taken to an upcycling plant in Pune, India. The new ecosustainab le Q-Cycle yarn is the result of the interaction between BASF’s ChemCycling recycling project and Fulgar’s textile skills and experience.

Strength

Polyamides are widely used in the market
Polyamides are polymers commonly used in the automotive, aerospace, electronics and textile industries. The application market of polyamide is broad, which means that the market potential of recycled polyamide after recycling is also large. Automotive market: bearing cages, gear-shift housings, oil pans, oil separators, cylinder head covers, air intake manifolds, transmission covers, belt protection and tensioners, and more; Electrical appliances: household, gardening and do-it-yourself appliances, and more; Consumer and industrial goods: thermal breaks/window profiles, furniture components, industrial components, sports and leisure equipment, farming tools, two-wheelers, and more. The broad application market will encourage the development of the recycling market.

The need for recycling

The polyamide production process releases nitrous oxide, a greenhouse gas that has a huge impact on global warming. These hazardous emissions also negatively impact the health of workers and community populations near industrial sites. In addition, polyamides are not biodegradable, and their use releases microplastics into the environment. Nylon, a synthetic fiber made of polymers, doesn't break down easily and accounts for about 10% of the debris in the ocean. According to the World Society for the Protection of Animals, more than 600,000 tons of fishing gear is dumped into oceans Every year, including nylon nets. The world's demand for polyamides is increasing year by year due to its wide application in various applications in the automotive, electrical,

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

ECONYL, Unifi, Fulgar SPA, Yongrong Holding Group Co., Ltd. and Meida Nylon
Company1, Company2, Company3, Company4 and Company5 are the five key players in the global Polyamide or Nylon Waste Recycling market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Polyamide or Nylon Waste Recycling market in the past 5 years.

Econyl recovers nylon waste like fishing nets, fabric scraps, and turns it into an exceptional nylon yarn for the fashion and interior industries. It is recyclable and can bring possibilities for makers, creators, and consumers.

Unifi Inc is a multi-national company. It manufactures and sells innovative synthetic and recycled products made from polyester and nylon primarily to other yarn manufacturers and knitters and weavers that produce fabric for the apparel, hosiery, home furnishings, automotive, industrial and other end-use markets.

Segmentation Overview:

Among different product types, Mechanical Recycling or Re-melting segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Fiber segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Polyamide or Nylon Waste Recycling market covered in Chapter 3:

Meida Nylon
Fulgar SPA
Premiere Fibers
Radic
Nurel
ECONYL
Unifi
Yongrong Holding Group Co., Ltd.
Nilit

In Chapter 4 and Chapter 14.2, on the basis of types, the Polyamide or Nylon Waste Recycling market from 2018 to 2029 is primarily split into:

De-polymerization or chemical recycling
Extracting Recycling or Recovery
Mechanical Recycling or Re-melting
Thermal Recycling

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polyamide or Nylon Waste Recycling market from 2018 to 2029 covers:

Engineering Plastics
Fiber
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)