Nylon Market by Type, Application - Global Forecast 2024-2030

List of Tables

[191 Pages Report] The Nylon Market size was estimated at USD 33.05 billion in 2023 and expected to reach USD 35.04 billion in 2024, at a CAGR 6.35% to reach USD 50.87 billion by 2030.

Nylon is a synthetic polymer, and it is a type of plastic derived from petrochemicals, designed primarily for strength and elasticity. It is a popular material used in the manufacture of various products, including clothing, automotive parts, carpets, and ropes, especially for its resistance to wrinkles and shrinkage. Nylon is known for its durability, resistance to heat and chemicals, and ability to be dyed in many different colors. With the ongoing expansion of the automotive and electronics sectors, the demand for durable and versatile materials, including nylon, increases. Moreover, the rising exponential demand for lightweight tactical gear and performance apparel from the defense and military sectors pushes the market forward. However, since crude oil is a primary resource for nylon, fluctuations in oil prices can affect nylon production costs unpredictably. Nylon production is energy-intensive and relies heavily on petroleum, leading to significant carbon emissions and environmental degradation. Furthermore, advances in the production process that improve the quality and reduce the ecological impact of nylon provide potential opportunities for market growth. Enhancing nylon recycling techniques can mitigate environmental concerns associated with nylon disposal and can make the material more attractive to eco-conscious consumers.

KEY MARKET STATISTICS
Base Year [2023]	USD 33.05 billion
Estimated Year [2024]	USD 35.04 billion
Forecast Year [2030]	USD 50.87 billion
CAGR (%)	6.35%

Regional Insights

In North America, the United States, and Canada are significant players in the nylon market. The demand is largely driven by industries such as automotive, electronics, and textiles, which utilize nylon for its strength, flexibility, and opposition to chemicals & abrasion. Ongoing trends show a rise in sustainable practices, with companies increasingly investing in bio-based nylons to reduce environmental impact. Manufacturers are innovating in recycling technologies, with patents filed for processing and reusing nylon waste products. The European Union represents a mature market with stringent regulations on material production and waste management, significantly influencing consumer behavior and industry standards. European Union initiatives have spurred the development of eco-friendly and recyclable nylon alternatives. The market is characterized by high demand in the fashion and automotive sectors. In the Middle East & Africa region, the nylon market is emerging, with the growth influenced by infrastructural developments and the expansion of industries such as automotive and packaging. Investments in new plants and technology by global and local companies are poised to accelerate growth. In APAC, China, the largest producer and consumer of nylon, drives the Asia Pacific market. The focus here has been on expanding capacity and integrating nylon production with raw material manufacture to reduce costs and increase efficiency. Japan is known for its technological prowess, with numerous innovations pertaining to new nylon polymer formulations, indicating a robust focus on enhancing quality and functionality. India's market is burgeoning and driven by rapid industrialization and urbanization. The automotive and textile sectors are major consumers, and there is growing interest in sustainable products, which has started to shape the market landscape.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Nylon Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing demand for nylon from automotive applications globally
- Rising use in protective gear, luggage, and outdoor equipment manufacturing
- Exponential demand of lightweight tactical gear and performance apparel from the defense and military sector

Market Restraints
- Fluctuation in the cost and availability of raw material

Market Opportunities
- Rising research and development to introduce innovations in material blend and modify production process
- Growing demand from consumer markets, such as in fashion and consumer electronics

Market Challenges
- Strict environmental regulations for the nylon manufacturing and disposal

Market Segmentation Analysis
- Type: Nylon 66 preferred in high performance applications due to its superior thermal resistance
- Application: Emerging applications of nylon in consumer electronics and textile industries

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Nylon Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Nylon Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Nycoa Debuts Innovative Transparent Amorphous Nylons at NPE 2024

Nycoa introduced a pioneering range of transparent amorphous nylons, signaling a significant advancement in polymer technology. These new materials are designed to offer enhanced properties such as improved transparency, superior chemical resistance, and excellent dimensional stability. This development is particularly notable as it addresses the persisting challenge of combining transparency with the robust physical properties of nylons, thereby expanding the potential applications for this versatile family of polymers. [Published On: 2024-04-29]

Lululemon Innovates with Eco-Friendly Nylon Tops Powered by Cutting-Edge Recycling Technology

Lululemon has introduced a groundbreaking line of nylon tops made from recycled plastic, utilizing advanced biotechnology. The innovation involves enzymes that break down plastic into its original components, which are then transformed into high-quality nylon. This process supports the reuse of materials and significantly reduces environmental waste. [Published On: 2024-02-21]

AdvanSix Introduces a Fully Recycled Nylon Resin for Sustainable Packaging Solutions

AdvanSix has unveiled its latest innovation, a 100% recycled-content nylon resin marketed under the name EcoVantage. This development reflects a significant shift towards sustainability in the packaging sector, as it helps reduce reliance on virgin materials. EcoVantage aims to offer the same high-quality performance and durability as traditional nylon resins, making it a viable alternative for industries that prioritize environmental responsibility alongside functional performance. [Published On: 2023-06-15]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Nylon Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Nylon Market, highlighting leading vendors and their innovative profiles. These include AdvanSix Inc., Arkema SA, Asahi Kasei Corporation, Ascend Performance Materials LLC, Avient Corporation, Bally Ribbon Mills, BASF SE, Delaware Valley Corporation, DuPont de Nemours, Inc., Eastex Products, Inc. by FDC Graphic Films, Inc., Ensinger Group, Evonik Industries AG, FibrXL Industrial, Formosa Plastics Corporation, Hyosung Corporation, Invista by Koch Industries, Inc., Jason Mills LLC, Kavon Filter Products Co., Kolon Industries, Lanxess AG, Mitsubishi Chemical Corporation, MMI Textiles, Inc., Morgan Advanced Materials plc, Toray Industries, Inc., and Toyobo Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Nylon Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Nylon 6
- Nylon 66

Application
- Automotive
- Electrical & Electronics
- Film & Coating
- Industrial
- Textiles

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-0D217D5AE5B5

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for nylon from automotive applications globally
  - 5.1.1.2. Rising use in protective gear, luggage, and outdoor equipment manufacturing
  - 5.1.1.3. Exponential demand of lightweight tactical gear and performance apparel from the defense and military sector
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuation in the cost and availability of raw material
- 5.1.3. Opportunities
  - 5.1.3.1. Rising research and development to introduce innovations in material blend and modify production process
  - 5.1.3.2. Growing demand from consumer markets, such as in fashion and consumer electronics
- 5.1.4. Challenges
  - 5.1.4.1. Strict environmental regulations for the nylon manufacturing and disposal
5.2. Market Segmentation Analysis
- 5.2.1. Type: Nylon 66 preferred in high performance applications due to its superior thermal resistance
- 5.2.2. Application: Emerging applications of nylon in consumer electronics and textile industries
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Nylon Market, by Type

6.1. Introduction
6.2. Nylon 6
6.3. Nylon 66

7. Nylon Market, by Application

7.1. Introduction
7.2. Automotive
7.3. Electrical & Electronics
7.4. Film & Coating
7.5. Industrial
7.6. Textiles

8. Americas Nylon Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Nylon Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Nylon Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. Nycoa Debuts Innovative Transparent Amorphous Nylons at NPE 2024
- 11.3.2. Lululemon Innovates with Eco-Friendly Nylon Tops Powered by Cutting-Edge Recycling Technology
- 11.3.3. AdvanSix Introduces a Fully Recycled Nylon Resin for Sustainable Packaging Solutions
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio