Market Overview
Nylon Industry 2022 is slated to gain considerable ground, leaping ahead at a significant rate between 2022 and 2030, says MRFR (Market Research Future). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Top Drivers and Restraints
A number of textile and garment factories across the globe had to halt operations owing to the COVID-19 outbreak. The novel coronavirus pandemic and the subsequent lockdown adversely affected the export and import of nylon, fabrics, and yarn between countries, which can most likely be the case throughout the review period. The rising cases of SARS-CoV-2 and the scarcity in human labor and workforce have resulted in delayed shipments of nylon, which can be a huge restraint for the market growth in the following years.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1068
However, despite the COVID-19 impact, the nylon market can gain respite from the rapidly expanding automobile industry. Nylon’s rising use in the manufacturing of various components of automobiles to bring down the overall weight as well as emission levels is favoring the overall market. Nylon 6 and 66 are increasingly being used instead of metal parts in vehicles, given their high elasticity, excellent abrasion resistance and high tensile strength. Nylon 6 is particularly deployed in engine components like bearing, bushings, wire harness connectors, oil containers, cylinder head covers, fuse boxes, timing belts and crankcases.
Nylon is also picking up momentum in the engineering plastics and textile industries. The rivalry between the leading firms in the market is quite intense, who are constantly striving to create better-featured products at competitive prices. For this purpose, the companies are spending substantially on RD for a more robust product portfolio. Many of the leading manufacturers are also entering into agreements with other players to adopt latest technologies for higher production and efficient nylon. For instance, in September 2020, INVISTA Performance Technologies entered into an agreement with Jiangsu Jiatong Energy Co. Ltd for the use of its new P8 PTA technology in two PTA lines. The P8++ PTA technology will be used majorly for the manufacturing of nylon 6,6 and various other versatile and durable fibers and polymers.
Market Segmentation
The Nylon industry has been categorized as type and applications.
The different types of nylon available in the market are Nylon 6,12; Nylon 12, Nylon 6,6; Nylon 6; Nylon 4,6 and more.
The various applications of nylon are tire, textile, house hold appliance and military supply.
Speak To Analyst@ https://www.marketresearchfuture.com/ask_for_schedule_call/1068
Regional Outlook
APAC/Asia Pacific, Europe, MEA/Middle East and Africa along with North America are the key markets for nylon.
APAC can continue to lead the global market in the years ahead, thanks to the abundance of low-cost labor and raw materials combined with the rising spending power of consumers and end-users alike. APAC is a substantial untapped market and is hugely benefitted by the presence of a supportive government, which encourages international polyamide vendors to set up their distribution and manufacturing facilities in the region. China is currently at the vanguard of the APAC market, on account of the mounting automobile production, advancements in the manufacturing sector, and the rising preference for nylon 66.
The North American market benefits from the thriving automotive industry, which is among the top end-users for nylon. Also, the region observes a strong demand for organic materials in the wake of increasing prices of petrochemical-based raw materials. Therefore, there is a strong possibility that with the escalating demand for organic products, nylon can enjoy higher demand in the near future. Besides, the rising adoption of electronic devices and consumer goods could also work in the favor of the nylon market in the region.
Top Market Players
The top market players as profiled in the MRFR study include Solvay SA, Evonik Industries AG, Huntsman Corporation, Invista S.A.R.L. (Koch Industries, Inc.), BASF SE, Formosa Plastics Corp., E.I. Dupont De Nemours Company, Saudi Basic Industries Corp, Lanxess AG, UBE Industries Limited, Arkema SA., Quadrant AG, Asahi Kasei Corporation, Royal DSM NV, Honeywell International, Inc., and more.
Latest News
October 2020
Jaguar Land Rover has begun using Econyl nylon, which is a recycled material, for its car interiors. Econyl is made from landfill and ocean waste and has been created by Aquafil, a renowned nylon manufacturer. This nylon helps bring down the production-related waste by 90 percent compared to traditional materials.
Access Complete Report @ https://www.marketresearchfuture.com/reports/nylon-market-1068
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
