Nylon Market Size, Share, Growth Report 2032

Global Nylon Market Overview

The global nylon market accounted for USD 25.74 Billion in 2020 and is expected to reach USD 30.55 Billion by 2028, growing at a CAGR of 4.3% from 2021 to 2028.

Nylon, also referred to as polyamide plastics, is a composite substance comprising glass fibers and base nylon polymer that can be molded as per the particular application. The product is used to manufacture myriad kinds of structural parts by injection molding and extrusion. It exhibits good mechanical properties such as tensile strength, low shrinkage at high temperatures and enhances surface hardness characteristics.

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COVID-19 Impact Analysis

The Ultramid Endure produced by BASF SE is one example of a filled reinforced polyamide 66 or nylon 66. Not only is the material has higher resistant to continuous thermal loads but also has good processing capability for automotive under-hood composites manufactured from it. Considering the Covid-19 pandemic nylon market is adversely affected the global supply chain of the automobile industry. Thus, a decline in automobile production and consumption is expected to limit the demand for nylon used in the manufacturing of auto parts, such as hydraulic clutch lines, headlamp bezels, air intake manifold, airbag containers, and others.

Growth Factors

Nylon market growth is driven by the large scale adoption of the product in sectors including automotive, electrical, aerospace, and construction. Growing demand in the weight reduction in vehicles and reduction in fuel consumption, this product has gained quite a good amount of interest in the recent years. Apart from automotive industry, this product is also used in the electrical industry owing to its good dielectric properties. The higher research and development in nylons it has gained quite amount of importance in aerospace industry hence making it more versatile and niche. Furthermore, high thermal resistance, high tensile strength and high rigidity this product has gained a quite amount of interest and will increase in demand in future aspects.

Nylon has been broadly utilized in the automotive compartments to suppress steel parts; attributable to the advantages got from them, for example, lower weight and more adaptability as against conventional metals is huge advantage for the same. A few market members have decidedly reacted to this form by creating oil and heat resistant polymer compounds for a wide exhibit of car producers

Type Segment Analysis Preview

Type segment held a share of around 35% in 2020. This is attributable to high growth of various polymers synthesized. Nylon 66 and Nylon 6 are widely used in the market die to their easy availability & usage. These polymers are mostly used majorly in automotive industry and consumer good industry.

End Use Industry Segment Analysis Preview

End Use industry is further sub divides in Food & Beverages, Automotive, Pharmaceutical, Transportation & Logistics, Retail, and Others. Use of Nylons in the Automotive has the major share in terms of usage and application. Followed by other end use industry such as food & beverage, Pharmaceutical, and others.

Regional Analysis Preview

The Asia pacific held a share of 45% in 2020. This is attributable to the presence of top companies such as BASF, Sabic, and SRF Plastics, among others. Massive demand for the product in the vehicle, electrical, electronics, and industrial sectors will augment the demand of the glass filled nylon market across the Asia Pacific zone. With the rise in the construction activities and flourishing electronics & electrical sectors, the business in the Asia Pacific region is likely to gain traction over the upcoming years. The rapid industrialization witnessed in APAC will also contribute opulently towards the regional market earnings. China is foreseen to be the regional revenue pocket of the Asia Pacific.

With the presence of key manufacturers in the U.S., the market growth in North America will gain momentum during the assessment period. Apparently, Europe and Latin American market are predicted to have huge growth prospects and will contribute enormously towards the overall market size over the coming decade.

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Report Scope:

Key Market Players & Competitive Landscape

Some of key players in nylon market are DSM Engineering Plastics, LANXESS, Akro-Plastics GmbH, Ensinger GmbH, Asahi Kasai, SRF Plastics, Evonik Industries, DuPont Inc., DOW, and SABIC, among others.

DuPont’s portfolio of proven materials, including Zytel® PA66, Zytel® Plus, Zytel® HTN, and Zytel® LCPA nylon resins, Crastin® polyesters and Vamac® elastomers, enable automotive connectors to reliably transmit data, power and signals and conform to industry standards. The company supports customers with formulation, application development, technical and design services.

BASF is now expanding its polyphthalamide (PPA) portfolio by a new Ultramid® Advanced N grade that is especially suited for connectors post-processed with surface mount technology (SMT). Ultramid® Advanced N2U40G7 shows the ideal balance of high flowability, toughness and flame retardancy.

The global nylon market is segmented as follows:

By Type

• Nylon 6
• Nylon 66
• Nylon 12
• Others

By Form

• Filled
• Unfilled

By End Use Industry

• Food & Beverages
• Automotive
• Pharmaceutical
• Transportation & Logistics
• Retail
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa