Nylon is a strong and stiff engineering plastic with excellent bearing and wear properties. Nylon is often used to replace metal bushings and bearings by frequently reducing the need for external lubrications. Besides, it induces reduction in part weight, reduced wear on mating parts and less operating noise. Nylon is segmented on the basis of number as 6, and 66 related to its molecular structure.
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The global nylon engineering plastic market is anticipated to witness a substantial growth with 5.8% of CAGR during the forecast period 2024-2031. To propel the nylon market growth during the estimated period, increasing demand for nylon in automobile applications is responsible to dominate steady growth among top players such as Toyota, Ford, Volkswagen etc.
On the basis of product type segment, the nylon market is segmented as nylon 6 and nylon 66. Where nylon 6 product segment registers a steady growth and highest revenue share in year 2020 and is projected to contribute to the further growth of the global nylon engineering plastic market.
Along with this, the increasing demand for the product from various sectors such as engineering plastics, electrical & electronics, textile and automotive industries contribute to the significant factor to drive the growth of the market globally over the forecast period. In electrical and electronics applications segment, the production of tubes for various usages induced for cables and wiring, connectors, circuit breakers and low voltage switch gears composed nylon as the major component.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape- BASF SE, Domo Chemicals, Asahi Kasei Chemicals Corp., Formosa Plastics Group, Zig Sheng Industrial Co. Ltd., SK Capital Partners, INVISTA, Arkema S.A., ROYAL DSM N.V, Solvay S.A., SABIC, Lanxess AG, Quadrant AG, Ube Industries Ltd., Huntsman Corporation, Honeywell International Inc, Li Peng Enterprise Co. Ltd.,Rhodia S.A, Evonik Industries, Radici Group, E.I. du pont de Nemours and Company(DuPont).
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Nylon Engineering Plastic Market Report Segment
By Product Type
- Nylon 6
- Nylon 66
By Application
- Automobiles
- Electrical and Electronics
- Textiles
- Others
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