In a recently published report, Nylon Resins Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Nylon Resins Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Nylons constitute a family of resins, the main ones are nylon 6 and nylon 66. Nylon is a thermoplastic material that can be moulded into shapes or fibres. It is a family of synthetic polymers. Its first commercial use was nylon bristled toothbrush and women’s stockings. Its market grew during the wars. It is made of repeating units linked by peptide bonds and its commercial applications range from fibres, fabrics and shapes in automobile parts and films in food packaging.
Nylon is processed by methods such as extrusion, injection moulding and casting. One of the end users is the automobile industry and in fibre production. Moulded nylon is used in hair combs and mechanical parts. Nylon resins are also used in food packaging films to help as an oxygen barrier is when needed. Nylon resins can also be extruded in rubbers and pipes.
The primary focus in the Nylon resins market is on Nylon 6 and Nylon 66. Nylon 6 is estimated to grow at about 7.5% and nylon 66 at a rate of 6% per year in terms of consumption. While China is the highest producer of Nylon 6 with 32% of world production, United States is the highest one in Nylon 66 with 41% of world production. Nylon 6’s world capacity is expected to increase at 19.5%. Nylon 66’s capacity is expected to increase by 10%. Apart from this another Nylon Resin type is Caprolactam. Its consumption is highest in Europe.
Based on the products, the segment includes Nylon 6 and Nylon 66 market.
Based on the application the following are the industries, Automobile, Electrical & electronic, Engineering plastics, Textile.
Region wise, the market includes, North America; Europe; Asia Pacific including India, China, Japan, South Korea.
The market is dominated by the Asia Pacific region with over 40% of the global consumption in 2016. There is large demand do to high consumption from developing countries such as China and India. There has been a shift in trend from textiles to engineering plastics and automotive segments in this region. Most of the regional need comes from China and it is also a leading nylon manufacturer.
China accounts for 20% of Nylon consumption. About 50% of the Global demands are met by Europe and America. The automotive and engineering products sectors are expected to lead to future market growth.
Since the markets in developing countries like India and China a growing, there are growth opportunities there. The soaring demand provides large opportunities for Nylon resins. The likely growth rate is 6.1%.
Nylon 6 and Nylon 66 have properties that can replace metal parts in automobiles owing to its suitable properties of high tensile strength, high elasticity and excellent resistance to abrasion. These factors are expected to favour the growth of the global Nylon industry.
The key players in Nylon Resins Market include:
Ube Industries Ltd
Report Contents Regional Analysis Report Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
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Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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