Nylon Market Expected To Witness An Incremental Growth A CAGR Of 5.8% by 2028

 Nylon Industry Overview

The global nylon market size was valued at USD 29.76 billion in 2020 and is expected to witness a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028. 

Increasing demand for nylon from automobile applications is expected to propel the market growth during the forecast period. The automobile industry is highly concentrated. Even though the product range is high owing to a large number of market participants, around 49% of the market is dominated by top players including GM, Toyota, Ford, and Volkswagen.

Gather more insights about the market drivers, restrains and growth of the Global Nylon Market

Nylon is used in engine components, such as bushings, bearing, oil containers, wire harness connectors, fuse boxes, cylinder head covers, crankcases, and timing belts. The rise in production can mainly be attributed to the rapid growth of the automotive industry of Europe. 

In recent years, the automobile industry has witnessed robust growth, especially from Asia Pacific market. Infrastructure development and improving socio-economic trends are some of the major factors that have contributed to the growth of this sector in APAC. Moreover, favorable regulations, availability of workforce, and initiatives by the government to provide attractive FDI regulations have resulted in major players shifting their manufacturing bases to countries, such as China, India, and Indonesia.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports

  • Recycled Plastics Market: The global recycled plastics market size was valued at USD 46.09 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. 
  • Nitrile Butadiene Rubber Market: The global nitrile butadiene rubber market size was valued at USD 2.1 billion in 2021. It is expected to expand at a CAGR of 5.2% during the forecast period. 

Nylon Market Segmentation

Grand View Research has segmented the global nylon market on the basis of product, application, and region:

  • Nylon Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
    • Nylon 6
    • Nylon 66
  • Nylon Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
    • Automobile
    • Electrical & Electronics
    • Engineering Plastics
    • Textiles
    • Others
  • Nylon Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East & Africa (MEA)

Market Share Insights

  • Aug 2021: Invista Nylon Chemicals (China) Co has announced its plans to double the current nylon 6,6 polymer production at Shanghai Chemical Industry Park (SCIP) and signed a memorandum of cooperation with SCIP this week.

Key Companies profiled:

Some prominent players in the global nylon market include:

  • BASF SE
  • Lanxess AG
  • Huntsman Corp.
  • AdvanSix, Inc.
  • Ube Industries Ltd.
  • Domo Chemicals
  • Toray Industries, Inc.
  • Ashley Polymers, Inc.
  • Ascend Performance Materials LLC
  • Toyobo Co. Ltd.
  • Goodfellow Group

Order a free sample PDF of the Nylon Market Intelligence Study, published by Grand View Research.


About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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