Nylon Market Overview
The global nylon market has been estimated to register a significant growth on account of increasing demand of light weight fuel efficient vehicles. The primary factors driving growth of the market are the rising use of the light weight vehicles, growing demand for light weight, heat resistant and durable material in numerous industrial applications, and ever increasing demand of the product from textile industry. The global automotive market is estimated to grow at higher CAGR to mark over USD 90 billion revenue in 2018. The production and use of light weight cars and other automotive, as projected by Morgan Stanley analysts, is set to rise to 2.9 percent of 99 million new vehicles in 2020 and to 9.4 percent of 102 million new vehicles in 2025, from 1.1 percent of 86.5 million this year.
Nylon Market Companies:
BASF SE, Honeywell International, Inc., Asahi Kasei Corporation, Evonik Industries AG, E.I. Dupont De Nemours & Company, UBE Industries Limited, Invista S.A.R.L. (Koch Industries, Inc.), Lanxess AG, Quadrant AG, Formosa Plastics Corp., Solvay SA, Saudi Basic Industries Corp, Huntsman Corporation and Arkema SA., and Royal DSM NV, among others are some of the prominent players at the forefront of competition in the global nylon market and are profiled in MRFR Analysis.
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This is anticipated to fuel demand of the nylon in manufacturing light yet durable parts. Additionally, there is growing demand for the demand for organic which is expected to rise globally due to the rising prices of petrochemical-based raw . Bio-based polyamides are a high-quality alternative to substitute petro-based . They can be used in automotive, electronics, and sports applications. As a result, it has been projected that in future the demand of nylon may surge manifolds. Moreover, surging demand for and use of consumer goods and electronic devices is expected to further boost growth of the market.
Nylon Market Industry/ Innovation/ Related News:
September 19, 2018-
Germany based chemical giant BASF SE and Belgium based chemical major entered into a USD 1.9 billion deal. BASF SE acquired the nylon business of Solvay SA. This will complement BASF’s engineering plastics portfolio as the will be integrated into the performance and monomers division of BASF SE. As of 2018, the unit operates 12 production sites, four research locations and 10 technical support centers worldwide.
October 11, 2018-
BASF SE, the Germany based chemical giant, has developed new semi-transparent nylon product called Ultramid Vision. It is a semi-crystalline nylon featuring very high light transmission and low light scattering properties. According to BASF, The new material is suited for use in visual check components such as fluid level indicators as well as applications in illumination and light fixtures. It combines the good mechanical properties and process ability of nylon 6 at an attractive price.
July 12, 2018-
Arkema SA, a France based specialty chemicals company has recently announced its plan to invest around USD 327.80 million for expansion of its bio sourced nylon 11 production in Asia. With an establishment of this new plant, the company would increase the global production of bio sourced nylon 11 by 50%. The new plant, which will produce both the amino 11 monomer and its polymer, is expected to come on stream in late 2021.
April 26, 2018
German specialty chemical company Lanxess AG announce an investment of USD 27.2 million in improving efficiency of its integrated production complex for nylon and precursors for plastics in Antwerp, Belgium. The Antwerp plant currently has a capacity of 220,000 metric tons per year of caprolactam. Caprolactam is a key precursor for the production of Lanxess’ plastics.
June 22, 2018
China based Cathay Industrial Biotech Ltd has announced its plans to construct a brand new facility in Xinjiang to manufacture bio-based nylon. The company has also signed an agreement to expand its capacity for bio-based intermediates for use in the textile and engineered composite sectors. This technology reduces both dependence upon oil and environmental impact in the production of polyamides and has been ear-marked for rapid development by many governmental and technology associations.
The report for Nylon Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
Nylon Market Segmentation Analysis
The market for aluminum pigments is segmented on the basis of type and applications; by types the Nylon market is segmented as Nylon 6,6; Nylon 6,12; Nylon 4,6; Nylon 6; Nylon 12, on the basis of applications the Nylon market is segmented as by application textile, tire, military supply and house hold appliance
Regional Analysis of Nylon:
Asia pacific has dominated the market for Nylon with the largest market share, accounting for $XX million and is expected to grow over $XX million by 2027, North-America and Europe are the growing market for Nylon and are expected to grow at CAGR of XX% respectively from 2016 to 2027.
The report for Nylon of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
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