Global Nylon Market Report and Forecast 2024-2032

Global Nylon Market Outlook

The global nylon market size was around USD 35.15 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 5.7%, to reach nearly USD 57.88 billion by 2032.

Nylon is a strong and elastic polyamide material that can be molten into fibres, bristles, filaments, and sheets, among others. It is a synthetic polyamide and is woven from man-made fibres. It is tough and lightweight, due to which it is extensively used in various end-use industries, such as automotive and electronics, among others.

Nylon was first used commercially in a nylon-bristled toothbrush in 1938, followed by women's stockings ("nylons") in 1940, which became extremely popular. Nylon is known for its high strength, elasticity, and resilience. It is resistant to abrasion and chemicals, has low moisture absorbency, and is easy to wash. These properties make it ideal for a wide range of applications.

It is extensively used in the manufacture of clothing (like hosiery and swimwear), home furnishings, automotive parts, and industrial applications. It's also a common material in ropes, conveyor belts, and parachutes, owing to its strength and durability. There are several types of nylon, each with unique properties. For example, Nylon 6 and Nylon 6,6 are the most common types, with slightly different molecular structures and characteristics.

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Nylon Market Segmentation

Based on type, the market can be segmented into:

• Nylon 6

• Nylon 6,6

• Others

Nylon 6 holds a major nylon market share. Nylon 6 is a material with high abrasion resistance, high melting point, high tensile strength, and great resistance to photodegradation. Hence, these properties make the material ideal for industrial applications such as manufacturing machine parts, electronic equipment, and metallic devices, among others, fuelling the market growth. Nylon 6,6 is lightweight, which makes it suitable for the manufacturing of parachutes. Furthermore, the waterproof nature of the material is surging its demand in the production of swimsuits, which is propelling the growth of the market.

As a preferred material for many textiles, the growth of the fashion and apparel sector, especially in developing countries, boosts the demand for Nylon 6. The automotive sector also uses Nylon 6 in various components, benefiting from its durability and lightweight nature. As the automotive sector grows, so does the demand for Nylon 6. Increased use in industrial applications (like gears, bearings, and conveyor belts) and consumer products also contribute to its demand. Thus, the economic growth, consumer spending, and industrial development in various countries directly influence the demand for Nylon 6.

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The major applications of nylon include:

• Automotive

• Film and Coatings

• Industrial

• Consumer

• Electrical and Electronics

• Appliances

• Wire and Cables

• Others

The rising application of nylon in the automotive sector is driving the market growth. This can be attributed to the rising disposable incomes, the rising population, the growing demand for passenger and commercial automobiles, and the thriving transportation sector across the continents due to the increasing trade activities.

Nylon is a crucial component in the automotive sector as it is used in the manufacturing of hydraulic clutch lines, wheel covers, front-end grilles, and exterior mirrors, among others, thereby propelling the market growth. Moreover, the rising demand for wires and cables from the building and construction sector is likely to fuel the nylon market growth in the forecast period.

By region, the market is classified into:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Nylon Market Analysis

The market has been witnessing a consistent growth over the years, driven by increasing demand from various end-use industries. Nylon is widely used in the textile sector for products like clothing, sportswear, and undergarments due to its durability and flexibility. Rapid industrialisation and economic development, especially in emerging economies, further contribute to its demand. The Asia Pacific dominates the market, driven by countries like China and India due to their booming textile and automotive sectors.

Innovations in nylon production and processing technologies are some of the crucial nylon market trends that have expanded its applications. New applications in areas like medical devices and sports equipment are also expected to boost the market expansion.

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Market Share by Region

The Asia Pacific Accounts for a Significant Share of the Market

The market in the Asia Pacific region is being driven by the strong foothold of major automotive manufacturers in the region, such as Hyundai, Maruti, Kia Motors, Toyota, Honda, Mitsubishi, and Nissan, among others. The introduction of favourable government initiatives such as Make in India aimed towards bolstering indigenous manufacturing in countries like India and China is likely to drive the market for nylon in the region. Furthermore, the rising demand for appliances in the region owing to the rising population and rising standards of living is anticipated to augment the nylon market demand.

The Asia Pacific is a major hub for the textile sector. Countries like China, India, Bangladesh, and Vietnam are significant players in textile manufacturing and export. Nylon, being a key material for many textiles, sees high demand in these markets. With the rising middle class and increasing consumer spending in the region, there's a higher demand for consumer goods that use nylon, such as sportswear, home furnishings, and various appliances.

The Asia Pacific region has a strong network of nylon production facilities, contributing to a robust supply chain. This availability can drive regional demand as manufacturers prefer local sources to reduce costs and improve supply chain efficiency. There is also a growing awareness of environmental issues in the region, leading to an increased interest in sustainable and recycled nylon products. This trend could shape future demand and production practices.

Key Players in the Market

The report gives a detailed analysis of the following key players in the global nylon market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• BASF SE

• E.I. du Pont de Nemours and Company

• Ascend Performance Materials LLC

• LANXESS Corporation 

• Koninklijke DSM N.V.

• Solvay SA

• Invista

• Libolon Enterprise Co. Ltd

• Honeywell International Inc.

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Nylon Market Report Snapshots

Nylon Market Size

Nylon Market Analysis

Nylon Market Regional Analysis

Nylon Companies