Nylon Market 2021

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Nylon MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Nylon MARKET 2020
Nylon Market 2020 Industry Survey, Growth,
CompetitiveLandscape and Forecasts to 2023
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 2017. 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. 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 materials which is expected to
rise globally due to the rising prices of
petrochemical-based raw materials. Bio-based
polyamides are a high-quality alternative to
substitute petro-based materials. 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.
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Nylon MARKET 2020
Market Segmentation The global nylon is a
highly mature market with significant number of
major players operating into the market. The
market is driven by flourishing construction,
automotive and sports equipment industry. The
market is greatly concentrated by the presence of
number large players yet, BASF SE, Evonik
Industries AG, Lanxess AG, Solvay SA, and Arkema
SA are the key manufacturers in this market.
Almost all of these market participants are
primarily adopting the expansion and product
launch tactics to strengthen their market
position. Growing automotive industries, and
continuous rising demand for sports goods and
equipment, along with the collaborations and
agreements between manufacturers, distributers,
and marketing firms are key market forces
operating in the market for the growth of the
demand for nylon. Considering these trends, the
global nylon market is likely to witness
considerable competition over the forecast period
of 2017-2023. Enquiry of the Report
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Nylon MARKET 2020
Regional Analysis
Industry/ Innovation/ Related News September 19,
2017- 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
BASFs engineering plastics portfolio as the will
be integrated into the performance materials and
monomers division of BASF SE. As of 2017, the
unit operates 12 production sites, four research
locations and 10 technical support centers
worldwide. October 11, 2017- 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.
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om/reports/nylon-market-1068
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Nylon MARKET 2020
Application Major Players in this Research
Nylon Market Prominent Players 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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chfuture.com/sample_request/1068
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