According to a new report, published by KBV research, The Global Nylon Market size is expected to reach $50.2 billion by 2030, rising at a market growth of 6.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 10,239.5 Kilo Tonnes, experiencing a growth of 5.3% (2019-2022).
There is a growing demand for smart textiles and functional apparel incorporating nylon-based materials in the textile and apparel sector. Textile engineering and wearable technology advancements have enabled the integration of features such as moisture management, temperature regulation, UV protection, and antimicrobial properties into nylon fabrics. Smart textiles integrated with electronic components, sensors, and conductive fibers provide improved comfort, functionality, and performance, thereby meeting the changing demands of consumers in markets that prioritize performance and active lifestyles.
The expansion of the nylon market is driven by its versatile applications across diverse industries, including automotive, textiles, packaging, electronics, and consumer goods. Due to its remarkable mechanical properties, resilience, and adaptability, nylon finds widespread use in engineering applications, including automotive components, industrial apparatus, and consumer goods. Additionally, advancements in polymer chemistry and manufacturing technologies have facilitated the development of innovative nylon formulations with enhanced properties, including higher strength, improved heat resistance, and greater sustainability.
The Nylon 6 segment is generating highest revenue in the Global Nylon Market, By Material in 2022; thereby, achieving a market value of $28.1 billion by 2030. Nylon 6 possesses excellent mechanical properties such as high tensile strength, abrasion resistance, and toughness, making it suitable for various applications across various industries, including automotive, textiles, electronics, and consumer goods. Its versatility allows manufacturers to produce lightweight yet durable products that meet stringent performance requirements.
The Engineering Plastics segment is experiencing a CAGR of 5.9% during (2023 - 2030). The rising demand for nylon in engineering plastics underscores its versatility, performance, and suitability for various industrial applications. With the perpetual advancements and technological developments of industries, nylon is anticipated to assume a progressively significant position in influencing the trajectory of engineering polymers and materials. Hence, the versatility of nylon is driving its demand in engineering plastics.
Full Report: https://www.kbvresearch.com/nylon-market/
The Asia Pacific region dominated the Global Nylon Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $23.3 billion by 2030. The North America region is anticipated to grow at a CAGR of 5.3% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 5.6% during (2023 - 2030).
By Material (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)
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