Nylon Market To Reach $53.04 Billion By 2030 | CAGR: 6.5%

Nylon Market Growth & Trends

The global nylon market size is anticipated to reach USD 53.04 billion by 2030 and is anticipated to expand at a CAGR of 6.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing production and sale of automobiles is driving the market. Nylon exhibit good temperature chemical and temperature resistance, toughness, provide strength & stiffness, and resistance to abrasion. This makes them suitable to be used as films and coatings to prevent the raw materials from undergoing corrosion. Apart from being lightweight and versatile, the materials also facilitate higher design flexibility that facilitates the production of advanced shapes without compromising safety and stability of the vehicle.

Nylon is anticipated to play a key role in the development of automobile industry over the forecast period. Apart from the versatility offered by nylon, automobile manufacturers are expected to use them on a larger scale owing to the environmental benefits and the advantages offered by Nylon 6 are in line with the emission regulations laid down across the globe.

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Nylon Market Report Highlights

• The nylon 66 segment is expected to grow at the fastest CAGR of 6.8% during the forecast period. Nylon 66 demonstrates high dimensional stability coupled with excellent resistance to wear owing to its lower moisture absorption property. Nylon 66 has a shorter and stronger bond, which provides it a denser and tighter structure in comparison to Nylon 6

• The engineering plastic application segment accounted for a market share of 27.45% in 2023. Engineering plastic finds large applications in industries such as automotive, building and construction, consumer goods and appliances, and in the manufacturing of abrasion-resistant and corrosion-resistant liners

• North America is expected to grow at CAGR of 5.8% over the forecast period. The nylon industry in this region is primarily driven by the development in automobile, aerospace, along with key manufacturing industries. Increased application of engineering plastics in various industries such as aerospace, automobile, defense, and electrical & electronics among others is boosting the demand for nylon (PA) in North America

• In July 2023, Solvay announced the launch of SCS certified sustainable nylon 6,6, known as Rhodianyl polymer, made from 100% recycled content

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, 2018 - 2030)

• Nylon 6

• Nylon 66

Nylon Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automobile

• Electrical & Electronics

• Engineering Plastics

• Textiles

• Others

Nylon Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Norway

  • Netherlands

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • Thailand

  • South Korea

  • Indonesia

  • Malaysia

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • South Africa

  • UAE

List of Key Players in the Nylon Market

• BASF SE

• Lanxess

• Huntsman International LLC

• AdvanSix

• Ube Industries Ltd.

• Domo Chemicals

• TORAY INDUSTRIES, INC.

• Ashley Polymers, Inc.

• Ascend Performance Materials

• TOYOBO CO., LTD.

• Goodfellow