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Market AnalysisThe global nylon fiber market is predicted to grow at a 3.4% CAGR over the forecast period (2019-2025), states the new Market Research Future (MRFR) report. Nylon fibers are strong and elastic, much stronger than the polyester fiber. They have excellent abrasion resistance, toughness, and easy to wash as well as dye in different colors. It belongs to the group of synthetic polymers that are known as polyamides and is produced by dicarboxylic and diamine. Nylon fibers are water-resistant and hard and have an extensive range of applications. The filament yarns offer a soft, lightweight, and smooth fabric having high resilience.
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Various factors are propelling the nylon fiber market growth. These factors, as per the new MRFR report, include increased demand in the manufacturing of awnings, ropes, and clothes, growing demand in the production of various consumer goods such as strings of musical instruments, toy cars, toothbrush bristles, and more, growing demand in the automobile industry, and extensive use in electrical and electronics and engineering plastics.
On the contrary, nylon fibers being non-biodegradable in nature can cause various environment-related hazards such as GHG gas emissions in the atmosphere and global warming, and increasing environmental concerns are factors that may impede the nylon fiber market growth over the forecast period. Moreover, tough competition from polyester owing to its lesser wrinkle resistance and higher price, and strict government regulation may also restrict the market growth.
Market Segmentation
The MRFR report offers a complete segmental analysis of the nylon fiber market report on the basis of application and type.
Based on type, the nylon fiber market is segmented into nylon-11, nylon-6,10, nylon-6, nylon-6,6, and others.
Based on application, the nylon fiber market is segmented into consumer goods, fishing, filtration, textile, technical textile, and others.
Key Players:
LIBOLON
Shakespeare Company, LLC.
EMS-CHEMIE HOLDING AG
DuPont de Nemours, Inc.
Asahi Kasei Corporation
INVISTA
Ascend Performance Materials
Shenma Industrial Co., Ltd.
Radici Partecipazioni SpA
Solvay
BASF SE
Evonik Industries AG
Key players have incorporated numerous strategies to strengthen their position in the market such as expansion, partnerships/joint ventures, collaborations, research and development activities, mergers and acquisitions, product innovations and launches, among others.
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September 2019: Dondup has recently launched its low-impact project- 3-D Stretch Couture in association with renowned Italian company Carvico that specializes in technical textiles. This capsule includes designs that have been made with recycled nylon fibers that have been recovered from fishing nets.
Regional Analysis
By region, the nylon fiber market report covers the latest trends and growth opportunities across the Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Of these, the APAC region will have a lion’s share in the market over the forecast period. Factors attributing to the growth in the region include rising disposable income and rapidly growing population. China is the key contributor in this region. Moreover, the rising number of exports in India as well as other Southeast Asian countries, are also adding to the growth of the market.
The nylon fiber market in North America is predicted to have substantial growth in the market over the forecast period. Factors attributing to the growth in the region include significant expansion in the market and burgeoning demand for lightweight and high strength fabric for outdoor applications including awnings, umbrellas, and others.
The nylon fiber market in North America is predicted to have significant growth over the forecast period. Factors attributing to the growth in the region include the extensive usage of nylon fibers in producing various automobile components including tire cord, airbags, hoses, and others, growing environmental concerns, and availability of nylon fibers that are eco-friendly.
The nylon fiber market in the Middle East and Africa, and Latin America is predicted to have a notable growth over the forecast period due to the growing per capita disposable income in these regions.
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