The global nylon market size is expected to reach USD 47.0 billion by 2027, expanding at a revenue-based CAGR of 6.5% over the forecast period, according to a new study published by Radiant Insights, Inc. Rising global automobile production is expected to drive the growth.
Automobile industry is a highly concentrated in nature. Despite the high product range owing to a large number of manufacturers, around 49% of the market is dominated by the top players such as GM, Toyota, Ford, and Volkswagen. Nylon 6 is used in engine components including wire harness connectors, bushings, bearing, fuse boxes, cylinder head covers, oil containers, and crankcases.
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In the recent years, automobile industry has witnessed a robust growth, especially in Asia Pacific. Infrastructure development and improving socio-economic status are some of the major contributing factors for this growth. Favorable regulations, availability of workforce, and government initiatives to provide attractive Foreign Direct Investment (FDI) regulations have resulted in major players shifting their manufacturing bases to China, India, and Indonesia among other countries in the region.
Currently, raw materials account for over 45% of the overall manufacturing cost of vehicles. Steel and aluminum are the preferred raw materials in automobile industry. However, owing to the stringent regulations focusing on improving the fuel efficiency and maintaining CO2 emissions at manageable levels, raw material trends are expected to undergo a drastic change in near future. Nylon 6 finds descriptive use as films and coatings to prevent the raw materials from undergoing corrosion.
Nylon 66 demonstrates high dimensional stability coupled with excellent resistance to wear owing to its lower moisture absorption property. Electrical protection devices require high heat, water, and other electromechanical resistance to perform according to standards. Furthermore, it has a shorter and stronger bond, providing it a denser and tighter structure compared to nylon 6.
Further key findings from the report suggest:
• Asia Pacific is anticipated to dominate the nylon market during the forecast period. China is the fastest growing country on account of the growing automotive industry
• Nylon 6 segment is potentially fueling the market growth owing to the low cost of the product
• Various strategic initiatives were recorded over the past few years in order to boost the growth of the nylon 6 & 66 Market. For instance, in August 2018, Ascend Performance Materials acquired Britannia Techno Polymer, an engineering plastics manufacturing company based in Netherlands. The acquisition helped establish the former's manufacturing base in Europe and expand its global compounding capacity
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Information analysis
1.3.2 Market formulation & data visualization
1.3.3 Data validation & publishing
1.4 Research scope and assumptions
1.4.1 Assumptions
1.5 List of Data Sources
Chapter 2 Executive Summary
2.1 Market snapshot
Chapter 3 Nylon Market Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.1.1 Global Plastics Market
3.2 Pricing Trend Analysis (2019 - 2020)
3.2.1 Nylon 6 & 66
3.3 Penetration & Growth Prospect
3.4 Nylon - Value chain analysis
3.4.1 Raw Material Analysis
3.4.2 Manufacturing Trends
3.4.2.1 Nylon 6
3.4.2.2 Nylon 66
3.5 Technology Overview
3.6 Comparison between Nylon 6 & 66
3.7 Regulatory Framework
3.8 Nylon - Market dynamics
3.8.1 Market Driver Analysis
3.8.2 Increase in automobile production
3.8.3 Market Restraint Analysis
3.8.3.1 Threat of Substitutes from Other Products
3.9 Business Environment Analysis: Nylon Market
3.9.1 Nylon - Porter's analysis
3.9.1.1 Threat of new entrants
3.9.1.2 Bargaining Power of SUppliers
3.9.1.3 Bargaining Power of Buyers
3.9.1.4 Competitive Rivalry
3.9.1.5 Threat of Substitutes
3.9.2 Nylon - PESTEL analysis
3.9.2.1 Political Landscape
3.9.2.2 Economic Landscape
3.9.2.3 Social Landscape
3.9.2.4 Technology Landscape
3.9.2.5 Environmental Landscape
3.9.2.6 Legal Landscape
3.9.3 Major Deals & Strategic Alliances Analysis
Chapter 4 Nylon 6 & 66: Product Estimates & Trend Analysis
4.1 Nylon Market: Product Movement Analysis, 2019 & 2027
4.2 Nylon 6
4.2.1 Nylon 6 market estimates and forecasts, 2016 - 2027 (kilotons) (USD Million)
4.3 Nylon 66
4.3.1 Nylon 66 market estimates and forecasts, 2016 - 2027 (kilotons) (USD Million)
4.3.2 Comparison of key polyamides property
Continued…
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The new research report titled "High Temperature Nylon Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the high temperature nylon market include DuPont, EMS Chemie Holding, MGC, DSM, Kuraray, Solvay, Evonik, BASF, Mitsui Chemicals, Kingfa, Zhejiang Xinli New Material, RadiciGroup, Zhejiang NHU, Genius.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global High Temperature Nylon Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/high-temperature-nylon-market/download-sampleMarket DynamicsThe primary component driving this market will be the growing need for composite parts capable of performing at elevated temperatures in various end-user industries like transportation, medical, electrical & electronics.
Rapid industrialization and unprecedented economic growth in emerging economies will further propel the market growth.
