Nylon Resins Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Nylon Resins Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global nylon resins market is expected to grow with a CAGR greater than 3% during the forecast period. One of the major factors driving the market is the growing demand from the packaging industry. However, declining automotive industry is hindering the growth of the market studied.

Key Highlights

• Asia-Pacific is expected to witness the highest growth rate during the forecast period.
• Among the product types, Nylon 6 is expected to dominate the market studied during the market studied.

Key Market TrendsNylon 6 Product Type to Dominate the Market

• Based on product type, Nylon 6 dominates the global nylon resins market currently.
• The major factors driving the demand for Nylon 6 resin are lustrous surface finish and high impact strength, which is increasing its usage in the manufacture of films in the packaging sector.
• In addition, the aesthetic appeal and easy processability using extrusion of Nylon 6are also augmenting its demand in the packaging sector in southeast Asia countries like Indonesia, Vietnam etc.
• Additionally, Nylon 6 also finds major application in manufacturing industrial yarns and textiles.
• Hence, owing to the above-mentioned factors, Nylon 6 is likely to dominate the market studied.

Asia-Pacific to Dominate the Market

• Currently, Asia-Pacific is the largest market for nylon resins with a share of approximately is expected to grow at a high rate during the forecast period, mainly because of increasing manufacturing capacities.
• China is the largest market in the Asia-Pacific region. With various government initiatives like, ‘China Manufacturing 2025’ is encouraging the use of energy-saving automobiles to promote lightweight vehicles. This is expected to drive the market in this region.
• In addition, the Chinese defense sector has started incorporating 3D printing technologies in manufacturing interior products that require plastics. This technology is producing lightweight products that are providing opportunities for the market.
• However, the declining automotive production is expected to have a negative effect on the nylon resins market in the Asia-Pacific region
• In the recent past there has been increasing demand for nylon resin from the southeast Asian countries for usage in industries like packaging, aerospace, and electrical ,etc.
• Hence, owing to the above-mentioned factors, Asia-Pacific is likely to dominate the market studied during the forecast period.

Competitive Landscape

The global nylon resins market is moderately consolidated as the most of the market share is divided among few players. Some of the major players include BASF SE, DuPont, DSM, Asahi Kasei Corporation, and KURARAY CO., LTD., among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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