The global nylon 6 & 66 market is
expected to reach USD 41.13 billion by 2025, according to a new report by Grand
View Research, Inc.The market is expected to witness growth at 6.1% CAGR owing
to Increasing focus on fuel efficient and less polluting vehicles has forced
the manufacturers to shift their focus from metals to plastics. Nylon being
lightweight and heat resistant, has caught the attention of auto-manufacturers.
Extensive demand from automotive industry is expected to trigger the nylon
market growth.
Nylon 6 holds the
largest consumption share in the total nylon resin market, with most of the demand
being generated from the textile industry. However, there is an increasing
trend of nylon 66 consumption from the engineering plastic industry which is
rampantly using nylon 66 to manufacture plastic products, replacing PVC.
There has been a
disruption in the supply chain of the nylon value chain, as raw material
caprolactam was oversupplied by the Asian manufacturers in the market. This
trend had an adverse effect on the caprolactam prices resulting in shutdown of
manufacturing units in North America and Europe.
Nylon 6 and 66 prices
witnessed an increase in 2017 but are expected to hold stable in the forecasted
years. Asia is predicted to hold a strong presence in the nylon 6 value chain
while North America will successfully stabilize its nylon 66 capacity in the
forecasted period.
Browse full report by Grand View
Research:
Further key findings from the report suggest:
·
Nylon-6 dominates the global market with
around 60% of total demand in 2016
·
Nylon demand from automotive segment to
reach a valuation of USD 11.26 billion by 2025. Increasing adaptation of nylon
66 in engineering plastics to replace traditional plastic has been responsible
for the market growth.
·
Consumption of nylon (6 and 66) resins is
expected to reach 2.8 million tons by 2025 in Europe alone
·
Caprolactam production and consumption in
Asia Pacific is expected to increase as key nylon manufacturers in the region
are expanding their production capacity
·
Nylon manufacturers are showing a trend of
backward and forward integration to attain mature position in the nylon market
·
Asia Pacific is the epicenter of nylon 6
production whereas Europe and North America are expected to attain a strong
hold in the nylon 66 market by the end of 2025
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry-analysis/nylon-6-6-market
Grand View Research has
segmented the global nylon 6 & 66 market on the basis of product,
application, and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2025)
·
Nylon 6
·
Nylon 66
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
·
Automobile
·
Electrical & electronic
·
Engineering plastics
·
Textile
·
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o France
o UK
·
Asia-Pacific
o China
o India
o Japan
o South Korea
·
MEA
·
CSA
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-nylon-6-66-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.