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 Global Nylon 6 & 66 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.
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.
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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.
Top Players of Nylon 6 & 66 Market:
Some of the key market players in the industry are Ube Industries, AdvanSix, Toray group, Dupont, Huntsman Corporation and BASF among few.
Market Segmentation of Nylon 6 & 66 Market:
The Global Nylon 6 & 66 Market on the basis of Product, Application, and Region.
By Product:
Nylon 6
Nylon 66
By Application:
Automobile
Electrical & electronic
Engineering plastics
Textile
By Region:
North America
US
Europe
Germany
France
UK
Asia-Pacific
China
India
Japan
South Korea
MEA
CSA
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