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Showing posts with the label Nylon 6 & 66 Market

Nylon 6 & 66 Market Worldwide Trend, Segmentation and Forecast to 2025

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 b...