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The Global Nylon 6 And 66 Market Size Is Expected To Reach USD 41.13 Billion By 2025, Expanding At A CAGR of 6.2% | Grand View Research, Inc.

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The Global Nylon 6 And 66 Market Size Is Expected To Reach USD 41.13 Billion By 2025, Expanding At A CAGR of 6.2% | Grand View Research, Inc.

August 15
14:36 2019
The Global Nylon 6 And 66 Market Size Is Expected To Reach USD 41.13 Billion By 2025, Expanding At A CAGR of 6.2% | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting
Nylon 6, as well as 66, is gradually replacing metal parts in automobiles owing to its suitable properties of high tensile strength, high elasticity, and excellent resistance to abrasion.

According to report published by Grand View Research, “Nylon 6 & 66 Market Size, Share & Trends Analysis Report By Product (Nylon 6, Nylon 66), By Application (Engineering Plastics, Automotive, Textiles, Electrical & Electronics, Others), And Segment Forecasts, 2019 – 2025”.

Increasing global automobile production is anticipated to drive the growth.

Automobile is a highly concentrated industry. Although the product range is high owing to a large number of market participants, around 49% of the market is led by top players including GM, Toyota, Ford, and Volkswagen. Nylon 6 is used in engine components such as bushings, bearing, oil containers, wire harness connectors, fuse boxes, cylinder head covers, crankcases, and timing belts.

Growth in production can mainly be attributed to a rapid rise of the China market, as well as the consistent growth of the European automotive industry. In recent years, automobile industry has witnessed robust growth, especially from Asia Pacific. Infrastructure development and improving socio-economic trends are some of the significant factors contributing to the growth. Favorable regulations, availability of workforce, and government initiatives to provide attractive FDI regulations have resulted in a shift of manufacturing bases of significant players to regions such as China, India, and Indonesia.

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. Further, it has a shorter and stronger bond, which provides it a denser and tighter structure compared to nylon 6. Moreover, enhanced properties of nylon 66 over nylon 6, which is the largest product in this market; is a major factor driving the product demand. In thermally and mechanically stressed moldings, nylon 66 has emerged as the preferred grade of polyamides on account of its strong dielectric resistance. The development of polymer technology has widened the application scope of nylon 66, which, in turn, is projected to develop the product segment over the next eight years.

U.S. nylon 6 & 66 market size, by product, 2014 - 2025 (USD Billion)

To view summary of this report, click the link below: 
www.grandviewresearch.com/industry-analysis/nylon-6-6-market

Further key findings from the report suggest:

  • Asia-Pacific is projected to lead the market from 2018 to 2025, with China being the fastest growing country on account of booming automotive industry

  • Nylon 6 segment is potentially fueling growth of the nylon 6 and nylon 66 market over the forecast period owing to the low cost

  • Major market participants are Lanxess AG; AdvanSix Inc.; BASF SE; Huntsman Corporation; DOMO Chemicals; and INVESTA among others. The market is characterized by the presence of various well-established players

  • The companies engage in various strategic initiatives to boost market growth. For instance, in August 2018, Ascend Performance Materials purchased an engineering plastics manufacturing company based in the Netherland namely Britannia Techno Polymer. The acquisition helped Ascend to establish manufacturing base in Europe and expand its global compounding capacity.

 

Global nylon 6 & 66 market share, by application, 2017 (%)

 

Try Free PDF Report Sample of this report, click the link below: 
www.grandviewresearch.com/industry-analysis/nylon-6-6-market/request/rs1

Grand View Research has segmented the global nylon 6 and 66 market on the basis of product, application, and region:

Nylon 6 & 66 Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • Nylon 6

  • Nylon 66

Nylon 6 & 66 Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • Automobile

  • Electrical & Electronics

  • Engineering Plastics

  • Textile

  • Others

Nylon 6 & 66 Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • France

    • U.K.

  • Asia Pacific

    • China

    • Japan

    • South Korea

    • India

  • Central & South America

  • Middle East & Africa

 

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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