Global Nylon 66 Market

Posted by Ganesh Mane on February 11th, 2021

Global Nylon 66 Market was valued at US$ 5.09 Bn in 2019 and is expected to reach US$ 6.70 Bn by 2026, at a CAGR of 3.1% during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Nylon is one of the most popular and widely used engineering thermoplastic materials. It is cost-effective and it has excellent mechanical properties. Two different molecules (adipic acid and hexamethylene diamine) are combined to create repeat units of 6 carbon atoms, thus the name nylon 66. Nylon 66 is superior in many applications to nylon 6—the other large volume nylon—due to its outstanding dimensional stability, higher melting point, and more compact molecular structure. And, with a less open structure, the 66 fiber has good dye wash fastness and UV light-fastness, and excellent performance in high-speed spinning processes.

Demand for nylon 6 has been increasing due to its unique properties including high tensile strength, excellent resistance to abrasion, and wrinkle-proof with high elasticity and excellent luster, however, the volatile price of crude oil is anticipated to impact the production costs of nylon 6 consequently hampering market growth owing to the high price sensitivity of consumers.

In terms of application, automotive application dominates the global market for nylon 66, due to its major share in the overall market. Increasing demand for automobiles because of infrastructure improvements and rising consumer disposable income is anticipated to boost nylon 6 market growth over the forecast period. A shift towards fuel-efficient and eco-friendly automobiles has encouraged the application of nylon 6 in automobiles which is estimated to push market growth. An increase in the production of electronic and electrical products is likely to influence the demand of the nylon 66 market.

Based on grade, Resin-grade nylon 66 products are used in engineering plastic for the vehicle engine and engine mechanisms, this is another factor attributing growth in the near future. The price of the nylon 66 material is increasing due to the unavailability of resources, this is another factor contributing to growth and demand in coming years. The resin grade segment is expected to record a significant growth rate during the forecast period.

Geographically, the North American market is expected to be a leading contributor to the global nylon 66 market. Major revenue shareholder is due to the presence of major market players, technological innovations, and a relatively matured market for the automotive industry. In terms of value and volume, the electrical & electronics segment is anticipated to expand at a rapid pace, followed by the automotive segment, between 2018 and 2026. The growth of automobile and packaging industries in the Asia Pacific is expected to drive nylon 66 market growth over the forecast period.

The report covers a global and regional level estimation and analysis for the Nylon 66 market. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges key issues SWOT analysis, and technology forecasting is also illustrated in the report. The Nylon 66 market report covers an in-depth study of the global and regional market and market attractiveness analysis, wherein the application, grade, and regional segments are benchmarked based on their growth rate, general attractiveness, and market size.

The key market players operating in the global Nylon 66 market are UBE INDUSTRIES Ltd., BASF SE, Ascend Performance Materials LLC, Ensinger GmbH, LANXESS, Radici Group, Asahi Kasei Corporation, Royal DSM, Dow DuPont Inc., CELANESE CORPORATION, and EMS-GRIVORY, INVISTA, Honeywell international, Sabic, Rhodia, Libolon.

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Scope of the Global Nylon 66 Market:

Global Nylon 66 Market, by Grade:

• Fiber
• Resin
Global Nylon 66 Market, by Application:

• Textiles
• Industrial/Machinery
• Carpets
• Automotive
• Consumer Goods & Appliances
• Carpets
• Packaging
• Films & Textiles
• Others
Global Nylon 66 Market, by Region:

• North America
• Europe
• Middle East & Africa
• Asia-Pacific
• Latin America
Key Players Operating In the Global Nylon 66 Market:

• Ascend Performance Materials LLC
• Ensinger GmbH
• Radici Group
• Asahi Kasei Corporation
• Royal DSM
• Dow DuPont Inc.
• Honeywell international
• Sabic
• Rhodia
• Libolon

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Ganesh Mane

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Ganesh Mane
Joined: January 27th, 2021
Articles Posted: 125

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