Nylon Procurement Intelligence Develop at a CAGR of 6.5% Till 2030Posted by rahul nikade on July 24th, 2024 Nylon Procurement Intelligence The nylon category is anticipated to grow at a CAGR of 6.5% from 2024 to 2030. The increasing demand for lightweight and durable materials in industries such as automotive, textiles, and consumer goods are driving the growth of the category. The increase in car manufacturing is anticipated to boost the need for nylon employed within the automotive sector. The surge in automobile production can be attributed mainly to the rapid expansion of the Chinese market and the steady growth of the European automotive industry. Furthermore, the vehicle industry has experienced significant growth in recent years, particularly in the Asia-Pacific region. According to the International Organization of Motor Vehicle Manufacturers, a total of 85,016,728 vehicles were produced globally in 2022, with China, the U.S., and Japan are the top three producers. Anticipated growth in automobile demand is expected to have an indirect impact on the production of nylon, consequently giving rise to a surge in the overall category expansion. Order your copy of the Nylon category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis Nylon Procurement Intelligence Report Scope The Nylon category is expected to have pricing growth outlook of 5% - 9% (annual), with below pricing models.
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Nylon Procurement Intelligence Report Coverage Grand View Research will cover the following aspects in the report:
Nylon Procurement Cost and Supplier Intelligence Raw material, labor, machinery, facilities, and packaging & transportation are some of the key cost components incurred in producing nylon. Other costs are rent and utilities, repair and maintenance, and legal charges. The average cost of starting a nylon production business can be around USD 35,000. Raw materials and labor account for a major part of the overall cost structure. The price of nylon 6/6 as of December 2023 was around USD 2.69/kg in China, USD 3.35 in the U.S., and USD 3.20 in Germany. In H1 2023, nylon prices fluctuated at the lower end of the pricing spectrum due to falling demand accompanied by over-stocked inventories and the availability of cheap imports from China. With the stabilization of freight and supply chain processes in H1 2023, there was a notable reduction in upstream cost pressures. Under sourcing intelligence, end-use companies such as automotive firms usually outsource nylon production. These companies may have partnerships or contracts with nylon manufacturers to ensure a reliable supply of materials for various components in their vehicles, such as engine compartments, interior trims, and exterior components. For instance, Jaguar Land Rover, a part of Tata Motors, works with ECONYL nylon to develop quality interiors. Automotive companies seek to source bio-based nylon to increase their sustainability. These companies also maintain long-term relationships with nylon suppliers to get discounts on bulk orders, and consistent and on-time delivery. List of Key Suppliers
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