Nylon Resins Market Size (2024 - 2029)

The Nylon Resins Market is anticipated to experience growth driven by increasing demand from the packaging and automotive industries. Despite challenges posed by stringent environmental regulations on plastics usage, opportunities are expected to arise, particularly with the use of Nylon 6 and Nylon 66. Nylon 6 is projected to lead the market during the forecast period.

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Market Size of Nylon Resins Industry

Nylon Resins Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.45 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Nylon Resins Market Major Players

*Disclaimer: Major Players sorted in no particular order

Nylon Resins Market Analysis

The Nylon Resins Market size is expected to grow from 5.82 million tons in 2023 to 7.23 million tons by 2028, at a CAGR of 4.45% during the forecast period (2023-2028).

  • One of the major factors driving the market is the growing demand from the packaging industry and increasing usage in the automotive industry.
  • However, strict environmental regulations regarding the plastics usage is hindering the growth of the market studied.
  • The usage of Nylon 6 anf Nylon 66 is expected to provide opportunities in the market during the forceast period.
  • Among the product types, Nylon 6 is expected to dominate the market studied during the market studied.

Nylon Resins Industry Segmentation

Nylon resin is a type of engineering thermoplastic synthesized from ethylenediamine for the production of a variety of products for industrial use, such as films, hot-melt adhesives, binders, insulation, fiberglass, and filaments.

The nylon resin market is segmented by product type, application, end-user industry, and geography. By product type, the market is segmented into nylon 6, nylon 6,6, bio-based nylon, and other product types. By application, the market is segmented into moisture-absorbent, chemical-resistant, temperature-resistant, aesthetic colorable, and nylon alloys. By end-user industry, the market is segmented into automotive, aerospace and defense, electrical and electronics, packaging and storage, extrusion, and textile. The report also covers the market size and forecasts for the nylon resins market in 15 countries across major regions.

For each segment, the market sizing and forecasts have been done based on volume (Tons).

Product Type
Nylon 6
Nylon 6,6
Bio-based Nylon
Other Product Types
Application
Moisture Absorbent
Chemical Resistant
Temperature Resistant
Aesthetic
Colorable
Nylon Alloys
End-User Industry
Automotive
Aerospace and Defense
Electrical and Electronics
Packaging and Storage
Extrusion
Textile
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Nylon Resins Market Size Summary

The nylon resins market is poised for significant growth, driven by increasing demand from the packaging and automotive industries. Nylon's lightweight properties make it an ideal material for automotive applications, contributing to vehicle weight reduction and improved fuel efficiency. The automotive sector, which holds the largest share of nylon resin consumption, utilizes these resins in various components such as door panels, upholstery, and airbags. The rising production of vehicles, including electric vehicles, further fuels the demand for nylon resins. However, the market faces challenges from stringent environmental regulations concerning plastic usage. Despite these challenges, the use of Nylon 6 and Nylon 66 presents opportunities for market expansion, with Nylon 6 expected to dominate the market.

The Asia-Pacific region emerges as the largest and fastest-growing market for nylon resins, supported by increasing manufacturing capacities and robust automotive production. The region's dominance is further bolstered by significant investments from automakers and the growing electronics and packaging sectors. Nylon 6 compounds are increasingly used in electrical and electronics applications due to their desirable properties, while the demand for flexible packaging films is rising, particularly in countries like India. The global nylon resins market is moderately consolidated, with key players such as BASF SE, DuPont, and Asahi Kasei Corporation leading the market. Recent developments, such as chemical recycling initiatives and strategic acquisitions, indicate ongoing innovation and expansion within the industry.

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Nylon Resins Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Automobile Industry due to its High Utilization in making Molded Parts

      2. 1.1.2 Rising Demand from the Packaging Sector

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Strict Government Regulations for Reducing Negative Environmental Impacts

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Type

      1. 2.1.1 Nylon 6

      2. 2.1.2 Nylon 6,6

      3. 2.1.3 Bio-based Nylon

      4. 2.1.4 Other Product Types

    2. 2.2 Application

      1. 2.2.1 Moisture Absorbent

      2. 2.2.2 Chemical Resistant

      3. 2.2.3 Temperature Resistant

      4. 2.2.4 Aesthetic

      5. 2.2.5 Colorable

      6. 2.2.6 Nylon Alloys

    3. 2.3 End-User Industry

      1. 2.3.1 Automotive

      2. 2.3.2 Aerospace and Defense

      3. 2.3.3 Electrical and Electronics

      4. 2.3.4 Packaging and Storage

      5. 2.3.5 Extrusion

      6. 2.3.6 Textile

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 ASEAN Countries

        6. 2.4.1.6 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Nylon Resins Market Size FAQs

The Nylon Resins Market is projected to register a CAGR of 4.45% during the forecast period (2024-2029)

BASF SE, DuPont, DSM, Asahi Kasei Corporation and KURARAY CO., LTD. are the major companies operating in the Nylon Resins Market.

Nylon Resins Market Report Snapshots

Nylon Resins Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)