Nylon Market Research Report‚ÄĒGlobal Forecast till 2030

Nylon Market Research Report Information By Type (Nylon 6, Nylon 6,6 , Nylon 12 and Others), Application (Automotive, Electrical & Electronics, Packaging, Textile, Sports and Others) and Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa) Forecast Till 2030

ID: MRFR/CnM/0562-CR | 115 Pages | Published By Anshula Mandaokar on August 2022         

Nylon market Speak to Analyst Request a Free Sample

Global Nylon Market Overview

The Nylon Market Size was valued at USD 30.02 Billion in 2022 and is projected to grow from USD 31.03 Billion in 2023 to USD 55.35 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.47% during the forecast period (2023 - 2030). nylon or polyamide is manufactured by polymerizing caprolactam or adipic acid & hexamethylene diamine. It is a highly versatile polymeric material used in various industries for different applications. Be it automotive applications or sports, the adoption of the product is significant. For instance, polyamide fiber is used in airbags of vehicles as well as in professional volleyball nets.

Nylon Market Overview           

 Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Nylon Market Trends

  • Rising Demand from Automotive Industry is Anticipated to Drive Market Growth.

Nylon is extensively used in the automotive industry due to its high workability, strength, and toughness, and thus it is widely used in the automotive industry. The polymer supports both the molding and extrusion processes, so it can be used to manufacture a variety of auto parts. Properties, such as high-temperature resistance and chemical resistance, make it the material of choice for harsh environments. For instance, auto parts, which are exposed to extreme temperatures & fluids, such as engine lubricants, are developed from polyamide. PA 6 & PA 6,6 parts are relatively lighter than metallic components. This factor can significantly improve the efficiency of conventional IC-powered vehicles. Due to the high prices of gasoline and rising environmental concerns, the vehicle economy is becoming the main aspect when purchasing vehicles. 

source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Additionally, The automotive sector has witnessed a paradigm shift toward electric vehicles over the past few years. Major automakers, such as Ford, General Motors, Volkswagen, Toyota, and Tata Motors, are already bidding high on the electric future. Maintaining a high power-to-weight ratio is a key challenge for the electric vehicle industry. Since lighter vehicles influence the battery size, employing lighter materials can be crucial in reducing the overall weight of the electric vehicle. Developing economies, such as China and India, are likely to witness an increase in demand for mobility solutions during the forecast period owing to the volume growth in the population. The rising purchasing power of consumers in developing economies is likely to push demand for both commercial and passenger vehicles. Advanced engineering materials are likely to be widely employed in auto parts manufacturing due to their superior properties. Thus rising demand for the material from the automotive industry is anticipated to drive market growth.

Nylon Market Segment Insights

Nylon Type Insights

The  Nylon Market segmentation, based on Type, includes Nylon 6 {Resin & Fiber}, Nylon 6,6 {Resin & Fiber}. Nylon 6 fibers dominate the global market due to their strong adoption in the textile industry. Due to its high mechanical strength, toughness, and wear resistance, it is used to manufacture webbing products such as dog leashes, safety belts, luggage straps, sports goods, and others.

Nylon Application Insights

Based on Application, the  Nylon Market segmentation includes Automotive, Electrical & Electronics, Appliances, Film & Coating, Wire & Cable, Consumer, Industrial & Machinery, and Others. The automotive segment accounts for a significant nylon market share in the global market. Due to the high usability of the resin and fiber in automobiles in the form of tire cords, airbags, and injection molded components, results in high revenue generation from the automotive segment. The demand for plastics is continuously increasing in the automotive industry to optimize fuel efficiency and reduce vehicle weight. With the increasing sales of electric vehicles and the establishment of proper electric vehicle infrastructure, engineering plastics are expected to play a major role.

Figure 2:  Nylon Market, by Type, 2023 & 2030 (USD Billion)

Nylon Market, by Type, 2023 & 2030          

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Nylon Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The market in Asia Pacific stood at USD 13.32 billion in 2021 and is anticipated to remain dominant owing to the rising demand from automotive and films & coating applications for the packaging industry during the forecast period. The demand in the region is predominantly driven by emerging economies such as China and India. China accounts for more than half of the total consumption and production in the region. Also, to decrease its dependence on imports, major producers are coming up with production facilities in China to cater to the rising demand in the country and the surrounding region. On the other hand, PA 6 and caprolactam are oversupplied in the regional market, which has resulted in lower operating rates.



Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review 

North America is one of the largest producers of the product. The automotive industry drives the regional market. The U.S. has witnessed a rapid increase in electric vehicle sales in recent years, which is likely to continue during the forecast period. According to the U.S. Department of Energy, electric vehicle sales increased by 85% in 2021 relative to the previous year. This factor includes increased demand for commercial and passenger vehicles over the last decade. The ban on single-use plastics in the U.S. is expected to further increase the demand for nylon films in the region.

The European market is expected to grow moderately over the forecast period, backed by strong demand from the automotive industry. Lawmakers in Europe are introducing attractive norms such as subsidies to increase the sales of electric vehicles. For instance, Germany has increased the subsidy granted on electric vehicles and extended the environmental bonus criterion to e-vehicle owners until the end of 2025. Similarly, France has also increased the subsidy amount. Meanwhile, countries such as Sweden have announced an exemption from vehicle tax for e-vehicle owners. This factor is expected to increase electric vehicle sales and consumption in the automotive industry during the forecast period. Moreover, the EU has voted for a complete ban on single-use plastic by 2021, which is expected to boost the consumption of recyclable plastic films during the forecast period.

Nylon Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Nylon market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Nylon industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Nylon. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Nylon industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Nylon industry to benefit customers and expand the market sector. The Nylon market has recently given medicine some of the most important advantages. Major Nylon market players, including AdvanSix Inc., Invista, Ascend Performance Materials, Nylon Corporation of America, Inc. (NYCOA), Laxness, Domo Chemicals, and others, are attempting to increase market demand by funding R&D initiatives.

NILIT is a manufacturer of nylon fibers and polyamide resins. It is involved in the polymerization, spinning, and texturing of nylon yarns for apparel and textile applications.

Also, DOMO Chemicals is a producer of advanced engineering plastics. It offers a portfolio of polyamide 6/6.6 intermediates and resins, engineered materials, performance fibers, fertilizers, and the distribution of petrochemical products.

Key Companies in the Nylon market include

  • AdvanSix Inc., Invista

  • Ascend Performance Materials

  • Nylon Corporation of America, Inc. (NYCOA)

  • Laxness

  • Domo Chemicals

  • Radici Partecipazioni SpA

  • Evonik

  • Toray Industries

  • Libolon


  • DuPont

  • LyondellBasell Industries N.V.

  • Evonik Industries AG


  • Shenma Industrial Co., Ltd

  • Arkema S.A

Nylon Industry Developments

In September 2021, AdvanSix launched 100% post-industrial recycled (PIR) grades to its industry-leading portfolio of Aegis PA6 Resins and Capran Biaxially Oriented Polyamide (BOPA) films. The new products offer customers a way to address their sustainability goals by incorporating materials built on recycled monomers reclaimed from waste streams into their end products without compromises or trade-offs on performance.

Nylon Market Segmentation

Nylon Type Outlook

  • Nylon 6 {Resin & Fiber}

  • Nylon 6,6 {Resin & Fiber}

Nylon Application Outlook

  • Automotive

  • Electrical & Electronics

  • Appliances

  • Film & Coating

  • Wire & Cable

  • Consumer

  • Industrial & Machinery

  • Others

Nylon Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD  30.02 Billion
Market Size 2023 USD 31.03 Billion
Market Size 2030 USD 55.35 Billion
Compound Annual Growth Rate (CAGR) 5.47% (2023-2030)
Base Year 2023
Market Forecast Period 2023-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled AdvanSix Inc., Invista, Ascend Performance Materials, Nylon Corporation of America, Inc. (NYCOA), Laxness, Domo Chemicals, Radici Partecipazioni SpA, Evonik, Toray Industries, Libolon, TOYOBO CO LTD, DuPont, LyondellBasell Industries N.V., Evonik Industries AG, SABIC BASF SE, Shenma Industrial Co., Ltd, Arkema S.A, and others.
Key Market Opportunities ·         Use of nylon in mooring ropes for floating wind turbines.
Key Market Dynamics ·         Use in the automotive industry

Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The  Nylon Market size was valued at USD  30.02 Billion in 2022.

The global market is projected to grow at a CAGR of 5.47% during the forecast period, 2023-2030.

Asia Pacific had the largest share of the  Nylon Market.

The key players in the market are AdvanSix Inc., Invista, Ascend Performance Materials, Nylon Corporation of America, Inc. (NYCOA), Laxness, Domo Chemicals, Radici Partecipazioni SpA, Evonik, Toray Industries, Libolon, TOYOBO CO LTD, DuPont, LyondellBasell Industries N.V., Evonik Industries AG, SABIC BASF SE, Shenma Industrial Co., Ltd, Arkema S.A, and others.

The Nylon 6 categories dominated the market in 2023.

Automotive had the largest share in the global market for Nylon.