Nylon Fibers Market Share | Growth, Size, Trends, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2030
Market Research Future (MRFR) studied the global nylon fibers market 2020 through the study period till 2025. Between 2019 and 2025, the nylon fiber market can rise at 3.4% CAGR. By 2025, the nylon fiber market is expected to garner decent market value.
The high durability of artificially synthesized polymers in nylon over natural fibers, such as; hemp, jute, and silk among others is known to boost their adoption across end-consumers. Nylon fibers have properties, such as; excellent resilience, high abrasion, and long-life span. These remarkable properties of nylon fibers are used in the rapidly expanding, textile industry for hosiery manufacturing, knitted clothing, production of umbrella, and fabrication of bridal veils and parachutes among others. The growth dynamics of the textile industry is expected to support the global nylon fiber market expansion in the years ahead.
Furthermore, the increase in industrial and domestic applications of nylon fibers, coupled with launch of several innovations and advancements in the production technologies can promote expansion of the market in the years ahead. The rise in popularity of composite fibers due to their superior properties is observed to create lucrative opportunities for investors to execute their high-return plans.
However, as nylon fibers are non-biodegradable, they have hazardous impact on the environment as they contribute to increase in emissions of GHG gases and global warming. The rise in environmental concerns can restrain the global nylon fiber market surge in the years ahead.
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Market Segmentation
The global nylon fibers market has been segmented based on type, application, and region.
Based on type, the global market is classified into nylon-6,6, nylon-6, nylon-6,10, nylon-11, and others. Based on application, the global market has been classified as technical textile, textile, filtration, fishing, consumer goods, and others.
The global market is expected to be driven by increased demand for nylon fibers in the manufacturing of textiles such as clothes, ropes, awnings, and others. This is primarily attributed to the increased use of nylon 6, 6 and nylon 6 in the production of carpets and knitted clothes on account of their high abrasion resistance and flexibility. In addition, these fabrics are also used to impart luster in high-end fabrics such as chiffon and organza. The surging demand for nylon fibers in the production of consumer goods such as toothbrush bristles, toy cars, strings of musical instruments and others is likely to fuel the demand for nylon fibers in the coming years.
In addition, on account of their high chemical resistance, the increasing use of nylon fibers as filter media in various industrial applications is further augmenting the market growth. For instance, nylon fibers membranes are highly recommended for filtering protein-free culture media.
Detailed Regional Analysis
In Asia Pacific, the nylon fibers market can surge at the highest CAGR by 2025. The rapid expansion of the regional population and hike in disposable income can earn decent profit for the market. China is one of the largest consumers and producers of nylon fibers, thus the region can earn high profit for APAC market through trading. The surge in exports activities in Southeast Asian countries can support the regional market.
In North America, the nylon fiber market can secure substantial share for the worldwide market. The increase in demand for lightweight fabric and the high strength offered by nylon fibers finds applications in patio umbrellas, and awnings among others. The increase in production and demand for such solutions can contribute to the augmentation of the market.
In Europe, the nylon fiber can register significant CAGR as the utility of nylon fibers in the manufacturing of automobile components, such as; tire cord, hoses, and airbags among others, can influence the market. The growing environmental concerns is favoring developments of eco-friendly nylon fibers that is likely to propel the regional market in the approaching years.
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Latin America nylon fiber market and the Middle East and Africa regional market can exhibit substantial expansion through the forecast tenure owing to the rise in per capita disposable income and expansion of oil and gas market.
Key Players
Evonik Industries AG (Germany), Solvay (Belgium), BASF SE (Germany), Radici Partecipazioni SpA (Italy), Ascend Performance Materials (US), Shenma Industrial Co., Ltd. (China), INVISTA (US), Asahi Kasei Corporation (Japan), EMS-CHEMIE HOLDING AG (Switzerland), DuPont de Nemours, Inc. (US), LIBOLON (Taiwan), and Shakespeare Company, LLC. (US) are some major players in the global nylon fiber market that are listed by MRFR.