Global Nylon Market Size To Exceed USD 58.24 Billion by 2033: Market Growth Report

Global Nylon Market Size To Exceed USD 58.24 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Nylon Market Size is Expected to Grow from USD 34.12 Billion in 2023 to USD 58.24 Billion by 2033, at a CAGR of 5.49% during the forecast period 2023-2033.  

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Nylon Market Size, Share, and COVID-19 Impact Analysis, By Product (Nylon 6 and Nylon 66), By Application (Automobile, Electrical & Electronics, Engineering Plastics, Textiles, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

The global nylon market refers to the industry that manufactures and distributes nylon, a synthetic polymer used in electronics, packaging, automobiles, and textiles. Demand for materials that last is driving the market's expansion, which is reliant on sustainability initiatives, technology developments, and raw material prices. Key driving factors for the growth of the nylon market include the increasing demand in the automobile sector for strong, lightweight materials to cut emissions and increase fuel economy.  Because nylon is widely utilized in clothing, sportswear, and industrial materials, the textile sector also plays a significant role.  Nylon's strength and barrier qualities are also essential to the packaging industry, as they make it suitable for industrial and food packaging. However, regulation is difficult because of environmental issues with nylon's non-biodegradability and carbon emissions from production. Market expansion is further constrained by consumers' increasing preference for bio-based and sustainable alternatives, such as recycled materials and bio-polyamides.

The nylon 6  segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period.

On the basis of product, the global nylon market is divided into nylon 6 and nylon 66. Among these, the nylon 6 segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period. The segment growth is attributed to its affordability, reliability, and adaptability to a variety of industries, including electrical protection, textiles, and automobiles. Demand is prompted by the improved surface quality, strength, and quick-drying qualities in engineering plastics, carpets, and apparel.

The automobile segment accounted for the highest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

On the basis of application, the global nylon market is divided into automobile, electrical & electronics, engineering plastics, textiles, and others. Among these, the automobile segment accounted for the highest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment growth can be attributed to the rising need for automobiles that are durable, lightweight, and fuel-efficient. Nylon composites are perfect for engine, interior, and exterior components because of their superior strength, resilience, and resistance to wear.

Asia Pacific is anticipated to hold the largest share of the global nylon market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global nylon market over the predicted timeframe. The regional market growth can be attributed to the growing production, rapid industrialization, and strong demand from important sectors including electronics, automotive, and textiles. Government programs that promote industrial growth and investment in high-performance materials include India's Production Linked Incentive (PLI) Scheme and China's "Made in China 2025." Urbanization, growing infrastructure projects, and rising disposable incomes all contribute to the demand for products constructed from nylon.

North America is expected to grow at the fastest CAGR in the global nylon market during the forecast period. The regional market growth can be attributed because of the strong textile, automotive, and aerospace sectors. Utilization in cooling systems, airbags, and engine components is increased by the growing demand for lightweight, high-performance materials. Innovation is supported by customer purchasing power, R&D expenditures, and government assistance for sustainable polymers; employing recycled and bio-based nylon drives up growth.

Company Profiling

Major vendors in the global nylon market are BASF SE, Lanxess, Huntsman International LLC, AdvanSix, Ube Industries Ltd., Domo Chemicals, TORAY INDUSTRIES, INC., Ashley Polymers, Inc., Ascend Performance Materials, TOYOBO CO., LTD., Goodfellow, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In October 2024, Legacy brand L'eggs relaunched with eco-friendly shapewear tights made from recycled yarns, targeting a younger demographic and reflecting the resurgence of pantyhose as a fashion accessory

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global nylon market based on the below-mentioned segments: 

Global Nylon Market, By Product

• Nylon 6
• Nylon 66

Global Nylon Market, ByApplication

• Automobile
• Electrical & Electronics
• Engineering Plastics
• Textiles
• Others

Global Nylon Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa