The global Nylon market size is expected to be worth around US$ 50.31 billion by 2030, according to a new report by Vision Research Reports.
The global Nylon market size was valued at US$ 31.70 billion in 2020 and is anticipated to grow at a CAGR of 7.8% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 50.31 billion by 2030 |
| Growth Rate | CAGR of 7.8% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | BASF SE; Lanxess AG; Huntsman Corp.; AdvanSix, Inc.; Ube Industries Ltd.; Domo Chemicals; Toray Industries, Inc.; Ashley Polymers, Inc.; Ascend Performance Materials LLC; Toyobo Co. Ltd.; Goodfellow Group |
Growth Factors
Increasing demand for nylon from automobile applications is expected to propel the market growth during the forecast period. The automobile industry is highly concentrated. Even though the product range is high owing to a large number of market participants, around 49% of the market is dominated by top players including GM, Toyota, Ford, and Volkswagen. Nylon is used in engine components, such as bushings, oil containers, wire harness connectors, fuse boxes, cylinder head covers, crankcases, and timing belts. The rise in production can mainly be attributed to the rapid growth of the automotive industry of Europe.
Key Players
Market Segmentation
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