The global nylon-6 and nylon-66 market size is projected to reach USD 24,225.2 million in 2023. It is anticipated to expand at a CAGR of 4.6% in the forecast period. The market is likely to culminate in a valuation of USD 37,868.1 million by the end of 2033.
The global market for nylon-6 and nylon-66 stood at a valuation of USD 21,504.1 million in 2018. It experienced a 4.4% year-on-year (Y-o-Y) growth in 2022.
Nylon-6 (polyamide-6) and nylon-66 (polyamide-66) are synthetic polymers widely used in several industries. Nylon-6, also called polycaprolactam, is a versatile thermoplastic derived from caprolactam monomers.
There has been recently increasing demand for materials that have outstanding mechanical characteristics, exceptional tensile strength, and notable resistance against abrasion. Such materials are likely to boost nylon-6 sales. Its usage is projected to expand across diverse sectors.
Automakers are likely to use nylon-6 for the production of numerous components. The material is further set to be used in electrical connectors, integrated into machinery parts, as well as incorporated into textile fibers and packaging materials.
Nylon-66, renowned for its remarkable strength, stiffness, and impressive heat resistance, is a favored choice in sectors that demand exceptional mechanical performance. This high-performance nylon variant finds extensive application in the automotive sector for the production of robust parts.
Nylon-66 is also used in the electrical sector for connectors and components, as well as in the manufacturing of gears, bearings, and structural components across other sectors.
Key Trends Shaping the Nylon-6 and Nylon-66 Market:
| Attributes | Key Insights |
|---|---|
| Nylon-6 and Nylon-66 Market Estimated Size (2023E) | USD 24,225.2 million |
| Projected Market Valuation (2033F) | USD 37,868.1 million |
| Value-based CAGR (2023 to 2033) | 4.6% |
| Collective Value Share: Top 5 Countries (2023E) | 50% to 55% |
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The nylon-6 and nylon-66 market experienced a CAGR of 2.0% from 2018 to 2022. Future outlook for the market appears promising, with an anticipated CAGR of 4.6% from 2023 to 2033.
The market is set to be primarily driven by increasing demand for nylon in both fiber and resin applications. The textile sector’s growing need for nylon materials and evolving fashion trends favoring nylon-fiber apparel are contributing to the product's rising demand. Rapid expansion of the automotive sector is also likely to surge demand for nylon-resins due to their lightweight and high-strength properties.
To meet escalating demand from emerging areas, key players in the nylon market are ramping up their production facilities and expanding their global presence. This proactive approach to cater to evolving market dynamics is expected to further propel growth in the market for nylon-6 and nylon-66.
In recent years, the nylon-6 and nylon-66 industry has experienced significant growth. This growth is attributed to numerous factors that are related with end users, including automotive, textile, packaging, and electronics. A few of these factors are:
Growing Demand for Lightweight Materials from Automotive Sector: Nylon resin and fiber have emerged as highly sought-after materials within the automotive sector, particularly in the realm of electric vehicles (EVs). Rising popularity stems from their notable attributes of strength, durability, and lightweight nature. Nylon resin finds favor as the material of choice for battery housing owing to its lightweight composition, impressive heat resistance, and inherent durability. On the other hand, nylon fiber is employed for the production of lightweight and durable components such as airbag covers, carpeting, and seat covers. Recognizing the expanding EV sector, manufacturers are actively investing in research & development endeavors. These are aimed at further enhancing nylon materials and exploring novel applications to meet the evolving demands of the sector.
Rising Adoption of Nylon in Consumer Electronics and Solar Products: Nylon has established a strong presence in the consumer electronics and solar product sectors. It is owing to nylon’s exceptional durability, robust strength, and commendable resistance to environmental factors. Nylon is versatile poised to find extensive application in various areas, including cable insulation, connectors, and switches in consumer electronics. High dielectric strength and heat resistance of nylon make it a preferred choice for these specific applications. Solar product manufacturers are set to look for suitable materials such as nylon to provide structural support and facilitate smooth movement of components. Increasing demand for nylon in these industries is anticipated to contribute significantly to its market share.
Thriving Demand from End Users for Fiber and Plastic Applications: The global nylon market is poised for growth as industries such as textiles, automotive, electronics, and packaging drive high demand. Factors such as population growth, evolving fashion trends, and need for lightweight & durable materials, including 3D printing, are fueling demand for nylon fibers and plastic.
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Growth in the nylon-6 and nylon-66 industry might be hindered by tough competition from materials such as PP, PE, PET, and PBT. Increasing demand for these substitutes is owing to their lightweight, flexibility, low-cost, and recyclability properties.
Concerns about the environmental impact of non-biodegradable nylon products would also drive demand for sustainable alternatives. As non-biodegradable nylon products require significant energy and resources for production, their demand might be restricted.
Price volatility in raw materials such as adipic acid, hexamethylene diamine, and caprolactam can disrupt the market. It can further impact competitiveness, demand, long-term planning, investment in research & development, and innovation.
Demand for Nylon 66 Plastic to Rise with Increasing Aerospace Innovations in the United States
The United States is a key market for nylon-6 and nylon-66 due to its strong industrial and manufacturing sector and a well-established automotive sector. The country also has a technologically advanced landscape.
The United States emphasizes innovation, continuously exploring new applications for these materials. The country is also a world leader in aerospace innovations where nylon finds its applications in lightweight and high impact resistant materials. According to Future Market Insights (FMI), the United States is expected to surge at a CAGR of 4.5% during the forecast period.
Entry of Multinational Firms in China to Boost Sales among Nylon 66 Suppliers
China is set to be one of the fastest-growing markets for nylon due to its rapid industrialization, increasing infrastructure development, and government support. Rising manufacturing capabilities and ongoing technological advancements are a couple of other factors that would drive sales. With expansion of industries such as automotive, electronics, and textiles, versatility and durability of nylon would make it a preferred material.
China's status as a global manufacturing hub attracts multinational companies that rely on nylon, which would further push demand. Technological advancements have improved the quality and cost-effectiveness of nylon products, making them highly competitive in the country. The country is projected to witness a CAGR of 5.4% in the evaluation period.
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Demand for Nylon-6 to Expand Globally with Rising Production in Numerous Countries
According to Future Market Insights (FMI), by product type, the nylon-6 (PA6) segment dominates the global market, accounting for over 80% of its value share. This is primarily due to greater production of nylon-6 compared to nylon-66. Rising demand for nylon-6 fibers is anticipated to propel growth of this segment in the next ten years.
Nylon Fiber to Find Extensive Use in Textiles with Evolving Fashion Trends
Around 80% of nylon-6 and nylon-66 consumption is attributed to fiber production, with the textile sector being a significant consumer. Nylon fibers are extensively utilized in the manufacturing of clothing, carpets, and various other textiles, which would push demand.
Nylon fibers are replacing natural fibers due to their superior properties such as excellent strength, durability, and resistance. Unlike natural fibers, nylon doesn't wear, shrink, wrinkle, or face supply chain issues.
It's set to be a cost-effective and sustainable alternative, especially in textiles, carpets, and industrial products. Trend of using nylon fibers is projected to expand, which would drive up the global nylon-6 and nylon-66 market.
The global nylon-6 and nylon-66 market is moving toward consolidation with key players focusing to capture a large share. These players would invest in research and development activities for innovative product creation. They would also adopt acquisition strategies to expand their market presence.
A few leading players are investing in expansion of their production facilities in high-growth potential markets such as China and India to boost their business in these countries. As per the report, tier-1 players in nylon-6 and nylon-66 industry hold about 35 to 40% of the market share, while the rest is divided into tier-2 and tier-3 players.
A few key industry developments are listed below:
| Attribute | Detail |
|---|---|
| Estimated Market Size (2023) | USD 24,225.2 million |
| Projected Market Valuation (2033) | USD 37,868.1 million |
| Value-based CAGR (2023 to 2033) | 4.6% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD Million) and Volume (kilo tons) |
| Market Segments Covered |
Product Type, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Russia and Belarus; Balkan and Baltic Countries; Central Asia; East Asia; South Asia and Pacific; Middle East and Africa |
| Key Countries Covered | United States, Canada, Mexico, Argentina, Brazil, Germany, Italy, France, United Kingdom, Spain, Nordics, BENELUX, Poland, Hungary, Romania, Czech Republic, Russia, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia and New Zealand, Kingdom of Saudi Arabia, United Arab Emirates, Türkiye, Northern Africa, South Africa, Israel |
| Key Companies Profiled | BASF SE; Huntsman Corporation; Mitsubishi Chemical Holdings Corporation; Toray Industries Inc.; SABIC; LyondellBasell Industries N.V.; Formosa Plastic Corporation; LG Chem; Braskem SA; Lanxess AG; Celanese Corp.; Evonik Industries AG; Mitsui Chemical Inc.; Royal DSM N.V.; Toyobo Co. Ltd. |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Development of high-performance nylons and applications in additive manufacturing and advanced composites.
Growth in automotive and aerospace industries and the use of recycled and sustainable nylon production methods.
The market is expected to evolve at a CAGR of 4.6% from 2023 to 2033.
The automotive industry is a leading segment in the nylon-6 and nylon-66 market.
The market is expected to reach a valuation of USD 37,868.1 million by 2033.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 9.1. Nylon-6 (PA6) 9.1.1. Fiber Grade 9.1.2. Resin Grade 9.2. Nylon-66 (PA66) 9.2.1. Fiber Grade 9.2.2. Resin Grade 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 10.1. Engineering Plastics 10.1.1. Automotive 10.1.2. Industrial/Machinery 10.1.3. Electrical and Electronics 10.1.4. Consumer Goods and Appliances 10.1.5. Packaging / Films 10.1.6. Wires and Cables 10.1.7. Others 10.2. Fiber 10.2.1. Textiles 10.2.2. Industrial 10.2.3. Carpet 10.2.4. Staples 10.2.5. Others 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. Central Asia 11.6. Russia and Belarus 11.7. Balkan and Baltic Countries 11.8. Middle East and Africa (MEA) 11.9. East Asia 11.10. South Asia and Pacific 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Russia and Belarus Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Balkan and Baltic Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Central Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 21. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 22. Country-Wise Market Analysis 23. Market Structure Analysis 24. Competition Analysis 24.1. BASF SE 24.2. Huntsman Corporation 24.3. Mitsubishi Chemical Holdings Corporation 24.4. Toray Industries Inc. 24.5. SABIC 24.6. LyondellBasell Industries N.V. 24.7. Formosa Plastic Corporation 24.8. LG Chem 24.9. Braskem SA 24.10. Lanxess AG 24.11. Celanese Corp. 24.12. Evonik Industries AG 24.13. Mitsui Chemicals Inc. 24.14. Royal DSM N.V. 24.15. Toyobo Co. Ltd. 25. Primary Insights 26. Assumptions and Acronyms Used 27. Research Methodology
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Nylon-6 and Nylon-66 Market
