Nylon 6 & 66 Market (By Product: Nylon 66, Nylon 6; By Application: Automobile, Engineering Plastics, Electronics & Electrical, Textile, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026
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Introduction
Nylon is a lightweight, tough synthetic polymer that is capable of producing as a molded, filamented and sheet object, and has a chemical structure. It is a thermoplastic, silky material that after melting process can be converted into films, fibers and forms. Two synthetic polymers are nylons 6 and 66 known to be polyamides used in the automotive, plastic and textile sectors. Nylons 6,6 are equipped with a 265 degree Celsius melting point for a high synthetic fiber and up to 36 000 psi tensile and 50 000 psi flexural strength. The use of nylon 6 & 66 due to its high tensile strength, high elasticity and outstanding resistance in car spare and parts is expected to grow worldwide. The low elongation, better handling, very smooth and more elastic, biodegredient, make it used in medicine, the textiles and the fishing sector. Thus, the global nylon 6 & 66 market is expected to slow down as a result of its close substitute product and lower competitive price with good characteristics. The report provides analysis of global Nylon 6 & 66 market for the period 2016-2026, wherein 2019 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global Nylon 6 & 66 market is expected to grow at significant CAGR around 6 % throughout the forecast period and reach around US$ 42.2 billion by 2026.
Market Dynamics
Because of its less moisture absorption, Nylon 66 demonstrates high dimensional stability, together with excellent wear resistance. High heat, water and other electromechanical resistance are required for electrical protection devices to perform to standard. Moreover, the connection is shorter and stronger, and the structure is denser and tighter than nylon 6. In addition, improved nylon 66 characteristics are a major factor driving demand on nylon 6, the biggest product on this market. Nylon 66 has proven to be the preferred class of polyamides because of its strong dielectric resistance in thermally and mechanically stressed mouldings. Polymer technology developments have broadened the scope of application for nylon 66, which is to be developed in the next eight years. Furthermore, rapid growth of auto industry and the availability of optional automotive - like and PA6 global Nylon 6 & 66 products have an impact on the demand for better fuel efficiency and lightweight vehicles in developing countries.
Market Segmentation
Nylon 6 & 66 Market by Product
- Nylon 66
- Nylon 6
Nylon 6 & 66 Market by Application
- Automobile
- Engineering Plastics
- Electronics & Electrical
- Textile
- Others
Global Nylon 6 & 66 Market, by Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Chile
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
The market research study on “Nylon 6 & 66 Market (By Product: Nylon 66, Nylon 6; By Application: Automobile, Engineering Plastics, Electronics & Electrical, Textile, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Nylon 6 & 66 market segments with market dynamics and their impact. The report provides insights on global Nylon 6 & 66 market by Product, Application and major geographic regions.
BASF SE, INVESTA, are Likely to Continue to Lead the Global Nylon 6 & 66 Market
The Nylon 6 & 66 market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are BASF SE; AdvanSix Inc.; Lanxess AG; INVESTA; Huntsman Corporation; and DOMO Chemicals among others.