Market Insights:
Nylon fibers demonstrate some of the unique
properties such as excellent resistance to abrasion, and durability. Nylon
fabrics are easy to wash and fastest to dry and can be dyed in a range of
colors. The filament yarns provide a smooth, soft, and lightweight fabric of
high resilience. Hence, these fibers find a wide range of applications in some
of the burgeoning industries such as the automobile and textile industries.
Nylon fibers are extensively used in the
apparel industry and in various house-furnishing applications such as
upholstery materials, and others. Needless to that the Nylon fiber market is
growing pervasively in the global space, witnessing the huge demand from the
automotive, textile and furnishing industry.
Acknowledging the kind of accruals the market
is witnessing currently, Market Research Future (MRFR) in its recently published
study report asserts that the global Nylon fiber market is projected to grow
exponentially by 2023 registering a phenomenal CAGR throughout the forecast
period (2016–2023).
The major driving forces behind the market
growth are large production textile looms in developing countries backed by the
availability of abundant natural resources and cost-competitive labor force.
Besides, the growing population and urbanization worldwide, is generating
substantial demand for these fibers, increasing the demand for clothing and for
fashion clothing as well.
Burgeoning fashion industry is one of the key
driving forces behind the market growth. Improving economic conditions support
the market growth globally, improving consumers’ purchasing power and increasing
sales in the automotive industry.
On the other hand, stringent regulations
pertaining to the manufacturing of these fibers is expected to obstruct the
market growth during the assessment period. Moreover, the price volatility of
the feedstock and the demand and supply gap of the feedstock is expected to
hamper the market growth, impacting the profit margins for the market players.
Additionally, Nylon fibers market is confronted by the increasing uptake and
sales of newly developed substitutes and alternatives such as polyester which
might impede the market growth during the forecast period.
Key Players:
·
Sumitomo
Chemical Co., Ltd.
·
E.
I. du Pont de Nemours Company
·
Toray
Industries, Inc.
·
Aquafil
S.p.A
·
UBE
Industries, Ltd.
·
Ascend
Performance Materials
·
Fiber
Innovation Technology, Inc.
Market Segments
The MRFR analysis is
been segmented into four key dynamics for the convenience of understanding:-
By Types :
nylon-4,6; nylon-6,6; nylon-6; nylon-6,10; nylon-6,9; nylon-6,12;
nylon-11; and nylon-12 among others .
By Applications :
Clothes, Fishing, Packaging, Carpet, and Air Filtration, among others.
By End-Users : Automotive,
Textile, and Industrial among others.
By Regions : North America, Europe, APAC
and Rest-of-the-World (RoW).
Automotive and
textile industries including applications like clothes, fishing, packaging,
carpet, air filtration, continued to be the highest end-users of nylon fibers
especially in the APAC and Europe region.
Industry/ Innovation/
Related News:
July 23, 2018 – INVISTA (US), a leading global integrated
fiber, resin, and Intermediates Company launched its new TrueLock brand,
adhering to its commitment to best-in-class solution-dyed nylon (SDN) 6, 6
fiber technology innovation and its commitment for developing the durable,
eco-efficient fabric solutions of the future.
This is a major milestone for Invista, which
expanded last year to increase U.S. capacity of high-tenacity, specialty fibers
for Cordura fabrics. The accelerating investments in the development of new SDN
capabilities are complementing the company’s existing high tenacity nylon 6, 6
filament fiber manufacturing processes.
August 02, 2018 – Naprotec LLC/ Nabaltec AG (Germany), one of the
leading global developer and manufacturer, and distributor specializing in the
products based on mineral raw materials announced the commencement of
operations at the recently purchased 28 acres of the former DuPont plant site
in Chattanooga where it plans to manufacture a product used in the plastics
industry including nylon.
To increase its nylon fabric production,
Naprotec has also bought 24 acres from Invista, and another four acres from
Kordsa Inc., which makes nylon fiber at the North Access Road facility.
Global Nylon Fiber Market – Regional Analysis
The Asia Pacific accounts for the leading
market for Nylon fiber due to the newly found applications of these fibers and
the rising sale in apparels backed by the burgeoning online fashion market.
Besides, a well-established manufacturing industry is fostering the market
growth in the region by supplying the tailor-made nylon fibers for automobile
and textile industry.
Furthermore, the growing markets in some of the
APAC countries such as Taiwan, Japan, and India, backed by the huge demand from
textile industry are helping the region to get placed in the leading position.
The Europe nylon fiber market accounts for one
of the promising markets in the global space. The market is expected to
demonstrate a significant rise in the overall demand for the product owing to
the presence of many automotive players in the region.
Additionally, huge demand in various
applications such as clothes, fishing, packaging, carpet, air filtration, and
others specialties are driving the market growth in the region. Also, the
growing demand for automotive, textiles and other industries especially in the
countries such as Germany, France, and Italy are boosting the nylon fiber
market.
Markets in Latin America and the Middle East
are too growing rapidly owing to the growing applications of the nylon fibers
combining with the other types of fibers such as cotton, wool, silk, nylon,
viscose, and others.
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