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.
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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 Industry 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.
Global Nylon Fiber 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.
Key Players:
The global Nylon fiber market is led by some of the fervent players including Sumitomo Chemical Co., Ltd.(Japan), E. I. du Pont de Nemours and Company(US), Toray Industries, Inc.(Japan), Aquafil S.p.A(USA), UBE Industries, Ltd.(Japan), Ascend Performance Materials(US), and Fiber Innovation Technology, Inc.(US). Profiling them in its analysis, MRFR finds out the strategies keep them at the forefront of the market competition.
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.
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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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