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What is the value of nylon fiber in the global market?

View: 25205/29/2023  

Nylon or polyamide fibers belong to a class of synthetic polymers that have many applications in the manufacture of clothing, fisheries, packaging, carpets, air filtration, and more. The total global market share for nylon fibers is approximately $30.2 billion.

The global nylon fiber market can be segmented on the following basis:

Based on product: According to products, the global nylon fiber market is divided into nylon 6, nylon 66, nylon-11, Nylon-12, etc.

Based on application: By use, the global nylon fiber market is divided into automotive, electronic and electrical, engineering plastics, textile and so on. The automotive sector has the largest share of the global nylon market, followed by engineering plastics and textiles. This is mainly because most car parts are replaced with nylon composites in order to reduce the weight of car parts.

Based on geographical region: By region, the global nylon fiber market is divided into North America (USA, Canada, Mexico), Europe (Germany, France, UK, Italy), Asia-Pacific (China, India, Japan, Korea), South America (Brazil, Argentina, Colombia, etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

Among all these regions, Asia-Pacific dominated the global nylon fiber market share in 2019 with a revenue share of over 42.95%, followed by Europe and North America. This is mainly because of the availability of cheap Labour and raw materials. Of these, China's share was the largest at more than 47.75% in 2019. Demand for nylon fibers is increasing in countries such as China, Japan, India and Indonesia because of growing demand from automobiles, textiles and other industries.


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