As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global nylon market is being aided by the rapidly expanding automobile industry, where its demand has increased particularly to manufacture lightweight vehicles. The Asia Pacific serves as both the largest supply and highest demand market for the product. The region accounts for nearly 60% of total capacity in the global nylon industry. Within the Asia Pacific, though China is the major importer of nylon, Japan has emerged as the leading importer of the product in 2018 owing to the growing automobiles and electronics industry in the region. In the Asia Pacific and Latin America, the increased demand for nylon 6 and nylon 6,6 is supporting the growth of the industry. Another significant market for the product is Europe, where the growing end-use sectors of nylon, such as, film and coatings and automobiles, among others are driving the demand for the product in the region. Country-wise, Germany and the United States are the leading exporter of the product, together accounting for more than 30% of the global exports. The growing CPG, and packaging and coating industries are further fueling the global demand for nylon.
The growing demand for polyamides to produce lightweight and high-quality products is leading to the growth of the global nylon industry as nylon is one of its types. In August 2019, Solvay S.A. (EBR: SOLB), a key player in the industry, announced that the company, together with BASF (OTCMKTS: BASFY) and Domo Chemicals have reached an agreement that Domo will acquire the Solvay’s European Polyamide 6.6 (PA 6.6) business, finally leading to the divestiture of Solvay’s global, non-European PA 6.6 business to BASF, which aims to increase capacities to produce polymers and further develop polyamide 6.6. This decision was taken after the European Commission approved BASF’s USD 1.8 billion purchase of Solvay’s nylon 6,6 business in January 2019. Such developments are expected to aid the global nylon industry over the forecast period.
Market Breakup by Types, End-Uses, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global nylon market are BASF SE, E. I. du Pont de Nemours and Company, Ascend Performance Materials LLC, LANXESS Corporation, Koninklijke DSM N.V., Solvay, Invista, libolon enterprise co. ltd, and Honeywell International Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence companies, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and evergrowing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.