About Nylon 6/6 Industry
Nylon 6/6, is a type of nylon polyamide (polyamide 6/6) or nylon. It is one of the most commonly used materials in the textile and plastic industries. The industry relies on Nylon 6/6 for its insulating properties and high dielectric strength. It is used in wire and cable insulation, electrical connectors, circuit breakers, and electronic housings. Moreover, increasing demand from the industrial segment owing to rising investment in industrial infrastructure, increasing efficiency of mass production, and diversity of goods and products further propel the growth for the nylon 6/6 market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the nylon 6, 6 industry market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for nylon 6, 6 industry market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Nylon 6/6 Industry market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell International (United States), BASF SE (Germany), Royal DSM (Netherland), EMS-GRIVORY (Switzerland), LANXESS (Germany), Rhodia (France), Ascend Performance Materials (United States), CELANESE CORPORATION (United States), UBE Industries, Ltd (Japan), Huntsman Corporation (United States), AdvanSix Inc. (United States), INVISTA (United States) and Domo Chemicals (Belgium) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Evonik Industries (Germany), Ashley Polymer Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Nylon 6/6 Industry market by Type (Impact Modifiers Modified Nylon 6/6, Fibers Modified Nylon 6/6, Internal Lubricants Modified Nylon 6/6, Fillers Modified Nylon 6/6 and Others), Application (Automotive Industry, Healthcare, Textile, Films & Coating, Consumer Goods, Industrial & Manufacturing, Electric Panels & Cabinet, Telecommunication Equipment and Others) and Region.
On the basis of geography, the market of Nylon 6/6 Industry has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Grade, the sub-segment i.e. Resin Grade will boost the Nylon 6/6 Industry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing popularity of bio-based nylon materials. and Increasing investment in production facilities.
Market Growth Drivers:
Growing demand for lightweight materials to manufacture intricate parts in the automotive sector. and The increasing demand for nylon 6/6 in the electrical and electronics industry.
Challenges:
Unavailability of resources.
Restraints:
Shift in consumer preference.
Opportunities:
Technological advancements in nylon materials.
Market Leaders and their expansionary development strategies
In November 2022, Celanese Corporation successfully acquired a significant portion of DuPont's Mobility and Materials business. This acquisition brings Celanese a diverse range of engineered thermoplastics, elastomers, and renowned brands. It also offers valuable intellectual property, worldwide production assets, and an exceptional organization.
In July 2023, Solvay, a leader of high performance and sustainable polyamide 6.6 polymers launched, specialized grade of Rhodianyl, made of 100% pre-consumer recycled polyamide, which is produced at its Santo Andre plant in Brazil. The product has achieved SCS Recycled Content Certification, reaffirming Solvay's commitment to circular economy.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.