Global High-Performance Nylon Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
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“Global High-Performance Nylon Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global high-performance nylon market report has been segmented on the basis of type, application, and region
Global High-Performance Nylon Market: Overview
Nylon is a synthetic thermoplastic linear polyamide and can be used in a wide variety of applications such as clothing, reinforcement in rubber material like car tires, use as a rope or thread, etc. Nylon, when combined with a large variety of additives variety of products with significantly different material properties, can be produced. Nylon is an important polymer for the production of high-performance fibers. Some of the major properties that are increasing its demand from various end-use industries are high tenacity, high elasticity, good adhesion to rubber, and resistance to heat, abrasion, and chemicals.
Global High-Performance Nylon Market: Dynamics
Rapid industrialization in developed and developing countries, flourishing electronic sector, and high adoption of high-performance nylon by electronic manufacturers in the production of lead-free surface-mount technology, traditional connectors, high-voltage insulators and structural components for hand-held-devices are some major factors expected to drive growth of the global market.
In addition, increasing automotive sale across the globe, continuous R&D activities by manufacturers in order to improve the performance of the vehicle, coupled with increasing adoption of high performance nylon in production of engine cooling components, such as thermostat housings and water pumps, owing to its properties such as high tenacity, high resistance to heat, abrasion, and chemicals is another are some other factors expected to further boost the growth of the market.
Moreover, increasing demand for high-performance nylon by medical device manufacturers in order to increase the efficiency of the devices is another factor expected to further support growth of the global market to a certain extent.
However, the availability of various alternatives is a major factor expected to hamper growth of the global market.
Increasing R&D activities by major players for technological advancements and innovative product offerings are expected to further create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, increasing expansion activities by major players through strategic agreements in order to increase their customer base is expected to further support growth of the global market to a certain extent.
Global High-Performance Nylon Market: Segment
Among the type segments, nylon 66 segment is expected to dominate in the target market over the forecast period.
Among the application segments, the transportation segment is expected to contribute significant revenue shares in the target market over the forecast period.
Global High-Performance Nylon Market: Region
The market in North America is expected to dominate the global market and is expected to continue its dominance of the forecast period. This can be attributed to increasing demand from medical device manufacturers, and the presence of major players operating in the countries in this region. In addition, growing merger and acquisition activities between regional and international players are expected to further support the growth of the market in this region.
The market in the Asia Pacific is expected to witness faster growth, owing to the flourishing electronic sector, increasing demand from automotive manufacturers and the presence of prominent players operating in the emerging economies in this region.
Global High-Performance Nylon Market Segmentation
Segmentation by type
- Nylon 6
- Nylon 66
- Nylon 11
- Nylon 12
Segmentation by application
- Electrical & Electronics
- Chemical & Material
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- BASF SE
- DowDuPont Inc.
- Ube Industries, Ltd.
- Evonik Industries AG
- Kuraray Co., Ltd.
- EMS-Chemie Holding AG
- Mitsui Chemicals, Inc.
- Royal DSM N.V.
- Solvay SA
- Toyobo Co., Ltd.
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