Global Nylon 66 Market Trends, Applications, Analysis, Growth, and Forecast to 2026

MarketResearch.biz delivers in-depth insights on the global nylon 66 market in its upcoming report titled, “Global Nylon 66 Market Trends, Applications, Analysis, Growth, and Forecast to 2026”. The global nylon 66 market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017 to 2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global nylon 66 market has been segmented on the basis of grade, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Nylon 66 is synthetic polymer called polyamide with numbers describing type and quantity of polymer chains in their chemical structure. Synthesis of hexamethylenediamine and adipic acid by poly-condensation yields nylon 66. Nylon 66 exhibits greater mold shrinkage and is popular owing to its durability, ductility, high strength, and resistance to high temperatures. In addition, good appearance, high resistance to chemicals, processing flexibility, and toughness further makse nylon 66 suitable for various engineering applications such as production of engineering thermoplastic compounds, and fiber yarns.

Increasing adoption of nylon 66 in automotive sector, owing to its weight savings which leads to reduction of emissions and applicability of nylon 66 near supercharged IC engines are major factors driving growth of the target market. In addition, mechanical properties of nylon 66 such as good wear resistance, high stiffness-to-strength ratio, and good weld ability makes nylon 66 – a preferred choice for automotive applications, which is another factor fueling growth of the global nylon 66 market and is likely to continue its dominance in the market during the forecast period. In addition, rising demand for nylon 66 in various end user industries such as consumer goods, and electronics & electrical is another factor projected to boost growth of the global market in the near future.

However, disadvantages associated with nylon 66 such as high shrinkage in molded sections, environmental concerns related to use of nylon 66, lack of stability, and high energy consumption are factors hampering growth of the target market.

A major and rising trend in global market is increasing adoption of nylon 66 as a raw material in automotive sector. This trend is expected to continue over the forecast period and in turn boost market growth.

Currently, market in North America accounts for highest market share in the global nylon 66 market in terms of revenue followed by Asia Pacific and Europe. This can be attributed to presence of leading manufacturers of Nylon 66 and increase in demand for lightweight and high-temperature-resistant engineering plastics for use in automotive and electronics applications. The markets in Europe and Asia Pacific are also expected to witness moderate growth over the forecast period. Also the market in North America is expected to register a CAGR of X.X% during the forecast period. The markets in Latin America and Middle East and Africa are projected to expand at a sluggish pace in the near future.

Global nylon 66 market

By grade:

• Fiber Grade
• Resin Grade

By application:

• Textiles
• Industrial/Machinery
• Carpets
• Automotive
• Consumer Goods & Appliances
• Electrical & Electronics
• Packaging
• Films & Coatings
• Others (Wires and Cables)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa