The global nylon market has been estimated to register a significant growth on account of increasing demand of light weight fuel efficient vehicles. The primary factors driving growth of the market are the rising use of the light weight vehicles, growing demand for light weight, heat resistant and durable material in numerous industrial applications, and ever increasing demand of the product from textile industry.
The global automotive market is estimated to grow at higher CAGR to mark over USD 90 billion revenue in 2017. The production and use of light weight cars and other automotive, as projected by Morgan Stanley analysts, is set to rise to 2.9 percent of 99 million new vehicles in 2020 and to 9.4 percent of 102 million new vehicles in 2025, from 1.1 percent of 86.5 million this year. This is anticipated to fuel demand of the nylon in manufacturing light yet durable parts
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1068
The market report on nylon has been studied on the basis of type and application. These two segments have data that are backed by charts, graphs, several other scientific approaches that will help in devising strategies.
By types, the global report on the nylon market has been segmented into Nylon 6,12; Nylon 6,6; Nylon 6; Nylon 4,6; and Nylon 12. The nylon 6,6 segment is witnessing notable traction from end user industries.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/nylon-market-1068
Asahi Kasei Corporation, BASF SE, Evonik Industries AG, Honeywell International, Inc., UBE Industries Limited, Invista S.A.R.L. (Koch Industries, Inc.), E.I. Dupont De Nemours & Company, Formosa Plastics Corp., Solvay SA, Lanxess AG, Royal DSM NV, Quadrant AG, Huntsman Corporation, Saudi Basic Industries Corp, and Arkema SA., are some of the prominent names who are involved in aggressive methods to ensure their own strategic position and boost the market outcome
Asia Pacific would take charge of the global nylon market and the regional automotive and textile industries would bolster this growth. In addition, the rising disposable income in the region can support the market by backing the expansion of end user industries.
In June 2020, Invista announced that it had started the construction of a plant in Shanghai that will boost its nylon production by adding 400,000 tons per year. The company declared that it had already invested more than USD1 billion for the adiponitrile (ADN) plant at the Shanghai Chemical Industry Park (SCIP) that will help the company in meeting the rising demand for the product.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future