Nylon Textile Filaments Market Expected to Reach USD 25.64 billion By 2027
Market Summary: The Nylon Textile Filaments market is projected to grow at a 4.7% annual rate from 2020, reaching USD 25.64 billion by 2027. Nylon, a synthetic polymer within the polyamide family, is known for its silk-textured thermoplastic properties, allowing for the production of fibers, films, and filaments.
Nylon Textile Filaments, synthetic fibers with customizable chemical compositions and structures, exhibit exceptional tensile strength and extended lengths. The Asia Pacific region is expected to maintain its market dominance, growing at the highest rate of 5.5%, driven by increased production in nylon fiber-based sports apparel and consumer goods.
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Market Drivers:
- Increasing demand for nylon textile filaments in commercial and household products.
- Sustained expansion in industries like sports apparel, home textiles, and consumer goods.
- Growing use in specialty apparel, intimate lingerie, and the production of durable consumer and military products.
Market Restraints:
- Rising popularity of lower-priced polyester materials poses a challenge.
Market Opportunities:
- Increasing demand for sustainable and high-performance materials.
- Growing emphasis on environmentally responsible solutions.
- Opportunities in automotive, construction, and novel textile products.
Market Challenge:
- Intense competition from alternative materials like polyester and polypropylene.
Key Report Coverage:
- Global Nylon Textile Filaments Market statistics from 2017-2027.
- Market size estimation with historical and forecasted trend analysis.
- Analysis of alternative types and their individual market shares.
- Regulatory framework for each region.
- Upcoming research and application outlook.
- Ongoing developments, demand and supply GAP analysis.
- Competitive pricing strategies, market share analysis, and key player recommendations.
Salient Trends of the Nylon Textile Filaments Market:
- Robust and elastic nylon textile filaments with high durability and abrasion resistance.
- Versatile use in sports wears, backpacks, and various end-use products.
- Growing demand for sustainable materials and environmentally responsible solutions.
Regional Highlights:
- Asia Pacific expected to achieve the fastest growth rate (5.5%) by 2027.
- Europe, with a market share of 12.4% in 2019, forecasted to grow substantially.
- North America witnessing consistent growth due to increasing nylon-based applications.
Key Companies Profiled: DuPont de Nemours, Inc., BASF SE, Li Peng Enterprise Co. Ltd., Koninklijke DSM N.V., Nylstar SA, Evonik Industries AG, Ascend Performance Materials, Reliance Industries Limited, Zig Sheng Industrial Co., Ltd., Universal Fibers, among others.
Market-O-Nomics:
- Global Nylon Textile Filaments Market valuation: USD 17.62 Billion in 2019, forecasted to reach USD 25.64 Billion by 2027.
- Sports Industries sub-segment had the highest market share in 2018.
- Nylon 6,6 sub-segment expected to have a higher growth rate of 5.7%.
- Partially Oriented Yarn (POY) forecasted to grow at a rate of 5.5% by 2027.
- Multifilament Yarns growing at a CAGR of 6.1%, expected to reach a significant market share by 2027.
Segments Covered in the Report:
- Type: Nylon 6, Nylon 6,6, Others
- Type of Filament Yarns: Flat Yarn, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), Drawn Textured Yarn (DTY), High Speed Yarn (HSY), Others
- Form: Monofilament, Multifilament
- End-Use Verticals: Sports Industries, Travel Accessories, Fashion Fabrics, Specialty Fabrics, Others
- Regional Outlook: North America, Europe, Asia Pacific, MEA, Latin America
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