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NYLON 6 FILAMENT YARN MARKET REPORT OVERVIEW
The global nylon 6 filament yarn market size was USD 16200 million in 2020 and the market is projected to touch USD 22530 million by 2027 at a CAGR of 4.4% during the forecast period.
Synthetic fibers made from polyamide are used to make fabrics. It is strong and can be stretched without breaking, making it ideal for use in garments such as stockings, tights and tights.
Nylon fibers are known to be light and soft and have high tensile strength and durability. Nylon attracts the attention of clothing manufacturers due to its excellent tensile strength, abrasion resistance and high flexibility, making it an ideal product for the textile industry. The excellent properties of the product, such as lightness, strength and smoothness, favor its use in knitwear and hosiery.
COVID-19 Impact: Market Growth Increased by Pandemic due to Rising Demand From Industry
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The demand for face shields and nylon has seen a sharp increase following the COVID-19 pandemic, which is said to benefit the textile industry. Most textile companies experienced a strong recovery in the third quarter of 2021, which is expected to continue into the first quarter of March as domestic demand gradually recovers. Nylon fabric is used in many textile products, including headwear, swimwear, sneakers, ponchos, bridal veils, puffer jackets, backpacks and wedding dresses. This, along with the expansion of the textile industry, is projected to increase the demand for nylon fabrics.
LATEST TRENDS
"Growing Demand For Durable And Eco-Friendly Materials And Increasing Adoption In Various End-Use Industries Leafing Market Expansion"
Some of the emerging trends in the global nylon 6 filament yarn market include growing demand for durable and eco-friendly materials and increasing adoption in various end-use industries such as textile, automotive, and electronics. Manufacturers are focusing on the development of bio-based nylon 6 filament yarns to meet the growing demand for environmentally friendly products. In addition, the market has advanced manufacturing technologies resulting in better yarn finishes and properties. Increasing investment in R&D is expected to further boost nylon 6 filament yarn market growth as companies strive to meet changing customer preferences and demands.
NYLON 6 FILAMENT YARN MARKET SEGMENTATION
By Type
Based on type the global market can be categorized into Flat, POY, FDY, HSO.
- Flat: Flat is a type of yarn made by carding or combing to distribute the fibers evenly throughout the yarn. The most common flat types are ring spun, drawn and cross spun.
- POY: Polyolefin (POY) is a polymer with the chemical formula C-10-30. It has a semi-crystalline structure and is made from olefins by polymerization. Polyolefin yarns are soft, light and strong, which makes them used in various applications such as home decoration, industrial fabrics, clothing and accessories.
- FDY: FDY stands for fully drawn yarn and is a type of nylon filament yarn. To make this type of thread, polyamide fibers are stretched to their maximum length and then wound onto a spool. Known for its strength and durability, FDY is a popular choice for clothing, umbrellas, bags and fishing nets. FDY is also often used in the manufacture of auto parts, filters and other industrial products. The growth is accelerated by the increase in demand in the clothing and outdoor equipment industry and the development of production technologies.
- HSO: HSO stands for High Stretch Orientation and is a type of nylon filament yarn. To make this type of yarn, polyamide fibers are stretched more than FDY yarns. The extra stretch in the fibers adds strength and flexibility, making HSO an ideal choice for a variety of applications such as clothing, umbrellas, bags and fishing nets. HSO is also commonly used in the manufacture of car parts and filters.
By Application
Based on application the global market can be categorized into Sports Apparels, Sports & Adventure Equipment, Travel Accessories, Fabric, Fishing Nets, Others.
- Sports Apparels: Nylon 6 filament yarn can be used in many fields. In the sports industry, it is used in sportswear and sports and adventure equipment due to its durability and flexibility.
- Travel Accessories: It is also used in travel accessories due to its durability.
- Fabric: In the fabric industry, nylon 6 filament yarn is popular for its strength and flexibility.
- Fishing nets: In addition, due to its excellent tensile strength and abrasion resistance, it is often used in the manufacture of fishing nets.
DRIVING FACTORS
"Growing Demand In Both Commercial And Textile Applications Propel Market Growth"
Rising demand in both commercial and textile applications is a major factor fueling the nylon 6 filament yarn market growth. This increase in demand for the is supported by many compelling factors. Nylon 6 filament yarn plays a key role in the textile industry and is valued for its exceptional strength, durability and resilience. It is the first choice for knitting and crocheting fabrics, covering a wide range of clothing from sportswear and underwear to stockings. As the textile industry continues to evolve in line with changing fashion trends and increased consumer expectations, the demand for nylon6 filament yarn as a critical raw material is increasing.
"Growing Demand For Lightweight, High-Performance Materials In The Automotive Industry Fuel Market Growth"
Growing demand for lightweight, high-performance materials in the automotive industry is playing a key role in the growth of the nylon 6filament yarn market. This increase in demand is primarily driven by the automotive industry and's relentless efforts to improve fuel efficiency and reduce emissions. Known for its exceptionally lightweight properties, nylon 6filament yarn has become a popular choice for manufacturers looking to eliminate vehicle wear. Fuel efficiency is a top priority for car manufacturers as they strive to meet strict emission standards and reduce the environmental impact of their vehicles. Lightweight materials such as nylon 6 filament yarn contribute significantly to this effort. Additionally, its impressive tensile strength and durability make it an attractive choice for reinforcing various automotive components, including belts, hoses and airbags, improving both performance and vehicle safety.
RESTRAINING FACTORS
"Limited Durability and Longevity to Potentially Impede Market Growth"
Nylon is made from caprolactam, which is derived from petroleum. Monomers, adipic acid and hexamethylenediamine are often used to make synthetic polyamides. PA 6 12 resins are made by combining hexamethylenediamine and dodecanoic acid, while PA 610 resins are made by combining hexamethylenediamine and sebacic acid. Over the past five years, oil and natural gas prices have fluctuated constantly, which has affected nylon production costs.
NYLON 6 FILAMENT YARN MARKET REGIONAL INSIGHTS
"The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa."
Asia Pacific Region Dominating the Market due to Due to the Expanding Textile Industry And Increasing Demand For Garments And Accessories
Asia Pacific dominated the nylon 6 filament yarn market share in terms of revenue in 2022. In terms of revenue, Asia Pacific dominated the nil 6 filament yarn market. Due to the expanding textile industry and increasing demand for garments and accessories, nylon 6 filament yarn is in high demand in this industry. The region is home to some of the world's largest textile and apparel industries, including Bangladesh, China and India. The high production capacity and cheap production methods of these countries also contribute to the increase in demand for nylon 6 filament yarn. The region also has a significant consumer base in the automotive and industrial sectors, where nylon 6 filament yarn is used in a wide variety of items such as tire cords, airbags and seat belts. The region and market is expected to grow due to the increasing demand for these applications.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The nylon 6 filament yarn market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.
List of Market Players Profiled
- Superfil Products Limited (India)
- Royal DSM N.V. (Netherlands)
- Formosa Chemicals and Fibre Corporation (FCFC) (Taiwan)
- AdvanSix Inc. (U.S.)
- DuPont (U.S.)
- Nurel S.A. (Spain)
- JCT Limited (India)
- SRF Limited (India)
- William Barnet & Son, LLC (U.S.)
- Aquafil (Italy)
INDUSTRIAL DEVELOPMENT
October 2020: DSM has completed the acquisition of the specialty nylon business of Swiss chemical company Clariant AG. The purpose of the acquisition was to strengthen DSM's position in the nylon 6 filament yarn market and expand its product range.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 16200 Million in 2020 |
Market Size Value By |
US$ 22530 Million by 2027 |
Growth Rate |
CAGR of 4.4% from 2020 to 2027 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the nylon 6 filament yarn market expected to touch by 2027?
The global nylon 6 filament yarn market is expected to reach USD 22530 million by 2027.
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What CAGR is the nylon 6 filament yarn market expected to exhibit by 2027?
The nylon 6 filament yarn market is expected to exhibit a CAGR of 4.4% by 2027.
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Which are the driving factors of the nylon 6 filament yarn market?
Increa Growing demand in both commercial and textile applications, and growing demand for lightweight, high-performance materials in the automotive industry are some of the driving factors of the market.
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What are the key nylon 6 filament yarn market segments?
The key market segmentation that you should be aware of, which include, Based on type the nylon 6 filament yarn market is classified as Flat, POY, FDY, HSO. Based on application the nylon 6 filament yarn market is classified as Sports Apparels, Sports & Adventure Equipment, Travel Accessories, Fabric, Fishing Nets, Others.