Recycled Nylon Fiber Market Size, Share, Growth, and Industry Analysis, By Type (Chemical Recycling, Mechanical Recycling and Others), By Application (Textile Flooring, Clothing and Accessories and Others), Regional Insights and Forecast to 2031

Updated On: 22 April 2024

Recycled Nylon Fiber Market REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

The global recycled nylon fiber market size was USD 423.12 million in 2022. As per our research, the market is projected to touch USD 690.86 million by 2028, exhibiting a CAGR of 8.51% during the forecast period.  The global COVID-19 pandemic has been unprecedented and staggering, with the recycled nylon fiber market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Recycled nylon fibre is a type of nylon textile created from pre-existing nylon materials such as abandoned clothes, industrial plastic waste, or post-consumer products such as fishing nets. It is also known as eco-friendly nylon or regenerated nylon. Instead of being destroyed or burnt, these nylon materials are collected, cleaned, and processed to make new nylon fibre, minimising the environmental effect of virgin nylon manufacture. Recycled nylon is frequently utilised in sustainable fashion and ecologically friendly items, appealing to environmentally aware consumers looking to decrease their carbon footprint and support circular economy projects.

COVID-19 Impact: COVID-19 Changes in Demand and E-Commerce Growth Up-veiled the Market Growth

Despite the overall slowing of the economy, there was a growing awareness of and attention on sustainability. Many consumers and businesses became more environmentally conscious, sparking demand in eco-friendly items created from recycled resources such as nylon fibres. Some countries enacted stimulus packages and regulations to encourage environmentally friendly enterprises and practises. These measures may have had a positive impact on the recycled nylon fibre industry by providing incentives for companies to invest in sustainable production. With physical shop constraints, e-commerce grew significantly. This shift in customer behaviour altered how products were marketed, sold, and distributed, including recycled nylon fibre items.

LATEST TRENDS

"Advancements in Material Sciences and Integration of Nanotechnology to Grow Market Potentially"

Recycling technology advancements were predicted to continue, making the process of recycling nylon more efficient and cost-effective. This includes advancements in chemical recycling processes that can degrade nylon into its fundamental components for the creation of new fibres. Companies were investing in technologies and procedures that reduce waste during the production of recycled nylon fibers, as there was an increasing emphasis on waste reduction and environmental conservation. This concentrated attention not just on the finished product but also on the entire manufacturing process. Many fashion designers and manufacturers were utilising recycled nylon fibres into their products. Consumer demand for sustainable fashion options, as well as the industry's dedication to decreasing its environmental imprint, fueled this trend.

Recycled Nylon Fiber Market SEGMENTATION

• 

• Request a Free Sample to learn more about this report

• By Type

Based on type the recycled nylon fiber market is classified as chemical recycling, mechanical recycling and others.

• By Application

Based on application the recycled nylon fiber market is classified as textile flooring, clothing and accessories and others.

DRIVING FACTORS

"The Growing Environmental  Awareness  and Consumer Demand Sped Up the Market Growth"

There is an increasing demand for products created from sustainable materials as people become more ecologically conscious. Recycled nylon fibers are an environmentally beneficial solution that meets the needs of environmentally aware consumers. Global awareness of environmental challenges, particularly plastic waste and the impact of synthetic fibres on ecosystems, has increased demand for sustainable alternatives such as recycled nylon fibre. Many businesses, particularly in the fashion and textile industries, have set lofty sustainability goals. Incorporating recycled nylon fibres into their products coincides with these goals, increasing their environmental credibility and achieving customer expectations for environmentally friendly items. Government legislation and policies that promote recycling and environmentally friendly practises encourage enterprises to use recycled materials such as nylon fibre. Incentives, tax breaks, and subsidies are frequently used to steer enterprises towards environmentally friendly options.

"Reduction in Waste and Decreased Carbon Footprint to Raise the Market Share"

Companies were investing in technologies and procedures that reduce waste during the production of recycled nylon fibres, as there was an increasing emphasis on waste reduction and environmental conservation. This concentrated attention not just on the finished product but also on the entire manufacturing process. Using recycled nylon fibres usually consumes less energy than generating virgin nylon, resulting in a lower carbon impact. Companies looking to reduce their greenhouse gas emissions frequently select recycled nylon as an environmentally responsible alternative. Recycling nylon garbage, such as discarded fishing nets and post-consumer products, helps to reduce the quantity of plastic waste that ends up in landfills and the oceans. Waste minimization is a major motivator for the use of recycled nylon fiber.

RESTRAINING FACTORS

"The Limited Awareness and Limited Supply to Restrain the Market Growth"

Recycled Nylon Fiber Market REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"Asia Pacific Region to Dominate the Market with Technological Innovation and Manufacturing Hub"

In terms of revenue, the Asia Pacific region dominated, accounting for the major recycled nylon fiber market share. Due to rising industrialization in developing countries such as India and China, it is likely to be in high demand in the Asia Pacific area. The growing population in these regions is expected to drive market growth throughout the forecast period. Countries in the Asia-Pacific area, particularly Japan, South Korea, and Taiwan, have been pioneers in recycling-related technology breakthroughs. China, as a manufacturing powerhouse, plays an important role in the manufacture of recycled nylon fibres. Furthermore, Southeast Asian countries are increasingly focused on ecological practises, which could drive the regional market for recycled nylon fiber.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures.

List of Market Players Profiled

• Hyosung (South Korea)
• Toray (Japan)
• RadiciGroup (Italy)
• Ascend Performance Materials (U.S.)
• Fulgar (Italy)
• Highsun Holding Group (China)
• Nilit (Israel)
• Formosa Plastics (China)
• Guangdong Xinhui Meida Nylon (China)
• Aquafil (Italy)
• Premiere Fibers (U.S.)
• Unifi (U.S.)
• Zhejiang Taihua New Materials (China).

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study.The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points.The state of the market's components and its potential growth areas over the following years.