What is the value of nylon fiber in the global market?

Nylon fibers or polyamide fibers belong to the class of synthetic polymer which has many applications in manufacturing clothes, fishing, packaging, carpet, air filtration, etc. The total global market share of nylon fibers is around USD 30.2 billion.

The global nylon fiber market can be segmented on the following basis:
Based on product: On the basis of product, the global nylon fiber market is segmented into Nylon 6, Nylon 66, Nylon-11, Nylon-12 and others.
Based on application: On the basis of application, the global nylon fiber market is segmented into automobile, electrical and electronics, engineering plastics, textile, and others. Among all these the automotive segment holds the largest share in the global nylon market followed by engineering plastics and textiles. This is mainly because most of the automotive parts are replaced with nylon composites for reducing the weight of automotive components.
Based on geographical region: On the basis of region, the global nylon fiber market is segmented into North America (the United States, Canada Mexico), Europe (Germany, France, U.K., Italy), Asia Pacific (China, India, Japan, South Korea), South America (Brazil, Argentina, Colombia etc.) and Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

Among all these regions the Asia Pacific region dominated the global nylon fiber market share by over 42.95% of the revenue share in 2019 followed by Europe and North America. This is mainly because of the availability of low-cost labor and raw material. And among countries, China holds the largest share of more than 47.75% in 2019. The demand for nylon fibers is increasing in countries like China, Japan, India, and Indonesia due to the growing demand in automotive, textiles, and other industries.

Few of the dominant manufacturers in the global market of nylon fibers are BASF SE; Lanxess AG; Huntsman Corporation; AdvanSix Inc., Invista, Ascend, Solvay, Asahi Kasei, Dupont, Radici Group, etc.