DUBLIN--(BUSINESS WIRE)--The "Global Nylon Resins Market - Segmented by Product Type, Application, End User Industry and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The nylon resins market is expected to register a CAGR of 3.52% during the forecast period, 2018-2023. The market is driven by many factors including, increasing demand from automotive industry and packaging sector.
The Automotive sector is an important market for nylon resins and according to the American Chemistry Council. Light weight vehicles account to around 30% of the nylon resins demand. Consumers are increasing their preference to light weight vehicles in response to low maintenance cost and low fuel consumption. This is resulting in increasing demand for nylon resins, thereby driving the market. In North American countries like United States and Canada, there is an increase in demand for light weight vehicles, forcing the automotive manufacturers to increase plastics, such as nylon in automobiles.
The global nylon resins market is segmented on the basis of product type, application, and end-user industry. Based on product type, nylon 6 is the dominant market because of its lustrous surface finish and high impact strength, which is increasing its usage in the manufacture of films in the packaging sector.
Asia-Pacific is the largest market for nylon resins with a share of approximately 40%, and is expected to grow at a high rate during the forecast period, mainly because of increasing manufacturing capacities. China is the largest market in the Asia-Pacific region. With various government initiatives like, China Manufacturing 2025' is encouraging the use of energy saving automobiles to promote light weight vehicles. This is expected to drive the market in this region. In addition, the Chinese defense sector has started incorporating 3D printing technologies in manufacturing interior products which require plastics.
- BASF SE
- AAA Plastics
- Ag Polymers
- AMETEK Westchester Plastics
- Aquafil USA Inc
- Arc Resin Corporation
- Asahi Kasei Corp
- Ascend Performance Materials LLC
- DSM Company
- Nilit America Corp
- Polymer Technology & Services LLC
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/v5f9pv/global_nylon?w=4