The Asia Pacific Nylon Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 3,791.7 Kilo Tonnes, showcasing a growth of 5.6% (2019-2022).
It is a material in synthetic polymers that has revolutionized numerous industries since its inception. Its versatile properties, ranging from strength and durability to flexibility and resilience, have propelled it to the forefront of modern manufacturing and consumer goods. As the region delves into the intricate landscape of the market, companies uncover a tapestry woven with innovation, technological advancements, and evolving consumer demands. Furthermore, the textile industry is one of the primary beneficiaries of its remarkable properties. From fashionable apparel to functional sportswear, these fibres have become synonymous with comfort, durability, and style.
The introduction of this facilitated the creation of groundbreaking textiles, including combinations of nylon and spandex that provide improved stretchability and moisture-wicking properties to accommodate the ever-changing demands of contemporary consumers. This is pivotal in enhancing vehicle performance and safety in the automotive sector. From lightweight engine components to robust airbag systems, it’s inherent strength-to-weight ratio and impact resistance make it an indispensable material for automotive manufacturers seeking to optimize fuel efficiency and passenger protection.
The expanding textile industry in India drives the demand for its fibres, widely used in producing fabrics for apparel, home textiles, technical textiles, and industrial applications. As per the National Investment Promotion & Facilitation Agency, India ranks fifth globally in technical textile production, and its market is valued at approximately $22 billion. It is anticipated to reach $300 billion by 2047. India is set to achieve $250 Bn textiles production and $100 Bn exports by 2030. India’s domestic apparel & textile industry contributed 2% of the country’s GDP and 7% of industry output in value terms. India contributes 4% to the worldwide textiles and apparel commerce. The share of textiles and apparel in India’s export basket was 10.33% during 2021-22. The growth of the textile industry in India has led to the diversification of textile products, including synthetic fibres and blends. Hence, the textile industry’s expansion is propelling the market’s growth.
The China market dominated the Asia Pacific Nylon Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,223 million by 2030. The Japan market is registering a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.1% during (2023 - 2030).
Free Valuable Insights: The Global Nylon Market is Predict to reach $ 50.2 Billion by 2030, at a CAGR of 6.1%
Based on Material, the market is segmented into Nylon 6, and Nylon 66. Based on Application, the market is segmented into Automobile, Electrical & Electronics, Engineering Plastics, Textile, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Material (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)
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