The North America Nylon Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,096.7 Kilo Tonnes, showcasing a growth of 4.7% (2019-2022).
The market refers to the industry involved in producing, distributing, and consuming nylon-based materials and products. This is a synthetic polymer with exceptional strength, durability, and versatility. It is a widely used material in various sectors, including textiles, automotive, electronics, consumer goods, industrial applications, and packaging. The market encompasses the entire value chain, from producing raw materials and polymer resins to manufacturing finished products and end-user applications. Key players in the market include chemical manufacturers, polymer producers, compounders, textile mills, converters, distributors, retailers, and end-users across diverse industries.
The market stands at the intersection of innovation, versatility, and durability, driving advancements across many industries. This, a synthetic polymer renowned for its strength and adaptability, has emerged as a cornerstone material in modern manufacturing, reshaping the landscape of textiles, automotive components, consumer goods, and industrial applications. It can withstand heavy loads, abrasion, and harsh environmental conditions, contributing to its widespread use in engineering plastics and structural components.
Mexico has become a prominent manufacturing centre for the automotive industry, which translates into its higher demand. According to the International Trade Administration (ITA), Mexico is the world’s seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. 88% of vehicles produced in Mexico are exported. Additionally, the production of EVs and hybrids totalled 51,065 units in 2022; this represented a growth of 8.5 percent compared to 2021. Furthermore, the increasing demand for hybrid and electric vehicles in Mexico significantly impacts the market. As Mexico solidifies its position as a key player in the automotive supply chain, the demand for lightweight, durable, and innovative solutions will continue growing, presenting opportunities for expansion and innovation within the market. Therefore, the expansion of the aerospace industry and growing construction are propelling the growth of the market.
The US market dominated the North America Nylon Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,294.8 million by 2030. The Canada market is experiencing a CAGR of 7.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.7% during (2023 - 2030).
Free Valuable Insights: The Nylon Market is Predict to reach USD 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 U.S., Mexico, Canada, and Rest of North America.
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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