Bizizz Market Research has recently published a research report, “Nylon films Market By, Product (Nylon 6 and Nylon 66), Application (Automobile, Electrical & Electronics, Engineering Plastics, Textile and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Nylon films Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 28.51 Bn by 2027, witnessing a CAGR of 6.5 % during the forecast period. Key drivers of the market are increased adoption rate in the end-user industries coupled with its high performance nature.
Growth of nylon films is accelerated by huge application of nylon in different industries including automobile and others. Nylon 6 and Nylon 66 are slowly substituting metal parts in automobiles, by its higher tensile strength, high elasticity, and higher abrasion resistance. Such factors are anticipated to augment the growth of nylon films market growth. Nylon 6 is applied in engine components including bushings, oil containers, bearing; wire harness connectors, cylinder head covers, crankcases, fuse boxes, and timing belts. The advantages offered by Nylon films are anticipated to boost the growth of market during forecast period.
The Nylon films market is anticipated to register a CAGR of over 6.5% during the forecast period.
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By Application, Automobile Industry is expected to witness high demand during forecast period (2019-2027)
The nylon films are rapidly used in hood parts in automobile vehicles. Nylon films cater to different advantages including temperature and chemical resistance substantially boosting the demand of nylon films in automobile market. Nylon 6 has already substituted to metal being applied in automobile sector. As Nylon 6 had different advantages including chemical and mechanical properties, moldability, ease of secondary processing. These advantages offers by nylon 6 stimulate its application in automobile industry.
North America is Anticipated to Dominate the Global Nylon films Market during the Forecast Period.
The Asia pacific region is having one-third of the global market consumption, the nylon films market in East Asia region shall attract considerable capital investment from manufacturers. Asia is leading the regional market, growth shall be shaped by the increasing popularity for the convenience goods, and stimulated chemical industry. While sales opportunities are also lucrative in the developed countries of Europe and North America, increasing adoption rate of nylon films in South Asia would plunge at a rapid CAGR, that promote leading manufacturers to tap market of Asia Pacific region and concentrate on their expansion strategy.
Global Nylon films market was moderately consolidated with key players accounting for significant share in 2018. The manufacturers are competing in the global market by expansion strategies including collaboration and partnerships.
Prominent players operating in the Global Nylon films Market are: BASF, Toyobo, Solvay Rhodia, Ascend, Hyosung, Toray, Hyosung Corporation, Kolon, HMT, Dupont, Joyson, Safety Systems, Unitika Ltd, Winpak, Kolon Industries, and Honeywell International LLC., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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