Nylon 6 Filament Yarn Market Size, Share & Trends Analysis Report By Application (Sports Apparels, Fabric, Sports & Adventure Equipment, Travel Accessories, Fishing Nets), And Segment Forecasts, 2018 - 2025

Industry Outlook

The global nylon 6 filament yarn market size is expected to reach USD 17.19 billion in 2016. It is expected to rise at a CAGR of 7.7% from 2017 to 2025. Nylon fibers are known to be lightweight and soft and have high tensile strength and durability. Nylon is gaining attention of apparel manufacturers owing to its outstanding tensile strength, scrub resistance, and high elasticity, which makes it an ideal product for the textile industry. The product’s excellent properties such as lightweight, high strength, and smoothness are promoting its application in knitted fabrics and hosiery.

Nylon possesses excellent stability, which allows nylon based fabrics to regain their appearance and shape after washing. Expanding application scope of the product in sports apparels and fishing nets emerged is one of the key trends supplementing market growth. Technological developments in polymer modification and customization are enabling nylon producers to provide customized products, which is estimated to stoke the growth of the market. With the flourishing growth of key end-use industries, the market is anticipated to tread along a healthy growth track.

Surging demand for commercial as well as technical textiles is further projected to play a pivotal role in the growth of the market. In the U.S., sports apparels are poised to emerge as the largest as well as fastest-growing application segment over the forecast period.

Rapid commercialization of sports apparels and equipment and soaring need for durable equipment are stoking the growth of the market. However, volatile prices of raw materials and stiff competition from cheaper substitutes are likely to affect the demand for the product over the forecast period.

There have been no significant technological advancements in the manufacturing process in the recent past. However, the process undergoes constant evolution, enabling manufacturers to improve efficiency and profitability. A majority of producers in the polyamide market develop their proprietary technology. Technological developments have been primarily focused on process advancements and cost reduction by avoiding the lactam wash extraction step.

Application Insights

As compared to other synthetic fibers, nylon facilitates high resistance to abrasion and flexing. Thin, light, and flexible woven or knitted types of fabrics can be manufactured from nylon. Furthermore, its ease of dyeing makes it suitable for use in materials for clothing.

Demand for fabrics is witnessing upsurge, primarily owing to urban demographic growth and rising disposable income of consumers. Fabrics manufactured using nylon have high tensile strength and dimensional stability and exhibit nearly half the shrinkage when exposed to steam as compared to natural fabrics. Their high water resistance property also makes them suitable for use in swimwear.

Fishing nets are a promising application segment for nylon manufacturers. Resistance of nylon fabrics to knotting, which enhances their strength and durability, is a crucial factor that makes them a preferred material for fishing nets.

Furthermore, they are lighter and absorb less water as compared to other materials, which makes them suitable for deep water fishing. Rising preference for replacing metal components with nylon 6 products in crankcases and oil containers, owing to their characteristics such as high tensile strength, elasticity, and excellent resistance to abrasion, is expected to boost their demand in the coming years.

Regional Insights

Asia Pacific is estimated to emerge as the largest as well as the fastest growing regional market in terms of revenue over the forecast period. Infrastructural development and improving socioeconomic structure are the key factors contributing to the growth of the APAC nylon 6 filament yarn market.

Favorable regulations, easy availability of labor, and various initiatives taken by governments are encouraging key players to shift their manufacturing units to developing countries such as India, Indonesia, and China. Abundant availability of raw materials and rapidly growing population in these countries are fueling the demand for nylon 6 filament yarn as a key material for manufacturing fabrics.

North America is slated to emerge as the second fastest-growing regional market over the forecast period. Rising demand for technical textiles and increase in the number of foreign manufacturers setting up their production base in this region are estimated to play an instrumental role in the development of the regional market.

Nylon 6 Filament Yarn Market Share Insights

The market is highly competitive as companies strive to offer better-finished products at competitive prices. Companies are investing significantly in research & development activities to introduce new integrated products in the market. Widening application base has motivated industry participants to develop durable products using their in-house technological advancements.

Supplier power is low on account of easy availability of raw materials. Raw material suppliers are also facing oversupply, which has led to a drastic reduction in prices. This, along with increasing importance given to nylon in various end-use applications, has forced raw material suppliers to opt for forward integration.

Government regulations and environmental organizations regulate product content and other specifications. Increasing number of product launches is placing more power in the hands of buyers. Low cost of switching due to the presence of a large number of suppliers has also increased the bargaining power of buyers.

Report Scope

Segments covered in the report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global nylon 6 filament yarn market report on the basis of application and region:

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Sports Apparels

  • Sports & Adventure Equipment

  • Travel Accessories

  • Fabric

  • Fishing Nets

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • The U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

  • Middle East & Africa