Nylon 6 Super Tough Nylon Market - Forecast(2023 - 2028)

Nylon 6 Super Tough Nylon Market Overview

Global Nylon 6 Super Tough Nylon Market size is forecast to reach US$13.1 billion by 2027, after growing at a CAGR of 5.8% during the forecast period 2022-2027. Super tough nylon is an impact modified crystalline thermoplastic polyamide resin. Nylon 6 super tough nylon has a nature of high toughness and high mechanical strength, as well as anti-friction or oil resistance, which is generally approved. Especially when under moisture, the hi-impact strength is extremely high. Super tough nylon 6 & 66 are both synthetic polymers called polyamides, with the numbers describing the type and quantity of polymer chains in their chemical structure. Most nylons, including 6 & 66, are semi-crystalline and possess good strength and durability for demanding applications. Super tough nylon 6 is also known as polycaprolactam. The development in the automotive and electrical sector is mainly driving the market growth. For instance, in June 2021, the U.S government passed the fund to United States Innovation and Competition Act (USICA), broad competitiveness legislation that includes US$52 billion to bolster domestic electrical manufacturing.

Covid-19 Impact

The COVID-19 outbreak has disrupted nearly every industry and the market is no exception to it. The market was contracted in 2020 and is repairing to get stabilized by 2022 and further. The Middle East & Africa is anticipated to be the worst hit as economic conditions worsen. Developed regions such as Europe and North America experienced significant losses in the business in 2020. In the worst-case scenario, the Nylon 6 super tough nylon sales for automotive witnessed a steep drop due to the impending economic recession and business loss in 2020.

Report Coverage

The report: “Nylon 6 Super Tough Nylon Market Report– Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global Nylon 6 Super Tough Nylon Industry.

By Type: Super Tough Nylon 6 and Super Tough Nylon 66
By End-Use: Automotive (Engine Air Intake, Body Structural Parts, Bushings and Bearings, Gears and Sprockets, and Others), Electrical (EV Charging Connectors, Miniature Circuit Breakers, Power Distribution Low Voltage Switchgear, Power Distribution, and Others), Food and Beverages (Food Processing Components, and Others), Consumer Goods (Skibinding Fixations, Chainsaw Housings, Tents, and Others), Sports and Leisure (Wear Pads, Guitar Strings, Tennis Racket Strings, Fishing Line), Medical (Medical Implants, and Others), and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and Rest of the world (Middle East and Africa)

Key Takeaways

• APAC region dominates the global nylon 6 super tough nylon Market owing to a rapid increase in the automotive and electrical industry.
• The wide use of nylon 6 super tough nylon in the electrical sector is one of the major driving factors.
• The rise in the electric vehicle along with EV infrastructure is boosting the market growth.
• The availability of alternatives is hampering the nylon 6 super tough nylon market growth.

Figure: Nylon 6 Super Tough Nylon Market Revenue, 2021-2027 (US$ Billion)

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Nylon 6 Super Tough Nylon Market Segment Analysis - By Type

Super Tough Nylon 6 segments accounted for approximately 65% of the market share in 2021 and are estimated to grow at a 6.5% CAGR during the forecast period. Nylon 6 are used if a lightweight engineering plastic is required to withstand high impact and stress. It has a better aesthetic appearance than Nylon 66 due to its lustrous finish and is easier to dye. It is an ideal choice for applications in automotive, electrical, and others. Common applications include gears, firearm components, and automotive engine compartments. Therefore, the development in the end-use industries like automotive, electrical, and others are boosting the segmental growth. For instance, the Government of India estimated that the automotive industry is to reach around US$10 million in local and foreign investment by 2023. 

Nylon 6 Super Tough Nylon Market Segment Analysis - By Application

The automotive segment accounted for approximately 25% of the market share in 2021 and is estimated to grow at a 5.5% CAGR during the forecast period. Nylon 6 super tough nylon is highly used in the automotive sector as it allows for lightweight up to 40% lighter and cost-effective solutions as compared to metal. Nylon 6 super tough nylon allows for reliable solutions due to its higher heat aging resistance and its better welding strength. Besides, its grades allow for additional cost-effectiveness due to a 25% cycle time advantage as compared to standard grades. Thus, the government initiatives and development of the automotive sector positively impact the growth of the global nylon 6 super tough nylon market. For instance, in 2018, the Ivoirian government passed a law limiting the importation of private-use vehicles over five years old and mini-buses over seven years old. As a result, statistics from the Automotive Trade Professionals Association show new car sales increased 18% from May 2020 to May 2021 and on the other hand, India has seen a sharp rise of 14.19% in Passenger vehicles in 2020. Such edges and growth have escalated the demand growth of the global nylon 6 super tough nylon market.

Nylon 6 Super Tough Nylon Market Segment Analysis - By Geography

Asia Pacific had accounted for the largest share of 42% in 2021 and is estimated to grow with a CAGR of 7.2% for the Global Nylon 6 Super Tough Nylon Market during the forecast period 2022-2027, followed by Asia-Pacific and Europe. The region has a reputation as being inland to certain of the world's most esteemed vehicle manufacturers like Toyota, Honda, Hyundai, Kia, Tata, and others with a production of 44.2 million in 2020, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA). China is the largest automotive producer with 25.2million production in 2020. As with the growing scale of the automotive industry in the APAC region, the global nylon 6 super tough nylon demands increased day by day. With the rapid developments and the growing demands in the automotive sector the global nylon 6 super tough nylon market is expected to escalate during the forecast period

Nylon 6 Super Tough Nylon Market Drivers

Rapid growth and Demand in Electrical Sector

Nylon 6 super tough nylon allows for reliable solutions due to good electrical and mechanical properties especially impact resistance at low & high temperatures, and arc resistance values. It also allows for appealing designs due to good surface aesthetics and for colorful designs due to good colorability with masterbatches. It enables reliable solutions due to excellent short-circuit properties, including residual dielectric strength and thermo-mechanical endurance compared to conventional materials. Thus, the growth in the electrical sector is positively raising the growth rate of the nylon 6 super tough nylon market. For instance, according to IPC Economic outlook December 2021, the electronics industry, which includes categories such as components, loaded boards, computers, communications equipment, and consumer electronics is being increased by 2.6% in November 2021. The electrical and electronic sector sales have increased by 30.6% as compared to 2019 and 12.8% in 2019-2021. Therefore, the growing electrical manufacturing will increase the demand for nylon 6 super tough nylon during the forecast period. 

Rise in the Electric Vehicles Infrastructure

Nylon 6 super tough nylon is mainly used for components of charging plugs and sockets, charging stations, and wall boxes in garages and carports as well as for components in inductive, wireless charging systems for high-voltage batteries. Even though the level of standardization in the field of electric mobility is currently still in progress in many areas, nylon 6 super tough nylon has already offered a wide range of possibilities for applications in the area of battery charging with direct or alternating current. As the automotive industry endures to evolve and the increasing environmental factors demand to move toward lower carbon emissions and sustainable solutions, in which electric vehicles (EV) are growing rapidly and fastest-growing markets in recent years. With the rising growth of electric vehicles, nylon 6 super tough nylon is developing a variety of material solutions to extract weight from cars and increase the range of EVs, thereby reducing CO2 emissions. Besides, the nylon 6 super tough nylon is utilized in charging units as well as general infrastructure equipment required nylon 6 super tough nylon to deliver robust and secure settings. Rising demand for EVs is also one of the major factors driving the industrial fasteners market growth. According to the International Energy Agency Organization (IEA), sales of electric cars rose to 2.1 million globally in 2019, surpassing 2018.

Nylon 6 Super Tough Nylon Market Challenges

The Rise of Alternatives May Hinder the Market Growth

The nylon 6 super tough nylon market is primarily hindered by the emergence of alternatives such as recycled polyester, high-modulus thermoplastics, and others. Besides, fluctuation in the Automobile’s sales growth graph, for instance, the worldwide passenger vehicles have seen a strip downfall of 14% in 2020 compared to 2019 and along with those unstable economies may hamper the overall growth. Besides, fasteners require holes, which weaken the components, leave visible bond lines and add extra weight. Although, the growing availability of nylon 6 super tough nylon will neutralize and build new avenues in the global industry.

Nylon 6 Super Tough Nylon Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Global Nylon 6 Super Tough Nylon Market. Global Nylon 6 Super Tough Nylon Market top 10 companies include:

1. DowDuPont
2. Ensinger
3. Unitika
4. Toray
5. Mitsubishi
6. Jiemingrui
7. Hanbang
8. Sigma-Aldrich
9. Steel Express

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