[Online Quarterly Update]Global nylon filament yarn demand is projected to grow at a healthy CAGR of 4.32% during the forecast period. Nylon filament yarn is basically a synthetic yarn that is light weight, soft, and has high tensile strength and durability. There are several grades of nylon filament yarn available including flat yarn, textured yarn, partially oriented yarn, fully drawn yarn, and dyed yarns. Flat yarn dominates the global market for nylon filament yarns due to its application in textile products including women wear, scarf, and base fabric. Major applications for nylon filament yarn include textiles, sports apparels, sports and adventure equipment, travel accessories, fishing nets, fabric etc. Major technology licensor for nylon filament yarn include Zimmer AG Germany. Increasing use of nylon filament yarn in the production of textiles including women wear, scarf, sarees etc. coupled with the increasing consumption in automobile fabric and smart fabric is expected to drive the demand of nylon filament yarn during the forecast period. Moreover, increasing preference for biobased raw materials for fabrics and availability of substitutes like polypropylene, para aramid synthetic fibres, polyvinylidene fluoride is expected to hinder the demand growth during the forecast period. Rising demand for high performance fabrics from the automotive and defence sector is going to act as an opportunity during the forecast period.
Owing to the impact of COVID-19, nylon filament yarn demand has declined drastically due to nationwide lockdowns and subsequent disruptions in supply chains. However overall good demand growth has been observed in China from the manufacturing sector due to continuation of production activities after the lockdowns.
Region wise, Asia Pacific region holds the major share of global demand for nylon filament yarn due to growing demand for textiles and high performance fabrics. With the surging capacities in China and increasing initiatives towards fulfilling domestic demand by domestic production, the production capacities in the region are on the rise. Increasing population and per capita income in emerging economies is another factor propelling demand growth for nylon filament yarn in Asia Pacific.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
•To assess the demand-supply scenario of nylon filament yarn which covers production, demand and supply of nylon filament yarn market globally.
•To analyse and forecast the market size of nylon filament yarn .
•To classify and forecast global nylon filament yarn market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global nylon filament yarn market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global nylon filament yarn market.
•To identify and analyse the profile of leading players involved in the manufacturing of nylon filament yarn.
Major players for nylon filament yarn globally include BASF SE, JCT Limited, East Asia Textile Technology Limited, Centuryenka, Toray, Colossustex, Saludyarn, and Others.
To extract data for global nylon filament yarn market, primary research surveys were conducted with nylon filament yarn manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global nylon filament yarn market over the coming years.
ChemAnalyst calculated nylon filament yarn demand globally by analyzing the historical data and demand forecast which was carried out considering imported nylon filament yarn, prices, materials used for production of nylon filament yarn . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• nylon filament yarn manufacturers and other stakeholders
•Organizations, forums and alliances related to nylon filament yarn distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as nylon filament yarn manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global nylon filament yarn market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Which are the major applications of nylon filament yarn?
Ans:
textiles, sports apparels, sports and adventure equipment, travel accessories, fishing nets, fabric are the major applications of nylon filament yarn.
Q2.
Which region holds the maximum demand share in the Global nylon filament yarn market as of 2020?
Ans:
Asia Pacific holds the major demand share of nylon filament yarn due increasing demand of textiles and high-performance fabrics.
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