nylon market size Research on Present State & Future Growth Prospects to 2030
nylon market size Synopsis The prime drivers of the global nylon market include the growing automotive industry. The use of polyamides in components such as air intake manifolds, rocker covers, radiator end tanks, fuel rails, and electrical connectors is increasing. The demand for polyamides in automotive manufacturing can be attributed to their lightweight and high strength properties. Other key driver of the global market is the use of nylon in textile, consumer good, and sports applications. However, the availability of low-cost and similar functioning substitutes in the market is expected to hamper the market growth. Competitive Landscape The market is moving towards consolidation on account of the presence of a large number of global and regional players. Major players have strong distribution networks and product brands in the global market. The ongoing research & development activities in the market exhibit growth and expansion opportunities for market players, which, i...