nylon market trends Projected to Gain Significant Value through 2022-2030 - MRFR Study
nylon market trends Synopsis The global nylon market is projected to witness significant growth during the review period, exhibiting a CAGR of 5.47%. The market is expected to reach a value of USD 45,140.1 million by the end of the forecast period (2022–2030). In terms of volume, the market size was 8,541.3 kilotons in 2021 and is projected to reach 12,268.1 kilotons by the end of 2030 exhibiting a CAGR of 4.35%. The prime drivers of the nylon market trends 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. Another 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 t...