Market Summary of Nylon Partially Oriented Yarns Market:
The Nylon Partially Oriented Yarns Market is anticipated to grow at a rate of 4.6% in terms of value, reaching USD 25.44 billion by 2027, exhibiting substantial expansion from 2019. Nylon, categorized under aliphatic or semi-aromatic synthetic polymers known as polyamides, is a synthetic thermoplastic material with a silk-like texture, transformable into fibers and films.
Nylon Partially Oriented Yarn, commonly referred to as Nylon POY or pre-oriented yarn, is the primary form of nylon yarn. Directly spun from nylon chips, it is extensively used for texturizing and crafting textured yarns, including Polyester Drawn Textured Yarn (DTY). POY’s versatility is evident in applications such as warp knitting, weaving, twisting, dyeing, and more. With various cross-sections available, POY stands out for its resistance to fading in sunlight and soap washing, along with high abrasion resistance and crease recovery.
The global market for Nylon Partially Oriented Yarns is poised for significant growth due to escalating demand in industrial and commercial applications. Sectors such as apparel, ropes, cordage, home textiles, carpets, tire cords, narrow woven materials, backpacks, swimwear, and trekking wear contribute to sustained demand. The durability, strength, resilience, and lightweight nature of Nylon POY make it highly suitable for heavy-duty applications. While offline retailing dominates the market, online retailing is forecasted to exhibit a higher growth rate. However, the market faces challenges from the growing usage of more cost-effective polyester materials.
The Asia Pacific region is expected to maintain its leading market share by 2027, experiencing the fastest growth rate of 5.4%. The robust growth is attributed to increased demand for nylon fibers in apparel, consumer products, military, and sports applications, especially in countries like China, Japan, and India.
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Companies Considered and Profiled:
- DuPont de Nemours, Inc.
- BASF SE
- Li Peng Enterprise Co. Ltd.
- Koninklijke DSM N.V.
- Nylstar SA
- Evonik Industries AG
- Ascend Performance Materials
- Reliance Industries Limited
- Zig Sheng Industrial Co., Ltd.
- Universal Fibers, among others.
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Key Coverage of the Report:
- Region and country-wise statistics from 2017-2027, utilizing 2017 & 2018 as historical data and 2019 as the base year.
- Market size estimation with historical and forecasted trend analysis.
- Analysis of various alternatives and individual segment shares through statistical analysis.
- Examination of the regulatory framework in each region.
- Regional outlook on ongoing research and applications.
- Status of ongoing developments and mapping the regional prevalence of Nylon Fibers.
- Demand and Supply GAP Analysis.
- Pricing strategy of regional competitors.
- Market share analysis of major industry players.
- Strategic recommendations for new entrants.
- Market trends, drivers, constraints, opportunities, threats, challenges, investment opportunities, and recommendations.
- Strategic recommendations in key business segments based on market estimations.
- Competitive landscape mapping common key trends.
- Company profiling with detailed strategies, financials, and recent developments.
Salient Trends of the Nylon Partially Oriented Yarns Market:
- Nylon fibers, known for their robustness, elasticity, and durability, are widely used in intimate wear, hosiery, sportswear, backpacks, rucksacks, and various end-use products.
- While polyester is replacing nylon in some applications due to its lower price and better wrinkle resistance, nylon remains the preferred choice for ropes, tire cords, hoses, conveyor belts, carpets, racket strings, sleeping bags, parachutes, tents, and engineering plastics.
- Europe, with a market share of 12.4% in 2019, is expected to witness substantial growth, particularly in Germany and France.
- The Asia Pacific, holding the highest market share, is anticipated to grow at a CAGR of 5.4% throughout the forecast period, driven by demand for resilient and durable nylon-based specialty apparel and sports products. China dominates this market.
- North America, with a consistent growth outlook, is witnessing advancements in manufacturing and processing technologies, contributing to the expanding use of nylon fibers.
Market-O-Nomics:
- The global Nylon Partially Oriented Yarns Market was valued at USD 17.62 Billion in 2019, with a forecasted value of USD 25.44 Billion by 2027.
- The Textile & Fabric Industries sub-segment held the highest market share in 2018 and is expected to grow at a rate of 5.2% during the forecast period, maintaining dominance.
- The Industrial Fibers sub-segment, with a market share of 32.7% in 2019, is projected to grow at the fastest CAGR of 5.9%.
- Nylon 6,6 sub-segment is anticipated to experience a higher growth rate of 5.5% during the forecast period.
- The Semi Dull sub-segment, with a market share of 19.3% in 2019, is projected to grow at a rate of 5.6% from 2020 to 2027.
- The Low Denier Rating is expected to grow at a CAGR of 3.6%, reaching a significant market share by 2027.
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Frequently Asked Questions (FAQs) – Nylon Partially Oriented Yarns Market:
Q1: What is the expected growth rate of the Nylon Partially Oriented Yarns Market? Answer: The Nylon Partially Oriented Yarns Market is projected to grow at a rate of 4.6% in terms of value, reaching USD 25.44 billion by 2027.
Q2: What are the primary forms of nylon yarn discussed in the market summary? Answer: The primary form of nylon yarn discussed is Nylon Partially Oriented Yarn (Nylon POY), also known as nylon pre-oriented yarn, spun directly from nylon chips.
Q3: What are the key applications of Partially Oriented Yarn (POY)? Answer: Partially Oriented Yarn (POY) is primarily utilized for texturizing and crafting textured yarns. It is used in various applications such as warp knitting, weaving, twisting, dyeing, and more.
Q4: Why is Nylon POY considered advantageous over other fiber yarns? Answer: Nylon POY is advantageous due to its resistance to fading in sunlight or washing with soaps. It also offers high abrasion and wrinkle resistance with crease recovery properties.
Q5: What factors are driving the demand for Nylon Partially Oriented Yarns? Answer: The demand for Nylon Partially Oriented Yarns is driven by the continuous growth of the apparel industry, along with applications in ropes, cordage, home textiles, carpets, tire cords, narrow woven materials, backpacks, swimwear, and trekking wear.
Q6: Which region is expected to lead the Nylon Partially Oriented Yarns Market, and why? Answer: The Asia Pacific region is projected to lead the market by 2027. The extensive growth in the nylon fiber-based apparel and consumer products, coupled with massive demand in military and sports applications, contributes to the region’s dominance.
Q7: What are the challenges faced by the Nylon Partially Oriented Yarns Market? Answer: The market faces challenges from the growing usage of polyester materials due to their comparatively lower price margin.
Q8: What is the valuation of the global Nylon Partially Oriented Yarns Market in 2019? Answer: The global Nylon Partially Oriented Yarns Market was valued at USD 17.62 Billion in 2019.
Q9: Which sub-segment is expected to have the highest growth rate during the forecast period? Answer: The Industrial Fibers sub-segment is projected to grow at the fastest CAGR of 5.9% during the forecast period.
Q10: What are the prominent companies considered in the market study? Answer: Some of the prominent companies considered include DuPont de Nemours, Inc., BASF SE, Li Peng Enterprise Co. Ltd., Koninklijke DSM N.V., Nylstar SA, Evonik Industries AG, Ascend Performance Materials, Reliance Industries Limited, Zig Sheng Industrial Co., Ltd., and Universal Fibers, among others.
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