Global Nylon Market Is Projected to Grow to USD 28.79 billion by 2027, exhibiting a CAGR of 6.0% Over the Forecast Period 2020 to 2027

September 03, 2021, New York, USA - Nylon Films: 

Nylon, also called as polyamide (PA). It has many extraordinary qualities. It is a clear and printable thermoplastic that has many qualities such as – high melting point, extraordinary strength and sturdiness, and excellent barrier oxygen properties. 

Benefits / Advantages of Nylon Films:

It is also anti-scratch, anti-puncture and anti-flex cracks. It does not melt in or absorb oil, grease and acidic food. Because of these properties, PA becomes an ideal material for usage in regular cooking as well as microwave cooking. 

They are also used as a packaging material because they have various specific properties such as strength, high blocking properties and high melting point. 

For the packaging of sauces, cheese, dairy products and microwave products, Nylon films are widely used as a packaging material. 

Nylon films don't react with food products, and they are highly flexible. That's why these films are widely preferred by manufacturers. 

Besides these, they are recyclable hence eco-friendly. Generally, burning Nylon doesn't produce any fumes. 

Nylon films account for about 20% of all microwavable and ovenable bags on the market. This is due to their high oxygen barrier and carbon dioxide permeability.

Types of Nylon and their applications:

There are four main grades of polyamide nylon: nylon 66, 11, 12 and 46. They are named on the basis of their polymeric chain. The first and second number indicates the number of carbon atoms in the diameter and number of carbon items in the acid respectively. 

Typical applications of Nylon:

Toothbrushes

Wear pads

Wheels

Gloves

Guitar strings and pics

Tennis racket strings

Medical implants

Electrical connectors

Fishing line

Tents

Gears        

The Global Nylon Film Market Forecast: 

Nylon is a polymeric material with many uses. Nylon is a significant product that can be adopted in many industries, including the automotive and sports industries. Nylon fibre can be found in both professional volleyball nets and airbags for vehicles.

In addition, there is a growing demand for sustainable polymeric products. Nylon plays a key role in this development. Longchamp, a French company that makes bags out of waste nylon, is an example.

Osprey, which is a manufacturer of outdoor products, has teamed up with Hyosung to make use of its 100% recycled fibre in various outdoor products. In August 2020, Prada, a well-known luxury brand, launched a sustainable re-nylon line at Selfridge's corner store. These developments are expected to encourage healthy growth in the future.

Downtime in Automotive Industry triggered by covid-19 to take a toll on 2020 earnings. 

The automotive industry is a major user of nylon. The outbreak of COVID-19 has actually stopped the production as well as operations of more than 250 automotive production facilities all around the globe. The result is that the demand for automotive manufacturing has dropped significantly and will likely decline by double digits in 2020 compared to 2019. Changes to government norms are expected to help consumers spend more. However, a soft recovery is possible.

Market recovery is likely by the end of the short term forecast, as uncertainty from COVID-19 will affect demand and supply in the coming years. Market growth will be slowed by the escalating tension between major economies like the US and China. The first half of 2018 saw low-profit margins for most of the major players, which has had a significant impact on their earnings.

Key Drivers and Restraints of Global Nylon Films Market:  

The market for nylon films is driven by the rising demand for food packaging materials. The demand for packaged foods is increasing due to an increase in the disposable income of the people. This is boosting the market for nylon films.

The forecast period will see a rise in nylon film demand in the end-use industry, such as pharmaceuticals and personal care. This is due to rapid urbanization in the Asia Pacific.

However, market fluctuations and the availability of substitutes like polypropylene, para-aramid synthetic fibres and bio-absorbable polymers at lower prices will likely restrain the market.

The Key Market Segmentation of the Global Nylon Film Market: 

Global Nylon Film Market can be divided into Product Types, Packaging Types, End-User / Applications, and Geographical landscapes, etc. 

Nylon Film Market Segmentation by Product Type:

• Nylon 6
• Nylon 10
• Nylon 12
• Nylon 66

Nylon Film Market Segmentation by End-User / Product Application:

• Requirements of Food Packaging
• Chemical Products Packaging
• Pharmaceutical Packaging
• Electronic Packaging Materials

Nylon Film Market Segmentation By Packaging Type:

• Pouches
• Bags
• Others

Nylon Film Market Segmentation By Geographical Landscape:

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

Major Key Players in the Global Nylon Film Market Are:

Molecule Enterprise

UBE Industries

Optimum Plastic

Bemis

FSPG Hi-tech

Hyosung

Kolon Industries

Biaxis

Honeywell

Sojitz Pla-Net

Nippon Gohsei

Raj Packing Industries

DOMO Chemicals

MandQ Packaging Corporation

Unitika

Toyobo

Cangzhou Donghong Packing Material

Toray

THAIPOLYAMIDE

Xiamen Changsu

Shanghai Zidong Chemical

Shouguang Jianyuanchun

KNF

The Covid-19 Impact Analysis:

The International Health Regulations Emergency Committee, World Health Organization (WHO), declared that the Coronavirus disease (COVID-19), outbreak was a public health emergency of international concern on January 30, 2020. This virus was originally found in China. It has now spread to at least 213 countries and territories all over the globe.

The result has been a severe shortage in raw materials for nylon films from different vendors around the world. This has greatly affected the manufacturing of nylon films.

The COVID-19 epidemic has had a negative impact on the personal care sector. The market for nylon films has also been negatively affected since these films are used in large quantities for the packaging of personal care products.

The Global Nylon Film Market Report Highlights:

Global Nylon Market Is Projected to Grow to USD 28.79 billion by 2027, exhibiting a CAGR of 6.0% Over The Forecast Period 2020 to 2027

The Asia Pacific is the largest market for global nylon films in terms of consumption. This is due to the high demand for flexible packaging products as well as the increased dependence on packaged foods products.

Due to the rise in European consumption of packaged foods products, the nylon film market is expected to grow at a significant pace in Europe during the forecast period.