Nylon materials are available primarily in three forms: fibers, thermoplastic resins, and yarns. Nylon yarns are known for their mechanical properties such as high tensile strength and low shrinkage at higher temperatures. They also have high elasticity. These properties are promoting their usage in knitted fabrics and apparel. Nylon 6 filament yarns have the ability to regain their shape after washing, as they possess excellent stability. These yarns are lighter and absorb less water.
Nylon 6 Filament Yarn Market: Segmentation
Based on application, the nylon 6 filament yarn market can be primarily segmented into sports apparel, fabrics, travel accessories, industrial apparel, adventure equipment, fishing nets, and others. The fabrics segment accounted for major share of the market in 2017 due to the rise in demand for fabrics among urban population and increase in disposable income of consumers. Nylon 6 filament yarn yields higher tensile strength and dimensional stability to fabrics vis-à-vis natural fabrics. Fishing nets is a lucrative segment of the nylon 6 filament yarn market. Fishing nets manufactured using nylon 6 filament yarn impart strength and durability. Thus, nylon 6 filament yarn is an ideal material for fishing nets.
Nylon 6 Filament Yarn Market: DROs
Increase in demand for high quality apparel at lower prices and rapidly changing fashion trends are driving the nylon 6 filament yarn market. Nylon 6 filament yarn is also increasingly used in military & defense applications. It is also employed in the manufacture of textiles accessories such as smart textiles or automotive textiles. These factors are also anticipated to boost the market. However, rise in number of substitutes such as polypropylene and para-aramid ceramic synthetic fibers is anticipated to restrain the market during the forecast period.
Nylon 6 Filament Yarn Market: Region-wise Outlook
Based on region, the nylon 6 filament yarn market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of revenue, Asia Pacific held key share of the nylon 6 filament yarn market in 2017. The market in the region is estimated to expand at a rapid pace during the forecast period. Abundant availability of raw materials such as caprolactam, favorable manufacturing regulations, rise in government initiatives, and rapid growth in population are prominent factors anticipated to augment the demand for nylon 6 filament yarn in Asia Pacific. China and India are the key countries projected to constitute large share the nylon 6 filament yarn market in Asia Pacific during the forecast period. After Asia Pacific, North America is likely to be a key region of the market between 2018 and 2026. Increase in demand for technical textiles and rise in manufacturing base are estimated to augment the nylon 6 filament yarn market in the region. The nylon 6 filament yarn market in Latin America and Middle East & Africa is expected to expand at a sluggish pace during the forecast period.
Nylon 6 Filament Yarn Market: Key Players
Large number of companies operate in the global nylon 6 filament yarn market. Many regional and local traders, distributors, and importers supply nylon 6 filament yarn to end-users. Prominent companies operating in the nylon 6 filament yarn market include BASF SE, UBE INDUSTRIES, LTD., LANXESS, CELANESE CORPORATION, Radici Group, and Ensinger.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.