Global Nylon Yarn Market: Overview
A yarn can be produced from naturally by medium of plants, insects, and animals or synthesized artificially. It is a continuous assembly of fibers and signifies a core ingredient in the textile industry. Yarns can be characterized based on physical structure and performance. Synthetic yarns are widely used for commercial purposes owing to their high tenacity and resilient characteristics. Nylon yarn is a synthetic material yarn that resembles the appearance and texture of various natural fibers. Nylon yarns are strong, flexible, and generally cheaper than natural fiber yarns. Nylon is transformed into monofilament, multifilament, or microfilament yarns. These yarns possess high stretch recovery, excellent impact strength, good thermal conduction, high temperature resistant, high chemical resistance, and high durable properties. Nylon yarns are used for various applications; in terms of value, lower range nylon yarns are used in the manufacture of garments, while higher end nylon yarns are employed in industrial applications.
Global Nylon Yarn Market: Drivers & Restraints
The global nylon yarn market is primarily driven by the increase in demand for these yarns in the textile industry. Nylon yarns are used in industrial brushes, as they provide good fatigue and abrasion resistance. These yarns are used in zip fasteners because of their abrasion resistance and low coefficient of friction. Increase in utilization of nylon yarns in the manufacturing industry owing to their exceptional properties is anticipated to drive the global nylon yarn market. Nylon yarns are non-toxic and non-allergenic and are extremely resistant to mold, bacteria, and insects. Rise in demand for nylon yarns in the medical industry is anticipated to boost the global nylon yarn market. Advancement in material and chemical properties of nylon yarn in order to make it multifunctional is expected to offer lucrative opportunities to the global nylon yarn market during the forecast period.
Global Nylon Yarn Market: Key Segments
Based on type, the nylon yarn market can be segmented into nylon 6, nylon 66, and others. The nylon 66 segment held key share of the global nylon yarn market in 2017. Nylon 66 exhibits higher wear & tear resistance, feather-light property, and extreme dimensional stability. Thus, they are used in versatile applications such as clothing, furnishings, or industrial fabrics.
In terms of grade, the nylon yarn market can be divided into FDY (full drawn yarn), DTY (drawn textured yarn), POY (partially oriented yarn), nylon chips, and others. FDY, DTY, POY, and nylon chips are techniques used to produce nylon yarns. POY is used for air-texturizing/ draw texturizing applications, while FOY is employed for twisting and weaving applications.
Based on application, the nylon yarn market can be segregated into sportswear and sports equipment, hosiery and apparels, medical textile, industrial applications, and others. Hosiery and apparels accounted for major share of the global nylon yarn market in 2017. Nylon yarns are primarily employed in the manufacture of fishing nets, fishing ropes, fishing tugs, sport nets, gutting for sport rackets, industrial filter cloth, tarpaulin cloth, conveyer cloth, bristles for shaving brush & tooth brush, industrial brushes, clothing stiffeners, wigs, surgical sutures, zip fasteners, sewing thread, ropes & twins, etc.
Global Nylon Yarn Market: Regional Outlook
In terms of geography, the nylon yarn market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific constitutes substantial share of the global nylon yarn market due to the easy availability of raw materials at competitive prices in the region. Rapid industrialization in developing economies such as China and India is projected to propel the demand for nylon yarns in the near future. North America and Europe are prominent consumers of nylon yarns.
Global Nylon Yarn Market: Key Players
Key players operating in the global nylon yarn market include Fulgar SpA, KOLON INDUSTRIES, INC., JCT Limited, Zimmer AG, SRF, SUNTEX FIBER CO., LTD, Acelon Chemicals & Fiber Corp, Century Enka, TORAY INDUSTRIES, INC., and W. Barnet GmbH & Co.
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?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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.