International Nylon Filament Yarn Market to Develop at a CAGR of 4.32% by 2030

The global nylon filament yarn market will grow at a CAGR of 4.32% through 2030

According to ChemAnalyst report, Global Nylon Filament Yarn Market Analysis: Plant Capacity, Production, Operational Efficiency, Technology, Demand and Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030, the global Nylon Filament Yarn market has shown tremendous Growth in recent years and is expected to reach a CAGR of 4.32% over the forecast period. The growth is mainly attributed to the increasing demand for textile applications such as sportswear, travel accessories, sports and adventure equipment, fabric, magic tape, fishing nets, etc. Made with Toray Japan technology since 1973, nylon filament yarn has the advantage of producing a stretch, friction and chemical resistant color. Various grades of nylon filament yarn are available including flat yarn, textured yarn, partially oriented yarn, fully drawn yarn, and dyed yarns. Flat yarn dominates the global nylon filament yarn market due to its application in textile products such as women’s clothing, scarves, saris, sewing thread, etc. coupled with its increasing use in automotive fabrics and smart fabric is expected to boost demand for nylon filament yarn over the forecast period. Nylon filament yarn is basically a synthetic yarn that is light and soft, with high tensile strength and durability. Zimmer AG Germany is the major technology licensor for nylon filament yarns.

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Sportswear is likely to be the most important application segment in the forecast period. Its properties such as elasticity, high tensile strength, abrasion resistance, and affordable price can greatly promote the growth of the nylon filament yarn market. The sudden outbreak of the novel coronavirus had a detrimental impact on the global nylon filament yarn market as industrial operations ceased in the first half of 2020. The increasing demand for high-performance fabrics from the automotive and defense sectors and the increasing demand for nylon filament fabrics in China from the manufacturing sector due to the continuation of production activities after the lockdowns will serve as an opportunity during the forecast period.

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Regionally, the Asia-Pacific region dominates the global market for nylon filament yarn, as this region is the most important textile manufacturer and there is a continuous demand for textile and high-performance fabrics. In addition, the growing population and per capita income in emerging markets is another factor driving demand for nylon filament yarn in the region.

According to the ChemAnalyst report, “Global Market By Global Nylon Filament Yarn Market Analysis: Plant Capacity, Production, Operational Efficiency, Technology, Demand and Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030,” some of the major players in the world market for Nylon filament yarns are BASF SE, Formosa Chemical and Fiber Corporation, JCT Limited, East Asia Textile Technology Limited, Century enka Ltd., Toray, Colossustex, Saludyarn and others.

“Increasing demand from the textile and sports industries is driving demand for the nylon filament yarn industry worldwide, along with growing populations and changing consumer preferences. With sufficient installed capacities, China and India are also the most important growth regions and the leading textile manufacturers and exporters. Despite some market constraints, its features such as light weight, versatility and greater design flexibility, which enables the production of advanced shapes without compromising the safety and stability of the products, would support the global NFY market in the long term, ”said Mr. Karan Chechi, Research Director at TechSci Research, a research-based global management consulting firm that sponsors ChemAnalyst.

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Global Nonwovens Market, By Fiber (Polyester, Cotton Rayon, Polypropylene (PP) and Others), By Technology (Drying, Spun Melt and Others), By End Use (Disposable Applications, Wipes, Geotextiles, Filtration Products), Medical / Surgery Products, Automotive and Others), By Region, Competitive Forecast & Opportunities, 2016-2026

Global Textile Chemicals Market Analysis: Plant Capacity, Production, Operational Efficiency, Technology, Demand and Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030

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This press release was published on openPR.

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