Nylon Yarn Market Predicted to Rise at a Lucrative CAGR throughout 2018 to 2026
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.
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