Global Nylon 6 Filament Yarn Market to Reach US$ 44.7 Billion by 2032, Impelled by Expanding Product Adoption across the Automotive Industry

September 18, 2023 | Plastics, Polymers and Elastomers

According to the latest report by IMARC Group, titled “Nylon 6 Filament Yarn Market Report by Application (Sports and Adventure Equipment, Travel Accessories, Sports Apparels, Fishing Nets, Fabric, and Others), and Region 2024-2032,” the global nylon 6 filament yarn market size reached US$ 24.3 Billion in 2023. Nylon 6 filament yarn is a versatile and widely used synthetic textile material renowned for its durability, strength, and versatility. It is derived from nylon 6, which is a polymer made from caprolactam monomers. The filament aspect refers to the long, continuous strands of nylon that make up the yarn, as opposed to spun yarns made from short staple fibers. Nylon 6 filament yarn possesses several distinctive characteristics that make it popular in various applications. It exhibits exceptional tensile strength and abrasion resistance, making it ideal for products that need durability, such as ropes, fishing lines, and seatbelts. Besides this, its lightweight nature, coupled with excellent elasticity and moisture-wicking properties, also makes it suitable for activewear and hosiery.

Global Nylon 6 Filament Yarn Market Trends:

The increasing demand for lightweight, high-performance materials across the automotive, aerospace, and sports apparel industries is fueling the market expansion. Concurrent with this, nylon 6 filament yarn's remarkable strength-to-weight ratio makes it an appealing choice for various applications, thereby favoring the market growth. Moreover, the growing awareness of sustainability and eco-friendliness is boosting the product demand since nylon 6 filament yarn can be produced from recycled materials, reducing its environmental impact and aligning with the sustainability goals of many industries. In addition to this, its longevity and resistance to wear and tear contribute to a longer product lifespan, reducing the need for frequent replacements and waste. Furthermore, the bolstering growth of the fashion and textiles sector and changing consumer preferences for comfortable, moisture-wicking, and stretchable clothing are propelling the demand for nylon 6 filament yarn. Apart from this, the rising emphasis on lightweighting for improved fuel efficiency across the thriving automotive industry is driving the adoption of nylon 6 filament yarn in components such as airbags, seatbelts, and interior textiles, thereby aiding in market expansion. Looking forward, the market value is projected to reach US$ 44.7 Billion by 2032, expanding at a CAGR of 7% during 2024-2032.

Market Summary:

Based on the application, the market has been segmented into sports and adventure equipment, travel accessories, sports apparels, fishing nets, fabric, and others. Currently, sports apparels dominate the market, holding the largest share.
Region-wise, the market has been segmented into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific is the leading market, accounting for the majority of the global share.
The competitive landscape of the market has also been examined, with some of the key players being Aquafil S.p.A., Formosa Chemicals & Fibre Corp., JCT Limited, Nurel S.A. (SAMCA Group), Radici Partecipazioni SpA, SRF Limited, Superfil Products Private Limited, William Barnet & Son LLC, etc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Application Region
Applications Covered	Sports and Adventure Equipment, Travel Accessories, Sports Apparels, Fishing Nets, Fabric, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Aquafil S.p.A., Formosa Chemicals & Fibre Corp., JCT Limited, Nurel S.A. (SAMCA Group), Radici Partecipazioni SpA, SRF Limited, Superfil Products Private Limited, William Barnet & Son LLC, etc.
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Global Nylon 6 Filament Yarn Market to Reach US$ 44.7 Billion by 2032, Impelled by Expanding Product Adoption across the Automotive Industry

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