Tag: Nylon 66

Nylon Monofilament Market Is Expected to Reach USD 1.89 Billion by 2020

The global nylon monofilaments market is expected to reach USD 1.89 billion by 2020, according to a new study by Grand View Research, Inc. Growth of key end-use industries such as automotive, fishing, and consumer good in Asia Pacific and Latin America is expected to remain a key driving factor for the global nylon monofilament market. Growing nylon monofilament application development in the medical industry is also expected to have a positive impact on market growth over the forecast period. The threat of substitutes from other polymers such as PVDF and polypropylene is expected to remain a key challenge for market participants over the next six years.

Nylon 6 and nylon 66 commanded a major share in the global market. Together, they accounted for over 85% of total market volume in 2013. Nylon 6 is expected to witness the highest growth of 5.3% from 2014 to 2020. Global demand for nylon 66 based monofilaments is expected to exceed a market worth USD 850 million by 2020.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/nylon-monofilament-market

Further key findings from the study suggest:

  • Global nylon monofilament market demand was 337 kilo tons in 2013 and is expected to reach 476.4 kilo tons, growing at a CAGR of 5.2% from 2014 to 2020.
  • Consumer goods were the largest application segment and accounted for 29.9% of total consumption in 2013. Increasing nylon monofilament demand for manufacturing sports equipment is expected to drive this segment. Medical is expected to witness the highest growth rate of 5.8% from 2014 to 2020. The development of novel applications in the medical industry is expected to spur growth for this segment over the forecast period.
  • Asia Pacific emerged as the leading regional market and accounted for 64.1% of total market volume in 2013. Asia Pacific is expected to maintain its lead position in the global market over the forecast period. Growth of fishing and automotive industries in China, India, and Indonesia is expected to drive the regional market. Central & South America is expected to witness the highest growth of 5.4% from 2014 to 2020. Positive outlook on the regional automotive industry and growing healthcare expenditure particularly in Brazil and Argentina is expected to spur growth in the region.
  • Major industry participants have been focusing to develop environmental friendly and superior nylon monofilaments. Key companies have also been developing proprietary products to cater to specific end-use markets. Some major companies operating in the global market include Hinafil India Ltd., Ashley Polymers Inc., Engineered Monofilaments Corporation, Superfil Products Ltd., Toray Monofilament Co. Ltd., Perlon Monofil GmbH, Wenzhou Ruichang Special Monofilament Factory, Luftkin Enterprise Co. and Ningbo Judin Special Monofilament Co. Ltd.

Cyclohexane Market Size Worth $32.3 Billion By 2025

The global cyclohexane market is expected to reach USD 32.3 billion by 2025, growing at a CAGR of 4.9% according to a new report by Grand View Research, Inc. globally changing consumer behavior towards sustainability has been a significant factor driving market growth. Also, the increasing use in 3D printing is positively influencing the demand for the cyclohexane and its products. 

Growing population coupled with rapid urbanization and industrialization in emerging economies has also driven federal governments to increase their manufacturing spending to cater to the rising demand. The low production cost and relaxed government regulations further boosting the demand for cyclohexane in the global market. Also, global Nylon 6 Production is estimated to increase at a rapid rate, which is expected to increase demand for cyclohexane globally.

Recently, there has been a growing impetus towards the provision of greater quality products to retain customer loyalty, since low switching costs & lowly differentiated products have reduced supplier power in recent years. Companies are thus actively engaged in product development & research, technological advances and even strategic collaborations to improve their standing in the global market.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/cyclohexane-market

Further key findings from the report suggest:

  • The global cyclohexane demand was around 9,192 kilo tons in 2016 and is expected to grow at a CAGR of 4.0% between 2016 and 2025
  • Caprolactam was the dominant application segment in 2016 and is projected to be worth USD 19 billion by 2025
  • Cyclohexane’s value from nylon 6 end-use was estimated at over USD 11 billion in 2016. Textiles industry growth in South Asian markets will have a positive influence on the segment’s growth
  • Asia Pacific is the largest region in terms of revenue in 2016 and is expected to maintain its dominance during the forecast period.
  • Growth in the textile, electronics and automotive industry in the emerging countries such as China and India are expected to drive the growth of the cyclohexane market. Increasing demand for packaging materials is pushing the growth in the region.
  • The market in Asia Pacific is expected to witness significant growth over the next few years owing to the increasing consumption of nylon in various sectors. The regional market is expected to grow at a CAGR of 5.6% from 2017 to 2025 in terms of volume
  • Key industry participants include Sinopec Limited, BASF, BP PLC, Koninklijke DSM N.V. and Sigma-Aldrich Corporation, who dominate the cyclohexane industry in terms of production
  • Improving supply chain efficiencies, and establishing exclusive supply agreements shall be a key factor in improving profitability of producerss

Cyclohexane Market Size Worth $32.3 Billion By 2025

The global cyclohexane market is expected to reach USD 32.3 billion by 2025, growing at a CAGR of 4.9% according to a new report by Grand View Research, Inc. Globally changing consumer behavior towards sustainability has been a significant factor driving market growth. Also, the increasing use in 3D printing is positively influencing the demand for the cyclohexane and its products. 

Growing population coupled with rapid urbanization and industrialization in emerging economies has also driven federal governments to increase their manufacturing spending to cater to the rising demand. The low production cost and relaxed government regulations further boosting the demand for cyclohexane in the global market. Also, global Nylon 6 Production is estimated to increase at a rapid rate, which is expected to increase demand for cyclohexane globally.

Recently, there has been a growing impetus towards the provision of greater quality products to retain customer loyalty, since low switching costs & lowly differentiated products have reduced supplier power in recent years. Companies are thus actively engaged in product development & research, technological advances and even strategic collaborations to improve their standing in the global market.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/cyclohexane-market

Further key findings from the report suggest:

  • The global cyclohexane demand was around 9,192 kilo tons in 2016 and is expected to grow at a CAGR of 4.0% between 2016 and 2025
  • Caprolactam was the dominant application segment in 2016 and is projected to be worth USD 19 billion by 2025
  • Cyclohexane’s value from nylon 6 end-use was estimated at over USD 11 billion in 2016. Textiles industry growth in South Asian markets will have a positive influence on the segment’s growth
  • Asia Pacific is the largest region in terms of revenue in 2016 and is expected to maintain its dominance during the forecast period.
  • Growth in the textile, electronics and automotive industry in the emerging countries such as China and India are expected to drive the growth of the cyclohexane market. Increasing demand for packaging materials is pushing the growth in the region.
  • The market in Asia Pacific is expected to witness significant growth over the next few years owing to the increasing consumption of nylon in various sectors. The regional market is expected to grow at a CAGR of 5.6% from 2017 to 2025 in terms of volume
  • Key industry participants include Sinopec Limited, BASF, BP PLC, Koninklijke DSM N.V. and Sigma-Aldrich Corporation, who dominate the cyclohexane industry in terms of production
  • Improving supply chain efficiencies, and establishing exclusive supply agreements shall be a key factor in improving profitability of producers