The global Nylon 66 market is anticipated to expand at a CAGR of 3.0% from 2018 to 2026 and reach value of more than US$ 6.0 Bn by 2026.
Albany, NY -- (SBWIRE) -- 09/14/2018 -- Rising preference over alternatives such as nylon 6 owing to higher temperature resistance, and its extensive application in the production of engineering plastic compounds will continue to drive the growth of the nylon 66 market. Increasing importance on insulation, mechanical strength and electrical resistance has put further impetus on the use of nylon 66 in the electronics and automotive electric system industries. Revenues from the nylon 66 market are estimated to reach a value of US$ 6 Bn at a CAGR of 3% through 2026. Insights such as these have been derived from the report titled "Nylon 66 Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" added recently to the huge repository of Market Research Reports Search Engine (MRRSE).
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Resin grade nylon 66 is expected to continue its hold on leading revenue shares of the market, followed by fiber grade nylon 66. Nylon 66 is expected to stay in demand, owing to their essential role in end-use industries in the automotive, electrical and electronic sectors. Hurricane Harvey disrupted the production of major nylon 66 suppliers, which has resulted in a worldwide shortage. This has had a further impact of rising prices, which is a key constraining factor that is hampering the growth of the nylon 66 market. The market is expected to recover towards 2018-end.
North America, followed by Europe and Asia-Pacific continue to hold a majority share in the nylon 66 market, owing to the presence of key market players and the rise in demand for light, temperature-resistant engineering plastics in the region.
Nylon 66 Market: Report Summary
This report provides an exhaustive regional and global level analysis & forecast on the nylon 66 market, in terms of value (US$ Mn) and volume (Kilo Tons), for the forecast period of 2018 to 2026. Crucial influencers such as social, political and economic factors that impact the development and requirement for nylon 66 have been examined in detail in the report.
A thorough value chain analysis on the nylon 66 industry has been provided in the report, and the Porter's Five Forces model is utilized to help the readers better understand the competitive scenario among leading and emerging market players. In addition, an analysis of market attractiveness analysis has been performed and incorporated, where assessments are made on the terms of growth rate, market size, and general attractiveness.
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Nylon 66 Market: Research Methodology
Detailed discussions and rigorous interviews have been conducted with a number of eminent industry experts and opinion leaders to help compile this report. Exhaustive primary and secondary research has been used, which have resulted in accurate and reliable insights on the nylon 66 market. Primary research represents the bulk of the research efforts, which has been further supported with thorough secondary research.
Market leader and emerging players in the nylon 66 market have been profiled and examined, while data sources such as press releases, annual reports, and other relevant documents have helped in analysis on the dynamics of the competitor landscape. This approach to research is regarded to be highly reliable and effective to capture useful insights on market data, untapped business opportunities, and strategies of the industry participants.
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