Acumen Research and Consulting Nylon 6 and 66 Market is Expected to Reach Approxi | Page 3

Application Stance The market is divided into automobile, power and electronics, plastics and textiles and other applications. On the basis of application, in 2017, automotive, followed by plastics and fabric engineering, were estimated to be the largest application segments. Nylon composites are used to boost car components’ environmental sustainability and reduce cars’ weight. Composites are used for the production of hydraulic clutch lines, headlamp bezels, auto-cooling systems, air intake collectors and airbags. They are also used for external applications, such as tailgate handles, rolling panels, fuel caps, doors, front grills and mirrors. Nylon composites in the automotive industry are expected to drive demand, because of factors such as excellent mechanical properties, wear strength and increasing requirements for lightweight vehicles to improve fuel efficiency. Market Snapshot Asia-Pacific is projected to lead the market between 2018 and 2025, with China being the fastest growing country in terms of the automotive industry. The Nylon 6 segment is potentially fuelling growth of the market for nylon 6 and nylon 66 over the forecast period, owing to low cost. Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs The market is marked by the presence of several well-established players. Companies take various strategic steps to stimulate market growth. The engineering company, Britannia Techno Polymer, which is based in the Netherlands, was purchased in August 2018 by Ascend Performance Materials. The acquisition helped Ascend to build a European production base and to expand its compounding capacity globally. BASF SE, INVESTA, are Likely to Continue to Lead the Global Nylon 6 & 66 Market Would like to place an order or any question, please feel free to contact at [email protected] | [phone]