Global Nylon Market to Touch 6.6 Million Tons by 2015, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) April 6, 2010 -- Nylon refers to a family of polymers consisting of polymeric amides that form synthetic fiber with protein-like chemical structure. Nylon is more popular as fiber used in manufacture of carpets and stockings. However a significant part of the global nylon production is utilized in production of engineering polymers. Use of nylon is universal in applications that mostly undergo wear and tear such as brackets, door handles, power-tool housings, and structural components in baby carriages or under car hoods. However, the growth of nylon industry is restricted by certain limitations such as the tendency of the material to absorb moisture that results in poor dimensional stability. In addition, nylon faces competition from long-glass fiber-reinforced polypropylene and other cheaper plastics that replace nylon in some potential applications.

Asia-Pacific dominates the world nylon market as stated by the new market research report on nylon market (http://www.strategyr.com/Nylon_Market_Report.asp). The region also represents the fastest growing market for nylon. Factors contributing to the growth include increasing consumption of nylon in textiles, automotive, electrical, consumer, and industrial sectors in regions such as China, Taiwan and other Asian markets. Further, engineering nylons offer more potential for use in aircrafts, engineering goods, and automobiles. Europe is the second largest producer of man-made fibers (http://www.strategyr.com/Nylon_Market_Report.asp) in the world, preceded only by China. Nylon fibers hold a major share of man-made fibers market in Europe.

In recent years, demand for nylon in major end-use markets including durable goods and cars, declined steeply owing to the prolonged economic crisis. Nevertheless, key trends such as move towards low-weight automobiles for better fuel economy and minimizing greenhouse gases potentially pave way for the increased use of nylon in future. Further, the use of nylon is gaining importance in applications beyond the traditional electronic equipment and automotive markets.

Key players profiled in the report include Asahi Kasei Corporation, BASF SE, E. I. Du Pont de Nemours and Company, Formosa Plastics Group, Honeywell International Inc., Huntsman Corporation, Koch Industries Inc., Invista S.à r.l., Lanxess AG, Li Heng Chemical Fibre Technologies Limited, Li Peng Enterprise Co. Ltd., Nylstar SA, Radici Group, Rhodia S.A., Royal DSM N.V., and Ube Industries Ltd.

The report titled "Nylon: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competitive scenario, product overview, product introductions, and recent industry activity. The study analyzes market data and analytics in terms of consumption volume for regions including North America, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Rest of World.

For more details about this comprehensive market research report, please visit -

http://www.strategyr.com/Nylon_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyR.com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

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