Cleveland, OH, December 21, 2023 — Nylon resin demand in the US is forecast to climb 1.6% yearly in volume terms through 2027, according to Nylon Resins: United States, a report recently released by Freedonia Focus Reports. Suppliers are projected to benefit from gains in motor vehicle production, a key market, and increases in manufacturers’ shipments, including medical, industrial, and building products. Threats to faster growth include competition from specialty polypropylene grades and other engineering resins. However, high-heat specialty nylons are competitive with other high-value engineering plastics in more demanding applications. In 2023, demand for nylon resins is projected to advance 4.1% as motor vehicle output is forecast to increase 5.1%, reflecting an ongoing rebound from the declines caused by the COVID-19 pandemic and related supply chain challenges.
Demand for nylon resins in the motor vehicles market, the largest and fastest growing discrete segment, is projected to expand 1.9% to 2027. Suppliers are expected to benefit from forecast gains in motor vehicle production, including increases in output of electric vehicles. Nylon resin producers continue to introduce formulations tailored to electric vehicles and battery components.
These and other key insights are featured in Nylon Resins: United States. Total demand is segmented by market in terms of:
- motor vehicles
- medical and consumers
- electrical and electronic
- building products and other markets such as furniture and fixtures and transportation equipment (except motor vehicles)
To illustrate historical trends, total demand, the various segments, and trade are provided in annual series from 2012 to 2022.
Demand includes only plastic resin content; fillers, additives, and reinforcements are excluded. As such, the terms nylon and nylon resins are used interchangeably throughout this report. Demand and capacity figures include both captive and external consumption. Re-exports of nylon resins are excluded from demand and trade figures.
More information about the report is available at:
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Plastics & Other Polymers reports can be purchased at The Freedonia Group or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study