August 31st,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Nylon Market over the trend period from 2014 to 2019 and forecast period from 2021 to 2026. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Nylon Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Nylon Market is no different. Derived from the previous market scenario, the Nylon Market is likely to witness an impressive CAGR of 6.1% during the forecast period but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
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The Nylon Market is segmented by–
Key Players:
Regional analysis:
By region, the Asia Pacific Nylon market accounted for a significant share of almost 44% in 2020 and is expected to grow at a robust CAGR during the review period. The Nylon market growth is mainly propelled by easy availability of low-cost raw materials, cheap labor, and increased consumer spending power, and supportive government policies.
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The Nylon market is mainly driven by growing demand for nylon from automobile applications, coupled with booming automobile industry. Also, significant infrastructure development and improving socio-economic trends bolster the product demand.
Asia Pacific Nylon market accounted for a significant share of almost 44% in 2020 and is expected to grow at a robust CAGR during the review period.