Prosperity of Industrialization to Drive Nylon 1010 Market During 2019-2027

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Nylon 1010 Market: Introduction

• Nylon 1010 is a polyamide fiber, and is also known as polyamide 1010. It is generally manufactured through condensation of a diacid and diamine.
• Nylon 1010 has low moisture absorption, improved chemical resistance, and excellent ultraviolet ray resistivity. Furthermore, it offers resistance to zinc chloride solution, making it a suitable material for injection molding and extrusion.
• Nylon 1010 is a bio-based polymer with significant bio-content. It is extracted from castor oil, and a non-food & plant based source. Nylon 1010 possesses excellent mechanical properties such as mechanical strength, high melting point, and compact melting point.
• Nylon 1010 is employed in a wide range of applications including automotive, electrical & electronics, consumer goods, engineering parts, housings, industrial, building & construction, sporting goods, and packaging.
• Rise in popularity of nylon 1010 due to its excellent material properties and environment-friendly nature is anticipated to drive the nylon 1010 market during the forecast period. However, higher cost of nylon 1010 than other alternatives is projected to hamper the market during the forecast period.

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Demand for Nylon 1010 in Automotive Industry to Rise at Rapid Pace

• Technological advancements in design and environmental concerns have augmented the demand for lightweight and high quality automotive parts across the globe. Furthermore, emergence of e-vehicles is projected to boost the demand for low weight-high strength automotive components.
• Nylon 1010 offers higher strength and has lower weight than other alternatives due to its compact molecular structure. Furthermore, nylon 1010 is preferred in automotive design due to its eco-friendly nature.  Thus, nylon 1010 market is anticipated to increase at a rapid pace in the automotive industry during the forecast period.

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Europe Dominates Global Nylon 1010 Market

• Geographically, the global nylon 1010 market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Europe is projected to be a key region of the global nylon 1010 market due to the rise in demand for environment-friendly and bio-based products in various end-use industries in the region
• Implementation of stringent environmental laws in the European Union is likely to propel the demand for eco-friendly products in automobile and packaging industries. This is anticipated to positively impact the demand for nylon 1010 in the region.
• Presence of a well-established electronics industry in China, South Korea, Taiwan, and Japan and significant rise in demand for automotive and electronics & electrical components in Asia Pacific are expected to fuel the nylon 1010 market in the region
• Demand for nylon 1010 is rising in applications such as consumer goods, automobile, and electronics. Increase in demand for consumer goods, primarily in countries such as China, India, and Indonesia, and rapid industrial developments in these countries have augmented the demand for lightweight industrial components in Asia Pacific. This, in turn, is estimated to propel the nylon 1010 market in the region.

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