Nylon Procurement Intelligence
The nylon category is anticipated to grow at a CAGR of 6.5% from 2024 to 2030.
The increasing demand for lightweight and durable materials in industries such as automotive, textiles, and consumer goods are driving the growth of the category. The increase in car manufacturing is anticipated to boost the need for nylon employed within the automotive sector. The surge in automobile production can be attributed mainly to the rapid expansion of the Chinese market and the steady growth of the European automotive industry. Furthermore, the vehicle industry has experienced significant growth in recent years, particularly in the Asia-Pacific region. According to the International Organization of Motor Vehicle Manufacturers, a total of 85,016,728 vehicles were produced globally in 2022, with China, the U.S., and Japan are the top three producers. Anticipated growth in automobile demand is expected to have an indirect impact on the production of nylon, consequently giving rise to a surge in the overall category expansion.
Order your copy of the Nylon category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Nylon Procurement Intelligence Report Scope
The Nylon category is expected to have pricing growth outlook of 5% – 9% (annual), with below pricing models.
- Volume-based pricing
- competition-based pricing
Supplier Selection Scope of Report
- Cost and pricing
- past engagements
- productivity
- geographical presence
Supplier selection criteria of Report
- Type and quality of nylon
- end-use served
- geographical presence
- years in services
- regulatory compliance
- operational and functional capabilities
- others
Nylon Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Nylon Procurement Cost and Supplier Intelligence
Raw material, labor, machinery, facilities, and packaging & transportation are some of the key cost components incurred in producing nylon. Other costs are rent and utilities, repair and maintenance, and legal charges. The average cost of starting a nylon production business can be around USD 35,000. Raw materials and labor account for a major part of the overall cost structure. The price of nylon 6/6 as of December 2023 was around USD 2.69/kg in China, USD 3.35 in the U.S., and USD 3.20 in Germany. In H1 2023, nylon prices fluctuated at the lower end of the pricing spectrum due to falling demand accompanied by over-stocked inventories and the availability of cheap imports from China. With the stabilization of freight and supply chain processes in H1 2023, there was a notable reduction in upstream cost pressures.
Under sourcing intelligence, end-use companies such as automotive firms usually outsource nylon production. These companies may have partnerships or contracts with nylon manufacturers to ensure a reliable supply of materials for various components in their vehicles, such as engine compartments, interior trims, and exterior components. For instance, Jaguar Land Rover, a part of Tata Motors, works with ECONYL nylon to develop quality interiors. Automotive companies seek to source bio-based nylon to increase their sustainability. These companies also maintain long-term relationships with nylon suppliers to get discounts on bulk orders, and consistent and on-time delivery.
List of Key Suppliers
- BASF SE
- Lanxess AG
- Huntsman International LLC
- AdvanSix Inc.
- UBE Corporation
- DOMO Chemicals
- Toray Industries Inc.
- Alliance Polymers
- Ascend Performance Materials Operations LLC
- Toyobo Co., Ltd.
Add-on Services provided by Grand View Research Pipeline:
Should Cost Analysis
- Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
Rate Benchmarking
- Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
Salary Benchmarking
- Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
Supplier Newsletter
- A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
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Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions