Nylon 66 Market Global Industry Analysis,Growth,Trends and Forecast 2019

Posted July 20, 2016 by MOHITTMR

Nylon 66 Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

Nylon 66 is a derivative of nylon synthesized by polycondensation of hexamethyelenediamine and adipic acid. It has superior mechanical properties and high heat resistance as compared to nylon 6. Nylon 66 can be reinforced with fillers, impact modifiers, fibers and internal lubricants to improve its physical properties such as strength, stiffness, ductility, friction properties and wear resistance. Nylon 66 is used for electro-insulating material, various machine parts, ball bearing cages, pipes, airbags, tires, ropes, conveyor belts, carpets fibers and apparel. End user industries of nylon 66 include automotive, industrial, consumer goods and electronics & electrical. Properties such as toughness, resistance to chemicals and high temperature, good appearance and processing flexibility makes nylon 66 suitable for various engineering applications.

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Growing demand from increasing automotive applications is expected to drive the nylon 66 market. It finds major application in automotive industry as it is used to replace metal for reducing weight of the vehicle and meet vehicle emission standards. Changing lifestyle and rising disposable income of consumer groups in developing countries is driving the automotive industry growth. Emission standards of vehicles and environmental regulations in developed countries of Europe are driving the light weight vehicles market which in turn expected to boost nylon 66 market. Further, growing demand from electrical & electronic industry is expected to fuel the market growth. Electrical & electronic forms the major application area of nylon 6-6 owing to processing flexibility and other advantageous physical properties. Increasing demand for light weight, high performance materials from growing population in developed as well as developing countries is driving electrical and electronics market.

However, increase in cost of production due to increase in raw material prices is expected to hamper the market growth. In addition, there is a credible threat from bio-based nylon to replace synthetic nylons as they produce less green house emissions and offer potential cost reduction. Appliances market and raising other applications of nylon 6-6 are expected to provide immense opportunities for the players in this market. Other applications include medical applications, consumer goods, and wind turbine blades. End product manufacturers, manufacturing companies are infusing high investments in technology modifications and future developments of nylon 6-6 derivatives to match the demands from various end user industries.

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North America was the largest producer of nylon 66 however; Asia pacific was the largest consumer due to various applications. China being the center of consumption in Asia pacific region and its desire to become self sufficient, capacity additions are aggressive in this region. Asia Pacific is expected to witness highest growth rate in terms of production and consumption as compared to other regions. Growing automotive and electrical & electronic industries are expected to drive the nylon 66 market. North America and Europe are expected to show sluggish growth as markets are matured and due to movement of manufacturing plants to lower cost based countries such as China. The South East Asian, Latin American nations and Eastern European countries are expected to experience higher growth rates owing to increase in auto sales, growing electrical and electronics industry, shifting preference of manufacturers from metals to nylon 66.

Some of the key players include BASF SE, DuPont, Honeywell International Inc., Rhodia Sa, Sabic Innovative Plastics LLC, Radici Group, Lanxess AG, Asahi Kasei Corporation, Li Peng Enterprice Company Ltd., Royal DSM N.V., Ube Industries Ltd., Evonik Industries AG, Invista S.A.R.L among others.

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Last Updated July 20, 2016