Nylon 6 66 Copolymer Market Segmentations:
By Product (Nylon 6, Nylon 66), By Application (Automotive, Electrical & Electronic, Engineering Plastic, Textiles, Others), By Region (North America, Asia Pacific, Europe, Central & South America, Middle East & Africa), End-use Landscape, Vendor Landscape, and Competitor Analysis | Business Intelligence Report
Market Insights:
The global market for nylon 6 66 copolymer accounted for more than USD 20 billion in 2016 and is anticipated to grow at a CAGR of 6% over the forecast period. The development of the PA 6 & 66 market is attributed to its increased usage in the automobile industry.
The largest share was occupied by PA 6 with most of the demand being generated from the textile industry. However, there is an expanding trend of PA 66 consumption from the engineering plastic industry.
There is an increasing demand of PA-6 in engineering plastics and other niche applications. These applications involve musical instruments, fishing instruments and surgical apparels. Electrical & electronics industry is expected to boost the demand for PA 66 as well. Processing adaptability and other physical properties of PA 66 are beneficial in the electrical & electronics industry.
Increasing demand for high performance and lightweight materials in developing economies are expected to fuel the growth of the electrical & electronics sector. Increasing cost of raw materials, high energy consumption, and production costs are the major factors anticipated to restrain the growth of the global nylon 66 market over the next few years.
Product Insights:
The heat resistance properties of nylon 6 are better than 66. Nylon 66 is also preferred due to its aesthetic advantages, lower costs, and other benefits. These monofilament items have wide applications in the field of consumer goods, paper, medical uses, automotive and textile industry.
The worldwide PA 66 market is anticipated to receive major impetus from the automotive industry. Improvement in the standard of living and increase in disposable income of consumers in developing economies is likely to supplement the products demand.
Light-weight automobile with increased efficiency is projected to grow over the coming years. Vehicle emission standards are expected to drive the demand for nylon 66 in the forecast period.
Application Insights:
Nylon 6 & 66 has an extensive range of applications in the automotive, electrical & electronics, textile, sports, defence, and engineering plastic sector. Engineering plastic products produced using these resins are lightweight and heat resistant.
Engineering plastics are gaining importance as they posses better mechanical and thermal properties than conventional plastics. The most significant areas of applications in the engineering plastics sector are agitators, wire harness, connectors bushings, bearing, nuts & bolts, fuse boxes, cylinder head covers, crankcases, timing belts, oil containers, and others
Around 60% of the worldwide market is occupied by PA-6, mostly for textile and carpet manufacturing. PA-66 is expected to eventually gain influence in the sewing thread industry as it finds excellent use in shoes market.
Regional Insights
Asia Pacific occupied a large share in the market with more than 40% of the worldwide demand during 2016. The provincial demand is due to the humongous consumption from developing countries such as China and India. The regional industry has drifted its focus from textiles to engineering plastics and automotive segments.
Rising engineering component production will probably trigger the regional demand over the coming years. Most of the provincial requirement comes from China, which is also a leading nylon producer. China represents around 20% of the worldwide consumption and is anticipated to maintain its dominance over the years. Europe and North America together lead to more than half of the global demand. Well established textile industry has benefited the regions to achieve this level of consumption.
End Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from Nylon 6 & 66 market. The major consumers of the product are TaizhouWinstrong Special Net Co. Ltd., National Plastic Ropes factory Co. Ltd., Trans Marine Network.
Competitor Analysis
With the increasing demand the global market is projected to get intense over the years. Some of the key players include Honeywell International Inc., Li PengEnterprice Company Ltd., Rhodia SA, Royal DSM N.V., Ube Industries Ltd., Evonik Industries AG, BASF SE, Radici Group, DuPont, Asahi Kasei Corporation.
Toray launched CYCLEAD fabric made from recycled nylon 6 fibers and Ecouse polyester. In the coming years Toray has announced to expand the Ecouse brand to encompass non-fibre products.
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