Nylon 66 Market - Snapshot
Nylon is one of the most popular and widely used engineering thermoplastic materials. It is cost-effective and it has excellent mechanical properties. The most common and extensively used Nylon grades are Nylon 66 and Nylon 6. Both these materials have similar properties; therefore, they can be used in place of each other. These materials have good mechanical properties and similar wear resistance. However, Nylon 66 has higher temperature resistance than Nylon 6, which makes the former a preferred material of choice for high-temperature applications.
Nylon 66 is also known as polyamide 66, PA 66, Nylon 6,6, or Nylon 6/6. It is synthesized from poly-condensation of the aqueous salt of hexa methylene diamine (HMDA) and adipic acid (ADN). Industrially, HMDA is produced from either butadiene or propylene. Adipic acid is derived through a number of syntheses which begin with benzene.
Owing to their high mechanical strength, toughness, electrical resistance, and good insulation properties along with excellent processing properties, Nylon 66 resins are widely used in automotive electric systems and electronics. BASF has developed a portfolio of different PA 66 resin grades for reliable microelectronics in sensitive car applications. These resins help prevent damage caused by electric corrosion of circuits.
In terms of revenue, the global Nylon 66 market is anticipated to expand at a CAGR of 3.0% from 2018 to 2026 and reach value of more than US$ 6.0 Bn by 2026. The global Nylon 66 market has been segmented based on grade, application, and region. In terms of grade, the market has been bifurcated into fiber grade and resin grade. The resin grade segment is expected to register a significant growth rate during the forecast period. Based on application, the market has been classified into textile, industrial, carpets, automotive, electrical & electronics, consumer goods & appliances, packaging, films & coatings, and others (wires & cables, etc.). Nylon 66 is used extensively to produce engineering plastic compounds. It is also employed in the production of industrial textile materials, fiber yarns, and apparels. The automotive segment accounted for a significant share of the Nylon 66 market in 2017. It is likely to continue to dominate the market during the forecast period. In terms of value and volume, the electrical & electronics segment is anticipated to expand at a rapid pace, followed by the automotive segment, between 2018 and 2026.
Nylon 66 is a major raw material required to manufacture engineering plastic components. Presently, prices of Nylon 66 are increasing, due to shortage in its supply led by low production. In China, availability of Nylon 66 is affected due to rise in the demand for alternative products such Nylon 6. Production of Nylon 66 in the U.S. was disrupted recently by Hurricane Harvey, which caused increase in imports and on-purpose production. Hurricane Harvey has disrupted several key feedstocks leading to force majeure announcements. Worldwide shortage of Nylon 66 is hampering the market, despite growth of the market in Asia Pacific to a certain extent. Prices of Nylon 66 are projected to increase in the second quarter of 2018, due to high demand for the material. Increase in imports and recovery of supply are likely to increase the demand for Nylon 66 by the end of 2018.
New Nylon 66 manufacturing plants have been established in China. China plans to expand its overall capacity as a result of sudden increase in the demand from automotive and industrial apparels sector. Major manufacturers of raw materials from Europe such as BASF SE and INVISTA are establishing new Nylon 66 compounding plants in China. DuPont increased its production capacity for Nylon 66 and Nylon 6 by 20% in 2016.
North America dominated the global Nylon 66 market, holding more than 40% share in 2017. It was followed by Asia Pacific and Europe. The U.S. constituted a key share of the Nylon 66 market, in terms of volume and revenue, in 2017. It is likely to continue to dominate the market across all regions during the forecast period. Presence of leading manufacturers of Nylon 66 and Nylon 6 and increase in the demand for lightweight and high-temperature-resistant engineering plastics for use in automotive and electrical & electronics applications are driving the demand for Nylon 66 in the U.S. The Nylon 66 markets in North America, Europe, and Asia Pacific are expected to expand at a high CAGR during the forecast period. The markets in Latin America and Middle East & Africa are projected to expand at a sluggish pace during the forecast period.
The report comprises profiles of major companies operating in the global Nylon 66 market. Key players operating in this market include BASF SE, UBE INDUSTRIES, Ltd., Ascend Performance Materials, LANXESS, Ensinger, RadiciGroup, Royal DSM, Asahi Kasei Corporation, DowDuPont, EMS-GRIVORY, and CELANESE CORPORATION. Market players are focused on strategic acquisitions and mergers and partnerships for relocation and consolidation of supply chains for Nylon 66. In 2015, Royal DSM secured the global supply for its engineering plastic division through long-term delivery contracts with Chemicalnavest. Ascend Performance Materials, a U.S.-based Nylon 66 manufacturer, entered into a strategic partnership with Royal DSM in 2016.
Nylon 66 Market - Overview
Nylon 66 is a major type of Nylon or polyamide resins, which is popular due to its durability, ductility, high strength, and resistance to high temperatures. It is used for producing engineering thermoplastic compounds and fiber yarns. Nylon 66 is extensively utilized in metal replacement applications.
Nylon synthesized by poly-condensation of hexamethylenediamine and adipic acid yields Nylon 66. Nylon 66 has higher heat resistance and superior mechanical properties compared to Nylon 6. It can be reinforced with impact modifiers, fibers, internal lubricants, and fillers to improve its physical properties such as stiffness, ductility, strength, friction properties, and wear resistance. Nylon 66 is widely used in various machine parts, tires, ball-bearing cages, carpet fibers, electro-insulating materials, pipes, conveyor belts, airbags, ropes, and apparels. Good appearance, high resistance to temperature and chemicals, processing flexibility, and toughness make Nylon 66 suitable for several engineering applications. Nylon 66 is extensively used in applications such as industrial, automotive, consumer goods, and electronics & electrical.
Among grades, the resin grade segment is anticipated to expand at a significant pace during the forecast period. Resin-grade Nylon 66 enhances performance characteristics of glass fibers, which makes them suitable for producing lightweight components of car engines and electric components.
Among applications, the automotive segment held a major share of the market in 2017. This trend is likely to continue during the forecast period. Moreover, the electrical & electronics segment is projected to expand at a significant CAGR between 2018 and 2026, due to high demand for Nylon 66 in connector manufacturing.
In 2016, BASF and ContiTech Vibration Control developed A3WG10 CR, a specialty Nylon 66 filled with 30% of glass fiber, which was optimized to sustain high mechanical load. It was used to manufacture the world’s first plastic transmission crossbeam in the rear-axle sub-frame of the Mercedez-Benz S-Class model.
In terms of value and volume, North America held a significant share of the global Nylon 66 market in 2017. The region is expected to continue its dominance during the forecast period. The U.S. is a highly lucrative market for Nylon 66 in North America. Worldwide increase in car production is projected to propel the global Nylon 66 market. The automotive sector in North America is also expanding at a significant pace, which is anticipated to offer lucrative opportunities to the Nylon 66 market in the region in the next few years. Market share held by Asia Pacific is expected to increase during the forecast period. The Nylon 66 market in Europe is likely to expand at a significant pace in the near future. The markets in Latin America and Middle East & Africa are likely to expand at a sluggish pace during the forecast period.
This report analyzes and forecasts the market for Nylon 66 at the global and regional levels. The market has been forecast in terms of revenue (US$ Mn) and volume (kilo tons) for the period from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints for the global Nylon 66 market. It also covers the anticipated impact of these drivers and restraints on the demand for Nylon 66 during the forecast period. The report also highlights opportunities in the Nylon 66 market at the global and regional levels. The report provides detailed profiling of Nylon 66 manufacturers along with the competition matrix.
The report comprises detailed value chain analysis, which provides a comprehensive view of the global Nylon 66 market. The Porter’s Five Forces model for the Nylon 66 market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein grade and application segments have been benchmarked based on their market size, growth rate, and attractiveness. The study also includes pricing analysis based on grade and region.
The report provides a decisive study of the global Nylon 66 market by segmenting it in terms of grade and application. In terms of grade, the market has been divided into fiber grade and resin grade. In terms of application, the Nylon 66 market has been segregated into textile, industrial, carpets, automotive, electrical & electronics, consumer goods & appliances, packaging, films & coatings, and others (wires & cables, etc.). These segments have been analyzed based on the present and future trends. Regional segmentation includes current and forecast demand for Nylon 66 in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual market size of the Nylon 66 market for 2017 and the estimated market size for 2018 with forecast for the next eight years. The global Nylon 66 market has been provided in terms of revenue (US$ Mn) and volume (kilo tons). The market size has been provided for the global, regional, and country-level markets.
The report comprises profiles of major companies operating in the global Nylon 66 market. Key players operating in the Nylon 66 market are BASF SE, UBE INDUSTRIES, Ltd., Ascend Performance Materials, LANXESS, Ensinger, RadiciGroup, Royal DSM, Asahi Kasei Corporation, DowDuPont, EMS-GRIVORY, and CELANESE CORPORATION.
Global Nylon 66 Market, by Grade [Volume (Kilo Tons); Revenue (US$ Mn); 2017–2026]
- Fiber Grade
- Resin Grade
Global Nylon 66 Market, by Application [Volume (Kilo Tons); Revenue (US$ Mn); 2017–2026]
- Consumer Goods & Appliances
- Electrical & Electronics
- Films & Coatings
- Others (Wires & Cables, etc.)
Global Nylon 66 Market, by Region [Volume (Kilo Tons); Revenue (US$ Mn); 2017–2026]
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA