Nylon Resins Market | IndustryARC.
Nylon Resins Market
Nylon Resins Market holds Nylon 6 and Nylon 66 as the most popular product types.
Also known by the name Polyamide Resin, Nylon Resin is a type of engineering thermoplastic synthesized from ethylenediamine. Consisting a family of Resins, Nylons are of various types; Nylon 6, Nylon 66, Caprolactam, Nylon 612, Nylon 12, Nylon 11. Nylon Resin is manufactured with a purpose of producing a variety of products for industrial uses like films, hot-melt adhesives, binders, insulation, fiberglass and filaments. Nylon Resins Market shall continue to grow owing to the high number of Nylon Resin Product Applications.
Global Nylon Resins Market has been noted to have Nylon 6, Nylon 66 and Caprolactam as the most important types in the resin family; primary focus on Nylon 6 and Nylon 66. They together accounted for more than 90% of the Global Nylon Resins Market. Consumption of nylon 6 is estimated to grow at about 7.5% while consumption of nylon 66 at a rate of 6% per year.
Sharp Brief on Products and Regions:
In the Nylon Resins Market, Nylon 6 is one type of resin that can be reinforced with minerals or glass fibers to improve strength and resist warping from extreme temperatures. China is the world’s largest producer of nylon 6, representing 32% of the total world production capacity and it is expected to grow at a 19.5% rate from 2014 to 2020. Overall growth in nylon 6 is driven by China's increasing demand and its desire to be more self-sufficient.
The Nylon Resins Market holds United States as the world's largest producer of Nylon 66, accounting for 41% of the total world capacity. Total world capacity for Nylon 66 is expected to increase by 10% from the capacity level in 2012. The U.S. is the world’s largest producer of Nylon 66, accounting for 40% of the total world production capacity and it is expected to increase by 10% between 2014 and 2020.
In terms of volume in the Nylon Resins Market, the demand for Caprolactam was around 3,580 kilo tons in 2012. Europe is the other major region where Caprolactam consumption was very strong and is expected to grow in demand with a CAGR of about 7 % in terms of volume during 2014-2020.
Nylon Resins Market report by IndustryARC analyzes more than 40 top key vendors in detail, from across the world with few of the top ones being:
· BASF SE
· DSM Company
· Lanxess Corporation
· Sumitomo Chemicals
· Ube Industries Ltd.
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