PRN: Nylon 6 & 66 Market to Reach $41 Billion by 2025: Owing to the Increasing Focus on Fuel Efficient & Less Polluting Vehicles

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Nylon 6 & 66 Market to Reach $41 Billion by 2025: Owing to the Increasing Focus on Fuel Efficient & Less Polluting Vehicles

 
[21-August-2017]
 

DUBLIN, August 21, 2017 /PRNewswire/ --

The "Nylon 6 & 66 Market, 2014-2025" report has been added to Research and Markets' offering.

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The global nylon 6 & 66 market is expected to reach USD 41.13 billion by 2025, according to this new report.The market is expected to witness growth at 6.1% CAGR owing to increasing focus on fuel efficient and less polluting vehicles has forced the manufacturers to shift their focus from metals to plastics. Nylon being lightweight and heat resistant, has caught the attention of auto-manufacturers. Extensive demand from automotive industry is expected to trigger the nylon market growth.

Nylon 6 holds the largest consumption share in the total nylon resin market, with most of the demand being generated from the textile industry. However, there is an increasing trend of nylon 66 consumption from the engineering plastic industry which is rampantly using nylon 66 to manufacture plastic products, replacing PVC.

There has been a disruption in the supply chain of the nylon value chain, as raw material caprolactam was oversuppl! ied by the Asian manufacturers in the market. This trend had an adverse effect on the caprolactam prices resulting in shutdown of manufacturing units in North America and Europe.

Nylon 6 and 66 prices witnessed an increase in 2017 but are expected to hold stable in the forecasted years. Asia is predicted to hold a strong presence in the nylon 6 value chain while North America will successfully stabilize its nylon 66 capacity in the forecasted period.

Companies Mentioned

  • BASF SE
  • Lanxess AG
  • Huntsman Corporation
  • AdvanSix Inc.
  • Ube Industries, Ltd.
  • INVISTA S.A.R.L
  • Domo Chemicals
  • Toray Industries, Inc.
  • Ashley Polymers, Inc.
  • Ascend Performance Materials LLC
  • Hongwu International Group Ltd.
  • Goodfellow Group

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. Nylon 6 & 66 Market Variables, Trends, & Scope

4. Nylon 6 & 66 Market: Product Estimates & Trend Analysis

5. Nylon 6 & 66 Market: Application Estimates & Trend Analysis

6. Nylons 6 & 66 Market: Regional Estimates & Trend Analysis

7. Competitive Landscape

8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/83w658/nylon_6_and_66

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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