Press release
Global Nylon Resins Market to Witness a Pronounce Growth During 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global Nylon Resins market.Nylon resin, also known as polyamide resin, is a type of engineering thermoplastic synthesized from adiponitrile, hexamethylene diamine, adipic acid etc. They can be melting processed into fibres, films or shapes. For the purpose of producing a variety of products for industrial use, such as automotive-engine covers/housings, cable insulation and jacketing, electrical & electronic plastics, electrical encapsulation materials, electrical insulation polymers etc.
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Global Nylon Resins Market: Forecast by Type / Application / Region
There are many types of nylons commercially available. The versatility of nylon makes it one of the most widely used engineering thermoplastics. Commercial nylons include nylon 6, nylon 4/6, nylon 6/6, nylon 6/10, nylon 6/12, nylon 11 and nylon 12. In the U.S., the majority of resin produced is nylon 66, which is most often used in the production of extruded and molded parts. Some Western European countries, and most notably Japan, lead in the world’s production of nylon 6, which is primarily used to make fibers and filaments.
Nylon resins mainly application in automotive-engine covers/housings, cable insulation and jacketing, electrical & electronic plastics, electrical encapsulation materials, electrical insulation polymers etc. Wide range of downstream applications, the demand increases year by year
Nylon resins product demand market there is also a certain space, but basically showing the scarcity of high-end products, low-end products, excess capacity, there is a large market demand for high-end products to seize market share of imports acts, local enterprises export more low-end products overcapacity or molding process basic Materials.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.
Along with the development of Chinese domestic Industrial Naphthalene, Chinese domestic nylon resins have been very mature and advanced, and the performance distance has been shortening compared with the imported nylon resins.
As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese nylon resins industry is not only begin to transit to high-end nylon resins products, while still extend in the resource-rich land and downstream industry chain.
Although sales of nylon resins brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the nylon resins field.
Over the next five years, LPI(LP Information) projects that Nylon Resins will register a -1.2% CAGR in terms of revenue, reach US$ 19000 million by 2023, from US$ 20500 million in 2017.
Global Nylon Resins Market: Key Players
Invista
Basf
DSM
Ascend
Rhodia
Dupont
FCFC
Libolon
UBE Ind
Zigsheng
Honeywell
Hyosung
Lanxess
EMS
Domo Chem
Shaw Industries
Chainlon
Toray
Radici Group
Khimvolokno
Arkema
Asahi Kasei
KuibyshevAzot
Shenma Group
Meida Nylon
Jinjiang Tech
Liheng Tech
Changan Gaofenzi
Baling Shihua
JUNMA TYRE CORD
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Related Information:
United States Nylon Resins Market Research Report 2018
Europe Nylon Resins Market Research Report 2018
North America Nylon Resins Market Research Report 2018
Asia-Pacific Nylon Resins Market Research Report 2018
China Nylon Resins Market Research Report 2018
EMEA Nylon Resins Market Research Report 2018
Global Nylon Resins Market Research Report 2018
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