Prosperity of Industrialization to Drive Nylon 4-6 Market During 2017 - 2027
Nylon 4 6 is mainly used for applications that require high thermal stability and high tensile strength. Therefore, nylon 4 6 is used in the production of engineering materials such as heavy machinery. Nylon 4 6 can be use as fillers and reinforcement material to improve the physical characteristics of the product including stiffness, wear resistance and friction among others. Applications of nylon 4 6 include machine parts, tires, rope and apparel among others. Major end user industries of nylon 4 6 include electronics, automotive, consumer goods and construction among others. Machine parts dominate the global demand for nylon 4 6 and the trend is anticipated to continue during the forecast period. Automotives is anticipated to be the fastest growing end user segment for nylon 4 6 till the end of 2020.
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Nylon 4 6 offers high performance standards than nylon 6 and nylon 6 6 which has been the foremost factor driving global titanium dioxide market. Increasing demand for high performance plastics in the automotive segment is anticipated to be among foremost factors driving demand for nylon 4 6. The automotive industry has been reviving in Europe and North America. Moreover increasing disposable income in the emerging economies of Asia Pacific has been driving the automotive market in Asia Pacific. Furthermore, metal parts in automotives are been replace by high performance plastics. Therefore, high growth in automotive industry coupled with substitution of metal based parts with plastics is anticipated to be among major factors driving demand for nylon 4 6 for the next six years. Increasing demand for nylon 4 6 for electronics application also has been among foremost factors driving demand for nylon 4 6. Buyers indulge in long term agreement with manufacturers for customized solutions.
In 2013, North America dominated the global demand for nylon 4 6. Increasing demand from automotive segment has been among foremost factor driving demand for nylon 4 6 in North America and this trend is expected to continue during the forecast period. Asia Pacific was the second largest market for nylon 4 6 in 2013. Moreover, Asia Pacific is expected to be the fastest growing region for nylon 4 6 market over the forecast period. Increasing industrial investment and high GDP growth in the emerging economies of India and China is among foremost factors driving demand for nylon 4 6 in Asia Pacific. Developing economies in South America and Africa are anticipated to offer huge growth opportunity for global nylon 4 6 market.
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Some of the major manufacturers of nylon 4 6 include E. I. du Pont de Nemours and Company, Honeywell International Inc., Sabic Innovative Plastics LLC, Li Peng Enterprice Company Ltd., Asahi Kasei Corporation and Evonik Industries AG among others.
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