Nylon 66 is one of the oldest plastics used for engineering applications. Nylon 66 is stiffer and tougher but more brittle polyamide. Chemical properties of nylon 66 does not allow it to be affected by solvents such as water and alcohol. Nylon 66 is used in manufacturing of parachutes, owing to its light weight property. Nylon 66 being waterproof in nature is used to make machine parts.
Rising demand for nylon 66 in automotive industries owing to its excellent mechanical properties is driving growth of the global nylon 66 market. In addition, growing demand for nylon 66 in various applications such as airbags, carpets, and ropes is fueling growth of the target market. However, increasing pollution associated with use of nylon 66 is limiting growth of the global market.
The global nylon 66 market has been segmented on basis of grade, application, and region. On the basis of grade, the target market is segmented into fiber grade and resin grade. On the basis of application global nylon 66 market is segmented into textiles, industrial/machinery, carpets, automotive, consumer goods and appliances, electrical and electronics, packaging, films and coatings, and others that includes wires and cables. Automotive segment dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period owing to growing demand for nylon 66 based plastics that used into automotive sector.
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Based upon region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in North America has been estimated as highest market share in the global nylon 66 market in terms of revenue owing to rising demand for nylon 66 as raw material in manufacturing of lightweight and high-temperature-resistant engineering plastics used in automotive industries. The markets in Asia Pacific and Europe are expected to register fastest growth over the forecast period, owing to rising demand for nylon 66 in various end-user industries such as electronics and electrical. The markets in Latin America and Middle East & Africa are expected to expand at a sluggish pace over the forecast period.
Key players operating in the global nylon 66 market include BASF SE, Ube Industries, Ltd., Ascend Performance Materials LLC, LANXESS Corporation, Ensinger Inc., RadiciGroup SpA, Koninklijke DSM N.V. (Royal DSM), Asahi Kasei Corporation, DowDuPont Inc., and EMS-GRIVORY.