Transparency Market
Research Reports incorporated a definite business overview and investigation
inclines on " Nylon
66 Market ". This report likewise
incorporates more illumination about fundamental review of the business
including definitions, requisitions and worldwide business sector industry
structure.
Nylon 66 is a derivative of nylon synthesized by
polycondensation of hexamethyelenediamine and adipic acid. It has superior
mechanical properties and high heat resistance as compared to nylon 6. Nylon 66
can be reinforced with fillers, impact modifiers, fibers and internal
lubricants to improve its physical properties such as strength, stiffness,
ductility, friction properties and wear resistance. Nylon 66 is used for
electro-insulating material, various machine parts, ball bearing cages, pipes,
airbags, tires, ropes, conveyor belts, carpets fibers and apparel. End user
industries of nylon 66 include automotive, industrial, consumer goods and
electronics & electrical. Properties such as toughness, resistance to
chemicals and high temperature, good appearance and processing flexibility
makes nylon 66 suitable for various engineering applications.
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Growing demand from
increasing automotive applications is expected to drive the nylon 66 market. It
finds major application in automotive industry as it is used to replace metal
for reducing weight of the vehicle and meet vehicle emission standards.
Changing lifestyle and rising disposable income of consumer groups in
developing countries is driving the automotive industry growth. Emission
standards of vehicles and environmental regulations in developed countries of
Europe are driving the light weight vehicles market which in turn expected to
boost nylon 66 market. Further, growing demand from electrical & electronic
industry is expected to fuel the market growth. Electrical & electronic
forms the major application area of nylon 6-6 owing to processing flexibility
and other advantageous physical properties. Increasing demand for light weight,
high performance materials from growing population in developed as well as
developing countries is driving electrical and electronics market.
However, increase in cost
of production due to increase in raw material prices is expected to hamper the
market growth. In addition, there is a credible threat from bio-based nylon to
replace synthetic nylons as they produce less green house emissions and offer
potential cost reduction. Appliances market and raising other
applications of nylon 6-6 are expected to provide immense opportunities for the
players in this market. Other applications include medical applications,
consumer goods, and wind turbine blades. End product manufacturers,
manufacturing companies are infusing high investments in technology modifications
and future developments of nylon 6-6 derivatives to match the demands from
various end user industries.
North America was the
largest producer of nylon 66 however; Asia pacific was the largest consumer due
to various applications. China being the center of consumption in Asia pacific
region and its desire to become self sufficient, capacity additions are
aggressive in this region. Asia Pacific is expected to witness highest growth
rate in terms of production and consumption as compared to other regions. Growing
automotive and electrical & electronic industries are expected to drive the
nylon 66 market. North America and Europe are expected to show sluggish growth
as markets are matured and due to movement of manufacturing plants to lower
cost based countries such as China. The South East Asian, Latin American
nations and Eastern European countries are expected to experience higher growth
rates owing to increase in auto sales, growing electrical and electronics
industry, shifting preference of manufacturers from metals to nylon 66.
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More Research Report on Consumer Goods Market:
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This research report
analyzes this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Download PDF: Nylon 66 Market
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