Domestic nylon 66 production capacity will be gradually released, and the industry has a broad consumer market

Nylon 66 is polyhexamethylene adipamide, industrial abbreviation of PA66. It is a translucent or opaque milky white crystalline polymer. It is insoluble in general solvents and only soluble in resocresol, etc. It has high mechanical strength and wear resistance. It has the characteristics of good performance, low friction coefficient and strong pressure resistance. It is one of the most widely used types of nylon.

The upstream of the nylon 66 industrial chain is the supply of chemical raw materials such as adiponitrile, adipic acid, hexamethylenediamine, and cyclohexanol; the midstream is the production and production of products; the downstream is widely used in automobiles, industrial yarns, electronic appliances, engineering plastics, Synthetic fibers, instrumentation and other fields. Among them, engineering plastics are the main application field of nylon 66, accounting for nearly 60% of the market, followed by industrial yarn, accounting for more than 30%.

Adiponitrile is one of the important raw materials for nylon 66. The industry has high technical barriers and global production capacity is highly concentrated. Invista Corporation of the United States, BASF of Germany, Ascend Corporation of the United States, and Asahi Kasei Corporation of Japan monopolize more than 88% of the global adiponitrile market share. my country’s adiponitrile is highly dependent on imported products, resulting in slow growth in nylon 66 production capacity. In recent years, Huafeng Group, China National Chemical and other companies have continued to increase their research and development efforts, gradually breaking foreign technology monopolies, promoting the localization of adiponitrile, and gradually releasing domestic nylon 66 production capacity.

According to the “2023-2027 Nylon 66 Industry In-depth Market Research and Investment Strategy Suggestions Report” released by the Industrial Research Center, with the my country’s economy continues to develop, the scale of industries such as automobiles and electronics manufacturing continues to expand, superimposed production technology continues to advance, and the industry’s operating rate continues to rise. In recent years, my country’s nylon 66 production has continued to grow driven by downstream demand, and the industry has a good development trend.

From the perspective of import and export trade, as my country’s production technology continues to advance, the level of localization of adiponitrile continues to improve, and new production capacity in the industry is gradually implemented. In recent years, the import volume of nylon 66 has shown a downward trend, and the export volume has gradually increased. The market has a strong demand for imported products. Dependence gradually decreases. my country’s nylon 66 imports have dropped from about 280,000 tons in 2020 to about 200,000 tons in 2022.

From the perspective of industry competition, there are currently a small number of domestic nylon 66 manufacturers and a high degree of industry concentration. Shenma Industrial Co., Ltd. is the leading company in the domestic nylon 66 industry, with a market share of more than 30%. The company’s industrial structure spans the two major industries of chemical industry and chemical fiber, and has formed nylon 66 salt and nylon 66 salt intermediate products, The new industrial structure is based on leading products such as engineering plastics and industrial yarns (cord fabrics) and is based on raw and auxiliary materials and related products.

Industry analysts said that with the continuous development of our country’s economy and the continuous improvement of national living standards, nylon 66 is used as an important material for jackets and high-end yoga clothes. Ideal materials will receive more and more attention from the market. As social infrastructure continues to improve and the trend of lightweight automobiles continues to emerge, the application of nylon 66 in automobiles, rail transit and other fields will become more widespread. The industry has a broad consumer market.