AWJC report highlights nylon growth in China

Published: March 22, 2013 1:54 pm ET
Updated: March 22, 2013 1:57 pm ET

Related to this story

Topics Materials, Materials Suppliers, China

WORCESTER, ENGLAND — Both demand and supply of nylon compounds in China continues to rise, according to a new study released by England’s AWJ Consulting. The report primarily focuses on nylon 6, nylon 6/6 and high-temperature nylons.

Demand for nylon compounds in China reached 894,500 metric tons in 2012 and is forecast to grow at an average 7.5 percent during the next five years. This would call for a 2017 market demand of nearly 1.3 million metric tons.

In the last three years, China’s nylon market growth has averaged 11.2 percent. In 2012, demand in China rose 6.2 percent. Automotive applications rose an estimated 9 percent, while the electrical industry saw 3-4 percent gains.

With China has a large number of nylon suppliers and a diverse and a relatively fragmented processing sector, the supply structure is evolving.

Five years ago, China relied heavily on imports, with 65 percent of nylon 6 polymer and 86 percent of nylon 6/6 brought in from other countries. DSM is making local strides in nylon 6 polymer development and Shenma is leading nylon 6/6 production.

Today, the top 10 players in independent nylon compound production include Dongguan Epone Engineering Plastic Co. Ltd., Kingfa Sci. & Tech. Co. Ltd., Harbin Xinda Macromolecule Material Co. Ltd., Tospo Engineering Plastics Co. Ltd., Zhejiang Juner New Materials Co. Ltd., Shandong Dawn Engineering Plastic Co. Ltd., NanJing Julong Engineering Plastics Co. LTD, Polymer Science (Shenzhen) New Materials Co. Ltd., Shanghai Nytex Composite Products Co. Ltd. and Zhejiang Yongxing Plastic Co. Ltd.

For more details visit awjconsulting.com.


Comments

AWJC report highlights nylon growth in China

Published: March 22, 2013 1:54 pm ET
Updated: March 22, 2013 1:57 pm ET

Post Your Comments


Back to story


More stories

Image

PolyOne opens new plant in India

September 23, 2014 3:11 pm ET

North American compounding leader PolyOne Corp. has opened a new plant in Pune, India.    More

Image

Toy maker, supplier in settlement talks

September 23, 2014 2:31 pm ET

Taiwan-based toy manufacturer Sales Chief Enterprise Co. Ltd. and U.S.-based toy vendor Redman & Associates LLC are attempting to resolve a contract...    More

Image

Chinese mold makers say they don't worry about reshoring trends

September 23, 2014 12:05 pm ET

Reshoring may be a hot topic in U.S. manufacturing circles, but the mid-level and small players putting in appearances at this year's AsiaMold in...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Image

3-D printing specialist aims at better materials, faster equipment

September 19, 2014 2:07 pm ET

An exception in the crowded field of boutique vendors and agents at this year's AsiaMold show was Changsha-based Hunan Farsoon Hi-tech Co. Ltd., whose...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events