Study says Europe's nylon industry facing challenging future

EUROPEAN PLASTICS NEWS

Published: April 4, 2014 9:18 am ET
Updated: April 4, 2014 9:20 am ET

Related to this story

Topics Materials Nylon 6/6 Materials Suppliers Europe
Companies & Associations

Germany’s PCI Nylon, which was set up by market research group PCI to study the global nylon market, has released a report stating that the European nylon market faces a challenging environment.

PCI Nylon, based in Oberusel, Germany, says that the global industry is in the middle of an investment spurt, set to continue in 2014, with most of it centered on China. However, the company points out, this growth could lead to problems for the European companies which have been increasing sales for their businesses by selling ever-increasing amounts of polymers to Asia.

PCI Nylon predicts that as China becomes more and more self-sufficient, the export market will decrease for Europe, and companies will be forced to turn to domestic business, resulting in over-capacity and high competition.     

The research company says that while on the surface this looks good for nylon buyers, in reality it would result in value leaking out of the production chain as companies compete for the market share.

An example of this already occurring is with nylon 6 polymer, PCI Nylon says, which has seen its price revert back to the level it was at in 2006-07, but with oil now representing 28 percent of its cost instead of 18 percent. This means that while some in the production chain have been able to pass on the increased cost,s many others have been unable to do so.

This has particularly left European caprolactam producers in a very vulnerable position, says PCI Nylon. 

PCI Nylon was formed in 2004 to look at the worldwide nylon industry as an integrated whole.


Comments

Study says Europe's nylon industry facing challenging future

EUROPEAN PLASTICS NEWS

Published: April 4, 2014 9:18 am ET
Updated: April 4, 2014 9:20 am ET

Post Your Comments


Back to story


More stories

Image

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Study suggests infants at lower risk from BPA exposure than expected

April 23, 2015 4:58 pm ET

A new study shows that newborn babies may have less risk from bisphenol A exposure than originally thought.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

SiVance opens new R&D lab

April 23, 2015 12:07 pm ET

Milliken & Co. unit SiVance LLC has opened a new research and development lab for silicone and silane technologies in Gainesville, Fla.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

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

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events