Friedrichshafen, Germany — Radici Group is focused on new applications for its nylon resins, and officials don't seem concerned about a global shortage of feedstocks used to make nylon 6/6.
The Bergamo, Italy-based materials firm is enjoying double-digit sales growth so far in 2018, Davide Preti, the company's Nordic and Eastern European regional sales manager, said at an Oct. 17 press event. Erico Spini, global marketing manager, addressed new growth opportunities for the firm, which derives around half of its plastics sales from the automotive market.
For electric vehicles, Spini said that the introduction of hybrid and fully sized electric vehicles is creating opportunities for Radici's nylon 6/6, 6/10 and 6/12 materials to be used in recharger plugs, sockets and high-voltage system components.
Demand for electrical vehicles is expected to grow, especially in Europe, where new carbon dioxide emission standards will be in place by 2021.
In the water market, Spini said that global construction growth of 3 percent annually is lifting demand for Radici nylon resins in heating systems, fittings and water distribution and filtration uses. Plastic materials are looking to replace metal in these areas, with advantages of lower cost, no corrosion, better insulation properties and improved environmental impact, he added.
For appliances, Spini said Radici sees new applications in power module housings, while in the solar industry, its materials are being used in photovoltaic converter housings.
Overall, Spini said that Radici "wants to introduce more engineering plastic specialties" to compete with metal and with safety features to meet market needs.
"Industries are asking us not only to provide material to replace metal, but to make them more reliable and with a high level of safety," he said.