Chemical companies at home and abroad can strengthen the supply chain to deploy this material.

In view of the rapid development of China's economy, strong consumer demand for automobiles, and the trend of automobiles becoming energy-saving and environmentally friendly, nylon 66 engineering plastics, nylon 66 industrial yarns, and nylon 66 airbag yarns will have great development potential in the Chinese mark.

In terms of domestic nylon 66 supply chain devices, a new trend has been ushered in recently - the first complete industrial chain industrialized nylon 66 device in China is expected to be establish.

The first complete industrial chain industrialized nylon 66 plant in China is about to start

According to the earlier announcement of Zibo Qixiang Tengda Chemical .

This investment in the establishment of Tianchen Qixiang plans to build a nylon 66 new material industrial base with an annual output of 1 million to.

Foreign companies strengthen the layout of China's nylon 66 market

Due to the high technical barriers and investment thresholds of adiponitrile, the industry is highly oligopolistic, and currently the country mainly relies on impor.

At present, the global supply of adiponitrile is tight, and most of the production capacity is only used for the company's production of hexamethylene diamine and nylon 6 The main adiponitrile in the current market is mainly provided by INVIS.

Global nylon 66 consumption is mainly concentrated in China, reaching 23%, and the zero production capacity of raw materials leads to serious industrial chain mismat.

According to the statistics of Longzhong Information, due to the particularity of the raw material adiponitrile, the operating rate of nylon 66 in China has basically remained at the level of 60-70% in the past two years, and the import dependence is relatively high, of which the import dependence of nylon 66 in 2018 is about at 36

INVISTA spends US$1 billion to build its first adiponitrile plant in Shanghai

To this end, foreign companies have begun to deploy China's nylon 66 supply chain installations in recent yea.

Jeff Gentry, chairman and CEO of INVISTA, said: "Shanghai is very attractive to INVISTA and it would be very beneficial to integrate the new production site into the existing INVISTA hexamethylenediamine and polymer plants in the chemical zo.

In addition, at the 16th China International Caprolactam and Nylon Forum held at the end of last year, INVISTA also analyzed the key role played by China's ADN in the future nylon 6,6 fie.

Kyle Redinger, Chairman of INVISTA China Investments and Vice President of INVISTA Intermediates, delivered a speech titled "The Role of China's ADN in High Performance Nylon" and demonstrated INVISTA's role in the nylon 6,6 supply chain major commitme.

In addition to introducing the latest developments in ADN supply and demand, he also provided data on how high-tech performance nylon 6,6 is driving the development of various key areas such as automotive, electronic and electrical applicatio.

        Compared with existing technologies, INVISTA's latest ADN technology will help increase production capacity, reduce energy consumption, reduce exhaust emissions, improve processing stability and reduce cos.

        He also added: “We have been watching and watching the growth of nylon 6,6 demand and planning our capacity investmentaccording.

        In addition to investing more than $1 billion to build a new factory, INVISTA will invest $2 billion over the next 10 years to focus on the global supply of nylon 6,6 after the new factory is establish.

        Automobile is the main driving force of nylon 66 demand growth

        According to a research report by Research and Markets, the global nylon 6 and 66 market size is expected to reach USD 413 billion by 2025 and is expected to grow at a CAGR of

        The downstream fields of nylon 66 are mainly engineering plastics, auto parts, machinery, electrical parts, industrial yarn, civil yarn,e.

        Among them, the report shows that the strong development of the automotive industry is the main driving force for the growth of the nylon 66 mark.

        The report shows that the increasing focus on fuel efficiency and vehicle emissions reductions has prompted automakers to prefer lightweight plastics instead of metals in material selecti.

        Among them, nylon materials are favored by automakers for their light weight and heat resistan.

Extensive demand from the automotive industry is expected to stimulate the growth of the nylon resin mark.

        At present, nylon 6 resin occupies the largest consumption share of the overall nylon resin market, and most of the demand comes from the textile indust.

        However, the demand for nylon 66 is also increasing in the engineering plastics industry, which uses nylon 66 in large quantities to manufacture plastic products, which in turn replaces P.

        Demand for nylon in the automotive sector is estimated to reach $126 billion by 202 Its main driving force is the increasing use of nylon 66 in engineering plastics to replace traditional plasti.

        In Europe alone, consumption of nylon (6 and 66) resins is expected to reach 8 million tons by 202