Global nylon 6 market is expected to witness significant market growth on account of widespread use in textiles, electronics and packaging industry. Transition towards eco friendly and fuel efficient automobiles has encouraged use of nylon 6 in automobiles which is further expected to trigger market demand in coming seven years.
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Automotive industry emerged as largest application segment for nylon 6 owing to its unique properties such as high elasticity and tenacity. Nylon 6 has vast market opportunity on account of unique properties such as high tensile strength, excellent luster, high elasticity, and enhanced tenacity making them ideally suited for use in automotives, wires, industrial yarns, cables and niche applications such as musical instruments, surgical suture, fishing instruments and lysine synthesis. Rising demand for electronics and electrical products is further anticipated to augment nylon 6 markets over coming seven years.
Rapid industrial development to increase production capacity is further anticipated to open new avenues for nylon 6 market over the projected period. Key players dominating the nylon 6 market include BASF SE, Honeywell, Shaw Industries, Formosa, LIBOLON and Royal DSM N.V. Honeywell Aegis nylon 6 resins are available in variety of viscosities and additive packages to meet exact manufacturing needs. The nylon 6 resins find application in food and consumer packaging, carpet fibers, molded plastics used in cars and fishing nets.
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Aegis nylon 6 wire and cable jacket resin is a wiring component that provides high level of protection in application such as building wires and automotive cables. It is designed to withstand chemical and physical damage during installation and throughout the service life of wire. In India, Gujarat State Fertilizers and Chemicals Ltd. is involved in manufacture and supply of nylon 6 in precision engineering components, components for textiles, railway, defense and automobile industries, components for appliances and consumer goods, monofilaments, rods and pipes, profiles and strapping.
LIBOLON a niche player in the nylon 6 industry starts with nylon chips to produce recycled yarn and engineering plastics. The company processes recyclable plastic material into recycled nylon textured yarn to create high quality, sustainable flame retardant nylon textile and engineering plastics.
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