China helps drive world demand for nylon 6, says CMAI
Strong demand for nylon 6 in China is leading market growth for the engineering polymer, says Chemical Market Associates Inc (CMAI), which forecasts global demand to grow at an average annual rate of close to 5% up to 2015.
It said: “The growth of global nylon 6 demand has been shaped in recent years by the movement of finished goods production to China from North America and the other regions, such that Northeast Asia has become the largest nylon 6 consuming region.” CMAI noted that China minimized the effects of the recession through economic incentives aimed at stimulating domestic consumer demand for durable goods. “Demand growth in China has been much faster than nylon 6 capacity growth, increasing China’s reliance on a large volume of imported materials,” it said. Global demand for nylon 66 engineering resin is forecast to grow at an average rate of close to 6% per year up to 2015.