Downstream buying which got affected due to lacklustre automotive demand showed gradual recovery in Q3, allowing some producers to ramp up their Nylon-6,6 production outputs. Players maintained a cautious stance amid looming market uncertainties as the number of cases resurge strongly in Europe, raising fears of the second coronavirus wave. Moving into September, buoyant demand for engineering plastics, helped in fetching high volume orders with sales figures outperforming September 2019 for some producers. Contract prices for industrial grade Nylon 6,6 oscillated between rollovers and decrease, settling around USD 4650-4670 per tonne NWE in September. However, market took off from the ground levels as Nylon consumption in textile applications gained strength for a number of household products backed by growing demand from the apparel sector for new seasonal collections ahead of Christmas and New Year.
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Polyamide are analyzed and region-wise demand pattern is tracked.
Polyamide (PA) is a class of polymers, which contain repeated amide groups (R—CO—NH—R’) as integral parts of the main polymer chain. Polyamide 6 and 66 (or Nylon 6 and 66) are the most common types of Polyamide holding commercial applications. PA 6 is based on Caprolactam (capro) while PA 6,6 is based on Adipic acid and Hexamethylene Diamine (HMDA). PA 6 and 66 are produced either in chips or resin form in uniform pellets which are further processed to serve two major applications: (1) fibers for textiles such as clothing and carpets or (2) engineering thermoplastics (ETP) used across electrical, electronics and automotive sectors. The fibers may also be directly produced from the molten polymer, instead of chip or resin production. Nylon 6,6 is a general-purpose extruded grade engineering resin, used in engineering plastics and industrial filament applications. Its key usage is in the car parts in the automotive sector. Nylon 6 is mainly used in fibre and engineering polymer applications. It is commonly used in apparel, carpets and home furnishings. PA 6 is manufactured by reacting capro with water in the presence of a molecular mass regulator, such as ethanoic acid followed by heating up to 500 Kelvin temperature. Nylon 6,6 is produced via polycondensation of HMDA (obtained from adiponitrile) and adipic acid (obtained from benzene) with water in a reactor to form a nylon salt.