China Polyamide Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Type, End Use, Distribution Channel, Region, Competition, Trade, Market Analysis, 2015-2030

Format: Online | Last Updated: Aug 2020

[Online Quarterly Update] China Polyamide (Nylon) market has witnessed significant growth over the last five years and is estimated to grow at a CAGR of 8% during the forecast period. Nylon is majorly available in two forms: Polyamide 6 (PA 6) and Polyamide 6,6 (PA 66). While Polyamide 6 is produced from caprolactam, Polyamide 6,6, is made via the polycondensation of adipic acid and hexamethylene diamine (HMDA) and is much expensive than the former. Because PA 6 is less expensive than PA 66 and in many applications the latter can be substituted by the former, there are chances that PA 6 market tends to overpower the market for PA 66. However, owing to better chemical resistance and greater tendency to absorb moisture and expand, PA 66 is likely to keep a hold on several important end uses. For example, PA 6 might not work in cable ties, which have to secure wires tightly in fragile environment like damp conditions.
It is estimated that by 2025, China will account for nearly one-third of the world’s Nylon Resin consumption with more than half of the global Polyamide capacity as it continues to add new capacities. China is one of the leading producers and consumers of nylon 6 across the globe, and robust demand from textile fiber market will further augment its market growth in the next five years. While majority of the Nylon 6 produced in China is utilized in textiles fibers due to its smooth texture and fine deniers, a large part of Chinese Nylon 6,6 is injection molded into tough plastic parts and is used in making engineering plastics for serving varied industries such as electrical, electronics and automotive. It is often used in gears, bushings, and plastic bearings because of its low-friction properties. Moreover, there has been a great surge in demand for PA-based industrial filament from the tyre and airbag industries, with booming car production in the country. 
 
Prolonged supply-chain disruptions and an unprecedented slump in the automobile and textile sectors due to COVID-19 outbreak hard hit the Nylon consumption patterns across several parts of globe. Curtailed operations across downstream manufacturing units have forced Chinese Polyamide producers to reduce their offers for Nylon chip rates. Moreover, decline in exports of nylon fibers and apparels have further weighed over the China’s Polyamide market in the first half of the current fiscal. Volatile foreign exchange rates and shift in consumption trends further heightened the Nylon market worries.
 
However, with gradual reopening of several export markets and restart of downstream sectors, Chinese Polyamide players are anticipating demand to pick up by the late October.
 
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020 
Estimated Year: 2021
Forecast Period: 2022 – 2030
 
Objective of the Study: 
• The primary objective of the study was to evaluate and forecast Polyamide capacity, production, demand, inventory, and demand – supply gap in China.  
• To categorize Polyamide demand based on type, end use, region and sales channel. 
• To study trade dynamics and company share in China Polyamide market. 
• To identify major customers of Polyamide in China.
• To evaluate and forecast Polyamide pricing by grade in China Polyamide market.
• To identify and profile major companies operating in China Polyamide market.
• To identify major news, deals and expansion plans in China Polyamide market.
 
Some of the major players operating in China Polyamide market are Fujian Shenyuan New Materials Company Limited, Shenma Industrial Co. Ltd., Invista, DuPont, Huafon Group, Ascend Performance Materials, Rhodia Polyamide, Nilit Nylon Technologies, Jiangsu Huayang Nylon Co. Ltd., Xingjia (including Anshan Guorui), Asahi Kasei Corporation etc. Massive Polyamide and feedstock capacity additions in China have further contributed to the country’s identity as the main Nylon market driver across the globe. Invista Nylon Chemicals (China) has recently started construction of its $1 bn Adiponitrile (ADN) plant at Shanghai Chemical Industry Park (SCIP). The 400 KTPA ADN unit has been set up to cater to the growing demand for Nylon 6,6 chemical intermediates in China and the entire Asia Pacific region.
 
 
Exports of Nylon chips prices slid nearly by 20 per cent in FY20 and Polyamide 6 and 66 yearly prices were assessed at USD XXX per MT on bulk contract basis. Polyamide prices in China hovered between $1100-1200 per tonne CFR China in May and June this year on the back of weak caprolactam which tumbled to record lows with a free fall in crude values. However, with downstream sectors restarting their production activities, several Chinese players are expecting prices to rebound in the month of October.
 
To extract data for China Polyamide market, primary research surveys were conducted with Polyamide manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for China Polyamide market over the coming years. 
 
ChemAnalyst calculated demand for Polyamide in China by analyzing the historical data and demand forecast was carried out considering crude oil prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
• Polyamide manufacturers and other stakeholders
• Organizations, forums and alliances related to Polyamide distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Polyamide manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
 
Report Scope:
In this report, the China Polyamide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Type
Polyamide 6, Polyamide 66
Market, by End Use
Textile Filament, Engineering Plastics, High Tenacity Filament, Cable Tie, Airbag and Others 
Market, by Distribution Channel
Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region
North, South, East, West

 

Competitive Landscape
 
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.
 
Available Customizations:
 
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. 
In case you can’t find what, you are looking for then please get in touch with our custom research team at sales@chemanalyst.com

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