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China to promote global nylon demand growth
According to the American Chemical Market Association (CMAI) forecast, strong demand for nylon 6 in China is driving the market for this engineering polymer. It is estimated that the global demand for nylon 6 will grow at an average annual rate of nearly 5% by 2015. The association said: "The global growth trend of nylon 6 has been formed in recent years mainly because finished product production has been transferred from North America and other regions to China, making Northeast Asia the largest nylon 6 consumer market." CMAI pointed out that in the financial During the crisis, to ease the impact of the economic downturn, the Chinese government introduced stimulus measures to boost domestic demand for durable goods. The association said: "China's demand for nylon 6 is growing much faster than capacity growth, causing China to import a large amount of nylon 6 from abroad." 6 CMAI said that the world's new production capacity is higher than the predicted global demand for nylon 6 " Slightly reduced. " It is estimated that this may increase the operating rate of the factory slightly in the next five years. It is predicted that from now until 2015, the global demand for nylon 66 engineering resins will grow at an average annual rate of nearly 6%. CMAI believes there will be a market for new capacity, but it depends on the availability of intermediate materials. In 2010, the global supply of nylon 66 was constrained by the supply of raw materials, including the Stock of butadiene and the production of various major intermediates. However, CMAI said demand for nylon 66 resin remained stable in 2010, with the gap between demand and capacity not as big as nylon 6.
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