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PA66 (Nylon 66) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23200
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PA66 (Nylon 66) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| PA66 (Nylon 66) | Chemical | China | 7500 USD/MT |
In the fourth quarter of 2023, the price of the PA66 (nylon 66) in China reached 7500 USD/MT by December. The market witnessed a stumble in price trends due to significant demand from the automotive and polymer industries, with government initiatives further bolstering industry momentum.
PA66 (Nylon 66) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “PA66 (Nylon 66) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of PA66 (nylon 66) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of PA66 (nylon 66) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing PA66 (nylon 66) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
PA66 (Nylon 66) Market Analysis
The global PA66 (nylon 66) market size reached 1463 Tons in 2023. By 2032, IMARC Group expects the market to reach 2193 Tons, at a projected CAGR of 4.60% during 2023-2032.
- The extensive use of PA66 in the automotive sector for components, such as engine covers, radiator end tanks, and air intake manifolds, is propelling the market growth. This is attributed to PA66’s high mechanical strength, thermal stability, and resistance to chemicals and wear. Additionally, the demand for lightweight vehicles to improve fuel efficiency further boosts demand. India is the world's largest manufacturer of two-wheelers, with over 21 Mn produced annually. India is the world's largest manufacturer of tractors. World's third-largest heavy truck manufacturer and 4th largest car manufacturer. According to IBEF, In January 2024, the total passenger vehicle sales reached 3,93,074. Passenger vehicles saw the highest ever sales in the month of January posting a growth of 14% compared to January 2023. In FY23, total automobile exports from India stood at 47,61,487.
- The growing electronics industry, along with the excellent properties and flame retardancy of PA66, makes it ideal for electrical connectors, circuit breakers, and housings, which is further contributing to the growth of the market. According to the data from Invest India, currently, the electronics market in India is valued at $155 billion with domestic production accounting for 65%. The country's electronics export is expected to reach $120 billion by FY26. During April 2023-February 2024, electronic goods exports were recorded at $25.60 billion as compared to $20.69 billion during April 2022-February 2023, registering a growth of 23.72%. Domestic production of electronics is valued at $101 billion in FY 23 and is segmented (basis FY22 data) as mobile phones (43%), IT hardware (5%), consumer electronics (12%), strategic electronics (5%), industrial electronics (12%), wearables & hearables (0.3%), PCBA (0.7%), auto electronics (8%), LED lighting (3%), and electronic components (11%).
- The increasing use of nylon66 in different consumer products, such as textiles, sportswear, and appliances, due to its strength, flexibility, and resistance to abrasion is facilitating the growth of the market.
PA66 (Nylon 66) News
The report covers the latest developments, updates, and trends impacting the global PA66 (nylon 66) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in PA66 (nylon 66) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the PA66 (nylon 66) price trend.
Latest developments in the PA66 (nylon 66) industry:
- In March 2024, Toray Advanced Composites, a leader in developing and producing advanced thermoplastic and thermoset composite materials, introduced a new product, Toray Cetex TC915 PA+ into its extensive portfolio. Toray Cetex TC915 PA+ is excellent for sporting goods, high-performance industrial applications, automotive structures, energy (oil/gas & hydrogen), urban air mobility (UAM), and unmanned aerial systems (UAS) applications.
- In July 2023, Braskem S.A. announced that it concluded a 30% increase in the production capacity of its bio-based ethylene plant, located in the Petrochemical Complex of Triunfo, Rio Grande do Sul, Brazil. The US$ 87 million investment aims to meet the growing global demand for sustainable products.
Product Description
PA66, or nylon 66, refers to a type of polyamide made from exam methylene diamine and adipic acid. This synthetic polymer is extensively known for its high mechanical strength, excellent thermal resistance, and good chemical stability. It exhibits superior durability, making it ideal for applications requiring high wear and abrasion resistance, including automotive parts, industrial machinery components, and consumer goods such as sportswear and textiles. The high melting point and rigidity of nylon 66 make it suitable for high-temperature environments, while its good impact resistance and toughness ensure long-lasting performance under stress. It is employed in the electrical and electronics industry owing to its excellent insulating properties and flame retardancy. The material can be processed through several methods such as injection molding, extrusion, and blow molding, providing versatility in manufacturing complex shapes and designs.
Regional Coverage
The report provides a detailed analysis of the PA66 (nylon 66) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the PA66 (nylon 66) price trend.
Global PA66 (Nylon 66) Price
The report offers a holistic view of the global PA66 (nylon 66) pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe PA66 (Nylon 66) Price
During the fourth quarter of 2023, the PA66 market in Europe experienced an increase, coinciding with heightened market momentum in adjacent industries including PA6 I'm filament yarns. The smooth operations were driven by favorable consumer and investor sentiment leading to an increase in new orders from downstream textile and related sectors. The market trend was further supported by the rise in investments and expansion of manufacturing activities by the demand for PA66.
This analysis can be extended to include detailed PA66 (nylon 66) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America PA66 (Nylon 66) Price
During the fourth quarter of 2023, the PA66 market in North America remains optimistic despite a lack of significant appreciation in its market dynamics. However, there was a marked improvement in momentum within end-user industries and consumer spending, supporting the uptick in market activities. Moreover, with the decrease in production costs and a rise in demand for PA66, the traders seized the opportunity to build up inventories ahead of the anticipated price increases in the coming year.
Specific data on PA66 (nylon 66) prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa PA66 (Nylon 66) Price
The report explores the PA66 (nylon 66) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on PA66 (nylon 66) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific PA66 (Nylon 66) Price
During the fourth quarter of 2023, the PA66 market in Asia experienced a minor stumble in price trends owing to a downturn observed in the final month of the preceding quarters. However, contrary to traders' expectations, these trends gradually rose as the quarter progressed. This inclining trajectory was driven by significant demand from the automotive and polymer industries, with government initiatives, particularly in China, further boosting industry momentum. The traders also noticed a return in consumer confidence in the PA66 market as was evident in the number of sales of its derivative products.
This analysis can be further extended to include detailed PA66 (nylon 66) prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America PA66 (Nylon 66) Price
The analysis of PA66 (nylon 66) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | PA66 (Nylon 66) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of PA66 (nylon 66) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting PA66 (nylon 66) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the PA66 (nylon 66) industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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