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Global Nylon 66 market to reach $6 billion by 2026

July 20th, 2018 / By: / Industry News

The global Nylon 66 market is projected to expand at a CAGR of 3 percent from 2018 to 2026 and reach more than 4.0 million tons, in terms of volume, by 2026, according to a report by Transparency Market Research (TMR). The new report, “Nylon 66 Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026,” discusses how he global Nylon 66 market is driven by growth in the automotive and electronics industries.

In terms of volume, the Nylon 66 market in North America is estimated to expand at a CAGR of 2.8 percent during the forecast period, due to presence of a large number of manufacturers of polyamide resins in the region. Among grades, the resin grade segment accounted for a significant share of the global Nylon 66 market in 2017. High demand for resin-grade Nylon 66 in the electrical and electronics industry drives the market

Based on grade, the Nylon 66 market has been divided into fiber grade and resin grade. Nylon 66 is extensively used for the manufacture of electrical and electronic components. It has high strength and rigidity, excellent resistance to chemicals, inherent flame resistance and excellent resistance to tracking an electric path, excellent dielectric strength, and volume/surface resistivity. This makes it an ideal insulating material with superior thermal endurance for use in high-temperature applications.

Resin-grade Nylon 66 products are used in engineering plastics for car interiors and engine components. Nylon 66 fiber yarns are employed for car interiors and airbags.