The upstream and downstream industrial chains of nylon 66 are developing rapidly, and the industry has huge potential for future development.

Nylon 66, polyhexamethylene adipamide, is a thermoplastic resin produced by the condensation polymerization of adipic acid and hexamethylene diamine. It is soluble in resocresol, etc., and is insoluble in general solvents. Nylon 66 has the characteristics of high hardness, good toughness, good heat resistance, high mechanical strength, good fatigue resistance, strong pressure resistance, and high impact strength. It is currently the most used nylon category on the market. It is widely used in engineering plastics and mechanical accessories. , high-end clothing, chemicals, electronics, plastics, tires and other fields are widely used.

The upstream of the nylon 66 industry chain is acrylonitrile, butadiene, succinonitrile, ethylenediamine, pure benzene, cyclohexanol, adipic acid and other raw material suppliers; the midstream is Shenma Nylon Chemical, Huafeng Group, Jiuyuan High-tech Nylon 66 manufacturers such as Materials, Excellent Fiber Technology, Huayang Nylon, Xingjia Chemical, Invista, Ascend, Solvay, Asahi Kasei; downstream applications include machinery, automobiles, electronics, fibers, instrumentation and other applications.

From the upstream of the industrial chain, adiponitrile is an important raw material for nylon 66. It is a technology-intensive industry with high technical barriers. For a long time, domestic adiponitrile production capacity has been monopolized by leading foreign companies, resulting in a low operating rate and low degree of localization in the domestic nylon 66 market. However, in recent years, as local companies such as Huafeng Group, China National Chemical Corporation, and Qixiang Tengda have continued to make breakthroughs in key technologies, domestic production capacity of adiponitrile has continued to increase.

The continuous acceleration of the localization process of upstream raw materials has provided a good development foundation for the rapid growth of my country’s nylon 66 production capacity. In this context, according to the“2022-2026 Nylon 66 Industry In-depth Market Research and Investment Strategy Suggestions Report” Shows that domestic nylon 66 production in 2021 will be 395,000 tons, a year-on-year increase of 1.1%. It is expected that by 2023, its production will increase to 487,000 tons.

From the perspective of the middle reaches of the industrial chain, at this stage, my country’s nylon 66 industry is highly concentrated, and the competition pattern presents an oligopoly situation. Specifically, Henan Shenma Nylon is the company with the largest nylon 66 production capacity in my country. In 2021, its production capacity accounts for 50% of the total domestic nylon 66 production capacity; followed by Huafeng Group, accounting for 22% of the production capacity; Xingjia Chemical and Huafeng Group Yang Nylon ranks third, with a production capacity share of 10%. Leading local companies occupy a dominant position in the domestic nylon 66 market and have a high degree of localization.

From the downstream of the industrial chain, the field of automotive engineering plastics is currently the largest application market for nylon 66. In recent years, with the rapid development of the automotive industry, the domestic market demand for nylon 66 has continued to increase. In 2021, the demand for nylon 66 for engineering plastics will account for the largest share of domestic nylon 66The total demand reaches 60%.

Industry analysts personnel said that at this stage, the localization process of raw materials in the upstream of my country’s nylon 66 industry chain is accelerating, and the production capacity of local enterprises in the midstream is constantly increasing. Against the background of expansion and continued growth in downstream demand, its output continues to increase, and the industry development prospects are good. In the future, as the domestic automobile lightweight development trend continues to rise and national living standards continue to improve, the market demand for nylon 66 in the field of engineering plastics and chemical fibers will continue to increase, and the industry has huge development potential.