PA6 (Nylon 6) Prices

PA6 (Nylon 6) Prices December 2023

The price trend for PA6 (nylon 6) in China for Q4 2023, reached 7493 USD/MT in December. The market witnessed fluctuating prices, driven by changes in crude oil costs and varying demand levels. Early inventory build-ups caused prices to decline, but a revival in demand towards the end of the year led to a noticeable increase, reflecting the overall resilience of the Chinese market amidst global shifts.

PA6 (Nylon 6) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “PA6 (Nylon 6) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of PA6 (nylon 6) 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 price of PA6 (nylon 6) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of PA6 (nylon 6) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing PA6 (nylon 6) 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.

PA6 (Nylon 6) Market Analysis

The global PA6 (nylon 6) market size reached US$ 6.53 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 9.57 Billion, at a projected CAGR of 4.33% during 2023-2032.

• The rising demand in the automotive industry significantly boosts PA6 (Nylon 6) market. PA6 is generally used in manufacturing critical automotive components like air intake manifolds, engine covers. and various under the hood parts because of its high strength, durability, and excellent thermal resistance. These properties make it an ideal material for withstanding harsh engine environments and reducing vehicle weight, thereby improving the fuel efficiency. According to a report published by ACEA, in 2023, global car sales rebounded, reaching 72 million units with a 10% increase from previous year. European sales grew by 18.6% mainly driven by Russia, Ukraine, and Turkey. North America remained consistent with 15% growth. South America’s sales remained stable led by Brazil's 9.2% increase. Japanese sales grew by 15.8% while South Korea saw a 5.2% increase. Chinese sales reached over 22 million units representing 31% of global sales and Indian sales reached 4.2 million units an 8.5% increase from previous year. As the global automotive production increases, the need for high performance materials like PA6 is on the rise, supporting its extensive application in the automotive sector.
• The increase in use of PA6 (nylon 6) in the electrical and electronics industry is also propelling the market growth. PA6 is highly sought after for applications like connectors and circuit breakers because of its exceptional electrical insulation properties and inherent flame retardancy. These characteristics ensure safety and reliability in various electronic components, making PA6 a material of choice. The rapid expansion of electronics industry, which is mainly driven by rising consumer electronics demand and technological advancements, further fuels the PA6 market. As industries nowadays evolves, the need for durable, high-performance materials like PA6 continues to escalate, supporting its widespread adoption.
• The development of sustainable and recyclable PA6 (nylon 6) variance is significantly driving the market growth as industries nowadays are increasingly prioritizing environmental sustainability. Manufacturers are increasingly focusing on creating eco-friendly PA6 by incorporating recycled materials and enhancing recyclability without compromising the performance. For instance, Zara, an Inditex brand, has unveiled a jacket made entirely from loopamid, a PA6 (nylon 6) material made from 100% textile waste. By partnering with top manufacturing firms, Zara has embraced” design for recycling” strategy, guaranteeing that all components like fabrics, buttons, fillings, hook and loop and zipper are constructors from loopamid. This shift aligns with the global sustainability goals and the push for reduced carbon footprints. Companies nowadays are investing in advanced recycling technologies to produce high quality recycled PA6 which is used in various applications including automotive and electronics. The adoption of these materials helps industries to meet regulatory requirements and consumer demand for greener products thereby fostering the market growth.

PA6 (Nylon 6) News

The report covers the latest developments, updates, and trends impacting the global PA6 (nylon 6) 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 PA6 (nylon 6) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the PA6 (nylon 6) price trend.

Latest developments in the PA6 (nylon 6) industry:

• In 2024, BASF and Inditex made a significant advancement in textile recycling with loopamid, a circular nylon 6 derived entirely from textile waste. This innovation, with properties akin to conventional virgin polyamide, marks a milestone towards sustainability in the fashion industry. BASF aims to double its sales from circular economy solutions by 2030. The collaboration between BASF and Inditex aligns with ambitious sustainability goals.
• March 2023: Asahi Kasei Plastics North America (APNA) merged with Asahi Kasei Asaclean Americas (AKAC) on April 1, 2023, to enhance manufacturing services in advanced engineered polymers and purging compounds. This merger aims to streamline operations for customers in automotive, industrial, and consumer sectors, leveraging combined expertise and resources. APNA produces high-performance materials, including nylon 6 and 6/6, and aims to improve customer experience by offering integrated support and product solutions.

Product Description

PA6, also known as nylon 6, is a versatile synthetic polymer belonging to the polyamide family. It is widely recognized for its excellent mechanical properties, including high tensile strength, elasticity, and abrasion resistance. Unlike other nylons, PA6 is produced through the ring-opening polymerization of caprolactam, resulting in a material with a balanced combination of rigidity and flexibility. This makes it suitable for a wide range of applications, from automotive parts and industrial machinery to textiles and consumer goods. Its good thermal and chemical resistance further enhances its utility in demanding environments. Additionally, PA6 exhibits good processability, allowing it to be easily molded into various shapes and forms through injection molding, extrusion, and other manufacturing techniques. Its ability to be recycled and reused also contributes to its appeal in sustainable manufacturing practices. Overall, PA6's durability, versatility, and cost-effectiveness make it a popular choice in many industries.

Regional Coverage

The report provides a detailed analysis of the PA6 (nylon 6) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast 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 PA6 (nylon 6) price trend.

Global PA6 (Nylon 6) Price

The report offers a holistic view of the global PA6 (nylon 6) pricing trends in the form of PA6 (nylon 6) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into PA6 (nylon 6) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into PA6 (nylon 6) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed PA6 (nylon 6) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe PA6 (Nylon 6) Price

The Europe's nylon 6 market witnessed significant difficulties due to an oversupply and weak demand, which kept prices depressed. Even with higher crude oil prices, the market remained subdued for an extended period. It was only when inventories started to decline and supply became more constrained that nylon 6 prices began to recover. The market exhibited sluggish performance, with improvements becoming evident only as stock levels dropped and demand showed gradual signs of returning.

This analysis can be extended to include detailed PA6 (nylon 6) price information for a comprehensive list of countries.

North America PA6 (Nylon 6) Price

In North America, the Nylon 6 market showed similar patterns to those in Europe, with low activity and limited price movements. High inventory levels pressured suppliers to keep prices down to encourage sales and clear excess stock. The balance between supply and demand gradually improved, leading to a stabilization of prices. The market remained largely flat, reflecting a cautious approach from both suppliers and buyers throughout the period. Overall, the market reflected cautious sentiment with minimal price movements.

Specific PA6 (nylon 6) historical data within the United States and Canada can also be provided.

Middle East and Africa PA6 (Nylon 6) Price

The report explores the PA6 (nylon 6) 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 PA6 (nylon 6) prices for countries can also be provided.

Asia Pacific PA6 (Nylon 6) Price

In the Asia Pacific region, the PA6 (nylon 6) market gained momentum due to the rise in crude oil prices, influenced by OPEC+'s measures for stabilizing the oil market, led to increased production costs, especially as India and China lost their advantage from access to Russian oil. Despite these challenges, consistent demand from the fabric and fiber industries drove Nylon 6 prices upward. However, this upward trend was briefly interrupted when inventories began to build and oil prices stabilized. Following a temporary dip, the market quickly rebounded as demand increased again towards the year's end.

This PA6 (nylon 6) price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America PA6 (Nylon 6) Price

The analysis of PA6 (nylon 6) 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of PA6 (nylon 6) 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 PA6 (nylon 6) 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. The PA6 (nylon 6) price charts ensure our clients remain at the forefront of the industry.