Nylon Engineering Resins (PA6/PA66) Market Prices, Forecasts, and Analysis

Market Update

July 2023

European PA6 and PA66 prices witnessed a substantial contraction in July, with PA66 prices experiencing a sharp decline due to overcoming historic resistance.

This downward trend was facilitated by lower costs, reflecting current industry conditions and market pressures.

Despite some stability in the automotive sector and lower inflation rates, a recovery this year appears uncertain.

The market faces an oversupply issue, exacerbated by competitive imports and decreased domestic demand.

The reduced operating rates, coupled with declining costs, have failed to offer a significant advantage due to intense market competition.

Prices are expected to continue falling, with a slight recovery anticipated by spring next year.

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Product Overview: Polyamide 6 (PA6) and Polyamide 66 (PA66)

Caprolactam polymerization forms Polyamide 6 (PA6), and adipic acid and hexamethylenediamine polymerization forms Polyamide 66 (PA66). These thermoplastic polymers exhibit excellent mechanical properties, chemical resistance, heat resistance, water absorption, and processing versatility.

Applications of PA6 and PA66

In the automotive industry, manufacturers use PA6 and PA66 for making fuel system components, air intake manifolds, coolant system parts, and exterior trims, as well as in the electronics field for crafting connectors, circuit breakers, coil formers, and switch housings. They also find use in consumer goods, featuring in kitchen appliances like food processors and coffee machine components, as well as in sports equipment such as ski boots and climbing ropes, illustrating just a few examples of their diverse applications.