In view of the rapid development of China's economy, the strong demand for automobile consumption, and the trend of automobile development towards energy saving and environmental protection, nylon 66 engineering plastics and nylon 66 industrial yarns, nylon 66 airbag yarns, etc. will have great development potential in the Chinese market. Increasing the domestic nylon 66 supply chain is crucial.
As for the nylon 66 supply chain device made in China, a new trend has recently been ushered in: the first complete industrial chain nylon 66 device in China is expected to be established.
China's first complete industrial chain industrialized nylon 66 device is about to start
According to domestic chemical companies: ZHJT Chemical Group invested in the construction of a high-tech material nylon 66 project in early 2018.
The investment and construction of a nylon 66 new material industrial base with an annual output of 1 million tons is divided into two phases. The first phase mainly includes a 300,000 tons / year acrylonitrile co-production hydrocyanic acid unit and a 50,000 tons / year sodium cyanide unit. , 90,000 tons / year hydrocyanic acid device, 200,000 tons / year adiponitrile (ADN) device, 200,000 tons / year hydrogenation device, and 200,000 tons / year nylon 66 salt and slicing device.
Foreign companies strengthen layout of China's nylon 66 market
Due to the high technical barriers and investment thresholds of adiponitrile and the high degree of oligopoly in the industry, the country currently relies on imports. Adiponitrile is mainly an important raw material for the production of nylon 66. The total global adiponitrile production capacity is about 2 million tons.
At present, the global supply of adiponitrile is tight, and most of the production capacity is only used for the production of the company's hexamethylene diamine and nylon 66. The current main market for adiponitrile is mainly provided by INVISTA. Among them, Invista of the United States, Ascend of the United States, BASF of Germany and Asahi Kasei of Japan have a total capacity of 1.75 million tons.
Global nylon 66 consumption is mainly concentrated in China at 23%, and zero production capacity of raw materials has led to serious industrial chain mismatches.
According to statistics from Longzhong Information, due to the particularity of raw materials adiponitrile, the operating rate of nylon 66 in China has remained at a level of 60-70% in the past two years, with a high level of import dependency. Among them, the import dependency of nylon 66 in 2018 is about At 36.66%.
INVISTA spends $ 1 billion to build the first adiponitrile plant in Shanghai
For this reason, foreign companies have begun to deploy China ’s nylon 66 supply chain devices in recent years. For example, at the beginning of this year, INVISTA and Shanghai Chemical Industry Park (SCIP) signed a memorandum of cooperation to start a 400,000-ton adiponitrile (ADN) production base. The design plan is expected to invest more than 1 billion US dollars (7 billion yuan). Construction is planned to begin in 2020 and production will begin in 2023.
Jeff Gentry, Chairman and CEO of INVISTA, said: "Shanghai is very attractive to INVISTA and it will be very beneficial to integrate the new production base into the existing INVISTA hexamethylene diamine and polymer plant in the chemical zone. We The cooperation with the Shanghai Chemical Industry Park and the Shanghai Municipal Government, and the support we have received to advance the project, also gives us confidence to meet future milestones. "
In addition, at the 16th China International Caprolactam and Nylon Forum held at the end of last year, INVISTA also analyzed the key role China ADN will play in the future nylon 6,6 field.
Kyle Redinger, Chairman of INVISTA China Investment Corporation and Vice President of INVISTA Intermediates, delivered a speech entitled "The Role of China's ADN in the High-Performance Nylon Field" and demonstrated INVISTA's nylon 6,6 supply chain Significant commitment.
In addition to introducing the latest developments in ADN supply and demand, he also provided data on how high-tech performance nylon 6,6 is driving development in various key areas such as automotive, electronic and electrical applications.
Compared with existing technologies, INVISTA's latest ADN technology will help increase productivity, reduce energy consumption, reduce exhaust emissions, and improve process stability and cost.
He also added: "We have been watching and watching the growth in demand for nylon 6,6 and planning our capacity investment accordingly. According to our forecasts, China will become the world's largest nylon market in the next 5 years. We believe that in China's domestic production meets China's demand and fully taps the market potential. "
In addition to investing more than US $ 1 billion to build a new plant, INVISTA will invest US $ 2 billion over the next 10 years to focus on global supply demand for nylon 6,6. The new plant will not only meet the demand of the AND market in China, but also the market demand in other regions of the world.
Cars are the main driver of demand for nylon 66
According to a research report by Research and Markets, by 2025, the global nylon 6 and 66 market size is expected to reach 41.13 billion US dollars, and the compound annual growth rate is expected to reach 6.1%.
The downstream areas of nylon 66 are mainly engineering plastics, automotive parts, machinery, electrical parts, industrial yarns, and civilian yarns.
Among them, the report shows that the strong development of the automotive industry is the main driving force for the growth of the nylon 66 market.
The report shows that due to the increasing focus on fuel efficiency and vehicle emissions reductions, automakers are more inclined to use lightweight plastics instead of metals in selecting materials.
Among them, the lightweight and heat-resistant properties of nylon materials are favored by car manufacturers. Widespread demand from the automotive industry is expected to stimulate the growth of the nylon resin market.
At present, nylon 6 resin accounts for the largest consumption share of the overall nylon resin market, and most of the demand comes from the textile industry.
However, the demand for nylon 66 in the engineering plastics industry is also increasing, and the industry uses nylon 66 to make plastic products, and then replace PVC.
By 2025, demand for nylon in the automotive sector is estimated to reach $ 11.26 billion. Its main driving force is the application of nylon 66 in engineering plastics to replace traditional plastics more and more.
In Europe alone, consumption of nylon (6 and 66) resins is expected to reach 2.8 million tons by 2025.