CHINAPLAS ’14: Global long chain polyamide demand to grow 6%/year

23 April 2014 16:50 Source:ICIS News

SHANGHAI (ICIS)--Global long chain polyamide (PA) demand is estimated to grow at an average annual rate of 6% over the next five years, Solvay’s market intelligence director and global product manager of polyamide, Quentin De Carvalho said on Wednesday.

Global long chain polyamide output was estimated at 200,000 tonnes/year, De Carvalho said on the sidelines of Chinaplas.

Solvay has started marketing a long chain polyamide grade - PA 6, 10 - in the China market, after it started producing this grade at its facility in France, he said.

PA 6, 10 is partially made up of sebacic acid, a bio component derived from castor plants, he said, adding that 66% of the PA 6, 10 grade consists of sebacic acid.

The global output of PA 6, 10 is estimated at 20,000 tonnes/year, and Solvay has about 10% market share of this material globally, he said.

Solvay plans to launch a new long chain polyamide grade this year, he added.

Chinaplas, Asia’s largest plastics raw material and machinery exhibition, runs from 23-26 April at the Shanghai New International Expo Centre in Shanghai’s Pudong district.

By Chow Bee Lin