The Global Polyamide Market Is Expected to Grow at a Mean Annual Rate of 2.4%

The global polyamide market is expected to grow at a mean annual rate of 2.4% from 2011 until 2020, according to a forecast by Germany-based market research and consulting firm PCI Nylon. The forecast is contained in an annual nylons research report the company has published: "World PA6 & PA66 Supply/Demand Report 2011". PCI Nylon noted that the recovery from the global financial and economic crisis of 2008/2009 has been accompanies by "a pronounced market shift". The company said: "Much of the demand recovery is attributable chiefly to the fast-paced economic growth of China. Today, China alone consumes around 30% of the global polyamide production (38% of PA6 and 15% of PA66, respectively). "Never before has the economic success of PA producers and manufacturers been so heavily dependent on the economic development of one single nation or region. " Source: European Plastics News