Polyamide 6 Market Size, Share to Grow at a CAGR of 4.60% by 2035


According to ChemAnalyst report, “Global Polyamide 6 Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, Over the forecast period, the Polyamide 6 market is expected to reach approximately 7200 thousand tonnes in 2035 at a CAGR of 4.60%. The Polyamide 6 market is expected to grow through the projected period to fulfil the rising demands from the Automotive, Electricals and Electronics, Textiles, General Industries, and others end-use sectors. 

Polyamide 6, also known as Nylon 6, is a semi-crystalline polymer. Caprolactam serves as a monomer for the synthesis of Polyamide 6. In this process. Caprolactam is heated at 553 K while being in the presence of inert Nitrogen. Caprolactam undergoes ring-opening in the process to form Polyamide 6. It displays excellent mechanical strength, stability under high pressure, resistance to oils, and chemicals. Additionally, Polyamide 6 is an excellent substitute to traditional rubber in the automotive industry. It shows insulating properties and flame resistance, making it a perfect material for making electrical components like computer motherboards, terminal blocks, and circuit breakers. Polyamide 6 has high tensile strength and used in textile industry for making fibre, fabric, ropes, tents, and more.

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Polyamide 6 is abrasion resistant, electric current resistant, and flame resistance due to which it is utilized to make parts of electronics such as, computer motherboards, terminal blocks, circuit breakers, enclosures for power tools, connectors for mobile phones. Moreover, Polyamide 6 is used in the automotive industry to manufacture lightweight vehicle parts such as fuel caps, doors, exterior mirrors, wheel coverings, airbag containers, and hydraulic clutch lines. Other applications of Polyamide 6 include fishing rod strings, musical instruments, fibers, machine guards, replacement parts, seals, switchgear, carpets, fabric, curtain, upholstery items, ropes & nets, painting brushes, conveyer belts, racket strings, tents, and others.

The Polyamide 6 market is segregated based on end-use, sales channel, and region. Across the globe, Asia Pacific is dominating as a consumer of the Polyamide 6 market. This region consumed approximately 34% of the global Polyamide 6 market. The Polyamide 6 demand by the Asia Pacific is primarily driven by its properties like resistance to abrasion and chemicals and find its application sin the automotive, electronics and electrical industry. Europe stands as the second largest consumer of Polyamide 6 market and is most likely to retain its position in the forecast period. On the global level, Asia Pacific has the largest number of production sites of Polyamide 6 with majority of the sites located in China.

Based on the end-user industry, the global Polyamide 6 market is segmented into Automotive, Electricals and Electronics, Textiles, General Industries, and Others. However, the Automotive industry is the dominating sector that consumed approximately with a market share of about 28% in 2022. Polyamide 6 is a more affordable and light-weight option compared to metals to manufacture automobiles. Therefore, the market for Polyamide 6 is anticipated to propel from the increased need for light-weight automobiles. The Electricals and Electronics Industry and the Textile Industry also holds prominent market share of Polyamide 6 and are anticipated to fuel the Polyamide 6 demand in the coming years.

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 “Global Polyamide 6 Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, Major players in the production of Global Polyamide 6 are Highshung Holding Group, Guangdong Xinhui Meida Nylon Co., Ltd., Formosa Chemicals & Fibre Corporation, LIBOLON, Dow Chemical, BASF SE, Fujian Jinjiang Technology, UBE Corporation, Royal DSM, LANXESS, KuibyshevAzot, and Others.

“The rapidly increasing demand for Polyamide 6 from Automotive, Electronics, and Textile industry is expected to drive the global Polyamide 6 market. The growing demand for Polyamide 6 due to its resistance to chemicals, acids, bases, high temperatures, electric current and abrasion-resistance makes it a suitable material for manufacturing parts of the automobiles and electronics. Polyamide 6 is a great alternative to rubber as it is more reliable and durable, driving the Polyamide 6 demand in the upcoming years “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.


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Publicado en SEO en mayo 22 at 05:27
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