According to ChemAnalyst report, “Polyamide 6 Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2035”, Over the forecast period, the Polyamide 6 market is expected to reach approximately 7000 thousand tonnes in 2035 at a CAGR of 4.57%. 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 global market is driven by its excellent mechanical properties, resistant to abrasion and insulation properties. Polyamide 6 has a wide array of applications in the automotive industry, electrical component manufacturing and general use industries. Automotive sector is the primary driver for the expansion of the global Polyamide 6 market. In 2021, the automotive sector accounted approximately 28% of the global Polyamide 6 market and is expected to dominate the market in the forecast period. The parts made using Nylon 6 are lightweight and leads to reduction in greenhouses emission by vehicles.
The Polyamide 6 market is segregated based on end-use, sales channel, and region. Most of the Polyamide 6 production companies are situated in Asia Pacific region. In 2021, about 30% of the global Polyamide 6 production took place in Asia Pacific region.
Based on demand by region, Asia Pacific was the dominant region for the consumption of Polyamide 6 in 2021 and is anticipated to maintain this position in the forecast time of 2035 with a CAGR of 4.66%. The second largest consumer was Europe back in 2021 and is expected to maintain its position in the coming decade.
Based on end-uses, the Polyamide 6 market is segregated into Automotive, Chemicals & Petrochemicals, Industrial, Aerospace, and others. The highest demand for Polyamide 6 is by the automotive sector, and it is anticipated to dominate the Polyamide 6 market in the coming decade with a CAGR of 4.69%. The second largest consumer of Polyamide 6 is the Textile sector that held a market share of 24% in 2021. Polyamide 6 is used extensively for manufacturing the components of the automotives like doors, fuel caps, exterior mirrors, wheel coverings, airbag containers, hydraulic clutch lines, and more.
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“Polyamide 6 Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2035”, the significant players functional in the Global Polyamide 6 are LIBOLON, Highshung Holding Group, BASF SE, Formosa Chemicals & Fibre Corporation, LANXESS, Dow Chemical Company, KuibyshevAzot, and others.
“The rapidly increasing demand for Polyamide 6 products materials 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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