Global Polyamide-Nylon 6 Market - WishTree Insight

Global Polyamide-Nylon 6 Market by Type (Nylon-6 (PA6) Fiber and Nylon-6 (PA6) Resin), Application (Transportation, Textiles, Electricals & Electronics, Industrial Applications, and Others), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Polyamide Nylon 6 market size was valued at USD 14.6 billion in 2022 and is expected to surpass USD 26.1 billion by 2032, expanding at a CAGR of 6.0 % during the forecast period, 2022–2032. The market's growth is attributed to its versatility in a variety of application sectors.

INTRODUCTION

Polyamide-Nylon 6, also known as nylon 6, is a type of thermoplastic polymer made from a combination of a diamine and a dicarboxylic acid. It is commonly used in a wide range of applications such as fibers for clothing and textiles, gears, bearings, and mechanical parts. It is known for its high strength, durability, and resistance to abrasion and chemicals. Additionally, it has a high melting point and is resistant to UV light and weathering.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for applications in various sectors is driving the global polyamide nylon 6 market.
• Surge in demand for healthcare and musical instruments is expected to drive the market.
• Increasing capital investments and higher productivity are anticipated to boost market growth.
• The property of nylon-6 to shrink in molded sections is expected to hamper the market.
• The significant flammable dripping problem is anticipated to hinder market growth.
• The various government and international organizations' initiatives towards raising awareness and concern about the environment and health and the developing methods for monitoring polymer's adverse effects are expected to hamper the market.

Scope of the Report

Market Segment Insights

The nylon-6 (PA6) resin segment is projected to register a considerable CAGR

Based on type, the Polyamide Nylon 6 market is bifurcated into nylon-6 (PA6) fiber and nylon-6 (PA6) resin. The nylon-6 (PA6) resin segment is expected to expand at a rapid pace during the forecast period owing to its melting point and resistance to heat and friction.

The textile segment is expected to expand at a rapid pace

Based on application, the Polyamide Nylon 6 market is divided into transportation, textiles, electricals & electronics, industrial applications, and others. The textile segment is expected to expand at a rapid pace during the forecast period owing to good abrasion resistance and extensibility, and high shape stability in the textile industry. However, the transportation and industrial segment is anticipated to hold a key share of the market in the coming years owing to its lightweight nature.

The North American region constitutes a key market share

In terms of regions, the Polyamide Nylon 6 market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the North American region constitutes a key market share and is expected to continue the share in the market during the projected period. The aerospace, automotive, and other industries are driving the market of polyamide nylon-6 market in the region. However, the market of Europe is anticipated to expand at a rapid pace during the forecast period as automotive manufacturers are becoming prevalent in the region.

Competitive Landscape

Key players competing in the Polyamide Nylon 6 market are BASF SE (Germany); Gujrat State Fertilizers and Chemicals (India); DuPont (U.S.); Invista (U.S.); Honeywell International Inc. (U.S.); UBE Industries, Ltd. (India); Royal DSM N.V. (Netherland).

FAQs

How much is the market worth?

The Polyamide Nylon 6 market size was valued at USD 14.6 billion in 2022 and is expected to surpass USD 26.1 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 6.0%.

What are the key drivers of the market?

The market's growth is attributed to its versatility in a variety of application sectors.

What segments are covered in the Polyamide-Nylon 6 report

The segments covered in the report are type (nylon-6 (PA6) fiber and nylon-6 (PA6) resin), application (transportation, textiles, electricals & electronics, industrial applications, and others).

Mention which region is expected to hold the highest share of the Polyamide Nylon 6 market.

The North American region is expected to hold the highest share of the Polyamide Nylon 6 market.

Which segment holds the largest market share in the Polyamide-Nylon 6 by 2032?

The textiles segment holds the largest market share in the Polyamide-Nylon 6 by 2032.

Mention the key players in the market.

BASF SE (Germany); Gujrat State Fertilizers and Chemicals (India); DuPont (U.S.); Invista (U.S.); Honeywell International Inc. (U.S.); UBE Industries, Ltd. (India); Royal DSM N.V. (Netherland)