07-12-2018 08:55 PM CET - Business, Economy, Finances, Banking & Insurance
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Polyamide 6 Market Revenue and Growth Rate 2017 - 2026

Press release from: Transparecny Market Research



Increasing demand for competent synthetic materials and polymers across a range of end-use industries has driven the global production of polyamide 6. The semi-crystalline composition of polyamide 6 materials keeps them at the forefront of polymerized industrial applications. However, stringency in the mass-scale production of polyamide 6 has become a key restraint for the expansion of the overall polyamide 6 market. Environmental protection policies continue to constrain the production of polyamide 6, which entails the emission of VOCs and toxic gases. This has impeded the volume-based sales of polyamide 6 over the recent past.

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Transparency Market Research projects that during the forecast period, 2017-2026, the global polyamide 6 market will expand at a sluggish CAGR of 3.5%. In its exclusive forecast study, the global market is estimated to record the sales of over 7,690 metric tons of polyamide 6 by the end of 2026. Strict industrial regulations will continue to create challenges in large-scale production of polyamide 6. And, leading producers of polyamide 6 namely, BASF SE, DSM Engineering Plastics. Grupa Azoty, Honeywell International Inc., Ube Industries, Ltd., Nycoa, Polymeric Resources Corporation (Nylene), Techmer PM LLC, EMS-Grivory, Arkema Group, Evonik Industries AG, SABIC, Asahi Kasei Corporation, Lanxess AG, and A. Schulman, Inc. are likely to face the brunt.

APEJ to Represent Leading Market for Polyamide 6 Through 2026

According to the regional analysis developed in the study, the global polyamide 6 production will remain concentered in the Asia-Pacific excluding Japan (APEJ) region. Favorable industrial regulations in APEJ countries such as China, South Korea, and India will facilitate voluminous production of polyamide 6 materials. The demand for polyamide 6, on the other hand, will be considerable large in Europe. While the APEJ polyamide 6 market will represent the highest CAGR of 3.7%, Europe is estimated to account for more than 1,300 metric tons of polyamide 6 by the end of the forecast period.

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The report further projects that the use of polyamide 6 engineering resin and textile filaments will be high in the global polyamide 6 market. These two types of products are expected to collectively account for the largest stake in the growth of the global polyamide 6 market through 2026. High-performance properties of polyamide 6 engineering resins will drive their application purview, while the extensive use of polyamide 6-based textile filaments in the global textiles industry will instrument their brimming demand.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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This release was published on openPR.
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