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Injection Molding Polyamide 6 Market 2024 -2033: Global Outlook, Key Drivers, Size And Major Players | BASF SE, Lanxess Corporation, Huntsman Corporation, AdvanSix Inc., INVISTA
Injection Molding Polyamide 6 Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the injection molding polyamide 6 industry. This report on injection molding polyamide 6 market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The injection molding polyamide 6 market size has grown rapidly in recent years. It will grow from $8.89 billion in 2023 to $9.84 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to automotive industry growth, rise in demand for industrial machinery, rise in investment in infrastructure, growth in emerging markets.
The injection molding polyamide 6 market size is expected to see rapid growth in the next few years. It will grow to $14.69 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to rising medical and healthcare sector, rising urbanization, developments in the manufacturing sector, emerging aerospace and defense sector, rising demand for consumer goods. Major trends in the forecast period include bio-based polyamide 6, 3d printing and additive manufacturing, miniaturization and micro-molding, increased flame retardancy, digital twin technology.
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Key Market Players:
BASF SE, Lanxess Corporation, Huntsman Corporation, AdvanSix Inc., INVISTA, DOMO Chemicals, Honeywell International Inc., DuPont de Nemours Inc., Saudi Basic Industries Corporation (SABIC)
Market Drivers:
According to the Injection Molding Polyamide 6 Market Report 2024 by The Business Research Company, growing demand for polyamide 6 in automotive applications is expected to drive the market for injection molding polyamide 6 during the forecast period. Advanced materials such as polymer composites, magnesium (Mg) alloys, aluminum (Al) alloys, and similar materials can replace cast iron and traditional steel components, which will reduce the weight of the body and chassis of the vehicle by up to 50% and therefore reduce fuel consumption. For example, high-efficiency engines that are made from lightweight materials, such as injection molding polyamide 6, are expected to save more than 5 billion gallons of fuel annually by 2030 in one quarter of the USA. Therefore, increasing demand for polyamide 6 in automotive is expected to drive the injection molding polyamide 6 market.
More information about the Global Injection Molding Polyamide 6 Market Report -
https://www.thebusinessresearchcompany.com/report/injection-molding-polyamide-6-global-market-report
Market segments for template include:
1) By Grade: Reinforced PA 6, Unreinforced PA 6, Other Grades
2) By End User: Automotive, Electrical And Electronics, Industrial/Machinery, Consumer Goods And Appliances, Construction, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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