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Injection Molding Polyamide 6 Market Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | BASF SE, Lanxess Corporation, Huntsman Corporation, AdvanSix Inc., INVISTA, DOMO Chemicals
Injection Molding Polyamide 6 Market Market Characteristics
The Business Research Company offers in-depth market insights through Injection Molding Polyamide 6 Market Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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 fro 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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Market Segmentation:
The main types of grades of injection molding polyamide 6 are reinforced polyamides (PA) 6, unreinforced PA 6, and others. Reinforced PA 6 is a glass fiber reinforced polyamide that offers higher strength, rigidity, creep strength and dimensional stability when compared to unreinforced polyamide 6. Unreinforced PA is a subcategory of Polyamide and is added as an additive during the manufacturing process. Injection molding polyamide 6 is used by different end users such as automotive, electrical and electronics, industrial/machinery, consumer goods and appliances, construction and other industries.
Major Driver - Polyamide 6 Injection Molding Driving Automotive Efficiency And Sustainability
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.
Competitive Landscape:
Major companies operating in the injection molding polyamide 6 market market include BASF SE, Lanxess Corporation, Huntsman Corporation, AdvanSix Inc., INVISTA, DOMO Chemicals, Honeywell International Inc., DuPont de Nemours Inc., Saudi Basic Industries Corporation (SABIC), Formosa Plastics Corporation, LyondellBasell Industries Holdings B.V., Addiplast Group, Grupa Azoty S.A., Ad Majoris, Adell Plastics Inc., Koninklijke DSM N.V., Radici Group, RTP Company, Toray Industries Inc., Evonik Industries AG, Nylons Corporation, UBE Corporation, Four Process Ltd., LTM Plastics Inc., MSI Mold Builders Inc., GSH Industries Inc., Arkema Peroxides India Private Limited, Ascend Performance Materials Operations LLC, EMS-Grivory, Kuraray Co. Ltd., Solvay S.A.
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Top Trend - Polyamide-6 Powder Driving 3D Printing Advancements In Injection Molding
The usage for polyamide-6 powder in 3D printing is an emerging trend in the injection molding polyamide 6 market. 3D printing is an emerging technology which is used in various applications such as automotive and construction. 3D printing makes manufacturing more versatile, economical, energy-saving and efficient. The usage of polyamide-6 powders to make such 3D printed parts is expected to shorten the development cycle, save cost and meet the customized requirements of small volume production. For instance, polyamide-6 powder developed by BASF is the first raw material that made 3D printing parts, which was successfully used in engine testing. Therefore, usage for polyamide-6 powder in 3D printing is playing an important role in the injection molding polyamide 6 market.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Injection Molding Polyamide 6 Market Market Characteristics
3. Injection Molding Polyamide 6 Market Market Trends And Strategies
4. Injection Molding Polyamide 6 Market Market - Macro Economic Scenario
5. Injection Molding Polyamide 6 Market Market Size And Growth
…..
27. Injection Molding Polyamide 6 Market Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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