New Research Report Explore Polyamide 6 Market Expected at a CAGR of 3.5% during 2017-2026

This research report offers a comprehensive analysis of the “Polyamide 6 Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026“The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.

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As the demand for amide-based monomers surges across multiple end-use industries, polyamide 6 materials continue to emerge as one of the most competent industrial polymer. From carpets to abrasion linings, polyamide 6 materials have been extensively used in a range of applications. Over the years, the growing use of polyamide 6, which is also known as nylon 6, in automotive textiles and sportswear has create new growth avenues for the overall polyamide 6 market. According to Transparency Market Research’s recent report, nearly 7,690 metric tons of polyamide 6 is forecasted to be sold across the globe by the end of 2026. The study delivers analysis and forecast on the expansion of the global polyamide 6 market for the assessment period, 2017-2026. During this forecast period, the global polyamide 6 market is poised to expand at a CAGR of 3.5%.

One of the key challenges inducing restraints to the end-use and production of polyamide 6 is their volatile and non-degradable properties. When used in the production of textiles, the polyamide 6 materials aren’t flame resistant. In addition, producing tons of polyamide 6 is strictly forbidden in several parts of the world, pertaining to the industrial polymerization that emits toxic gasses and VOCs during the production.

Textile Filament Products to Witness Highest Sales

On the basis of the products, the global polyamide 6 market is anticipated to witness a steadfast revenue growth in textile filaments and polyamide 6 engineering resin. Collectively, over 4,300 metric tons of polyamide 6 is expected to be sold globally across these two product-types by the end of 2017. The demand for BCF and staple products is also expected to gain traction towards the end of the forecast period. High-performance properties of polyamide 6 engineering resins are expected to fuel their demand, while the booming textile industry will instrument the surge in sales of textile filaments made of polyamide 6.

Fiber Grade Polyamide 6 to Incur High Demand through 2026

In 2017 and beyond, the application of fiber grade polyamide 6 will remain predominant in the global polyamide 6 market. On the basis of commercial grade, the use of fiber grade polyamide 6 materials will account for more than three-fifth share of global polyamide 6 market volumes by the end of 2026. The demand for injection molding grade polyamide 6 will lose traction towards the latter half of the forecast period, while extrusion grade polyamide 6 is expected to register highest volume CAGR.

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Automotive – Leading Application for Polyamide 6 Materials

Predominant use of nylon 6 in production of automotive textiles will continue to drive the adoption of polyamide 6 in automotive applications across the globe. The report projects that more than 35% of metric tons of polyamide 6 sold in the global market throughout the forecast period will be accounted by automotive applications.

Polyamide 6: Production Insights

Production of polyamide 6 materials entails stringent compliance with industrial regulations and environmental protection policies. The non-degradable nature of these synthetic materials creates challenges for manufacturers with respect to disposal of waste and by-products. Moreover, almost every manufacturer in the global polyamide 6 market is compelled to instate a provision for recycling, wherein tons of polyamide 6-based products are sent back to the production plant. Companies namely, BASF SE, Grupa Azoty, DSM Engineering Plastics, Ube Industries, Ltd., Honeywell International Inc., Polymeric Resources Corporation (Nylene), Nycoa, EMS-Grivory, Techmer PM LLC, Evonik Industries AG, Arkema Group, Asahi Kasei Corporation, SABIC, A. Schulman, Inc., and Lanxess AG are widely observed as the global leaders in polyamide 6 production. The report has profiled these market participants extensively, wherein their current market standings and strategic developments have been revealed.

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