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Nylon-6 Market Size, Industry Analysis Report By Type (Nylon-6 (PA6) Fiber, Nylon-6 (PA6) Resin), By Application (Nylon-6 in Transportation, Nylon-6 in Electrical and Electronics, Nylon-6 in Textiles, Nylon-6 in Industrial Application) & Region – Forecasts

  • PUBLISHED ON
  • 06/12/2022
  • NO OF PAGES
  • 213
  • CATEGORY
  • Chemicals & Materials
Global Nylon-6 Market: Overview
The Global Nylon-6 Market is valued at around USD 5.82 billion in 2022 and is expected to reach USD 6.16 Billion by the year 2030 registering a CAGR of 3.4% over the forecast period. Unlike most other nylons, nylon 6 is not a condensation polymer, but instead is formed by ring-opening polymerization; this makes it a special case in the comparison between condensation and addition polymers.

Global Nylon-6 Market – Growth Factors
Owing of various physical and chemical properties of the Nylon-6 substance makes it implementable in a wide range of applications and this factor is estimated to boost the growth of the market during the forecast period. The factor played a crucial role in the growth of the market even during the previous forecast period of 2018 to 2021. About 63% of worldwide production of polyamides in with the composition of Nylon 6 and thus the wide range of domination by the product is estimated to boost the growth of the market during the forecast period. Owing to the local availability and the applications that require them in a particular environment, nylon 6 can be used interchangeably. Thus, the growing use of the material in the industrial sector is also estimated to drive the growth of the market during the forecast period.

Global Nylon-6 Market – Market Trends
• Good flow properties, moldability, extrusion capability, chemical resistance, and morphological properties makes the product find application in various applications. This factor is estimated to drive the growth of the market during the forecast period.
• Majority of worldwide production of polyamides in with the composition of Nylon 6 and thus the wide range of domination by the product is estimated to boost the growth of the market during the forecast period.
• In the segment applications such as automotive, packaging, electronics & electrical, wires & cables, textiles, films & coating, and others are the various regions where the majority of the application of Nylon 6 takes place and this factor is estimated to boost the growth of the product during the forecast period.

Global Nylon-6 Market – Segmentation
The global Nylon 6 market has been sub-classified into product type and application.

By Type
• Nylon-6 (PA6) Fiber
• Nylon-6 (PA6) Resin

By Application
• Nylon-6 in Transportation
• Nylon-6 in Electrical and Electronics
• Nylon-6 in Textiles
• Nylon-6 in Industrial Application
• Other Nylon-6 (include music, healthcare, coating sector)

Global Nylon-6 Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.

Global Nylon-6 Market – Key Market players
BASF SE, Honeywell International Inc., DuPont, Royal DSM N.V., UBE INDUSTRIES, LTD., Invista and Gujarat State Fertilizers and Chemicals are the major players that are driving the growth of the market during the forecast period.

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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