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.
