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%.

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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.

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.

Polyamide 6 Market: Overview

Growing need for high-performance polymers and synthetic materials in a range of industries has driven the voluminous consumption of polyamide 6 materials. Their exceptional properties and competitive advantage when compared to other polyamide and monomer-ized materials has propelled their overall demand in the global landscape for chemicals and materials. However, leading producers of polyamide 6 materials are facing significant challenges in extending their capacities. Environmental protection agencies are actively restraining the mass-scale production of polyamide 6, as the products made of these materials are being openly dumped across the globe. The environmental burden of such consequential circumstances has forced the polyamide 6 producers to recycle the products over and over again, resulting in loss of capital expenditure and a dip in profit margins.

Transparency Market Research has developed an exclusive study on the global polyamide 6 market, delivering insightful analysis and accurate forecast on the expansion of the market for the assessment period, 2017-2026. The report has quantified the growth of the global polyamide 6 market on the basis of volumes (metric tons). The report stands apart as a reliable business document for leading producers of polyamide 6 in the global market.

Report Highlights

Some of the key features of the report include, the segmental analysis and forecast of the global polyamide 6 market, supply chain breakdown, and player profiling. The report provides a holistic overview of the global chemicals and materials industry, wherein the stance of polyamide 6 materials has been disclosed. The report also delivers insights on the changing dynamics in the production of polyamide 6, particularly with respect to the raw material procurement strategies of market participants.

The report has provided an intensity map which traces the presence of market players across several geographies. Key sections of the report provided segmental analysis and forecast, revealing the market size estimations on the basis of products, commercial grades, and applications. The report has extensively profiled the leading producers of polyamide 6, revealing their current market standings and strategic developments.

Market Taxonomy

For conducting a comprehensive market size forecasting & analysis, the report has segmented global polyamide 6 market on the basis of type of products, commercial grades of polyamide 6 materials, their applications, and region. The global polyamide 6 market taxonomy is illustrated below:

Region

Product Type

Commercial Grades

Application

  • North America
  • Polyamide 6 Engineering Resin
  • Fiber Grade
  • Automotive
  • Latin America
  • BCF & Staple
  • Injection Molding Grade
  • Electrical & Electronics
  • Europe
  • High Ten Yarn
  • Extrusion Grade
  • Appliances
  • Japan
  • Textile Filament

 

  • Films & Coatings
  • APEJ

 

 

  • Wires & Cables
  • MEA

 

 

  • Consumer Goods

 

 

 

  • Industrial Machinery

 

 

 

  • Others (packaging, construction, etc.)

Additional information on country-specific market forecast and analysis is also provided in the report.

Research Objective

While developing this report, the key objective of analysts and research consultants at Transparency Market Research was to assess opinions of market participants and create a road map that brings clarity in their future undertakings. Every leading producer in the global polyamide 6 market has been directly interviewed in the development of this report. The report has interpreted the growth of the global polyamide 6 market across a range of metrics such as compounded annual growth rates (CAGR), Year-on-Year (Y-o-Y) growth rates, and absolute dollar opportunities. The scope of the report is to create inferences that reveal the key presumptive scenarios on the expansion of the global polyamide 6 market through 2026.

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