What is the global market size of PA 66/6 Market?

The PA 66/6 Market size was valued at USD 30.81 billion in 2021 and is poised to grow from USD 32.6 billion in 2022 to USD 53 billion by 2030, growing at a CAGR of 6.4% in the forecast period (2023-2030).

What is the key driver of Global PA 66/6 Market?

The increased demand for zero-emission vehicles is a major driver of the hydrogen fueling station industry, which includes hydrogen pumps. Growing environmental awareness and governmental regulations on emissions are driving the adoption of hydrogen fuel cell vehicles, which use PA 66/6 components. Technological advancements, including improvements in fuel cell technology and reductions in the cost of hydrogen production and storage, are further fueling market growth.

What is the key market trend for Global PA 66/6 Market?

The key market trend for the Global PA 66/6 Market is the adoption of PA 66/6 materials in 3D printing. PA 66/6's superior properties, such as high durability and flexibility, make it suitable for 3D printing applications. Additionally, advancements in 3D printing technology are boosting the market growth by enabling the production of parts with thin walls and facilitating easy post-processing with fabric dyes and spray paints.

Global PA 66/6 Market Size, Share, Growth Analysis, By Type(PA 66 and PA 6), By Application(Automotive, Textile) - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global PA 66/6 Market?

The global PA 66/6 market is highly competitive with the presence of both local and global companies. Major players include BASF SE, DSM N.V., Invista, Ascend Performance Materials LLC, Lanxess AG, Radici Partecipazioni SpA, Solvay S.A., Arkema SA, EMS-Chemie Holding AG, SABIC, Evonik Industries AG, DuPont de Nemours Inc., UBE Industries Ltd., Toray Industries Inc., Quadrant AG, Asahi Kasei Corporation, Mitsubishi Chemical Holdings Corporation, Formosa Plastics Corporation, and Celanese Corporation, among others.

Q: Which region accounted for the largest share in Global PA 66/6 Market?

The Asia Pacific region dominated the global PA 66/6 market in 2022. Factors contributing to this dominance include the availability of low-cost raw materials and labor, increased spending power, large untapped markets, and supportive government policies. The electrical and electronics industries in this region are showing particular interest in PA 66/6 due to its compactness and compatibility with other components, simplifying design processes.

Report ID: SQMIG15E2148 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 63 | Figures: 75

Global PA 66/6 Market Insights

Global PA 66/6 Market size was valued at USD 32.6 billion in 2022 and is poised to grow from USD 34.69 billion in 2023 to USD 56.98 billion by 2031, growing at a CAGR of 6.40% during the forecast period (2024-2031).

PA 6 has a variety of physical and chemical properties that make it suitable for a broad range of applications. About 60% of global production of polyamides is composed of PA-6. Approximately 6.6 million metric tons of PA-6 was produced globally. In a wide variety of applications, both PA 6 and PA 66 can be used alternately depending on the local availability and the applications that require them in a particular environment.

PA 66 is one of the most widely used synthetic polymers in the automotive, plastics, and textile industries. PA 66 is commonly contrasted with the properties of PA 6. PA 66 has a large mold shrinkage capacity, indicating that its shape changes more prominently after processing. Also, its more crystalline structure makes it more heat resistant, increasing its use in a variety of applications that require high-end polymers, thus boosting the demand for PA 66 in the market. Thus, PA 66 is commercially used in Nylon 66 is thus used in battery modules, friction bearings, conveyor belts, and luggage.

International demand for polyamide materials is rising; global adoption of new energy vehicles is expected to reach 45% by 2025, and automakers are rapidly using sustainable materials to build components, all of which are important growth factors for the polyamide industry. Also, demand from small contractors, plug switches, circuit breakers, and other components in electrical and electronics boosts the global polyamide market growth.

US PA 66/6 Market is poised to grow at a sustainable CAGR for the next forecast year.

Global PA 66/6 Market Report Snapshots

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FAQs

Global PA 66/6 market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global market. 'BASF SE', 'DSM N.V.', 'Invista', 'Ascend Performance Materials LLC', 'Lanxess AG', 'Radici Partecipazioni SpA', 'Solvay S.A.', 'Arkema SA', 'EMS-Chemie Holding AG', 'SABIC', 'Evonik Industries AG', 'Royal DSM N.V.', 'DuPont de Nemours Inc.', 'UBE Industries Ltd.', 'Toray Industries Inc.', 'Quadrant AG', 'Asahi Kasei Corporation', 'Mitsubishi Chemical Holdings Corporation', 'Formosa Plastics Corporation', 'Celanese Corporation'

PA 66/6 is mostly used in automotive industry due to its properties such as strength and toughness, improve fuel efficiency, wear resistance and excellent mechanical properties. The polymer supports in injection and molding process, so it is widely used in manufacturing various auto parts. All these beneficial properties increase the demand for PA 66/6 in the automotive industry, driving the PA 66/6 market worldwide.

PA 66/6 has superior properties such as high durability and flexibility. Both of these properties make them good choices for 3D printing. This material has a potential to go in 3D printers. Also, it has moisture absorption property which helps in easy post-processing with fabric dyes and spray paints. Flexibility and durability of polyamides can helps in 3D printing parts with thin walls. Advancement in 3D printing technology by adopting polyamide (PA 66/6) is a key trend that boost the market growth.

On the basis of region, global PA 66/6 market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. The Asia Pacific dominated the global market in 2022. The availability of low-cost raw materials and labour, with the increased spending power, is a major driver for the market in this region. The availability of large untapped markets and supportive government policies are supporting global nylon manufacturers to set up production and distribution facilities in the region. Electrical and electronics industries are becoming more interested in PA 66 and PA 6 because plastic parts are more compact and can be easily combined with other components, simplifying the design method.

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