DUBLIN--(BUSINESS WIRE)--The "Injection Molding Polyamide 6 Market by Grade (Reinforced PA6, Unreinforced PA6, Others), End-use Industry (Automotive, Electrical & Electronics, Industrial/Machinery, Consumer Goods & Appliances, Construction, Others), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The injection molding polyamide 6 market is projected to grow from USD 7.5 billion in 2020 to USD 10.4 billion by 2025, at a CAGR of 6.9% from 2020 to 2025.
One of the key factors driving the growth of the injection molding polyamide 6 market includes the growing end-use industries in emerging economies. End-use industries such as automotive, electrical & electronics, industrial/machinery, consumer goods & appliances, and construction are expected to flourish in emerging economies, including China, India, and Thailand, during the forecast period. This, in turn, is expected to contribute to the growth of the injection molding polyamide 6 market.
Polyamide 6 is also known as nylon 6 or polycaprolactam. It offers excellent surface finish, strength, stiffness, and chemical resistance to hydrocarbons. There are various grades of the injection moldable polyamide 6 available in the market, including glass fiber reinforced, carbon fiber reinforced, mineral reinforced, and others. Among all these grades, glass fiber reinforced polyamide 6 is most widely used around the world. Auto mirror housing brackets, clutch pedals, clutch master cylinders, ski bindings, steering wheels, levers, auto seat frames, door handles, and door lock mechanisms are some of the major applications of glass fiber reinforced polyamide 6 in the automotive industry.
Reinforced PA6 is estimated to lead the injection molding polyamide 6 market, by grade in terms of value during the forecast period
By grade, reinforced PA6 grade is estimated to be the largest segment in the injection molding polyamide 6 market in 2020, in terms of value. It is majorly due to the excellent properties offered by the reinforced PA 6 and high demand for glass fiber reinforced PA 6 from the automotive industry. The reinforcing of polyamide 6 makes it suitable to be used across applications in the automotive, electrical & electronics, construction, consumer goods & appliances industries.
Automotive end-use industry is estimated to dominate the injection molding polyamide 6 market.
By the end-use industry, the automotive segment dominated the injection molding polyamide 6 market in 2020, both in terms of value and volume. Injection molding polyamide 6 is used in the automotive industry for weight reduction of vehicles. It is also cheaper in unit cost in comparison to metals, and other grades of commonly used thermoplastics such as polyamide 66, making it an economical alternative.
PA 6 has excellent tensile strength, stiffness, chemical resistance, heat resistance, wear resistance, and lubricity. Injection molding PA 6 is frequently used in the automotive parts manufacturing when a low-cost, high mechanical strength, rigid, and stable material is required. For example, PA 6 is extensively used in the door handles & radiator grills.
Asia Pacific dominated the injection molding polyamide 6 market in 2019.
Asia Pacific is estimated to account for the largest share of the injection molding polyamide 6 market in 2020. The growth of the automotive and electrical & electronics industries is responsible for driving the injection molding polyamide 6 market in this region. China is one of the key consumers of injection molding polyamide 6 in the region.
Market Dynamics
Drivers
- High Demand From The Automotive Industry
- Shortage Of Polyamide 66 And Its Escalating Prices
Restraints
- Increasing Competition From Substitutes
Opportunities
- Growing Demand For Lightweight Vehicles
- Low Crude Oil Prices
Challenges
- Low Thermal Stability And High Moisture Absorbing Nature Of Pa 6
- Liquidity Crunch Due To Covid-19 Among End-use Industries
Companies Profiled
- DSM
- BASF SE
- Domo Chemicals
- Radici Group
- Lanxess Corporation
- Toray Industries, Inc.
- Sabic
- RTP Company
- UBE Industries Limited
- Dupont
- Advansix
- Lyondellbasell Industries Holdings B.V.
- Addiplast Group
- Grupa Azoty
- Ad Majoris
- Adell Plastics Inc.
- Akay Plastik
- Shanghai Pret Composites Co., Ltd.
- Yuh-Dean Enterprise Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/hy5dwa.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
