Global Polyamide 6 Fibers Outlook
The global Polyamide 6 Fibers industry is witnessing steady growth on account of increasing applications in fiber and Engineering plastic applications. Polyamide Fiber is seeing a flat growth in developed countries and a faster growth in developing countries such as China and South Asian countries.
Major Fiber applications are:
- Textile & Apparels
- Home Furnishings
- Industrial Fibers
Polyamide 6 fiber is expected to grow at a CAGR of 4.2% due to high industrial fiber demand in China and South Asian countries. Textile fiber also contributes to the growing polyamide 6 Fiber demand. China contributes around 60% of industrial fiber and 50% textile fiber demand at a global level. Industrial fiber in China is growing at a faster pace and is expected to grow at a CAGR of 5.9% (2017-2025) as compared to rest of the world which is estimated to grow at a CAGR of 3.7% (2017-2025). Global industrial fiber consumption has seen a rise after economic recession and has grown by 4.2% CAGR after 2009.
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