Polyamide 6 (PA6) Demand Analysis [Capacity Utilization, Production, Net Exports, Demand Growth Rate ], By Types, By Applications & Forecast Analysis, 2032

Polyamide (PA) 6 Market Summary:-

The global Polyamide 6 (PA6) market is estimated to witness growth at a CAGR of around 3.5% over the period of 2023 to 2030. 

Polyamide 6 is a semi-crystalline polymer which is commonly called as Nylon 6.  It is available in different grades such as Unfilled Resin, Glass Filled Resin, Fiber Reinforced Resin and Co-polyamide Resin which enhances the property of polyamide. Polyamides have a combination of mechanical & electrical properties which makes it useful in Engineering Plastics Applications as well as Fiber applications. There are different types of Polyamides which are classified according to the composition of main chain. Synthetic polyamides can be classified in three main categories- Aliphatic, Poly-pthalamides and Aromatic Polyamides. Polyamide 6 comes under category of Aliphatic Polyamides which is manufactured by polymerisation of Caprolactam.

                                     Global Polyamide 6 (PA6) Demand Analysis 2030

Globally the Polyamide 6 industry is witnessing moderate growth on account of growing demand in China and other developing regions. Prismaneconsulting estimates the world Polyamide 6 demand to be around 5700 KT in 2023.It was analyzed that China contributed around 40% of world Polyamide 6 demand in 2023. 

Major realignments can be seen in the Polyamide 6 industry with Major European Players reducing its Caprolactum capacities in the USA and Germany to gain a strategic advantage over their competitors and to sell Caprolactum and Polyamide 6 with higher margins. Polyamide 6 serves end-use industries such as Textiles & Apparel, Home Furnishings, Flexible Packing, Automotive, Electrical & Electronics, Industrial, Consumer Goods, Alloysand Others.