The global PA66 market revenue was around US$ 6.1 billion in 2021 and is estimated to reach US$ 9.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022 to 2031.
PA66 is also referred to as Nylon 66. It is a monofilament that can be used for surgical sutures, brushes, fishing lines, and tennis strings. Flexible packaging frequently uses PA66 to save weight while preserving product freshness. It increases the shelf life of that product by preventing oxygen, ultraviolet radiation, and moisture from degrading the quality and flavor of food.
Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17923
Factors Influencing Market Growth
Increased use of PA66 in many sectors, including electrical & electronics, automotive, construction, textile, consumer products, packaging, and others. Thus, these factors are anticipated to fuel the market growth.
Growing demand from both established and developing nations is anticipated to create lucrative opportunities for the key players in the market.
Polyamides are a preferred material among automakers due to their durability and wear resistance. These two qualities are crucial in the construction of the car. Thus, rising demand for lightweight automobiles boosts market expansion.
The presence of alternatives is expected to impede market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a significant impact on the market. Due to the government enacted a lockdown, widespread production halts in Europe, unrest in Chinese part shipments, and the shutdown of American assembly factories. During the crisis, the closure of manufacturing facilities, production decreased. However, as markets have increasingly expanded, production from manufacturing facilities has started in the second half of 2020, which is positive for the PA66 market.
Regional Insights
Asia-Pacific dominated the market in terms of the highest revenue. In this region, PA66 is used in carpet fibers, molded parts, and textile fibers. Both the industrial and fashion sectors use polyamide 66. It is used to create sheer clothing and is lightweight. In addition, in the region, it is used in many different products, including backpacks, book bags, wedding gowns, flak jackets, bridal veils, ponchos, sports shoes, camera cases, umbrellas, socks, swimsuits, caps, gloves, luggage, and a lot more. Furthermore, China will produce more than half of the world’s polyamide capacity in the coming years and it will consume roughly one-third of the world’s nylon resin.
Leading Competitors
The leading competitors in the global PA66 market are:
SABIC
DuPont de Nemours Inc
LEALEA
BASF SE
Arkema S.A
Kurary
Evonik Industries Ag
Ascend Performance Materials
Radici Group
Honeywell International Inc
Koninklijke DSM N.V
Huntsman Corporation
Toray Group
Lanxess
Others
Segmentation Analysis
The global PA66 market segmentation focuses on Form, End-use Industry, and Region.
Segmentation based on Form
Tubes
Others
Sheet
Rod
Segmentation based on End-use Industry
Automotive
o Exterior
o Interior
Electricals and Electronics
o EV Charging Connectors
o Miniature Circuit Breakers
o Residual Current Device
o Contactors
o Others
Textile
Construction
Packaging
Consumer Goods
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Table of Content
Chapter 1: Global PA66 Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global PA66 market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global PA66 Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global PA66 market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of PA66 market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the PA66 market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the PA66 market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate PA66 business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
About Report Ocean:
Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.