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Polyamide (PA) 6 Market Size

The polyamide (PA) 6 market is experiencing significant growth, driven by its extensive applications across various industries such as automotive, electrical and electronics, and aerospace. The market's expansion is fueled by the increasing demand for high-strength and lightweight materials, particularly in the automotive sector, and the rising production of consumer electronics globally. The aerospace industry is anticipated to be the fastest-growing segment, reflecting a robust demand for polyamide 6 due to its versatile properties. The Asia-Pacific region holds a substantial share of the market, with China and Japan leading in consumption, while the Middle East is emerging as a rapidly growing market due to its investments in electrical, electronics, and aerospace sectors.

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Market Size of polyamide (pa) 6 Industry

Polyamide (PA) 6 Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 9.47 Billion
svg icon Market Size (2029) USD 12.69 Billion
svg icon Largest Share by End User Industry Automotive
svg icon CAGR (2024 - 2029) 6.02 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Polyamide (PA) 6 Market Analysis

The Polyamide (PA) 6 Market size is estimated at 9.47 billion USD in 2024, and is expected to reach 12.69 billion USD by 2029, growing at a CAGR of 6.02% during the forecast period (2024-2029).

9.47 Billion

Market Size in 2024 (USD)

12.69 Billion

Market Size in 2029 (USD)

3.57 %

CAGR (2017-2023)

6.02 %

CAGR (2024-2029)

Largest Market by End-user Industry

29.63 %

value share, Automotive, 2023

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Due to its temperature and chemical resistance, PA 6 is used in a wide range of automotive applications, including intake manifolds, fuel lines, and underhood parts. Thus, the sector occupied a huge share.

Fastest Growing Market by End-user Industry

7.52 %

Projected CAGR, Packaging, 2024-2029

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With the growing development for antistatic packaging using PA 6, the packaging industry is projected to be the fastest-growing industry.

Largest Market by Region

50.77 %

value share, Asia-Pacific, 2023

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Owing to huge markets such as China, India, Japan, and South Korea, Asia-Pacific held around 72.45% of the automotive production and registered the largest share.

Fastest Growing Market by Region

7.71 %

Projected CAGR, Africa, 2024-2029

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Africa region witnessed a significant increase in investments in various industries, including automotive, packaging, and other end users. It is projected to witness the fastest growth in the market.

Leading Market Player

16.50 %

market share, Highsun Holding Group, 2022

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With the largest production capacity of around 910 kilotons per year of PA 6 resin in 2022, the company held the largest share. Highsun offers various polyamide resins for extrusion, compounding, blow molding, and other applications.

Aerospace sector to lead the market's growth

  • Polyamide 6 (nylon) resins have many applications in almost every industry due to their toughness and abrasion resistance. Nylon 6 is used in applications where toughness, lubricity, and wear are important. The global polyamide (PA) 6 market accounted for 50% of the overall polyamide consumption by revenue in 2022.
  • Polyamide 6 is widely used in the automotive industry for a variety of applications. Air intake manifold valves and engine covers are frequent applications of PA 6. The rising trend of high-strength and lightweight composites in automotive is driving the demand for PA 6. Global vehicle production was at 143 million units in 2022. It is expected to record a CAGR of 3.16% by volume between 2023 and 2029.
  • The electrical and electronics industry is the second-largest consumer of polyamide 6. The revenue from electrical and electronics production peaked in 2022 at USD 580 billion, recording a CAGR of 6.61% between 2023 and 2029 due to an increase in the demand for consumer electronics with increasing technological innovations across different regions. For instance, consumer electronics worldwide are projected to reach a revenue of USD 1071.0 billion by 2027 from USD 666.0 billion in 2023.
  • Aerospace is expected to be the fastest-growing end-user industry for polyamide 6 at the global level, with the highest CAGR of 7.48% in terms of value during the forecast period (2023-2029). The rising aerospace components production across the world is expected to drive the demand for polyamide 6 in the coming years. For instance, the aerospace components production revenue at the global level is projected to reach USD 723.5 billion by 2029 from USD 505.5 billion in 2023.
Global Polyamide (PA) 6 Market

Asia-Pacific to remain dominant during the forecast period

  • Polyamide 6 exhibits versatile properties like resistance to high temperatures and corrosive environments, making it suitable for the aerospace, automotive, and electrical and electronics industries.
  • Asia-Pacific held the largest market share in terms of PA 6 consumption in 2022. It is projected to register a CAGR of 6.81% in terms of value during the forecast period, attributed to countries like China and Japan, which accounted for 61% and 11%, respectively, of the region's overall polyamide 6 consumption in 2022. China's automotive industry is the major consumer of polyamide 6, accounting for 32% of the country's overall polyamide 6 consumption in 2022. Owing to a surge in local demand and reduced foreign investments, particularly in the EV market, the Chinese automotive industry may continue to grow, thus increasing the demand for polyamide 6. For instance, China's vehicle production is expected to reach 64 million units by 2029 compared to 46 million units in 2022.
  • Middle East is the fastest-growing consumer of PA 6. It is likely to record a CAGR of 7.18% in terms of value during the forecast period, attributed to growing electrical and electronics industry, packaging and aerospace industry, which is expected to grow at a CAGR of 8.88%, 7.16% and 8.08% respectively. The governments in the Middle East are applying digital transformation to achieve the national transformation goals, it has increased investments in electrical and electronics segment and there has been a significant increase in the electrical and electronics production revenue. The governments have been consistently increasing their aerospace and defense investment to boost the component manufacturing in the region.

Polyamide (PA) 6 Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Polyamide 6 (nylon) resins have many applications in almost every industry due to their toughness and abrasion resistance. Nylon 6 is used in applications where toughness, lubricity, and wear are important. The global polyamide (PA) 6 market accounted for 50% of the overall polyamide consumption by revenue in 2022.
  • Polyamide 6 is widely used in the automotive industry for a variety of applications. Air intake manifold valves and engine covers are frequent applications of PA 6. The rising trend of high-strength and lightweight composites in automotive is driving the demand for PA 6. Global vehicle production was at 143 million units in 2022. It is expected to record a CAGR of 3.16% by volume between 2023 and 2029.
  • The electrical and electronics industry is the second-largest consumer of polyamide 6. The revenue from electrical and electronics production peaked in 2022 at USD 580 billion, recording a CAGR of 6.61% between 2023 and 2029 due to an increase in the demand for consumer electronics with increasing technological innovations across different regions. For instance, consumer electronics worldwide are projected to reach a revenue of USD 1071.0 billion by 2027 from USD 666.0 billion in 2023.
  • Aerospace is expected to be the fastest-growing end-user industry for polyamide 6 at the global level, with the highest CAGR of 7.48% in terms of value during the forecast period (2023-2029). The rising aerospace components production across the world is expected to drive the demand for polyamide 6 in the coming years. For instance, the aerospace components production revenue at the global level is projected to reach USD 723.5 billion by 2029 from USD 505.5 billion in 2023.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Region
Africa
By Country
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
Middle East
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Polyamide (PA) 6 Market Size Summary

The Polyamide (PA) 6 market is experiencing significant growth, driven by its extensive applications across various industries such as automotive, electrical and electronics, and aerospace. Known for its toughness, abrasion resistance, and versatility in high-temperature and corrosive environments, PA 6 is increasingly favored in sectors that demand high-strength and lightweight materials. The automotive industry, in particular, is a major consumer, utilizing PA 6 for components like air intake manifold valves and engine covers. The trend towards high-strength composites in vehicles is boosting demand, while the electrical and electronics sector is also a significant contributor, spurred by the rising demand for consumer electronics and technological innovations. Aerospace is emerging as the fastest-growing end-user industry, with increasing production of aerospace components driving the demand for PA 6.

Regionally, Asia-Pacific holds the largest market share, with countries like China and Japan leading in consumption due to their robust automotive and electronics industries. The Middle East is noted as the fastest-growing consumer, driven by investments in electrical and electronics, packaging, and aerospace industries. The region's focus on digital transformation and technological advancements is further propelling demand. The market is moderately consolidated, with major players like BASF SE and DSM leading the industry. Recent developments include expansions in production capacities and the introduction of new polyamide grades to enhance performance in specific applications. These trends indicate a promising outlook for the PA 6 market, with continued growth anticipated in the coming years.

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Polyamide (PA) 6 Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Region

      1. 1.2.1 Africa

        1. 1.2.1.1 By Country

          1. 1.2.1.1.1 Nigeria

          2. 1.2.1.1.2 South Africa

          3. 1.2.1.1.3 Rest of Africa

      2. 1.2.2 Asia-Pacific

        1. 1.2.2.1 By Country

          1. 1.2.2.1.1 Australia

          2. 1.2.2.1.2 China

          3. 1.2.2.1.3 India

          4. 1.2.2.1.4 Japan

          5. 1.2.2.1.5 Malaysia

          6. 1.2.2.1.6 South Korea

          7. 1.2.2.1.7 Rest of Asia-Pacific

      3. 1.2.3 Europe

        1. 1.2.3.1 By Country

          1. 1.2.3.1.1 France

          2. 1.2.3.1.2 Germany

          3. 1.2.3.1.3 Italy

          4. 1.2.3.1.4 Russia

          5. 1.2.3.1.5 United Kingdom

          6. 1.2.3.1.6 Rest of Europe

      4. 1.2.4 Middle East

        1. 1.2.4.1 By Country

          1. 1.2.4.1.1 Saudi Arabia

          2. 1.2.4.1.2 United Arab Emirates

          3. 1.2.4.1.3 Rest of Middle East

      5. 1.2.5 North America

        1. 1.2.5.1 By Country

          1. 1.2.5.1.1 Canada

          2. 1.2.5.1.2 Mexico

          3. 1.2.5.1.3 United States

      6. 1.2.6 South America

        1. 1.2.6.1 By Country

          1. 1.2.6.1.1 Argentina

          2. 1.2.6.1.2 Brazil

          3. 1.2.6.1.3 Rest of South America

Polyamide (PA) 6 Market Size FAQs

The Global Polyamide (PA) 6 Market size is expected to reach USD 9.47 billion in 2024 and grow at a CAGR of 6.02% to reach USD 12.69 billion by 2029.

In 2024, the Global Polyamide (PA) 6 Market size is expected to reach USD 9.47 billion.

Polyamide (pa) 6 Market Report Snapshots

Polyamide (PA) 6 Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029