PA66 Market Research, 2031
The global pa66 market was valued at $5.9 billion in 2021, and is projected to reach $9.8 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.
PA66 is extensively used in textiles such as garments and carpets, which gives strength, rigidity, and good stability. It is commonly employed in the manufacture of products that require both strength and flexibility, such as fishing line, electrical connections, gears, guitar picks and strings, and medical implants. PA66 is used in electronics for circuit boards and power lines. It possesses excellent abrasion and friction capabilities, as well as being readily flame retardant and self-lubricating, making it perfect for gears and bearings.
Report key highlighters
- The PA66 market is analyzed in both value and volume. The value data is studied in $ millions while the volume data is analyzed in kilotons.
- The PA66 market is analyzed at the 4th level, where the end-use industry segment is classified to the deep dive level covering all niche usage sectors.
- More than 30 countries are analyzed in a detailed manner providing market data analysis up to the 4th level for all countries.
Rise in use of PA66 in various industries such as automotive, electricals & electronics, textile, construction, packaging, consumer goods, and others is predicted to propel the market growth. In addition, surge in demand from automotive industry is anticipated to drive the market growth during the forecast period. However, availability of alternatives is anticipated to hamper the growth of the PA66 market. On the contrary, growing demand from developing and developed economies is expected to generate lucrative opportunities for the global PA66 market growth.
The PA66 market is segmented into form, end-use industry, and region. On the basis of form, the market is categorized into sheet, rod, tubes, and others. On the basis of end-use industry, the market is categorized into automotive, electricals & electronics, textile, construction, packaging, consumer goods, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The PA66 market share is analyzed across all significant regions and countries.
The major players operating in the global PA66 market include Arkema S.A, Ascend Performance Materials LLC, BASF SE, DuPont, Evonik Industries, Honeywell International Inc, Huntsman Corporation LLC, Lanxess, Kurary Co. Ltd, Lealea Group, Radici Group, Royal DSM, SABIC, Solvay, and Toray Advanced Composite. These players have been adopting various strategies to gain higher share or to retain leading positions in the market. Acquisition, product launch and expansion are the most adopted strategies by these players. For instance, in 2020, BASF acquired Solvay’s polyamide (PA 6.6) business. This acquisition will expand BASF’s polyamide capabilities with innovative as well as well-known products including Technyl. It will also allow BASF to offer its customers with better engineering plastics solutions for applications such as e-mobility and autonomous driving. In addition, this acquistion will boost the company’s access to growth markets in regions such as Asia, North America, and South America.
Asia-Pacific dominated the market with the highest revenue share in 2021. In Asia-Pacific, PA66 is employed in textile fibers, carpet fibers, and molded components. Polyamide 66 is employed in both the fashion and industrial sectors. Lightweight and sheer clothes are made from Polyamide 66. PA66 is used in a variety of products in Asia-Pacific, including book bags, back packs, flak jackets, wedding dresses and bridal veils, sports shoes, ponchos, umbrellas, camera cases, swimwear, socks, gloves, caps, luggage, and much more. Further, as new capabilities are added, China will account for about one-third of worldwide nylon resin consumption and more than half of global polyamide capacity in coming years.
The sheet segment dominated the global PA66 market in terms of revenue, in 2021. Polyamide 66 sheets are more stiff, long-lasting, and solid, with high rigidity, hardness, abrasion resistance, and thermal dimensional stability. Polyamide 66 sheets are resistant to a wide range of chemicals, including gasoline, oils, greases, petroleum compounds, the majority of organic solvents, and alkalis.
The automotive segment dominated the global PA66 market in terms of revenue, in 2021. PA66 is used to make brake hoses, fuel lines, and other automotive and transportation equipment. PA66 is widely used in sensors, solenoids, halogen light sockets, fog lamp assemblies, motor end caps, housings, fuel system components such as flanges, fuel rails, fuel line connections, anti-lock braking system components, cooling and heating system components such as thermostat housings, oil filter housings, and turbo charger air coolers. PA66 in automotive industry provides temperature resistance which gives strength, toughness, and stiffness and resist wear and abrasion. PA66 is commonly used as a metal alternative in car under hood parts where design flexibility, temperature and chemical resistance are required. It's used in engine compartments, where it's exposed to high temperatures and fluids like engine oil. It is well recognized for its toughness and hardness, which are utilized in industrial gears like naval propellers.
COVID-19 Impact Analysis:
The COVID-19 pandemic has had a severe influence on the international integrated automotive sector. Symptoms include large-scale production interruptions across Europe, turmoil in Chinese parts exports, and the closure of assembly plants in the U.S. Production was down due to the pandemic crisis and the shutdown of manufacturing facilities throughout the world. However, as markets have gradually opened, manufacturing units have begun production in the second half of 2020, which is a positive indication for the PA66 industry.
PA66, which are in high demand in the packaging in food industry is set to significantly propel the PA66 market during the pandemic. PA66 is frequently used in the design of flexible packaging to save weight while maintaining product freshness.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pa66 market analysis from 2021 to 2031 to identify the prevailing pa66 market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pa66 market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pa66 market trends, key players, market segments, application areas, and market growth strategies.
PA66 Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 9.8 billion |
 Growth Rate | CAGR of 5.5% |
 Forecast period | 2021 - 2031 |
 Report Pages | 800 |
 By Form |
|
 By End-use Industry |
|
 By Region |
|
 Key Market Players | Honeywell International Inc., evonik industries ag, LEALEA, ascend performance materials, BASF SE, KURARY, SABIC, Toray Group, DuPont de Nemours Inc., Radici Group, Koninklijke DSM N.V., Arkema S.A, Huntsman Corporation, Lanxess |
Analyst Review
According to the perspective of the CXOs of leading companies, the PA66 market is anticipated to grow in near future due to its extensive use in applications such as automotive, electricals & electronics, textile, construction, packaging, consumer goods, and others end-use industries. PA66 in is used across many applications such as automotive, electricals and electronics, textile, construction, packaging, consumer goods, and others. Polyamide 66 compounds are found in a wide range of electrical and electronic components, such as connectors in mobile phones, computer motherboards, connectors, terminal blocks, circuit breakers, power tool housing, and so on. PA66 is used in electronics for circuit boards and power cords. Polyamide 66 is used in the construction industry as rods, sheets, tubes, sheaves, wear pads, outrigger pads, drapery hardware, roofing bolts, fixtures, plumbing fittings, and window frame spacers. It provides electrical insulation, corrosion resistance, and durability, and is seen as excellent choice for high-load parts in electrical applications such as insulators and switch housings.
Also, growing demand from developing and developed economies anticipated to drive the market growth during the forecast period. However, availability of alternatives is projected to hinder the market growth. The Asia-Pacific region is projected to register a robust growth during the forecast period.
The global PA66 market was valued at $5.9 billion in 2021, and is projected to reach $9.8 billion by 2031, registering a CAGR of 5.5% from 2022 to 2031.
Rise in use of PA66 in various industries such as automotive, electricals & electronics, textile, construction, packaging, consumer goods, and others is predicted to propel the market growth. In addition, surge in demand from automotive industry is anticipated to drive the market growth during the forecast period.
Sheet is the leading application of PA66 Market
Asia-Pacific is the largest regional market for PA66
The major players operating in the global PA66 market include Arkema S.A, Ascend Performance Materials LLC, BASF SE, DuPont, Evonik Industries, Honeywell International Inc, Huntsman Corporation LLC, Lanxess, Kurary Co. Ltd, Lealea Group, Radici Group, Royal DSM, SABIC, Solvay, and Toray Advanced Composite.
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