PA66 Engineering Plastics Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030
PA66, also referred to as nylon 6, 6, is a polyamide from nylon class. It is made of hexamethylenediamine and adipic acid. PA66 engineering plastics is frequently used when high mechanical strength, great rigidity, and good stability under heat is required. They are used for automotive, electrical & electronics, industrial and consumer applications.
In global market, the production of PA66 engineering plastics increases from 1404.2 K MT in 2011 to 1618.9 K MT in 2015, at a CAGR of more than 3.62%. In 2015, the global PA66 engineering plastics market is led by North America, capturing about 47.48% of global PA66 engineering plastics production. Europe is the second-largest region-wise market with 28.75% global production share. At present, the major manufacturers of PA66 engineering plastics are concentrated in Invista, Ascend, Solvay, BASF, Asahi Kasei, Dupont and Shenma. Invista is the world leader, holding 24.63% production market share in 2015.
In application, PA66 engineering plastics downstream is wide used in automotive, electrical & electronics, machinery equipment and others and recently PA66 engineering plastics has acquired increasing significance in various fields of automotive. Globally, the PA66 engineering plastics market is mainly driven by growing demand for automotive, which accounts for nearly 50.18% of total downstream consumption of PA66 engineering plastics in global.
In the future, global market is expected to witness steady growth on account of rising applications with a CAGR of 3.44% from 2016 to 2022, so in the next few years, PA66 engineering plastics production will show a trend of steady growth. In 2022 the production of PA66 engineering plastics is estimated to be 1976 K MT. On product prices, the slow downward trend in recent years will maintain in the future.
The Global PA66 Engineering Plastics Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global PA66 Engineering Plastics Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Invista
Ascend
Solvay
BASF
Asahi Kasei
Dupont
Radici Group
Shenma
Hua Yang
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Injection Molding Grade
Extrusion Grade
In Market segmentation by applications :
Automotive
Electrical & Electronics
Machinery equipment
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the PA66 Engineering Plastics Market for the forecast period 2023 - 2030?
• What are the driving forces in the PA66 Engineering Plastics Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the PA66 Engineering Plastics industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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