H1 2023: During H1 2023, the major producers of Polyamide 6,6 were Invista Company, BASF SE, and Henan Shenma Chemical Co. Ltd. However, Invista Company was the top producer of Polyamide 6,6 on a global scale. Regionally, the Asia Pacific region was the largest consumer of Polyamide 6,6 during H1 2023. However, Polyamide 6,6 prices declined continuously in the Chinese market. It was backed up by the sluggish performance of the textile downstream sector, due to low functionality of some textile factories due to welfare costs. Similar market behavior was observed in the European market. The prices of polyamide 66 were declining in Europe from January 2023 owing to high product inventory in the region’s market. The rise in inflation and economic downturn had negatively impacted German exports, which resulted in poor consumer spending and trade activity due to lower purchasing power and prominently high funding costs. Furthermore, Radici Partecipazioni SpA (RadiciGroup) declared a force majeure at its Italy site in the beginning of April 2023 which was lifted at the end of the month. However due to the slowdown in economic activity in the German market, the market was sluggish during April-June 2023. The low demand from the textile industries was linked to high interest rates and difficult financial circumstances. Due to low demand circumstances and a concomitant slowdown in the expansion of economic activity, polyamide 6,6 demand dwindled in Germany.
The global Polyamide 6,6 market stood at approximately 1400 thousand tonnes in 2022 and is expected to grow at a CAGR of 5.09% during the forecast period until 2035.
Polyamide 6,6 is a versatile polymer that come under the category of engineering plastics. Polyamide 6,6 is produces usually by the polymerization reaction of Hexamethylene diamine (HMDA) and adipic acid. Cyclohexane is used to make adipic acid, while propylene or butadiene is used to make adiponitrile, which is used to make HMDA. Polyamide 6,6 exhibits exceptional wear resistance, abrasion resistance, and electrical insulation. At moderate temperatures, it offers good resistance to most organic solvents, fuels, and alkaline solutions. High barrier resistance to oxygen, carbon dioxide, odors, and transparency, are all characteristics of Polyamide 6,6. Due to its barrier properties, Polyamide 6,6 is perfect for use in single- or multi-layer food packaging. Owing to its flame retardancy, Polyamide 6,6 is widely used in the electricals & electronics industry.
Polyamide 6,6 possess distinctive qualities like high durability, high tensile strength, great abrasion, low coefficient of friction, and high heat and chemical resistance. It is prominently used by automakers for producing radiator end tanks, oil pans, fuel vapor canisters, air cleaners, intake manifolds, fan shrouds, and electrical components. Metal components are replaced with polyamide mixes in automobiles to lighten the vehicle and improve fuel economy. Applications of polyamide 6,6 in the automotive industry have grown in the past years. As a result of rising electric vehicle sales, the demand for Polyamide 6,6 is likely to sharply increase in the forthcoming years. Furthermore, due to higher tensile strength, polyamide 6,6, is extensively used in the textile industry to produce Carpets and Upholstery, which contributes finely to the market. The global Polyamide 6,6 market is anticipated to reach approximately 2700 thousand tonnes in the year 2035.
Regionally, the Asia Pacific region is dominating the Polyamide 6,6 market, followed by Europe and North America. Although, Asia Pacific consumed approximately 34% of the market in 2022 and is anticipated to maintain its dominance in the forecast period. Due to its high demand for Polyamide 6,6 by industries like automotive and textile in China, India, Taiwan, and Indonesia, coupled with the fast-growing population, the demand for Polyamide 6,6 is anticipated to rise in future. Furthermore, Asia Pacific also leads in terms of producing polyamide 6,6 which ranged around 35% in 2022, with China being the prominent player.
Based on the end-user industry, the global Polyamide 6,6 market is segmented into Automotive, Electricals & Electronics, Textiles, General Industries, and Others. Among these, the Automotive sector is dominating the Polyamide 6,6 market. In 2022, this sector held about 28% of the market share and is anticipated to dominate the market even in the forecast period. Additionally, the textile industry also holds significant market shares.
Major players in the production of Global Polyamide 6,6 are Invista Company, BASF SE, Henan Shenma Chemical Co. Ltd, Solvay, RadiciGroup Spa Chemicals & Plastics, Du Pont De Nemours Inc., Lanxess, Royal DSM Nv., Lealea Enterprise Co, Huafon Group, Asahi Kasei, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2035
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Objective of the Study:
• To assess the demand-supply scenario of Polyamide 6,6 which covers production, demand and supply of Polyamide 6,6 market in the globe.
• To analyse and forecast the market size of Polyamide 6,6
• To classify and forecast Global Polyamide 6,6 market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Polyamide 6,6 market in the globe.
To extract data for Global Polyamide 6,6 market, primary research surveys were conducted with Polyamide 6,6 manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Polyamide 6,6 market over the coming years.
ChemAnalyst calculated Polyamide 6,6 demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce Polyamide 6,6 . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Polyamide 6,6 manufacturers and other stakeholders
• Organizations, forums and alliances related to Polyamide 6,6 s distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polyamide 6,6 s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Polyamide 6,6 s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1400 thousand tonnes
Market size Volume by 2035
2700 thousand tonnes
Growth Rate
CAGR of 5.09% from 2023 to 2035
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2035
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Automotive, Electricals & Electronics, Textiles, General Industries, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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Which region is the leading as a consumer of the global Polyamide 6,6 market?
Ans:
Asia Pacific is the largest consumer of the global Polyamide 6,6 market with a market share of approximately 34% in 2022.
Q2.
Which end-use industry is dominating the Global Polyamide 6,6 market?
Ans:
The Automotive industry is dominating the Polyamide 6,6 market with a market share of nearly 28% in 2022.
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