Press release
Injection Molding Polyamide 6 Market worth $10.4 billion by 2025 | Key players Atlas DSM (Netherlands), BASF SE (Germany), DOMO Chemicals (Belgium), Radici Group (Italy).
Injection Molding Polyamide 6 Market, Injection Molding Polyamide 6, APAC Injection Molding Polyamide 6 Market, Polyamide Market
Browse 158 market data Tables and 41 Figures spread through 180 Pages and in-depth TOC on "Injection Molding Polyamide 6 Market - Global Forecast to 2025"
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Based on grade, reinforced PA 6 accounted for a major share of the injection molding polyamide 6 market in 2020, in terms of value. This growth can be attributed to the high demand for reinforced PA 6 from end-use industries such as automotive, electrical & electronics, consumer goods, industrial/machinery, and construction. The reinforcing of polyamide 6 enhances its strength and other properties. Reinforced polyamide 6 offers high mechanical strength, thus, can replace metals in the machinery parts, when compared to unreinforced PA 6.
Thus, the high quality and availability of various grades of the reinforced PA 6 variants are considered as the key factor for its high demand.
Automotive is expected to be the largest end-use industry of the injection molding polyamide 6 market during the forecast period. Injection molding polyamide 6 is extensively used as an efficient replacing metal parts in the automotive industry due to the ease of mass production as well as ease in molding it. Polyamide 6 is also cheaper in unit cost in comparison to metals, which makes it an affordable alternative. Injection molding polyamide 6 is used as a replacement for metals to produce interior and exterior automotive parts.
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The Middle East & Africa is estimated to be the fastest-growing region, in terms of value and volume, in the global injection molding polyamide 6 market. The growth of the Middle East & Africa is the market is majorly driven by the high demand for injection molding polyamide 6 from the automotive industry in the countries such as Saudi Arabia and South Africa.
DSM (Netherlands), BASF SE (Germany), DOMO Chemicals (Belgium), Radici Group (Italy), Lanxess Corporation (Germany), Toray Industries, Inc. (Japan), Sabic (Saudi Arabia), RTP Company (US), Ube Industries Ltd. (Japan), DuPont (US), AdvanSix (US), LyondellBasell Industries Holdings B.V. (Netherlands), ADDIPLAST GROUP (Italy), Grupa Azoty (Poland), AD Majoris (France), Adell Plastics Inc. (US), AKAY PLASTIK (Turkey), Shanghai Pret Composites Co. Ltd. (China), YUH-DEAN Enterprise Co., Ltd. (Taiwan), are some of the key players in the injection molding polyamide 6 market.
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DSM is the leading player in the global injection molding polyamide 6 market. In November 2019, the engineering plastics business of the DSM company entered a partnership with Nexeo Plastics. The partnership was done to enhance its distribution network of DSM engineering plastic products, including Akulon PA6/66 for automotive, electronics, and industrial manufacturers throughout the North American region. The DSM produces wide range of injection molding polyamide 6 under the brand name Akulon.
Another important player in the global injection molding polyamide 6 market is DOMO Chemicals. DOMO produces polyamide 6 under the engineering plastics business segment. Polyamide 6 offered by DOMO engineering plastic division is used in end-use industries such as automotive and the electrical and electronics (E&E), and consumer goods. In August 2019, DOMO Chemicals signed an agreement to acquire Solvay SA's performance polyamides business in Europe. This acquisition will significantly strengthen the DOMO Chemicals downstream polyamide-based engineering materials business in Europe. Further, in March 2020, DOMO Chemicals announced to invest USD 13.28 million in a new polyamide plant in China. The new plant will be in the convenient transportation port area of DuShan, Pinghu city. The new polyamide plant in China is expected to strengthen the position of DOMO Chemicals in the polyamide market of China.
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