WiseGuyReports.Com Publish a New Market Research Report On –“ PA66 Engineering Plastics Industry Global Production,Growth,Share,Demand and Applications Forecast to 2024”.
PA66 Engineering Plastics Market 2019
Description: –
PA66 Engineering Plastics, which is also known as Nylon 66, is one type of polyamide from nylon class. It is made from hexamethylenediamine and adipic acid. These plastics are widely used to get the maximum level of rigidity, high stability and desired mechanical strength. The plastics are used for consumer, industrial, electronics, electrical, and automotive applications. As these industries are growing, they will have a positive impact on growth. These are now gradually replacing the metal parts in the automobiles industry, which, in turn, increasing the demand for PA66.
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Listed Key Players
Invista
Ascend
Solvay
BASF
Asahi Kasei
Dupont
Radici Group
Shenma
Hua Yang
In the year, 2018, the global PA66 Engineering Plastics market value was USD 4250 million. However, looking at the recent market trends, the experts have predicted that the market will cross USD 5130 million by the end of 2025. During the forecast period, i.e., from the year 2018 to 2025, the expected compound annual growth rate will be around 2.4 percent. Such market growth is attributed to the growing usage of these plastics in the automobile industry across the world as various components.
It has ideal properties for high elasticity, better tensile strength, and superior resistance to abrasion. All these factors are anticipated to propel the global market in the coming years. There is an increasing demand for nylon 66 in some other applications, which is greatly fuelling the market. Currently, the majority of the demand for these plastics is obtained by the key manufacturers who are dealing with engineering plastics. However, growing threats of substitutions are expected to affect the growth of this market in the coming years.
Global Market Segmentation Analysis
The worldwide market for PA66 Engineering Plastics is segmented on the basis of type, applications, and regions. Based on the type, it is split into Extrusion grade and injection molding grades. As per the latest statistical data, the injection molding grade segment is expected to witness maximum market share in the coming years. On the other side, the application-based market segment includes machinery equipment, electrical & electronics, automobile, engineering plastic, and others. In the year 20128, the automotive segment dominated the application segment. So, it is expected that during the forecast period, this segment will again enjoy maximum market share and rule the global market.
Regional Market Segmentation Analysis.
Regionally, the global PA66 Engineering Plastics market is segmented into five key regions. They are the Middle East and Africa, Europe, North America, South America, and the Asia Pacific. Apart from the regional market analysis, the report also covers country-level market analysis. The countries are the United States, China, Japan, Canada, Mexico, India, South Korea, Philippines, Australia, Vietnam, Indonesia, Malaysia, Germany, Thailand, France, Russia, the United Kingdom, Italy, Brazil, GCC Countries, South Africa, and others. Among them, the Asia Pacific region is expected to dominate the market during the forecast period. China is the largest consumer and producer of PA66 plastic, and it houses some key players.
Market News
In K 2019, the RediciGroup introduced its all-new high-temperature application product called Radilon NeXTream. The company has developed this in response to the growing demand from consumers across the world. Radilon NeXTream is made of polyamide material which can sustain long-term exposure to high-level temperature. The company is planning to introduce some more new products soon.
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Table of Contents – Major key Points
1 Study Coverage
2 Executive Summary
3 Market Size by Manufacturers
4 PA66 Engineering Plastics Production by Regions
5 PA66 Engineering Plastics Consumption by Regions
6 Market Size by Type
7 Market Size by Application
8 Manufacturers Profiles
Continued….
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