Global Polyamide 6 Market to Reach 7.6 Thousand Metric Tons by 2030
The global market for Polyamide 6 estimated at 6.5 Thousand Metric Tons in the year 2023, is expected to reach 7.6 Thousand Metric Tons by 2030, growing at a CAGR of 2.3% over the analysis period 2023-2030. Polyamide 6 Engineering Resin, one of the segments analyzed in the report, is expected to record a 2.2% CAGR and reach 2.9 Thousand Metric Tons by the end of the analysis period. Growth in the BCF & Staple Yarns segment is estimated at 1.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at 1.7 Thousand Metric Tons, While China is Forecast to Grow at 4.1% CAGR
The Polyamide 6 market in the U.S. is estimated at 1.7 Thousand Metric Tons in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 1.6 Thousand Metric Tons by the year 2030 trailing a CAGR of 4.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 1.1 Thousand Metric Tons by the year 2030.
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