PA 66/6 Market Size, Share, Growth Analysis, By Type(PA 66 and PA 6), By Application(Automotive, Textile, Electrical and electronics, Wire and cables), By Region - Industry Forecast 2024-2031

On the basis of region, global PA 66/6 market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. The Asia Pacific dominated the global market in 2022. The availability of low-cost raw materials and labour, with the increased spending power, is a major driver for the market in this region. The availability of large untapped markets and supportive government policies are supporting global nylon manufacturers to set up production and distribution facilities in the region. Electrical and electronics industries are becoming more interested in PA 66 and PA 6 because plastic parts are more compact and can be easily combined with other components, simplifying the design method.

Global PA66/6 market in North America is primarily driven by the growth of the automotive, aerospace, and key manufacturing industries. Increased application of engineering plastics in various industries such as aerospace, automobile, defence, electrical, and electronics is boosting the demand for PA66 and PA 6 in North America. End-use companies in Canada are looking to include sustainable products in their product portfolio and are collaborating with bio-based nylon manufacturers, which will further contribute to market growth.

Europe accounted for a significant share of global PA66/6 market, due to rising demand for lightweight materials that are corrosion resistant and have high strength properties similar to steel, making them suitable for use in a variety of applications such as gears and cams, so all these factors driving overall market growth in this region during the forecast period.