Portland, OR, Nov. 11, 2022 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global PA66 market was pegged at $5.9 billion in 2021, and is expected to reach $9.8 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031. The report provides an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $5.9 billion |
| Market Size in 2031 | $9.8 billion |
| CAGR | 5.5% |
| No. of Pages in Report | 800 |
| Segments covered | Form, End-Use Industry, and Region |
| Drivers | Surge in use of PA66 in industries such as automotive, electricals & electronics, textile, construction, packaging, consumer goods, and others |
| Rise in demand from the automotive industry | |
| Opportunities | Growing demand from developing and developed countries |
| Restrains | Availability of alternatives |
Covid-19 scenario:
- The Covid-19 pandemic had a severe impact on the automotive sector, due to large-scale production interruptions across European countries.
- Disruption of supply chain and closure of assembly plants in the U.S. hampered the market growth.
- However, as the manufacturing units have begun production, the PA66 market is expected to get back on track slowly.
The report segments the global PA66 market on the basis of analysis form, end-use industry, and region.
On the basis of form, the sheet segment dominated the market in 2021, contributing to more than two-fifths of the market. In addition, the segment is projected to manifest the highest CAGR of 6.0% during the forecast period.
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Based on end-use industry, the automotive segment held the largest share in 2021, accounting for nearly one-fourth of the market. In addition, the segment is estimated to register the highest CAGR of 6.3% during the forecast period.
The global PA66 market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion’s share in 2021, accounting for nearly two-fifths of the market. Moreover, the region is expected to portray the highest CAGR of 6.7% from 2022 to 2031.
The global PA66 market includes an in-depth analysis of the prime market players such as Ascend Performance Materials LLC, Arkema S.A, DuPont, BASF SE, Honeywell International Inc, Evonik Industries, Lanxess, Huntsman Corporation LLC, Lealea Group, Kurary Co. Ltd, Royal DSM, Radici Group, SABIC, Solvay, and Toray Advanced Composite.
The report analyzes these key players in the global PA66 market. These players have adopted various strategies such as new product launches, expansion, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
