Polyamide-6 Market - Forecast (2021 - 2026)
Polyamide-6 Market is forecast to reach $21.5 billion by 2026, after growing at a CAGR of 6.5% during 2021-2026. Globally, the increasing demand for polyamide-6 from the automotive, electronics, and coating industries; increasing government initiatives; are set to drive the global polyamide-6 market growth. Also, polyamide-6 has a higher temperature tolerance property, which makes it a favored material in various applications requiring high temperatures. Furthermore, the rising usage of bio-based polyamide and increasing use of polyamide-6 in newer industrial verticals will create new opportunities for the global polyamide-6 industry to grow in the predicted era. Impact of Covid-19 Due to the nationwide lockdowns to tackle the COVID-19 outbreak, the automotive industry expects production losses of around 750,000 units and revenues of $2 billion in 2020-2021. Thus the availability and demand for polyamide-6 have decreased with the pause in automotive production. Moreover, considering t...