Asia Pacific Nylon 6 Compounds Market Forecast (2024-2031)
The Asia Pacific nylon 6 compounds market is projected to grow from US$ 2.45 billion in 2023 to US$ 3.78 billion by 2031; the market is expected to register a CAGR of 5.6% from 2023 to 2031. The electrification of vehicles and the emergence of smart automotive electronics are likely to be key trends stimulating the demand for components manufactured from nylon 6 compounds in the market.
Asia Pacific Nylon 6 Compounds Market Analysis
Nylon 6 compounds are the types of engineering plastics made from polyamide 6 (PA 6). These compounds exhibit superior mechanical properties, thermal resistance, and versatility, which render them valuable in the automotive, textile, and electronics industries, among others. Moreover, the continuous expansion of global manufacturing and industrial activities results in an elevated demand for durable and high-performance materials such as nylon 6 compounds. Their lightweight nature helps vehicle manufacturers improve fuel efficiency and reduce emissions. Further, engine covers, air intake manifolds, and various other structural parts manufactured using nylon 6 compounds show durability, high-temperature tolerance, and chemical resistance. Soaring demand for these compounds in the automotive and electronics industries drives the growth of the nylon 6 compounds market. As these compounds are essential for producing various electronic and structural components that require high performance and reliability, a shift toward electric vehicles is further expected to benefit the market in the coming years. The increasing awareness of the extensive advantages of nylon 6 compounds among different industries is likely to create significant growth opportunities for the nylon 6 market players.
Asia Pacific Nylon 6 Compounds Market Overview
According to the Organization Internationale des Constructeurs d'Automobiles, the global sales of passenger cars increased from 84.8 million in 2022 to 93.5 million in 2023. In December 2022, the passenger vehicle market in China expanded due to increased retail sales. As per the China Passenger Car Association, ~2.17 million passenger cars were sold through retail channels in December 2022, recording a year-on-year surge of 3%. From January to December 2022, 20.54 million passenger cars were sold in China, i.e., a rise of 1.9% year-on-year. The China Passenger Car Association states that a car-purchase tax cut policy has massively contributed to vehicle sales since its amendment in June 2022. The domestic demand and export capacity of India signifies the strength of its automotive industry. The burgeoning domestic demand can be ascribed to the rising income of people from the middle class and policy support from the Government of India. The automobile sector in the country received a cumulative equity FDI inflow of ~US$ 34.11 billion between April 2000 and December 2022. Several automakers have started investing heavily in various industry segments in India to keep up with the growing demand. In February 2023, Nissan and Renault announced their plan to invest US$ 600 million in India over the next 3–5 years to expand their share in the passenger cars and electric vehicles market.
Nylon 6 compounds are highly used in motorcycle engine protection covers, air pump components, heater housing, electric fan housing, and wheels due to their high strength, rigidity, and dimensional stability. Therefore, the strong growth of the automotive industry drives the demand for nylon 6 compounds in Asia Pacific countries.
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Asia Pacific Nylon 6 Compounds Market: Strategic Insights
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Asia Pacific Nylon 6 Compounds Market: Strategic Insights
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Asia Pacific Nylon 6 Compounds Market Drivers and Opportunities
Growing Demand from Electronics Manufacturing Industry Favors Market Growth
The electronics industry is one of the largest and fastest-growing industries in Asia Pacific. Printers, printer cartridges, cameras, earphones, electronic components, and other electrical devices are manufactured using nylon 6 compounds. These compounds are known for excellent toughness, electrical insulating properties, and good abrasion resistance, making them ideal for fittings, pins, bushings, and structural components in electronics. Moreover, the low coefficient of thermal expansion combined with high wear resistance properties makes it an excellent choice for many electrical insulating, bearing, and wear components. The transition toward electric vehicles has led to rising sales of electrical and electronic components in the automotive manufacturing industry. In addition, the growing demand for durable consumer electronics underlines the demand for high-efficiency materials in their production processes.
China is the largest manufacturing hub of electronics in the world. Factors such as the availability of skilled labor, low labor costs, and prevalent supply chains drive the growth of the electronics industry in this country. The Government of India has also adopted an aggressive approach to position the country as an alternative market to China. According to Invest India, the global electronics manufacturing services market is anticipated to reach US$ 1,145 billion by 2026, at a CAGR of 5.4% during 2021–2026. The India Brand Equity Foundation states that the Indian electronics manufacturing industry is projected to reach US$ 520 billion by 2025. The electronics industry is subject to strict quality standards and regulations to ensure the safety, performance, and reliability of electronic products. Therefore, the burgeoning demand from the thriving electronic industry fuels the nylon 6 compounds market growth.
Growing Awareness of Advantages of Nylon 6 Compounds to Create Significant Opportunities
Nylon 6 is known as the most critical technical thermoplastic. Modifying nylon 6 using fillers, fibers, internal lubricants, impact modifiers, etc., enhances the mechanical properties, heat and chemical resistance, and processability, making it highly acceptable in end-use industries. The addition of fillers for reinforcement plays a vital role in altering the operational properties of nylon 6 compounds. The fillers used for reinforcement include glass fiber, carbon fiber, carbon black, aramid fiber, minerals, PTFE, and molybdenum sulfide. The stiffness of nylon 6 compounds after the inclusion of glass fillers makes them a suitable substitute for metals. The main characteristics of glass fiber reinforced nylon 6 are high rigidity, mechanical strength, excellent degree of hardness and toughness, and high creep strength. They also possess extreme dimensional stability, good fatigue strength, and high mechanical damping properties. All these properties of nylon 6 compounds make them suitable for use in products that are exposed to severe static loads over extended periods in high-temperature conditions.
Carbon fiber increases the strength, rigidity, and dimensional stability of nylon 6 compounds. Carbon black fillers improve resistance to wear, UV, and electrical conductivity of these compounds. Reinforcing nylon 6 with aramid fibers offers extreme tensile strength and heat resistance in application industries. Mineral fillers such as talc and calcium carbonate increase the stiffness and heat deflection temperatures of nylon 6. PTFE and molybdenum sulfide are used as fillers to provide lubricating properties and a low coefficient of friction for bearings, gears, and other sliding applications. Therefore, the penetration of nylon 6 compounds in industries such as automotive, electronics, packaging, and aerospace due to the growing awareness of their extensive properties is expected to offer lucrative opportunities for the Asia Pacific nylon 6 compounds market during the forecast period.
Asia Pacific Nylon 6 Compounds Market Report Segmentation Analysis
The key segment that contributed to the derivation of the Asia Pacific nylon 6 compounds market analysis is the end-use Industry.
- In terms of end-use industry, the market is segmented into automotive, electrical and electronics, packaging, textile, aerospace & defense, and others. The automotive segment held a significant market share in 2023.
Asia Pacific Nylon 6 Compounds Market Share Analysis by Country
The Asia Pacific nylon 6 compounds market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In terms of value and volume, China accounted for the largest share of the market in 2023, and it is further expected to record the highest CAGR during the forecast period. The nylon 6 compounds market in India is estimated to register a significant CAGR during 2023–2031. The increasing demand for EVs and HEVs in the country drives the Indian market for nylon 6 compounds. Several favorable government initiatives and programs are promoting the adoption of these vehicles. For instance, the Government of India directly finances EV buyers’ reduction in price. The fiscal incentives include the Goods and Service Tax (GST) rate as low as 5%, which is 28% for vehicles with internal combustion engines. Several chemical manufacturers in the country are engaged in expanding their production facilities to meet the surging demand for nylon 6 compounds from the automotive industry. For instance, in March 2022, BASF SE (Gujarat, India) announced an expansion of its Ultramid nylon 6 compound manufacturing capacity. Ultramid finds wide application in the automotive industry. This production capacity expansion helped the company improve its supply chain by shortening its local delivery time and meeting the just-in-time requirements of the OEMs.
Asia Pacific Nylon 6 Compounds Market Report Scope
Asia Pacific Nylon 6 Compounds Market News and Recent Developments
The Asia Pacific nylon 6 compounds market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market are listed below:
- BASF launched the polyamide 6 made from 100% textile waste, which was turned into a jacket by the renowned clothing brand Zara. (Source: BASF, Press Release, 2024)
- Toray Industries and Honda Motor partnered to develop a chemical recycling technology for glass fiber-reinforced nylon 6 parts from end-of-life vehicles. (Source: Toray Industries, Press Release, 2023)
- DOMO acquired the European Performance Polyamides business from Solvay for producing and commercializing TECHNYL. (Source: DOMO, Press Release, 2023)
Asia Pacific Nylon 6 Compounds Market Report Coverage and Deliverables
The “Asia Pacific Nylon 6 Compounds Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Asia Pacific nylon 6 compounds market size and forecast for all the key market segments covered under the scope
- Asia Pacific nylon 6 compounds market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- Asia Pacific nylon 6 compounds market analysis covering key market trends, country framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Asia Pacific nylon 6 compounds market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The soaring demand from the automotive and electronic manufacturing industries fuels the market growth.
In terms of volume, the market is expected to register a CAGR of 5.3% during 2023–2031. In terms of value, it is estimated to record a CAGR of 5.6% during 2023–2031.
Increasing emphasis on recycled nylon 6 compounds is expected to emerge as a future trend in the market.
Ginar Technology Co Ltd, Nytex Composites Co Ltd, Lanxess AG, Ensinger GmbH, and Domo Chemicals GmbH are among the leading market players.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Asia Pacific Nylon 6 Compounds Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Porter's Five Forces Analysis
4.2.2 Threat of New Entrants:
4.2.3 Threat of Substitutes:
4.2.4 Bargaining Power of Buyers:
4.2.5 Bargaining Power of Suppliers:
4.2.6 Competitive Rivalry:
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors or Suppliers
4.3.4 End-Use Industry
5. Asia Pacific Nylon 6 Compounds Market – Key Market Dynamics
5.1 Asia Pacific Nylon 6 Compounds Market – Key Market Dynamics
5.1.1 Soaring Demand from Automotive Industry
5.1.2 Growing Demand from Electronics Manufacturing Industry
5.2 Market Restraints
5.2.1 Fluctuating Cost of Nylon 6
5.3 Market Opportunities
5.3.1 Growing Awareness of the Advantages of Nylon 6 Compounds
5.4 Future Trend
5.4.1 Increasing Emphasis on Recycled Nylon 6 Compounds
5.5 Impact of Drivers and Restraints:
6. Asia Pacific Nylon 6 Compounds Market Analysis
6.1 Asia Pacific Nylon 6 Compounds Market Volume (Kilo Tons), 2021–2031
6.2 Asia Pacific Nylon 6 Compounds Market Volume Forecast and Analysis (Kilo Tons)
6.3 Asia Pacific Nylon 6 Compounds Market Revenue (US$ Million), 2023–2031
6.4 Asia Pacific Nylon 6 Compounds Market Forecast and Analysis
7. Asia Pacific Nylon 6 Compounds Market Volume and Revenue Analysis – by End-Use Industry
7.1 Automotive
7.1.1 Overview
7.1.2 Automotive: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.3 Automotive: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Electrical and Electronics
7.2.1 Overview
7.2.2 Electrical and Electronics: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031 (Kilo Tons)
7.2.3 Electrical and Electronics: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Packaging
7.3.1 Overview
7.3.2 Packaging: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031 (Kilo Tons)
7.3.3 Packaging: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Textile
7.4.1 Overview
7.4.2 Textile: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031 (Kilo Tons)
7.4.3 Textile: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Aerospace and Defense
7.5.1 Overview
7.5.2 Aerospace and Defense: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031 (Kilo Tons)
7.5.3 Aerospace and Defense: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031 (Kilo Tons)
7.6.3 Others: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
8. Asia Pacific Nylon 6 Compounds Market – Country Analysis
8.1 Asia Pacific
8.1.1 Asia Pacific Nylon 6 Compounds Market Breakdown by Countries
8.1.2 Asia Pacific Nylon 6 Compounds Market Revenue and Forecast and Analysis – by Country
8.1.2.1 Asia Pacific Nylon 6 Compounds Market Volume and Forecast and Analysis – by Country
8.1.2.2 Asia Pacific Nylon 6 Compounds Market Revenue and Forecast and Analysis –by Country
8.1.2.3 Australia: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
8.1.2.3.1 Australia: Asia Pacific Nylon 6 Compounds Market Breakdown by End-Use Industry
8.1.2.4 China: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
8.1.2.4.1 China: Asia Pacific Nylon 6 Compounds Market Breakdown by End-use Industry
8.1.2.5 India: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
8.1.2.5.1 India: Asia Pacific Nylon 6 Compounds Market Breakdown by End-use Industry
8.1.2.6 Japan: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
8.1.2.6.1 Japan: Asia Pacific Nylon 6 Compounds Market Breakdown by End-use Industry
8.1.2.7 South Korea: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
8.1.2.7.1 South Korea: Asia Pacific Nylon 6 Compounds Market Breakdown by End-use Industry
8.1.2.8 Rest of APAC: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
8.1.2.8.1 Rest of APAC: Asia Pacific Nylon 6 Compounds Market Breakdown by End-use Industry
9. Competitive Landscape
9.1 Heat Map Analysis by Key Players
9.2 Company Positioning & Concentration
10. Industry Landscape
10.1 Overview
10.2 Mergers and Acquisitions
10.3 Agreements, Collaborations, and Joint Ventures
10.4 Product Launch
10.5 Expansions and Other Strategic Developments
11. Company Profiles
11.1 Ginar Technology Co Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Nytex Composites Co Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Titan Plastics Compounds Co Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Zig Sheng Industrial Co Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Eiwa Bussan Co Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Lanxess AG
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Chiao Fu Material Technology Co Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Chevy Polymer
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Ensinger GmbH
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Domo Chemicals GmbH
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
List of Tables
Table 1. Asia Pacific Nylon 6 Compounds Market Segmentation
Table 2. Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031 (Kilo Tons)
Table 3. Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031 (Kilo Tons) – by End-Use Industry
Table 5. Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million) – by End-Use Industry
Table 6. Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 7. Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 8. Australia: Asia Pacific Nylon 6 Compounds Market –Volume and Forecast to 2031 (Kilo Tons) – by End-Use Industry
Table 9. Australia: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 10. China: Asia Pacific Nylon 6 Compounds Market –Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 11. China: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 12. India: Asia Pacific Nylon 6 Compounds Market –Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 13. India: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 14. Japan: Asia Pacific Nylon 6 Compounds Market –Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 15. Japan: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 16. South Korea: Asia Pacific Nylon 6 Compounds Market –Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 17. South Korea: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 18. Rest of APAC: Asia Pacific Nylon 6 Compounds Market –Volume and Forecast to 2031 (Kilo Tons) – by End-use Industry
Table 19. Rest of APAC: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
Table 20. Heat Map Analysis by Key Players
List of Figures
Figure 1. Asia Pacific Nylon 6 Compounds Market Segmentation, by Geography
Figure 2. Ecosystem: Asia Pacific Nylon 6 Compounds Market
Figure 3. Fluctuations in Nylon 6 Prices from 2019 to 2023
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Nylon 6 Compounds Market Volume (Kilo Tons), 2021–2031
Figure 6. Asia Pacific Nylon 6 Compounds Market Revenue (US$ Million), 2023–2031
Figure 7. Asia Pacific Nylon 6 Compounds Market Share (%) – End-Use Industry, 2023 and 2031
Figure 8. Automotive: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031(Kilo Tons)
Figure 9. Automotive: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to2031 (US$ Million)
Figure 10. Electrical and Electronics: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031(Kilo Tons)
Figure 11. Electrical and Electronics: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to2031 (US$ Million)
Figure 12. Packaging: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031(Kilo Tons)
Figure 13. Packaging: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to2031 (US$ Million)
Figure 14. Textile: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031(Kilo Tons)
Figure 15. Textile: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to2031 (US$ Million)
Figure 16. Aerospace and Defense: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031(Kilo Tons)
Figure 17. Aerospace and Defense: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to2031 (US$ Million)
Figure 18. Others: Asia Pacific Nylon 6 Compounds Market – Volume and Forecast to 2031(Kilo Tons)
Figure 19. Others: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to2031 (US$ Million)
Figure 20. Asia Pacific Nylon 6 Compounds Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 21. Australia: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. China: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. India: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Japan: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. South Korea: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. Rest of APAC: Asia Pacific Nylon 6 Compounds Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. Company Positioning & Concentration
The List of Companies - Asia Pacific Nylon 6 Compounds Market
- Ginar Technology Co Ltd
- Nytex Composites Co Ltd
- Titan Plastics Compounds Co Ltd
- Zig Sheng Industrial Co Ltd
- Eiwa Bussan Co Ltd
- Lanxess AG
- Chiao Fu Material Technology Co Ltd
- Chevy Polymer
- Ensinger GmbH
- Domo Chemicals GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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