Caprolactam Market Size, Demands, Trends, Growth and Forecasts 2014 to 2021
The Caprolactam Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trend and Growth during the study period (2014–2021).
Caprolactam is a water soluble, white compound that is used in the production of nylon. It is used to produce nylon 6 fibres and nylon 6 resins. Nylon 6 resins are used in the production of engineering plastics as they have properties such as stiffness and strength.
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They are increasingly replacing metal in automotive applications. Nylon 6 textile fibres are used to dye fabrics as they provide stretchability, strength and lightweight. They are used in making apparel, swimwear, sportswear, casual and fashion wear and hosiery.
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The high demand across the industries, such as packaging, consumer goods & appliances, electrical & electronics and automotive will increase the overall consumption of caprolactam. Research and Development is an important part of this market. The manufacturing companies and end-product manufacturers have invested for future advancements and technology advancements of caprolactam.
Major player assessed in the report is :
– BASF SE
– Honeywell International
– Royal DSM N.V.
– Sumitomo Chemicals
– UBE Industries
This will help to replace metals in engineering plastics and match the new demands coming from various end-user industries. Technological innovations are designed so as to improve manufacturing process of the product in order to minimize release of ammonium sulfate as a by-product. The major constraints challenging market growth are limited availability of raw materials, volatile raw material prices and stringent environmental regulations governing the production of the caprolactam.
Asia Pacific is the largest consumer of caprolactam followed by North America and Europe. Asia Pacific is expected to grow significantly during the forecast period due to presence of developing nations which are major consumers of electronics, automobiles and consumer goods.
SEGMENTATIONS IN REPORT :
1. Caprolactam By Material Type :
– Engineering Plastics
2. Caprolactam By Application :
– Nylon 6 Fibers
– Nylon 6 Resins
3. Caprolactam By End-Use :
– Textile Yarn
– Industrial Yarn
– Engineering Plastics
– Carpet Fibers & Staple Fibers
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