Latest News on Global Caprolactam Forecast To 2022 Industry Analysis

Summary

Global Caprolactam Market-Segmented by Raw Material, End Product, Application, End-user Industry, and Geography-Trends and Forecasts (2017-2022). The market is expected to gain in emerging markets rapidly, especially the Middle East and Asia-Pacific due to an increase in demand

Description

The global caprolactam market has been estimated at USD XX Billion in 2015  and is projected to reach USD XX billion by 2020, at a CAGR of XX% during the forecast period from 2015 to 2020.

The conventional way to manufacture caprolactam is dependent on its intermediate cyclohexanone, which is produced by the oxidation of  cyclohexane.

However, baprolactam can also be produced from phenol or toulene.  Separately, hydroxylamine sulphate is reacted with the cyclohexanone to produce cyclohexanone oxime, followed by a beckmann rearrangement using oleum  to produce caprolactam.  The typical use of caprolactam is in the formation of nylon-6 fiber. The engineering plastics too find an extensive use of this compound. The nylon is abrasive resistant, highly resilient and finds extensive use in the production of carpets, seat belts and other daily textile needs. The amazing property of nylon being its ability to melt on burning keeps its market always on a high demand.

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The largest production of caprolactam is in Asia-Pacific region, due to a strong need from the engineering plastics and textiles industry. China is the worlds largest market for caprolactam. The caprolactam is majorly produced by the countries like China, United States, Russia and Belgium. The market is extremely positive in the coming years in the Asia-Pacific due to a rise in the textile and automotive industry in the region. Asia Pacific region will account for more than 68% demand by 2020.

The market is expected to gain in emerging markets rapidly, especially the Middle East and Asia-Pacific due to an increase in demand. On the other hand, high volatility in the prices of raw materials pose as serious threats not only to the chemical market but also to the caprolactam market. This can be understood as a new focus towards the Middle East nations.

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There are numerous regional players in Asia-Pacific region. However, the major firms are investing heavily in the research and development for producing the best caprolactams are:

  • BASF SE
  • China Petroleum and Chemical Corporation
  • Honeywell Chemical Intermediates
  • Sumitomo Chemical Company

Key Deliverables in the Study:

  1. Analysis for the global caprolactam market, with region specific assessments and competition analysis on a global and regional scale.
  2. Market definition along with the identification of key drivers and restraints.
  3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence market on a global and regional scale.
  4. Extensively researched competitive landscape section with profiles of major companies along with their market share.
  5. Identification and analysis of the macro and micro factors that affect the global caprolactam market on both global and regional scale.
  6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  8. Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.

No. of Report Pages:  196

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