Caprolactam Market Demand and Upcoming Trend by Geography and Forecast to 2023
Posted: Jan 20, 2019
The global caprolactam market is expected to grow at USD 14.9 billion by 2019 growing with the CAGR of 8.1% from 2016 to 2022. Caprolactam is highly used in various end-use specifically, textile yarns, textile stiffeners, film coatings, synthetic leather, plastics, plasticizers and others. Caprolactam are the feedstock for nylon 6 on the contrary, increasing demand for nylon 6 in automobile, consumer goods, electronic and electrical applications.
Key players of the global high caprolactam market are BASF SE, Honeywell International Inc, Kuibyshevazot Ojsc, China Petroleum & Chemical Corporation (Sinopec Limited), Lanxess Ag, Royal DSM N.V., Shandong Haili Chemical Industry Co. Ltd., Sumitomo Chemical Company Limited, UBE Industries, China Petrochemical Development Corporation (CPDC), and others.
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The Global Caprolactam Market is segmented into the source, end-user, and region. Based on the source, the market is segregated into phenol, toluene and cyclohexane. The market by end-use is classified into textile yarns, textile stiffeners, film coatings, synthetic leather, plastics, plasticizers and others. Based on region market is segmented into Asia, Europe, North-America.
Geographically, maximum consumer of Caprolactam Market is in Asia-Pacific followed by Europe and all of them contributes greatly in the growth of the market. North-America are facing sluggish market growth rate. Growth of caprolactam market is Asia Pacific is maximum due to the growing use of caprolactam for various applications along with macroeconomic growth of textile and automotive industry in the region.
Caprolactam finds extensive application during the production of nylon 6 fibers and nylon 6 resins, has accounted for over 97% of the total caprolactam produced across the globe. Besides having excellent strength and elasticity, Nylon 6 offers chemical resistance, damage resistance from oils and abrasion resistance. The benefits have increased the utilization of nylon 6 in a wide range of applications across the textile, automotive, and electrical and electronics industries.
BASF SE, China Petroleum & Chemical Corporation, China Petrochemical Development Corporation, Honeywell International Inc., KuibyshevAzot OJSC and DSM dominated the global caprolactam market share in 2016.
Browse the market data and information spread across 125 pages with 34 data tables and 11 figures of the report "Global Caprolactam Market Research Report- Forecast to 2022" in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/caprolactam-market-2255
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