Caprolactum Market (2018 – 2023) research report provides List of manufacturers, regional analysis, segmentation by type & applications and the actual process of whole Caprolactum industry. Caprolactum Market report delivers a detailed study of present and upcoming Opportunities to clarify future investment in the market.
“Caprolactum Market report is expected to register a CAGR of 4.9% over a five years forecast period.”
List of Major Key players operating in the Global Caprolactum Market are –
- BASF SE
- Capro Corp.
- China National Petroleum Corp.
- China Petroleum & Chemical Corp.
- DOMO Caproleuna GmbH
- Fertilizers & Chemicals Travancore Ltd.
- Gujarat State Fertilizers & Chemicals Ltd.
- Honeywell Chemical Intermediates
- IRPC Public Company Ltd.
- Juhua Group Corp.
- Lanxess AG
- Marubeni Corp.
- Ojsc Kuibyshevazot
- Royal DSM N.V.
- Sumitomo Chemical Co. Ltd.
- Toray Industries
- UBE Industry Group
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The caprolactum market is expected to witness a CAGR of approximately 4.9% during the forecast period (2018 – 2023). The major factors driving the market are the rising demand for nylon 6, the increasing demand from the automotive industry leading to the growth in the industrial yarns market, and the rise in the demand from the engineering resin & films application.
Increasing Demand from Automotive Industry
Nylon 6 fibers are increasingly used in the automotive sector in tire cord manufacture, engine covers, gears, and bearings, owing to their intrinsic properties, such as great tensile strength, durability, and fatigue resistance. Caprolactam is increasingly replacing metals in various automotive applications, such as air intake manifolds in the nylon 6 resin. Therefore, the growing automotive sector is expected to drive the industrial yarns market, which in turn, will drive the caprolactum market.
Nylon Fibers Segment to Dominate the Market
The caprolactum market is segmented on the basis of raw materials, end-product, application, and end-user industry. Based on the end-product, Nylon 6 fibers are the major end-products and have an approximately 53% market share. Owing to the superior chemical as well as physical characteristics of caprolactam, such as lightweight and high tensile strength, nylon 6 fibers are increasingly used in various textile and carpets applications.
Asia-Pacific Showing a Positive Growth
Asia-Pacific is the largest market for caprolactum and it accounts to more than 65% of the global market, in terms of demand. This is due to a strong need from the engineering plastics and textiles industries. China is the worlds largest market for caprolactam. Asia-Pacific is expected to show a positive growth during the forecasted period due to a rise in the textile and automotive industries in the region.
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Global Caprolactum Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
- Asia Pacific (China, Japan, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina and Colombia)
- The Middle East and Africa
Key Questions Answered About Caprolactum Market:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the Caprolactum market for selective countries?
- Which region or sub-segment is selected is expected to drive the market in the forecast period?
- What factors are estimated to drive and restrain the market growth?
- What are the key technological and Caprolactum market trends shaping the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
Reasons to Purchase Caprolactum Market Report:
- The report analyses how stringent emission control norms will drive the global Caprolactum market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Caprolactum market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Caprolactum Market Report TOC Includes:
- Introduction of Caprolactum Market
- Research Approach and Methodology
- Caprolactum Market Overview
- Caprolactum Market Segmentation
- Competitive Landscape
- Company Profiles
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