Press release
Caprolactam Market Report – Industry Size, Growth, Opportunities and Forecasts by 2023
The use of caprolactam in nylon 6 resin production employed in engineering plastics and electronic applications is anticipated to experience major growth in the market over the next few years. The tire cables made from nylon 6 fiber offer superior wear resistance and high strength characteristics due to which demand for the caprolactam market is estimated to rise in the forecast period.Request sample copy of report here : https://www.psmarketresearch.com/market-analysis/caprolactam-market/report-sample
Caprolactam (CPL) is manufactured by the synthesis of phenol or cyclohexane., The colourless solid is a cyclic amide or a lactam of caproic acid. Caprolactam is the predecessor to nylon 6, an extensively used synthetic polymer.
Caprolactam is used to produce nylon 6 fibers and resins that are used widely in various applications. Owing to the superior chemical as well as physical characteristics of caprolactam such as light weight and high tensile strength, nylon 6 fibers have become materials of choice in various textile and carpets application.
By product segment type, the global caprolactam market can be divided into applications of nylon 6 fibre and nylon 6 resins. On the basis of applications of nylon 6 resins, the global caprolactam market can be divided into engineering plastics, packaging, electronics and others (lysine synthesis, composites and musical strings).
Upcoming investments and expansions is a major trend in the caprolactam market. Caprolactam is increasingly replacing metals in automotive applications such as air intake manifolds in nylon 6 resin.
Access Report Summary with Detailed TOC at : https://www.psmarketresearch.com/market-analysis/caprolactam-market
DSM, Honeywell, Ube Industries, BASF SE and Capro Corporation are some of the major competitors in the caprolactam market. Other competitors in the global caprolactam market are China Petrochemical Development Corporation, Azot Cherkassy, Braskem, Domo Caproleuna GmbH, DSM, GSFC Ltd , Shandong Haili Chemical Industry Co. Ltd., Sumitomo Chemical, Lanxess, DSM, Toray Industries, Univex Corp. and many more.
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Caprolactam is an intermediate polymer that is used in the production of nylon 6 fibers and nylon 6 resins, accounting for 98% of the total caprolactam produced globally. Nylon 6 has properties such as chemical resistance, damage resistance from oils, and abrasion resistance. In addition, it has excellent strength and elasticity.
The analysts forecast the global caprolactam market to grow at a CAGR of 6.93% during the period 2016-2020.
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