Press release
Caprolactam Market Insights With Top Vendors BASF SE, China Petroleum & Chemical Corporation, China Petrochemical Development Corporation, Honeywell International Inc., KuibyshevAzot OJSC, Royal DSM N.V., UBE Industries, SINOPEC
Caprolactam
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The global caprolactam market size is estimated at US$ 11,453.48 million (revenue) and 5,747.09 kilo tons (volume) in 2016 and is expected to expand at a CAGR of 4.6% in terms of revenue and 2.7% in terms of volume from 2017 – 2025.
Market Dynamics
Caprolactam are the primary raw materials required in the manufacture of engineering plastics. Growing textiles industry is expected to fuel the market for caprolactam in Asia Pacific. Favorable government policies and foreign investment in the region which includes, according to India Brand Equity Foundation (IBEF), is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India. For instance, Raymond Group has signed a Memorandum of Understanding (MoU) with Maharashtra government for setting up a textile manufacturing plant with an investment of US$ 208.76 million in Maharashtra’s Amravati district of India. Moreover, The Clothing Manufacturer Association of India (CMAI), signed MOU with China Chamber of Commerce (CCCT), for import and export of textiles. Moreover, nylon 6 have wide applications in the manufacturing of fishing nets, sports equipment, tracking harness, ropes, among others. The demand for caprolactam in end-use industry is propelling due to rapid innovation and development of new product aided advantages, for instance on June 17, 2014, Honeywell International Inc., introduced a new Aegis nylon resin designed to protect electrical wirings and cables used in industrial and consumer products.
Detailed Segmentation:
Global Caprolactam Market, By Raw Material:
Cyclohexane/Benzene
Phenol and Toluene
Ammonia
Others
Global Caprolactam Market, By Product Type:
Nylon 6 Fibers
Textile
Carpet
Industrial Yarn
Others
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Major players in the global Caprolactam market include BASF SE, China Petroleum & Chemical Corporation, China Petrochemical Development Corporation, Honeywell International Inc., KuibyshevAzot OJSC, Royal DSM N.V., UBE Industries, SINOPEC among others.
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