Press release
Caprolactam Market Size, Share, Price, Demand, Growth, Revenue Statistics and Forecast to 2020-25
Caprolactam Market
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The market is primarily driven by the significant growth in the automotive and textile industries. In automobiles, caprolactam is replacing heavy metal components for manufacturing airbags, doors, windows, tire cords and gears, owing to its resistance to chemicals, oils and abrasion. Apart from this, caprolactam is useful in the production of textile yarn, industrial yarn, engineering plastics, carpet fibers, and staple fibers. Besides this, several manufacturers are focusing on technological and product innovations by developing bio-based caprolactam with minimal traces of hazardous ammonium sulfate. Some of the other factors, such as rapid industrialization, growing focus on the recycling of caprolactam and ongoing research and development (R&D) activities to improve the cost-effectiveness of caprolactam, are further catalyzing the market growth. Looking forward, IMARC Group expects the market to exhibit a CAGR of around 4% during 2020-2025.
Market Breakup by Source:
• Cyclohexane
• Phenol
• Toluene
• Others
Breakup by End-Product:
• Nylon 6 Fibers
• Nylon 6 Resins
• Others
Breakup by Application:
• Industrial Yarns
• Engineering Resins and Films
• Textiles and Carpets
• Others
Competitive Landscape Key Player:
• Advansix Inc.
• Alpek S.A.B. de CV
• BASF SE
• Capro Corporation
• China Petrochemical Development
Corporation
• China Petroleum and Chemical Corporation (Sinopec)
• DOMO Caproleuna GmbH
• Gujarat State Fertilizers and Chemicals
• Koninklijke DSM N.V.
• Lanxess AG
• Sumitomo Chemical Co. Ltd.
• Toray Industries Inc.
• UBE Industries Ltd
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Source: steemit
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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