Press release
Global Caprolactam Market to Surpass US$ 17.31 Billion by 2025, Buoyed by Rampant Growth of Automobile Industry
CAPROLACTAM
Request sample copy@https://www.coherentmarketinsights.com/insight/request-sample/290
Caprolactam is the basic raw material required in the manufacture of nylon 6 resin and nylon 6 fibers, which account for 26.13% and 52.94% revenue shares, respectively in 2016. Nylon 6 fibers are widely used in manufacturing of carpets, textiles and industrial yarns, while nylon 6 resin are used in automotive and electrical & electronics components manufacturing industry. The growing automotive industry in Asia Pacific is expected to fuel growth of the nylon 6 resin market. For instance, U.S.-based General Motors plans to invest US$ 1 billion in India by 2020, to increase production capacity of its Talegaon plant in Maharashtra from 30,000 units to 220,000 units per year by 2025. Moreover, the booming economy of India is propelling the rise of textile industry across the region. For instance, the Government of India is actively encouraging new entrepreneurs to invest in textiles sector by increasing allocation of funds to Mudra Bank from US$ 20.4 billion to US$ 36.6 billion. This in turn would fuel growth of the caprolactam market during 2017-2025.
Key takeaways of the market:
Asia-Pacific is projected to be the largest region in global caprolactam market. It accounted for around 64.52% of overall caprolactam market revenue in 2016. The market in this region is expected to be primarily driven by rampant growth of end-use industries in China, India, and ASEAN countries. The growing textile and automotive end-use industries, rising urbanization, growing demand for electronic gadgets and electrical equipment are some of the key drivers for the growth of caprolactam market in the Asia-Pacific region.
The market in Latin America is expected to register a significant growth rate over the forecast period. Rise in discretionary income along with increasing automotive sales are expected to create lucrative growth opportunities for the players in this region.
Automotive and textile industry are the key end-use industries in the caprolactam market. Strong growth in automobile sales in Asia-Pacific and Europe are expected to enhance growth of caprolactam market during the forecast period. The automotive applications such as gear, fittings, bearing and under-the-hood components are the key automotive application for the use of Caprolactam.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/global-caprolactam-market-290
BASF SE, China Petroleum & Chemical Corporation, China Petrochemical Development Corporation, Honeywell International Inc., KuibyshevAzot OJSC, Royal DSM N.V., UBE Industries, SINOPEC, Sumitomo Chemical Company Limited are few of the key players in global Caprolactam market.
Technological advancement is leading to the key innovation in the new product launches. Companies are also investing in expansions, mergers & acquisitions, and joint ventures in the market. For instance, in 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. Moreover, in May, 2015, Sumitomo Chemical Company Limited raised caprolactam price by US$ 70 per MT to US$ 1,880 per MT. Furthermore, in May 2015, BASF SE raised caprolactam price by USD 110.2 per MT in North America.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Caprolactam Market to Surpass US$ 17.31 Billion by 2025, Buoyed by Rampant Growth of Automobile Industry here
News-ID: 952543 • Views: …
More Releases from CMI-Research Reports
Corrosion Resistant Resin Market - Global Industry Insights Opportunity Analysis …
Resin is highly viscous or solid substance which can be natural or of synthetic origin. Corrosion resistance resins are mainly formulated as isophthalic, vinyl ester, and terephthalic resins to impart desired property of corrosion resistance. They have application in oil & gas, automotive, and marine industries However, corrosion is major challenges faced by manufactures operating in these industries, as it leads to high monetary and property losses across the aforementioned…
Textile Packaging Market - Global Industry Insights, Trends, Outlook, and Opport …
Packaging textiles comprise all types of textile packing material for industrial, agricultural, and other goods. Textiles are usually preferred as packing materials, where scratch free and safe handling of materials is expected. Textile bags are extensively used for tea packaging. Non-woven textiles offer supreme abrasion resistance, good barrier performance, balanced waterproof properties and air-permeability, excellent tearing and tensile strength, highly uniformed appearance.
Soft luggage bags such as totes, duffle, uprights, and…
Increasing Electrical and Electronics Industry Growth Leading to Augmented Deman …
Gaffers Tape Market Outlook -
Asia Pacific is one of the largest markets for gaffers tape. This is mainly attributed to the rapidly growing construction industry in this region. According to India Brand Equity Foundation (IBEF)—a trust by the Department of Commerce, Ministry of Commerce and Industry, Government of India—,in FY2020 the Indian construction Industry is estimated to reach a value of US$ 5 billion. This inadvertently would boost growth…
Polyvinylidene Fluoride (PVDF) Market - Global Industry Insights, Opportunity An …
Polyvinylidene fluoride (PVDF) is a highly non-reactive thermoplastic fluoropolymer. It is chemically inert to most alcohols, acids, aromatic and aliphatic organic compounds, and chlorinated solvents. It offers properties such as low coefficient of friction, excellent intrinsic fire resistance, operability over a wide range of temperatures, good resistance to UV and radiation, capability for thermoforming, and can be easily joined by welding. Polyvinylidene fluoride is processed by various methods such as…
More Releases for Asia
Asia Private Equity Firm, Asia Private Equity Management, Asia Private Equity Se …
The private equity market in China has been rapidly growing in recent years. Private equity (PE) refers to the purchase of shares in a company that are not publicly traded on a stock exchange. PE firms typically target companies that are undervalued or in need of capital for growth, and aim to improve the company's operations and financial performance before selling it at a higher value.
https://boomingfaucet.com/
Asia Private Equity Consulting
E-mail:nolan@pandacuads.com
In China,…
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,…
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022.
23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property…
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019".
The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn…
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia
Equipping Asia’s navies with the latest diving technology for asymmetric warfare and
operations
SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is
seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting…
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients.
Asked to comment on the move, Luke Palmer, the…
