Caprolactam Market is an organic compound which is used in the production of nylon 6 fibre and resins. Due to its tensile strength, chemical and oil resistance, superior elasticity and low moisture absorbency nylon 6 fibres and nylon 6 resin have increased their demand in the automotive and textile industry. Many automakers are replacing caprolactum with nylon 6 due to its high temperature and chemical resistance. They are also used in electrical and electronic equipment such as circuit breakers, contractor, connectors, switchgears etc. as they have low weight as compared to metal tubes and have high electrical insulations. Due to use of the nylon in apparels, sportswear and other fashion wear the market is going to witness the increasing demand of caprolactum.
Global Caprolactam Market is expected to rise from its initial estimated value of USD 12.83 billion in 2018 to an estimated value of USD 19.54 billion by 2026, registering a CAGR of 5.4% in the forecast period of 2019-2026. Increasing demand for plastics in the construction, automotive and electrical sectors are the factors behind the growth of this market.
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Competitive Analysis: Global Caprolactam Market
Few of the major competitors currently working in Global Caprolactam Market are BASF SE, Honeywell International Inc., China Petrohemical Corporation, Sumitomo Chemical Co., Ltd., UBEE industries Ltd., China Petrochemical Development Corporation, Shandong Haili Chemical Industry Co. Ltd, DSM, KuibyshevAzot, Chemical and Petrochemical Manufacturer Association, KurskKhimvolokno Ltd, Khimvolokno JSC, GradnoAzot JSC.
Key Pointers Covered in the Global Caprolactam Market Trends and Forecast to 2026
- Global Caprolactam Market New Sales Volumes
- Global Caprolactam Market Replacement Sales Volumes
- Global Caprolactam Market Installed Base
- Global Caprolactam Market By Brands
- Global Caprolactam Market Size
- Global Caprolactam Market Procedure Volumes
- Global Caprolactam Market Product Price Analysis
- Global Caprolactam Market Healthcare Outcomes
- Global Caprolactam Market Cost of Care Analysis
- Global Caprolactam Market Regulatory Framework and Changes
- Global Caprolactam Market Prices and Reimbursement Analysis
- Global Caprolactam Market Shares in Different Regions
- Recent Developments for Global Caprolactam Market Competitors
- Global Caprolactam Market Upcoming Applications
- Global Caprolactam Market Innovators Study
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Key Developments in the Market:
- In March 2017, Gujarat State Fertilisers & Chemicals Ltd invested Rs 100 crore in nylon fibre manufacturing. They invested Rs 100 crore to diversify into concrete reinforced fibre (CRF) and nylon reinforced fibre (PRF) manufacturing for construction and infrastructure industries.
- Due to caprolactum high tensile strength and elasticity they are usually used in the automotive and textile industry. These days’ automakers are focusing more on light weight vehicle so that they can improve fuel efficiency and performance.
- As caprolactum uses material like cyclohexane, amino and phenol for its manufacturing. The manufacturing of caprolactum produces ammonium sulphate which is hazardous for the environment.
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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