Transparency Market Research has released a new market report titled
"Caprolactam (Nylon 6 Fiber and Nylon 6 Resin) Market For Textiles,
Carpets, Industrial Yarns, Engineering Plastics, Packaging, Electronics and
Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2013 - 2019," which observes that the caprolactam demand in
2012 was worth USD 8.66 billion and is expected to reach USD 13.80 billion by
2019, growing at a CAGR of 6.9% from 2013 to 2019. In terms of volume, the
demand for caprolactam was 3,580.0 kilo tons in 2012.
Browse
the full Caprolactam Market
Report with TOC at http://www.transparencymarketresearch.com/caprolactam-market.html
Caprolactam is an important polymer having host of applications across
different industries. Caprolactam is the key raw material for nylon 6.
Caprolactam is used to produce nylon 6 fibers and resins that are used
extensively in various applications. The growing demand of nylon 6 in
engineering and automobile applications as well as rapid economic growth in Asia
Pacific is expected to remain the major driving force for the caprolactam
market. Volatile raw material prices are expected to be a key challenge for
market participants.
Nylon 6 fibers dominated the consumption of caprolactam and accounted for
over 66% of total demand in 2012. Superior chemical as well as physical
characteristics such as light weight and high tensile strength, nylon 6 fibers
have become materials of choice in various textile and carpets application. The
use of caprolactam in nylon 6 resin production employed in engineering plastics
and electronic applications is anticipated to be the major growth market over
the next few years. Similar surge in demand is expected to be witnessed from
industrial yarn applications where nylon 6 fibers are used as tire cords for
enhanced wear resistance and high strength characteristics.
Asia Pacific accounted for about 51% of the total caprolactam market in
2012, followed by Europe and North America. Asia Pacific is also expected to be
the fastest growing regional market in terms of both caprolactam consumption
and production. This can be attributed to the growing economies in this region.
Skilled labor, cheap availability of raw materials, equipments, and land has
resulted in Asia Pacific emerging as a key destination for caprolactam
producers. Recently various manufacturers have concentrated on capacity
expansion in Asia Pacific to increase their production capacities. Europe is
the other major region where caprolactam consumption was very strong and is
expected to grow in demand with a CAGR of about 6.4% in terms of volume from
2013 and 2019.
DSM, BASF SE, Honeywell, Ube Industries and Capro Corporation are some of the
major participants in the caprolactam industry.
Caprolactam
Market - Product Segment Analysis
- Nylon 6 fiber
- Nylon 6 resin
Caprolactam
Market - Application Segment Analysis
- Nylon
6 fiber
- Textiles
- Carpet
- Industrial yarns
- Others (fishing lines, fishing nets, bristles,
surgical suture, etc.)
- Nylon
6 resin
- Engineering plastic
- Packaging
- Electronics
- Others (musical strings, composites, lysine synthesis, etc.)
Caprolactam
Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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