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.
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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.
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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.
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all Press Releases:
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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.)
Browse
all Article :
http://www.transparencymarketresearch.com/articles.htm
Caprolactam
Market - Regional Analysis
North
America
Europe
Asia
Pacific
Rest
of the World (RoW)
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all Chemical & Materials Market Research Reports @
http://www.transparencymarketresearch.com/chemical-market-reports-2.html
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