Vancouver, WA -- (SBWIRE) -- 11/05/2019 -- Caprolactam is an organic substance that utilizes in many applications like candles, coatings & polishing, tire & rubber, hot-melt adhesive, food and cosmetics & personal care.

According to BlueWeave Consulting, the Global Caprolactam Market is projected to exhibit significant growth during 2019-2025. Owing to their preferred properties like high strength, dimensional stability, high creep resistance, and chemical resistance. The growth attributed to augmented usage of these products in various industries such as Automotive, Electrical & Electronics, Industrial & Machinery, Wire & Cable, and Carpet Filament.

Increasing disposable income of consumers and advancement of technologies to manufacture lightweight vehicle will fuel the demand of nylon 6 which will lead to the massive growth of caprolactam market in next five years. More than 60% of caprolactam is consumed in the production of nylon fibers in the textile industry, for carpet and industrial yarns and also utilized in engineering resins and films across the globe.

Growing demand for engineering plastics and films in manufacturing of numerous automotive parts including engine covers, gears, and bearings owing to their resistance to oils and greases is expected to drive product growth. Technological innovations geared at improving the manufacturing process of caprolactam, in order to minimize the production of ammonium sulfate as it is hazardous to the environment, is anticipated to have a positive impact on the product demand. A rise in the fabrics industry will increase the growth opportunities for the market. Other than this, the growing use of nylon 6 in engineering plastics and films, floor coverings, and in the production of industrial yarns will push the sales in the coming years.

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Caprolactam market: competitive landscape

Companies such as AdvanSix Inc., Alpek S.A.B. de C.V., The Aquafil Group, BASF SE, Capro Co., China Petrochemical Development Corporation, Domo Chemicals, Grupa Azoty, Gujarat State Fertilizers & Chemicals Limited, Highsun Group, KuibyshevAzot PJSC, Lanxess AG, Luxi Chemical Group Co., Ltd., China Petroleum & Chemical Corporation (Sinopec), Spolana, Sumitomo Chemical Co., Ltd., Toray Industries, Inc., Ube Industries, Ltd., and Zhejiang Hengyi Group Co., Ltd. are the leading players of caprolactam market across the globe.

Nylon 6 fibers application is projected to be the most lucrative segment of the global caprolactam market during the forecast period

In terms of application, the nylon 6 fiber accounted for the largest market share in 2018 and is projected to dominate the global caprolactam market throughout the forecast period. Rising demand in application of nylon fibers in the automotive industry is likely to drive positive growth in of this market. The fiber has excellent durability and outstanding physical properties. Textile is an area of important end-use for polyamide. These properties of caprolactam aid the end-product to exhibit pleasant tactical qualities, lighter weight, and higher strength. The most commonly used polyamide textiles are produced from polyamide 6, polyamide 66, and other co-polyamides.

The Asia Pacific accounts for the lion's share of the global caprolactam market during the forecast period
Geographically, the caprolactam market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific is the leading region during the forecast timeline. The regional growth was primarily driven by positive growth in the industries such as the automotive and textile industry. Infrastructure development and improving socio-economic trends are some of the significant factors contributing to the growth. Favorable regulations, availability of workforce, and government initiatives to provide attractive FDI regulations have resulted in a shift of manufacturing bases of significant players to regions like China, India, and Indonesia.

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Key Target Audience:

- Market research and consulting firms
- Industry associations
- Caprolactam manufacturers
- Research organizations and consulting companies
- Organizations, associations and alliances related to Caprolactam market
- Regulatory bodies

The objective of the Study:

- To analyze and forecast the Global Caprolactam Market size of the market, in terms of value.
- To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Caprolactam Market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America and their leading countries.
- To outline, categorized and forecast the global Caprolactam Market based on the type and Application.
- To examine competitive developments like technological advancement, services, and regulative framework within the global Caprolactam Market.
- To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
- To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Request for Customizations: If you have any special requirement, please let us know and we can provide you the report as your requirement.

Scope of the Report

By Application

- Nylon 6 Fibers
- Nylon 6 Resins
- Others

By End Use

- Textile Yarn
- Industrial Yarn
- Engineering Plastics
- Carpet fibers & staple fiber

By Raw Material

- Cyclohexane
- Phenol
- Toluene

By Region:

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa

Business Questions answer by the report

- How will the market drivers, restraints and opportunities affect the market dynamics?
- What will be the market size in terms of value and volume and market statistics with a detailed classification?
- Which segment dominates the market or region and one will be the fastest growing and why?
- A comprehensive survey of the competitive landscape and the market participant players
- Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority and that's why BlueWeave Consulting offers customization according to Company's specific needs. The following customization options are available for the report:
Additional Company Information
- With five additional company detail analysis
- Additional country analysis
- Detailed segment analysis

Don't miss the business opportunity of Global Caprolactam Market. Consult to our analyst and gain crucial insights and facilitate your business growth.

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