The use of caprolactam in nylon 6 resin production employed in engineering plastics and electronic applications is anticipated to experience major growth in the market over the next few years. The tire cables made from nylon 6 fiber offer superior wear resistance and high strength characteristics due to which demand for the caprolactam market is estimated to rise in the forecast period.
GLOBAL INDUSTRY INSIGHT: Caprolactam Market Size, Share,
Development, Growth and Demand Forecast to 2020 P&S Market
Research. All rights reserved 2
GlobalCaprolactamMarketSize,Share,Development,Growth and Demand
Forecast to 2020 The use of caprolactam in nylon 6 resin production
employed in engineering plastics and electronic applications is
anticipated to experience major growth in the market over the next
few years. The tire cables made from nylon 6
fiberoffersuperiorwearresistanceandhighstrengthcharacteristicsduetowhichdemandforthecaprolactam
market is estimated to rise in the forecast period. Caprolactam
(CPL)ismanufacturedbythesynthesisofphenolorcyclohexane.,Thecolourlesssolidisa
cyclic amideora lactam ofcaproicacid.Caprolactamisthepredecessorto
nylon6,anextensivelyused synthetic
polymer.Almostallcaprolactamproducedgoesintothemanufactureofnylon-6andisthekeyraw
materialfornylon6.Inwater,caprolactamhydrolysestoaminocaproicacid,whichisusedmedicinally.
Caprolactam is an important polymer having a wide range of
applications across different industries. For more information
visit:
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Caprolactam is used to produce nylon 6 fibers and resins that are
usedwidely in various applications. Owing to
thesuperiorchemicalaswellasphysicalcharacteristicsofcaprolactamsuchaslightweightandhightensile
strength,nylon6fibershavebecomematerialsofchoiceinvarioustextileandcarpetsapplication.Asnylon6
fibersoffergreattensilestrength,durabilityandfatigueresistance,theyareusedinmakingtirecords.The
resistanceofnylon6tooilsandgreaseshasfurtherextendeditsuseinenginecovers,gears
and bearings.
Byproductsegmenttype,theglobalcaprolactammarketcanbedividedintoapplicationsofnylon6fibreand
nylon 6 resins. On the basis of applications of nylon 6 resins, the
global caprolactam market can be divided into engineering plastics,
packaging, electronics and others (lysine synthesis, composites and
musical strings). Based on applications of nylon 6 fibre, the
global caprolactam market can be categorised into
textile,industrial, carpet, machinery, E&E, automotive, film
and coating, consumer goods, appliances, wire and cable, and
others.Upcominginvestmentsandexpansionsisa
majortrendinthecaprolactam market.Caprolactamisincreasingly
replacingmetalsinautomotiveapplicationssuchasairintakemanifoldsinnylon6resin.Hence,intermsof
researchanddevelopment,themanufacturingassociations,companiesandend-productmanufacturersimpart
highinvestmentsforfutureexpansionsandtechnologymodificationsofcaprolactam.Theneedtoimprovethe
standard of processing and manufacturing of end-products is one of
the major drivers of the caprolactam market.
Astheautomobileindustrycontinuestogrow,itisexpectedtodrivetheindustrialyarnsmarketinthecoming
years,whichinturnisdrivingthemarketforcaprolactam.Further,caprolactamisexpectedtodrivethefuture
market growth with increased demand of nylon 6 polymers in
apparels, swimwear, sportswear, and fashion wear. Various minor
metal components have been replaced by nylon 6 resin for weight
reduction. Looking forward, the increase in demand and production
of automobiles is expected to be a major market driver for nylon 6
resin and subsequently the caprolactam market. P&S Market
Research. All rights reserved 3
GlobalCaprolactamMarketSize,Share,Development,Growth and Demand
Forecast to 2020 Unstable raw material prices and concentration of
demand of caprolactam in few countries are the key challenges for
caprolactam market. Asia-Pacific holds the leading caprolactam
capacity, with Europe and North America also having large volumes
of caprolactam. Country-wise, China, the U.S, Belgium, Taiwan and
Russia have the largest capacities. Request for table of content:
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DSM,Honeywell,UbeIndustries,BASFSEandCaproCorporationaresomeofthemajorcompetitorsinthe
caprolactam market. Other competitors in the globalcaprolactam
market are China Petrochemical Development
Corporation,AzotCherkassy,Braskem,DomoCaproleunaGmbH,DSM,GSFCLtd,ShandongHailiChemical
Industry Co. Ltd., Sumitomo Chemical, Lanxess, DSM, Toray
Industries, Univex Corp. and many more.
BrowsemorereportsonChemicalMaterialsandEnergy:https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
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