Caprolactam is an intermediate polymer that is used in the production of nylon 6 fibers and nylon 6 resins, which accounts for 98 percent of the total caprolactam produced. Nylon 6 fibers are used in textiles, carpets, and industrial yarns while nylon 6 resins are used as engineering plastics in the Automotive, Films and Coatings, Wire and Cable, and Electrical industries. Caprolactam uses benzene and cyclohexane as raw material in its production process.
Analysts forecast the Global Caprolactam market to grow at a CAGR of 6.89 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in the Global Caprolactam Market: BASF SE, Honeywell International, Sinopec and Ube Industries.
Other Prominent Vendors in the market are: Azot Cherkassy, Braskem, China Petrochemical Development, Domo Caproleuna, Royal DSM NV, DSM Nanjing Chemical, Gujarat State Fertilizers & Chemicals, Lanxess, Shandong Haili Chemical, Sumitomo Chemical, Toray Industries and Univex.
One of the major trends emerging in the market is the rapid expansion and investment made in the Asia Pacific region. There will be new capacity additions in the APAC region such as China Petroleum & Chemical Corporation is engaged in manufacturing caprolactam in Maoming, and South China will widen the demand for caprolactam in this region.
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Covered in this Report
The Global Caprolactam market can be divided on the basis of the application into the following segments: Nylon 6 Fibers, Nylon 6 Resins, and Others.
Global Caprolactam Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, North America, and the Rest of the World (ROW); it also covers the Global Caprolactam market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers is the increase in disposable incomes in the APAC region. The per capita disposable income in the APAC region is expected to grow along with per capita consumer spending.
Further, the report states that one of the main challenges in the market is the concentration of demand in a few countries. There is a gap between the demand and supply in the Global Caprolactam market because the main production of caprolactam is concentrated in North America and Western Europe while the main consumption is concentrated in the APAC region.
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