Caprolactam Market, By Raw Material, Product Type, and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2025

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Global Caprolactam Market- By Raw Material,
Product Type, and Geography - Insights,
Opportunity Analysis, and Industry Forecast till
2025

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REPORT DESCRIPTION
Global Caprolactam Market Overview
Nylon 6 fiber and nylon 6 resin have wide
applications in automotive and textile industry
due to their high tensile strength and superior
elasticity. Automakers are focusing on light
weighting of vehicles in order to improve fuel
efficiency and performance. Thus, metallic parts
of automobile are being rapidly replaced by
polyamide 6 and nylon 6 due to high temperature
and chemical resistance. For instance, door
handles, air bag containers, radiator grilles,
relay boxes, air intake manifold and engine
cover, among others are manufactured from
polyamide 6 or nylon 6. Also, nylon 6 have wide
applications in electrical and electronic
equipment industry due to high electrical
insulation and low weight as compared to metal
tubes, which includes circuit breakers, voltage
switchgears, contactors, tubes for wiring
cables protection, connectors, among others.
Also, increasing number of women in the
workforce, growing westernization, increasing
disposable income and growing demand for
convenience food across the globe, is expected to
fuel demand for specialty films for packing.
Nylon 6 is a key constituent in specialty films.
The market is expected to gain traction in Asia
Pacific due to burgeoning growth of various
end-use industries in China and India. As per
Coherent Market Insights, the nylon 6 fibers
segment accounted for 52.94 revenue share in
2016.
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REPORT DESCRIPTION
Plummeting costs of caprolactam due to increasing
production capacity and oversupply is expected to
be the key challenge for caprolactam market. As a
result, from 2011, continuous caprolactam
production capacity reduction are taking place to
provide stability in supply and price. On
September 12, 2016, BASF SE announced plans to
reduce caprolactam production at its Ludwigshafen
plant by 100,000 MT over the following 18 months.
Moreover, DSM Chemicals plans to cease operations
at its caprolactam plant in the U.S. by the end
of 2017. Furthermore, according to Coherent
Market Insights analysis, due to continuing
oversupply of caprolactam by China, some existing
caprolactam plants are expected to shut down
during the forecast period. The global
caprolactam market size is estimated at US
11,453.48 million (revenue) and 5,747.09 kilo
tons (volume) in 2016 and is expected to expand
at a CAGR of 4.6 in terms of revenue and 2.7 in
terms of volume from 2017 2025. Request
sample Copy of this Report_at_https//www.coherentmar
ketinsights.com/insight/request-sample/290

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REPORT DESCRIPTION
Asia Pacific, followed by Europe and North
America accounted for major share in the global
Caprolactam market both in terms of revenue and
volume in 2016 and the trend is estimated to
remain the same over the forecast period. In
2016, Asia Pacific held a share of 64.71 in
terms of volume, followed by Europe (13.67). The
increasing sales for automobile in Asia Pacific
due to growing population, increased urbanization
and growing export of automobiles is expected to
drive growth of the global caprolactam market
over the forecast period. For instance, in 2016,
according to Society of Indian Automobile
Manufacturers (SIAM), Indian automobiles exports
for FY2016 totaled 3,641,212 units. According to
the stats by Coherent Market Insights, the global
nylon 6 fiber market is expected to witness a
CAGR of 4.5 from 2017-2025 in terms of revenue,
which is expected to fuel the global Caprolactam
market. Multinational players need to maintain
the supply and price, as the market for
caprolactam is fragmented in Asia Pacific. Major
players in the global Caprolactam market include
BASF SE, China Petroleum Chemical Corporation,
China Petrochemical Development Corporation,
Honeywell International Inc., KuibyshevAzot OJSC,
Royal DSM N.V., UBE Industries, SINOPEC among
others. Request Customization Of Research Report
_at_https//www.coherentmarketinsights.com/insight/re
quest-customization/290
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