Caprolactam Market is Expected to Reach USD 13.80 Billion by 2019: Transparency Market Research
Summary
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.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.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.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.Asia Pacific accounted for about 51% of the total caprolactam market in 2012, followed by Europe and North America.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.DSM, BASF SE, Honeywell, Ube Industries and Capro Corporation are some of the major participants in the caprolactam industry.Caprolactam Market - Product Segment AnalysisNylon 6 fiberNylon 6 resinCaprolactam Market - Application Segment AnalysisNylon 6 fiberTextilesCarpetIndustrial yarnsOthers (fishing lines, fishing nets, bristles, surgical suture, etc.