Furthermore, the economic development in Asia Pacific will offer the market lucrative growth opportunities. Growth of the textile industry, coupled with the growing automotive sector especially in India and China, is expected to positively impact the market. Application Insights On the basis of Global caprolactam market, the market is segmented into Nylon 6 and Nylon 6 resins.
Nylon Global caprolactam market are used to produce textiles, carpets, industrial yarns, fishing lines, nets etc. Rising disposable incomes, coupled with increasing penetration of players due to new product launches in China and India, is expected to promote textile industry growth.
Nylon 6 resin is the other important derivative of caprolactam. Asia-Pacific and Europe were the major markets for caprolactam in Growth in these end-use segments is expected to augment product demand, which will further have a positive impact on the industry growth over the forecast years.
Europe is projected to witness a remarkable growth rate of 8. In addition to this, the market players are likely to capitalize on opportunities prevalent in end-use segments such Global caprolactam market engineering plastics, electronics, and industrial yarn. Textiles made from nylon 6 fiber include non-woven fabrics and applications such as apparels, swimwear, sportswear, fashion wear etc.
The shift towards more environment friendly and fuel efficient automobiles has encouraged the use of nylon 6 and other plastics in automobiles. As per TMR, the superior physical and chemicals features of nylon 6 resins will boost their demand through the forecast period.
About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U. However, product prices are expected to increase over the forecast period owing to highly volatile raw material prices.
Regionally, Europe and Asia Pacific emerged as leading markets for caprolactam in In automotive industry, metals are replaced with engineered plastics in lightweight vehicles on account of various properties such as low moisture absorption and high mechanical strength.
The chemical properties of caprolactam such as light weight and high strength make it a suitable material for the production of fibers and resins. Rapid industrialization leading to establishment of numerous automotive and appliance manufacturing plants, particularly in India and China, is expected to have a positive impact on industry growth over the forecast years.
Nylon 6 fibers are employed in various applications, including toothbrush, raincoats, sport wears, bedsheets, curtains, ropes, racket strings, threads, and sleeping bags. Nylon 6 is employed in numerous applications including the production of industrial yarns, floor coverings, engineering plastics, and films.
Leading caprolactam manufacturers have concentrated on capacity expansion in Asia Pacific to increase their production capacities.
Caprolactam is used in various end-use industries including as textile yarn, industrial yarn, engineering plastics, carpet fibers and staple fibers.
The Others application segment of caprolactam includes small end users such as fishing lines, fishing nets, composites, lysine synthesis, strings of musical instruments and medical which cannot be quantified individually. The caprolactam demand, in terms of value and volume, depicts the current and Global caprolactam market projections according to the parallel economic and industrial outlook.
In addition, the increasing demand for passenger cars in India and China, owing to the rise in disposable incomes is expected to further boost product demand. Nylon fabric is employed in the manufacturing of various apparel including sport wear, cycle wear and swim wear.
Jul, In order to gain competitive advantage, some of the most prominent companies in the global caprolactam market are focusing on capacity expansion.
Caprolactam is a synthetic chemical that can be synthesized to fit in a broad range of applications. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of caprolactam as precursor to replace metals and match the new demands coming from various end-user industries.
Strategies these companies adopt can sway prevalent market trends. The demand of each product type and application of caprolactam in terms of volume and revenue for each region is forecasted in this report for the period from to The study also provides information on restraints, drivers and opportunities along with the impact on the overall market for the forecast period.
Growth of the automotive industry, particularly in emerging economies of China, Brazil and India, coupled with rising disposable income of consumers, is expected to augment engineering plastics demand.
The Caprolactam have different characteristics as per their manufacturing and application requirement in the end products. Caprolactam Market Share Insights The global caprolactam value chain consists of raw material suppliers, manufacturers, distribution channels, and application industries. Their increasing used in applications such as packaging, engineering plastics, electronics, and musical instrument strings will enable the caprolactam market report accelerated growth.
Increasing Use of Nylon-6 Resins across Diverse Applications to Boost Growth According to TMR, the rising use of nylon-6 across diverse automotive and engineering applications will give significant impetus to the global caprolactam market.
Majority manufacturers of caprolactam are integrated across different stages of the value chain as the demand of the product is largely dependent on the need for nylon 6 fibers and resins in various end-use applications.
The demand for caprolactam is mainly prompted by growing demand from engineering applications and electronics industry. Market volumes are given in kilo tons and market revenue is in USD million.
Nylon 6 resin is used in applications such as engineering plastics, packaging, electronics, musical instrument strings etc. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
Key application industries for caprolactam analyzed in this report include textiles, carpets, industrial yarn, engineering plastic, packaging, electronics and others.
Asia Pacific dominates the global market for caprolactam.The "Caprolactam (CPL): World Market Outlook and Forecast up to " report has been added to mi-centre.com's offering. The present report is an essential resource for a one looking.
The Caprolactam price reports are published weekly in Asia and Europe. The independent pricing assessments cover spot and contract business, while the news and analysis provides an overview of market conditions, plus the impact on prices from demand/supply issues.
The global caprolactam market size was valued at USD billion in and is expected to grow at a CAGR of % over the forecast period. Rising demand for plastics in the construction, automotive, and electrical & electronics sectors is expected to be a key driver for the industry over the forecast years.
Global Caprolactam market in was worth USD billion and is expected to reach USD billion bygrowing at a CAGR of % from to Location: State Tower, 90 State Street, SuiteAlbany, The report "Caprolactam Market by Material Type (Engineering Plastics & Fibers), by Application (Textile, Industrial, Carpet, Automotive, Film & Coating, Machinery, E&E, Consumer Goods, Appliances, Wire & Cable, & Others) - Global Trends & Forecast to ", analyzes the caprolactam market with.
Global Caprolactam Market to Grow at Steady Pace; Demand from Automotive Sector to Drive Growth, says TMRLocation: State Tower, 90 State Street, SuiteAlbany,Download