Caprolactam Market is Going to hit USD 13.80 Billion by 2019 : Transparency Market Research
The
global caprolactam market is growing at a significant rate in the
current economy. This growth is primarily driven by increasing demand
for engineering and electronics applications of caprolactam.
Caprolactam is manufactured by synthesis of phenol or cyclohexane.
This artificial chemical can be synthesized in a manner befitting a
spectrum of applications. The commercial versions of caprolactam are
known as nylon 6 resin and nylon 6 fiber. Depending on the chemical
and physical attributes, caprolactam is utilized in many different
applications such as nets, fishing lines, industrial yarns, carpets,
and textiles.
Nylon
6 resin is another product generated from caprolactam. In 2012, nylon
6 fibers held more than 66% of the total volume consumed in the
caprolactam market. The caprolactam market is witnessing a large
scale forward integration as majority of manufacturers are also
looking at producing nylon 6, which is its finished product. Some of
the peculiar properties of caprolactam are high strength and being
light weight that make it the perfect product for making resins and
fibers. As nylon 6 fibers offer great tensile strength, strength,
durability, and fatigue resistance, they are used in making tire
cords. As the automobile industry continues to grow it is expected to
drive the industrial yarns market in the coming years. Nylon 6 will
feed this demand along with its increased application in apparels,
swimwear, sportswear, and fashion wear.
Browse
Full Research Report With ToC at :
In
what follows, we take a look at market drivers for the caprolactam
market and its inhibitors that are making a negative impact. The
report on caprolactam market has been compiled by expert industry
analysts, for every enthusiast, businessman, and policy market. The
report on caprolactam market also includes a SWOT analysis and a
Porter’s five forces analysis for a better understanding of the
market.
Market
Segmentation of Caprolactam Market :
Caprolactam
market has been segmented on the basis of type, application, and
geography. On the basis of type, caprolactam market is fragmented as
- Nylon 6 fiber
- Nylon 6 resin.
The
end use of nylon
6 fiber
is further segmented into
- Industrial yarns,
- Carpets,
- Astextiles, and others.
While
those of Nylon
6
resin
are
- electronics,
- engineering plastics,
- packaging, and others.
On
the basis of geography the Caprolactam Market is segmented into :
- North America
- Europe
- Asia Pacific
- Rest of the World.
Forecast
for Global Caprolactam Market :
The
global caprolactam market was valued at US$8,662.5 million in 2012.
However, this market is expected to reach US$13,801.9 million by
2019, growing at a CAGR of 6.9% from 2013 to 2019.
Get
Sample Report Or Purchase Report From here :
According
to analysts, Asia Pacific held 51% of the global caprolactam market
in 2012, with Europe and North America following closely. In the
forecasted period, Asia Pacific is expected to grow at a fast pace
rate in terms of both, production and consumption. This growth is
attributable to rising economies in the region, skilled labor,
equipment, availability of raw materials at a lower cost, and land
are some of the major factors contributing to the growth of
caprolactam market in the Asia Pacific region. Citing the rise in
demand for caprolactam and its other products many manufacturers in
Asia Pacific have expanded their production capacities too. In the
forecasted period between 2013 and 2019, Europe is also likely to
witness a rise in consumption of caprolactam. In terms of volume, the
demand for caprolactam in Europe is expected to grow at a 6.4% from
2013 and 2019.
Some
of the key players profiled in this report are Capro Corporation,
DSM, Honeywell, BASF SE, and Ube Industries.
Contact
Details :
Transparency
Market Research
90
State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA
- Canada Toll Free 866-552-3453
Browse
The Market Research Blog :
No comments:
Post a Comment