caprolactam market trends 2014 to 2020 by grand view research, inc
Post on 08-Apr-2016
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DESCRIPTIONCaprolactam market is expected to grow at a steady rate in the forecast period owing to its use in the manufacture of nylon 6 polymers that constitute a wide range of applications. For More Information Visit - http://www.grandviewresearch.com/industry-analysis/caprolactam-market
Caprolactam Market Analysis, Market Size, Application
Analysis, Regional Outlook, Competitive Strategies And
Forecasts, 2014 To 2020
Global caprolactam market has witnessed steady growth over the last few years,
along with its end products. Caprolactam market is expected to grow at a steady
rate in the forecast period owing to its use in the manufacture of nylon 6 polymers
that constitute a wide range of applications. Caprolactam is primarily employed in
the manufacture of nylon 6 in the form of resins and fibers. Nylon 6 resins are used
in the manufacture of astextiles, industrial yarns, and carpets, while nylon 6 fibers
are employed in various end-use segments including engineering plastics,
packaging, and electronics. Nylon 6 fibers are primarily used in threading of
automobile tires due to its great tensile strength, durability and light weight.
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Nylon 6 resins are used in the manufacture of apparel, swimwear, sportswear and
fashion wear. When dissolved in water, caprolactam may be utilized for various
medicinal purposes. Thus, growth of industries including automobile, clothing,
textiles and medicines is anticipated to augment growth of nylon 6 fibers and resins
which in turn is expected to propel caprolactam market over the next six years.
Caprolactam is known to be a possible carcinogen on account of its toxic
properties, hence regulations put forth by various authorized agencies is likely to
restrict its market growth.
Key manufacturers of caprolactam include BASF SE, Ube Industries, China
Petroleum & Chemical Corporation, Honeywell International Inc, Capro
Corporation, Royal DSM N.V, China Petrochemical Development Corporation and
Kuibyshevazot OJSC. Honeywell caprolactam, is a merchant grade nylon 6 fiber
that is employed in the manufacture of commercial and residential carpets,
pharmaceutical and engineering plastics and housings.
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