Caprolactam Market Is Set For A Moderate Growth And Is Expected To Reach USD 14.9 Billion By 2022 Market Highlights Caprolactam is an organic compound with the molecular formula ((CH2)5CNH). It is a colorless solid and a lactam of caproic acid. Caprolactam possess irritant properties and is mildly toxic. Caprolactam is used in various end user industries such as tire cords, films & coatings, consumer goods, wires & cables, monomer castings and molding engineered components and others. Growing demand for caprolactam is due to it is as a raw material to produce Nylon 6 fibers and Nylon 6 resins coupled with continuing growth in end use industries are some of the major factors expected to support the country's caprolactam market during the forecasted period . Moreover, growing textile industry coupled with favorable government initiatives are expected to boost the demand for caprolactam in the country during 20162022. Test the market data and market information presented through more than 50 market data tables and figures spread over 125 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on” Global Caprolactam Market Research Report- Forecast to 2022”
Major Key players BASF SE Honeywell International Inc Kuibyshevazot Ojsc China Petroleum & Chemical Corporation (Sinopec Limited) Lanxess Ag, Royal DSM N.V. Shandong Haili Chemical Industry Co. Ltd. Sumitomo Chemical Company Limited UBE Industries China Petrochemical Development Corporation (CPDC) Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2255
Regional analysis: The Asia-Pacific Caprolactam Market is expected to grow at the CAGR 4.8% due to high production growth rate in the automotive industry in the region. The report estimates the size of the caprolactam market, both in terms of volume and value. Asia-Pacific caprolactam market is estimated to reach USD 10,102 million by 2022. The key driver of the market is the growing demand from the automotive, electrical & electronics market