[191 Pages Report] The global caprolactam market, along with its end products, has witnessed a linear growth in the past few years. This growth is estimated to increase in the coming years. The quality, durability, lightweight nature, excellent energy absorbing property, an upsurge in the demand for durable polyamide 6, and the upcoming safety regulations & innovative techniques for its use will be the key influencing factors for the global market with the increased emphasis on its different types and applications.
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Considerable amount of investments are made by the caprolactam and polyamide 6 players to serve the end-user applications industry in the future. The Asia-Pacific region is the most important market that accounted for about 47.5% market share of the total global demand in 2012. The region is further estimated to show a high growth in the future, mainly due to the high growth potential of polyamide 6 in the automotive market in China and India.
Almost 29.6% of the total industry demand was for the automotive applications in 2012, with the consumer goods and appliances segment also being the fastest growing end-use segments, primarily due to their high penetration in all the regions. The drivers of the industry are: stringent government regulations, increasing pressure for clean air and water, and the need to improve the standard of processing and manufacturing end-products.
This study basically aims to estimate the global caprolactam market for 2014 and to project its demand by 2019. This market research study provides a detailed qualitative and quantitative analysis of the global market. We have used various secondary sources such as encyclopedia, directories, industry journals, and databases to identify and collect information useful for this extensive commercial study of the market. The primary sources - experts from related industries and suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects of caprolactam and polyamide 6.
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The Asia-Pacific and the European regions are the most active markets in terms of strategic initiatives, owing to their emerging and mature market demands respectively. The automotive end-user industry led this rapid growth in the polyamide 6 market, backed by the global automotive vehicle production which is estimated to reach 81 million units in 2013.
The important caprolactam manufacturers include BASF SE (Germany), Royal DSM N.V. (The Netherlands), SINOPEC (China), UBE Industries (Japan), Honeywell International (U.S.), China Petrochemical Development Corporation (China), China Petroleum & Chemical Corporation (China), Shandong Haili Chemical Industry (China), and others.
Mr. Shelly Singh
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