Global Caprolactam Market Outlook and Forecast up to 2020: Grand View Research, Inc.
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. 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.
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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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