Caprolactam Market to offer a healthy CAGR of 5.2% during 2020-25
February 14, 2020
Caprolactam Market Overview:
Caprolactam Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The global market, along with its end-use in polyamide 6, portrayed a considerable growth in the previous few years and this development is expected to soar high in the upcoming years. Sturdiness, quality, lightweight properties, outstanding energy absorbing characteristics, an upsurge in the claim for durable polyamide 6, demand for recyclable caprolactam, and the forthcoming safety guidelines & pioneering techniques advanced for its usage will be the major governing factors for the global caprolactam market with major emphasis on its various types and applications.
Report Overview:
This new report from Stratview Research analyses the Caprolactam Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Caprolactam Market Segment Insights:
Application Type: textile, industrial, carpet and others
Based on the application type, the market is segmented as textile, industrial, carpet, automotive, film & coating, machinery, electrical & electronics, consumer goods, appliances, wire & cable, and others. The automotive application segment accounted for almost 29.6% share of the overall industry demand in 2019, whereas the consumer goods and appliance segments were the fastest-growing segments, owing to their high penetration in all regions. The growth of the segment is attributed to stringent government directives, rising emphasis on salubrious air and water, and the necessity to better the standard of processing and engineering of end-products.
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https://www.stratviewresearch.com/toc/653/caprolactam-market.html
A highly/moderately/fragment consolidated Market
Some of the major players in the caprolactam market are BASF SE, China Petrochemical Development Corporation (Cpdc), China Petroleum & Chemical Corporation (Sinopec Limited), Honeywell International Inc., Kuibyshevazot Ojsc, Lanxess Ag, Royal Dsm N.V., Sumitomo Chemical Company Limited, Shandong Haili Chemical Industry Co. Ltd., and UBE Industries.
Region: North America is estimated to be the fastest-growing market
In terms of regions, presently, Asia-Pacific is the largest consumer of caprolactam and is estimated to lead the market during the forecast period. China and Japan are the growth engines of the region, and accounted for the largest share in the regional volumetric consumption in 2019. The market volume is relatively low in the RoW region, and is expected to register a low growth of 2.9% during the forecast period. North America and Europe are also expected to offer substantial growth opportunities in the coming five years.
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