The changing dynamics in Caprolactam Market with covid-19 impact assessment

The changing dynamics in Caprolactam Market with covid-19 impact assessment

June 03, 2020

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Caprolactam Market.

It was estimated prior to this unanticipated outbreak that the Caprolactam Market was expected to grow at a CAGR of 5.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

 

For a more detailed breakdown of the COVID-19 impact on the Caprolactam Market, request a free sample of the report here:

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Caprolactam is an organic compound, which is used as an intermediate in nylon manufacture. It is a colorless solid and comes from the lactam of caproic acid. It is mildly toxic is nature and is used with fibers for various items.

Caprolactam is used in different applications such as automotive, film & coating, electrical & electronics, consumer goods, appliances, wire & cable, textile, carpet, machinery, and many other industrial items.   

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

 

Click here for description of the report:

https://www.stratviewresearch.com/653/caprolactam-market.html

 

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.

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.

 

Key Players:

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.

 

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

 

The Caprolactam Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors 

 

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Author : Emily

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