The report “Caprolactam Market by Application (Nylon 6 Fibers (Textile, Industrial, Carpet Filament, Staple Fiber), Nylon 6 Engineering Plastics (Automotive, Electrical & Electronics, Consumer Goods, Industrial & Machinery, Wire & Cable), Films), Region – Global Forecast to 2027″, The caprolactam market is expected to grow from USD 13.1 billion in 2018 to USD 17.7 billion by 2027, at a CAGR of 3.2% during the forecast period. The major factors driving the caprolactam market include the need for lightweight vehicles, the growth of films and coatings applications, and the growth of emerging economies.
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♦ Recent Developments
In May 2018, Aquafil and Genomatica announced the formation of Project EFFECTIVE, a multi-company collaboration to produce more sustainable fibers and plastics for commercial use by using renewable feedstocks and bio-based technologies. One of the key objectives of Project EFFECTIVE is to develop a more sustainable nylon, made from bio-based caprolactam produced using renewable feedstocks.
In February 2018, Aquafil signed an agreement with INVISTA, one of the world’s largest integrated producers of chemical intermediates, polymers, and fibers, to acquire certain tangible and intangible assets related to INVISTA’s nylon 6 business activity in APAC. This will accelerate Aquafil’s investment program in APAC, which has the highest potential, in terms of demand growth for synthetic fibers.
♦ Key Questions Addressed by the Report
- Who are the major market players in the Caprolactam market?
- What are the regional growth trends and the largest revenue-generating regions for the Caprolactam market?
- Which are the significant regions for different industries that are projected to witness remarkable growth for the Caprolactam market?
- What are the major types of Caprolactam that are projected to gain maximum market revenue and share during the forecast period?
- Which is the major application where Caprolactam are used that will be accounting for the majority of the revenue over the forecast period?
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