Rising Demand in the Automobile Sector Generating Growth Opportunities in the Global Caprolactam Market: Technavio Report

Renewable energy

 

  • The major vendors in the Global Caprolactam Market 2014-2018 include BASF SE, Honeywell International, Sinopec and Ube Industries.

London, 03 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Caprolactam Market 2014-2018.   One of the major trends is the rapid expansion and investment made in the APAC region. the shift in focus to bio-based nylon 6 polymers and the innovative techniques in the production of caprolactam will be seen as major driving forces for the Global Caprolactam market. Caprolactam is an intermediate polymer that is used in the production of nylon 6 fibers and nylon 6 resins.

“This rapid growth in the automobile segment has led to increasing demand for nylon 6 fibers and resins, which are the key end-user segments in the Global Caprolactam market,” says Faisal Ghaus, Vice President of TechNavio Research.

“Moreover, several new nylon 6 production facilities coming up in the APAC region are likely to open up opportunities for the Global Caprolactam market during the forecast period.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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