SAN FRANCISCO, August 24, 2015 /PRNewswire/ --
Global caprolactam market is expected to reach USD 15.30 billion by 2022, according to a new report by Grand View Research, Inc. Rising nylon 6 resin and fiber consumption, on account of increasing demand for electronics is expected to drive the market. Electronics industry growth in China has resulted in subsequently driving caprolactam demand over the past few years.
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Caprolactam manufacturing requires low technical complexity along with lesser initial infrastructure investment thus encouraging new participants to enter the market. Technological innovations aimed at improving manufacturing process of the product in order to minimize release of ammonium sulfate as a by-product on account of its hazardous nature is expected to have a positive impact on the industry.
Browse full research report with TOC on "Caprolactam Market Analysis By Application (Nylon 6 Fibers, Nylon 6 Resins) By End-Use (Textile Yarn, Industrial Yarn, Engineering Plastics, Carpet Fibers & Staple Fibers) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/caprolactam-market
North America and Europe together accounted for over 35% of the global market volume share in 2014. Increasing focus on R&D for commercial production of bio-based caprolactam and resultant bio-nylon is expected to open new opportunities for market growth in the near future.
Further key findings from the report suggest:
Grand View Research has segmented the global caprolactam market on the basis of application, end-use and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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