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New Revenue Pockets: Caprolactam Market
Currently, the demand of caprolactam is driven by the demand of polyamide 6 in the automotive, electrical & electronics, consumer goods and appliances, and film & coating applications. The demand for caprolactam is supported by stringent government regulations, increasing pressure for lightweight and durable polyamide 6, and the need for improving the standard of processing and manufacturing end-products. The durability and lightweight nature of polyamide 6 has created a significant impact on the various application markets and is already replacing polypropylene and polyethylene in some of the application segments. It meets the requirements of thermal conductivity, distinct density requirements, and other characteristics across the different industry verticals and is an excellent performer compared to other materials
In the Asia-Pacific and ROW region, the volumetric consumption of caprolactam is increasing due to new projects and environmental rules and regulations of the polyamide 6 market. The consumption has increased considerably in the past two years and it is expected to improve in the next five years, thus a decrease in capacity-demand gap can be seen. The increasing purchasing power in developing countries, economic growth, potential projects supported by respective governments, and the need for high performance products may add to the greater demand in the future.
Caprolactam Market By Material Type (Engineering Plastics & Fibers), & By Application (Textile, Industrial, Carpet, Automotive, Film & Coating, Machinery, E&E, Consumer Goods, Appliances, Wire & Cable, & Others) - Global Trends & Forecast to 2019
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