Caprolactam Market till 2025 BASF SE, China Petroleum & Chemical Corporation, China Petrochemical Development Corporation
Caprolactam Market report categorizes global market by Raw Material (Cyclohexane/Benzene, Phenol and Toluene, Ammonia), Product Type (Nylon 6 Fibers, Nylon 6 resins and films, Polymer Chip), and Geography - Insights, Opportunity Analysis
(EMAILWIRE.COM, September 11, 2018 ) Download PDF Brochure : https://www.coherentmarketinsights.com/insight/request-pdf/290
Nylon 6 fiber and nylon 6 resin have wide applications in automotive and textile industry due to their high tensile strength and superior elasticity. Automakers are focusing on light weighting of vehicles in order to improve fuel efficiency and performance. Thus, metallic parts of automobile are being rapidly replaced by polyamide 6 and nylon 6 due to high temperature and chemical resistance.
Also, nylon 6 have wide applications in electrical and electronic equipment industry due to high electrical insulation and low weight as compared to metal tubes, which includes circuit breakers, voltage switchgears, contactors, tubes for wiring & cables protection, connectors, among others. Also, increasing number of women in the workforce, growing westernization, increasing disposable income and growing demand for convenience food across the globe, is expected to fuel demand for specialty films for packing. Nylon 6 is a key constituent in specialty films.
Request Sample Copy of this Report
Plummeting costs of caprolactam due to increasing production capacity and oversupply is expected to be the key challenge for caprolactam market. As a result, from 2011, continuous caprolactam production capacity reduction are taking place to provide stability in supply and price. On September 12, 2016, BASF SE announced plans to reduce caprolactam production at its Ludwigshafen plant by 100,000 MT over the following 18 months. Moreover, DSM Chemicals plans to cease operations at its caprolactam plant in the U.S. by the end of 2017.
Major players in the global Caprolactam market include BASF SE, China Petroleum & Chemical Corporation, China Petrochemical Development Corporation, Honeywell International Inc., KuibyshevAzot OJSC, Royal DSM N.V., UBE Industries, SINOPEC among others.
Nylon 6 fiber and nylon 6 resin have wide applications in automotive and textile industry due to their high tensile strength and superior elasticity. Automakers are focusing on light weighting of vehicles in order to improve fuel efficiency and performance. Thus, metallic parts of automobile are being rapidly replaced by polyamide 6 and nylon 6 due to high temperature and chemical resistance.
Also, nylon 6 have wide applications in electrical and electronic equipment industry due to high electrical insulation and low weight as compared to metal tubes, which includes circuit breakers, voltage switchgears, contactors, tubes for wiring & cables protection, connectors, among others. Also, increasing number of women in the workforce, growing westernization, increasing disposable income and growing demand for convenience food across the globe, is expected to fuel demand for specialty films for packing. Nylon 6 is a key constituent in specialty films.
Request Sample Copy of this Report
Plummeting costs of caprolactam due to increasing production capacity and oversupply is expected to be the key challenge for caprolactam market. As a result, from 2011, continuous caprolactam production capacity reduction are taking place to provide stability in supply and price. On September 12, 2016, BASF SE announced plans to reduce caprolactam production at its Ludwigshafen plant by 100,000 MT over the following 18 months. Moreover, DSM Chemicals plans to cease operations at its caprolactam plant in the U.S. by the end of 2017.
Major players in the global Caprolactam market include BASF SE, China Petroleum & Chemical Corporation, China Petrochemical Development Corporation, Honeywell International Inc., KuibyshevAzot OJSC, Royal DSM N.V., UBE Industries, SINOPEC among others.
Contact Information:
Coherent Market Insights
Mr. Shah
Tel: +1-206-701-6702
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Coherent Market Insights
Mr. Shah
Tel: +1-206-701-6702
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results