Competitive Landscape
The caprolactam report has analysed the level of competition
among the major manufacturers as well as sector growth and market scenario. The
global Caprolactam Market comprised of a large number of suppliers operating in
the market which comprises large scale and medium scale manufacturers. The
prominent manufacturers of caprolactam as well as medium level producers which
has strong hold in the market have shifted their focus towards growth
association specifically by Asia Pacific as small level and medium level
suppliers belongs to this region specifically from Thailand, India, Singapore,
Australia, Taiwan, Malaysia China, South Korea, Bangladesh, Indonesia, and
Japan. On the other hand, the major manufacturers of caprolactam is following
various strategic plans to improve their product portfolio by set up research
and development centres across the various locations in world, strategic
acquisition and mergers, joint ventures, product launches, and exclusive
agreements. Some of the key players in this market are growing their production
capacity of caprolactam to meet the rising demand for caprolactam across the
globe.
Regional Analysis:
Geographically, Asia Pacific emerged as the largest market
for caprolactam in 2016, followed by Europe and North America. The North
American Caprolactam
Market is estimated to witness steady growth with a moderate CAGR over
the forecast period owing to robust growth of textile and sports industry
combined with rising maintenance activities in this region. In North America
the market is further classified into Canada and the U.S., among them the U.S.
emerged as the leading market and accounted for more than half of the total
regional market share of caprolactam due to strong adoption rate from textile
industry. Asia Pacific is predicted to witness tremendous growth over the
assessment period, during 2017 to 2023.
Caprolactam Market – Overview
Caprolactam are predominantly utilized in number of end use
application such as textile stiffeners, textile yarns, synthetic leather,
plastics, film coatings, plasticizers, and others. Caprolactam Market is
estimated to witness moderate growth owing to their broad range of application
usage specifically in textile and automotive. Furthermore, caprolactam is used
to produce nylon 6 which is further utilized in automotive and construction
sector. Moreover, rising per capita disposable income along with increasing
vehicle production and sales in emerging economies is estimated to drive the
market growth. In addition, growing building & construction activities in
developed and developing economies is estimated to propel the growth of the
market. Furthermore, increasing demand for light weight automotive parts along
with high adoption rate in end use industries is expected to fuel the growth of
the market over the forecast period.
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Global Key Player:
- China
Petroleum & Chemical Corporation
- BASF
SE
- Honeywell
International Inc
- Kuibyshevazot
Ojsc
- Lanxess
Ag
- Royal
DSM N.V.
- Shandong
Haili Chemical Industry Co. Ltd.
- Sumitomo
Chemical Company Limited
- UBE
Industries
- China
Petrochemical Development Corporation (CPDC)
Industry/ Innovation/ Related News:
January 2018- Genomatica, a U.S. based organization
established an agreement with Aquafil, an Italian based manufacturer to develop
sustainable caprolactam genomatica. This company aims to offer environmentally
friendly way to produce intermediate with improved economics.
April 2017- LANXESS announced to expand its
caprolactam production capacity at its Antwerp plant. The investment will cost
around USD 31 million. With this acquisition the company plans to strengthen
its integrated production complex for polyamide and precursor for plastics in
Antwerp.
October 2016- Fertilizer and Chemicals Travancore
Limited (FACT) announced to resume their caprolactam manufacturing to enhance
their financial prospects in the coming months. This production plant has a
capacity of 50,000 tonnes of the organic compound. This strategic move will
help the company to meet the increasing demand of caprolactam in Asia Pacific
region.
June 2016- Unipetrol, a Europe based petrochemical
organization announced to acquire Spolana, which produces industrial
fertilizers, PVC, caprolactam, and other inorganic compounds. This acquisition
will help company to optimize their manufacturing function and strengthen its
market position across the globe.
The demand for caprolactam is expected to raise in numerous
developing and developed countries of Asia Pacific such as China, India, Japan,
Singapore, Australia, Taiwan, Malaysia, Thailand, and South Korea on account of
increasing population along with shifting of manufacturing unit for many key
market players in this region. In Europe, Caprolactam Market is foreseeable to
register above average growth due to shifting consumer preference towards the
caprolactam based sporting material combined with the strong presence of
automotive manufacturers specifically in Germany, Italy, U.K., Spain, Russia,
and France. In addition, numerous countries of Latin America and the Middle
East & Africa are estimated to witness average growth in caprolactam due to
rising per capita disposable income coupled with growing sales of passenger
cars specifically in Argentina, Brazil and Mexico rising construction
activities in Saudi Arabia, Kuwait, Qatar, and the UAE.
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