Caprolactam Market Share | Review Reports, Expected to Grow with High Probability Business Opportunity by 2030
Market Highlights Caprolactam is an organic compound with the molecular formula ((CH2)5CNH). It is a colorless solid and a lactam of caproic acid. Caprolactam possess irritant properties and is mildly toxic. Caprolactam is used in various end user industries such as tire cords, films & coatings, consumer goods, wires & cables, monomer castings and molding engineered components and others. Growing demand for caprolactam is due to it is as a raw material to produce Nylon 6 fibers and Nylon 6 resins coupled with continuing growth in end use industries are some of the major factors expected to support the country's caprolactam market during the forecasted period . Moreover, growing textile industry coupled with favorable government initiatives are expected to boost the demand for caprolactam in the country during 2016-2022. Regional analysis: The Asia-Pacific Caprolactam Market Share is expected to grow at the CAGR 4.8% due to high production growth rate in the automotive