Caprolactam Market Analysis | Probability, Review Reports, Trending Report, Demanding Growth, Business Opportunity by 2028
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 opportunity 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 2021-2028. Regional analysis: The Asia-Pacific Caprolactam Market is expected to grow at the CAGR 8.40 % due to high production growth ...