Caprolactam Market Trends Outlook, Growth, Forecast, Trending Report, Demanding Scope, Factor
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 Trends is expected to grow at the CAGR 8.40 % due to high production growth rate in the automo