GLOBAL CAPROLACTAM MARKET ANALYSIS

Name: Global Caprolactam MarketChallenges and Opportunities
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Global Caprolactam Market, Global Caprolactam Market Report, Global Caprolactam Industry Report, Global Caprolactam Market Size, Global Caprolactam Market Share, Global Caprolactam Market Analysis, Global Caprolactam Market Growth, Global Caprolactam Market Trends, Global Caprolactam Market Overview, Global Caprolactam Market Forecast

Global Caprolactam Market, By Raw Material (Cyclohexane/Benzene, Phenol and Toluene, Ammonia, Others), By Product Type (Nylon 6 Fibers (Textile, Carpet, Industrial Yarn, Others), Nylon 6 resins and films (Automotive Industry, Specialty Film Packaging for Food, Wire and Cables, Others)), By Region (North America, Latin America, Europe, Asia Pacific)

Published In : Mar 2023
Code : CMI290
Pages :190
Formats :
Excel and PDF
Industry : Polymers and Resins

Market Challenges And Opportunities

Restraints & Challenges:

The toxicity of caprolactam and the presence of substitute products for nylon 6

Market Restraints

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 2020 continuous caprolactam production capacity reduction are taking place to provide stability in supply and price. On September 12, 2020, BASF SE announced plans to reduce caprolactam production at its Ludwigshafen plant by 100,000 MT over the following 18 months. Moreover, DSM Chemicals ceased operations at its caprolactam plant in the U.S. by the end of 2020. Furthermore, according to Coherent Market Insights analysis, due to continuous oversupply of caprolactam by China, some existing caprolactam production plants are expected to shut down during the forecast period.