Caprolactam Market Growth, Trends, Segment To 2020: Grand View Research, Inc.

Global market for caprolactam is expected to witness growth due to its increasing use as a feedstock for the production of nylon 6. China was the largest manufacturer of nylon 6, accounting for over 30% of global capacity in 2013. Capacity expansion of caprolactam production in China due to application growth of fibers and plastics in automotive, construction and electronics industry is anticipated to fuel caprolactam demand over the forecast period. Declining crude oil prices on account of increasing production output for shale gas and tight oil is anticipated to have a positive impact on caprolactam market over the forecast period. In October 2014, Genomatica announced plans to develop bio-based caprolactam through enzymatic conversion. This move is anticipated to open new opportunities for caprolactam market over the forecast period.
http://www.grandviewresearch.com/industry-analysis/caprolactam-market