Caprolactam Market Insights, Research and Growth Factor till 2032
During the forecast period, the global caprolactam market is expected to grow at a CAGR of 3.9%. (2022 to 2032). The caprolactam market is expected to be worth US$ 15.0 billion in 2022, rising to US$ 21.9 billion by 2032. Nylon 6 fibre is the most important caprolactam market driver, accounting for more than three-fifths of global caprolactam consumption. Additionally, increased caprolactam sales can be ascribed to the high demand for nylon 6 resin in film production. In the future years, the caprolactam market is likely to be driven by rising demand for bio-based caprolactam in technical plastics and films, as well as the requirement for lightweight automotive vehicles. Furthermore, the developing automotive and electronics industries, as well as increased demand for plastics in the construction, electrical, and electronics sectors, are boosting the caprolactam market forecast. Numerous governments throughout the world have implemented strict rules on vehicle emissions and fuel econo...