Caprolactam Market Size To Hit USD 15.74 Billion By 2022 : Grand View Research Inc.
San Francisco, 21 November 2019: The Report Caprolactam Market Size, Share & Trend Analysis Report By Application (Nylon 6 Fibers, Nylon 6 Resins), By End-Use (Textile Yarn, Industrial Yarn, Engineering Plastics) And Segment Forecast, 2015-2022 The global caprolactam market is projected to reach USD 15.74 billion by 2022, according to a new report by Grand View Research, Inc. Rising need for nylon 6 resins and fibers, on account of the growing electronics industry in China, has resulted in a significant increase in demand for the product over the past few years. Growth of the automotive industry, particularly in emerging economies of China, Brazil and India, coupled with rising disposable income of consumers, is expected to augment engineering plastics demand. Development of the fabrics industry is also anticipated to result in high product demand over the forecast years. Nylon 6 is employed in numerous applications including the production of industrial yarns, flo