New York, NY 23 Dec 2020: The global caprolactam market size is anticipated to reach USD 28.2 billion by 2026 according to a new research published by Polaris Market Research. The report “Caprolactam Market Share, Size, Trends, Industry Analysis Report, By End-Product (Nylon 6 Resins, Nylon 6 Fibers, and Others); By Application (Industrial Yarns, Engineering Resins & Films, Textiles & Carpets, and Others); By End-Use (Textile, Carpet, Automotive, and Others), By Regions, Segments & Forecast, 2019 – 2026” provides detailed insight on current market growth indices and future market trends.
Caprolactam is a major raw material for the production of nylon 6 engineering resins and nylon 6 fibers. This market is primarily driven by end- use industries such as automobiles, textiles, electrical and electronics, engineering plastics, specialty film packaging, wire and cabling and others. A rising demand for plastics in the construction, automotive and electrical and electronics sectors is expected to be key enabler to growth over forecast period.
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The growth in Caprolactam has made an impact due to rapidly growing sportswear, fashion clothing, protective clothing and others. Nylon 6 fibers are used in manufacturing textile products and industrial yarn. Nylon 6 fibers are derived from Caprolactam.
An expanding populace coupled with growing personal incomes of consumers has seen textile and automobile industry witness extraordinary growth. Electric vehicles having entered the market has soared consumer expectations. The strong economic indices of many middle-income countries in the world have rapidly driven demand for high product among consumers. The product is made from ammonia, cyclohexane and phenol. As these materials are petro chemically derived, the product might be subject to price volatility. The raw materials are mainly located in China and the U.S. The countries drive growth in Caprolactam market because of increasing presence of oil refineries in the countries. The year 2016 saw major price fluctuations due to pricing of raw material benzene and derivatives and restricted supply.
Caprolactam includes two major end-use products, nylon 6 fibers and nylon 6 resins. Nylon 6 fiber is used preferentially in carpets, industrial yarns and textile industries and Nylon 6 resins finds its way in specialty films packaging, engineering plastics, wires and cables and automotive industries.
China is the major consumer of Caprolactam globally amidst Asia Pacific region that has grown to be the fast-regional player. This happens due to excess capacity derived in China and immediate developments in automobile, textile and plastic industries. Substantial product is discovered in Asia pacific region such as Taiwan, South Korea, Japan, India and SE Asia. Caprolactam finds application in various end-use industries including textile yarn, industrial yarn, engineering plastics, carpet fibers and staple fibers.
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The global cparolactum market comprises major international and domestic market players. Some of the key companies include BASF SE, China National Petrochemical Corp., DOMO Caproleuna GmbH, Honeywell Chemical Industries, China Petroleum and Chemical Corp, Royal DSM NV and IRPC Public Company Ltd.
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The Caprolactam Market has observed unceasing growth in the past few years and has prospects to grow even further during the forecast period (2020-2027).
The study provides a comprehensive view and insights, highlighting the key outcomes of the industry.
These insights help interested individuals or individuals to frame better business strategies and make informed decisions for superior profitability.
Moreover, the forecast aids venture or private players, in assessing the companies and taking the best available route to optimize their options.The report covers all the intricate details of the Caprolactam market and how it has fared in the past.
de C.V., BASF SE, Capro Corp, DOMO Caproleuna GmbH, Grupa Azoty, Gujarat State Fertilizers & Chemicals Limited, Highsun Group, KuibyshevAzot PJSC, Fertilizers & Chemicals Travancore Ltd, Juhua Group Corp., Lanxess AG, Sumitomo Chemical Co. Ltd, Toray Industries, Inc., and UBE Industry Group.
The Caprolactam segments and market characteristics are mentioned below:For better understanding of the study, Reports and Data have segmented the caprolactam market based on application, end-use, and region: Application (Revenue in USD Million; Volume in Tons, 2016–2026):Nylon 6 FibersNylon 6 Resins End-Use (Revenue in USD Million; Volume in Tons, 2016–2026):Textile yarnIndustrial yarnEngineering PlasticsCarpet fibers & staple fibersMarket segmentation of the Caprolactam Industry based on Geographical Break-down: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.For readers interested in the Caprolactam Industry, this report will serve as an exhaustive database, giving the user a comprehensive outlook.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
