Caprolactam Market Growth Dynamics Share Value, Size, Business Opportunities and Industry Forecast to 2030
Synopsis of Caprolactam Market: The worldwide caprolactam market is likely to generate USD 14.9 billion by 2019. The market is expected to grow at a CAGR of 8.1% from 2022 to 2030. Caprolactam is an organic compound. This colorless solid is a cyclic amide or a lactam of caproic acid. Caprolactam Market is a medium primarily used in the production of resins and nylon 6 fibers. Caprolactam is majorly consumed in the production of nylon fibers for carpets, industrial yarns, and textiles. Besides, it finds wide applications in films and engineering resins. Nylon 6 textile fibers can be combined with elastane/spandex fibers to create good stretch-fit properties. Nylon 6 finds application in industries such as sportswear, apparel, hosiery, swimwear, casual, and fashion wear. Rugs and carpets made from nylon are available in many structures, styles, patterns, and colors. Caprolactam is an organic compound with the chemical formula (C6H11NO). It is most commonly obtained by the synthesis