Caprolactam Market is Estimated to Grow at a CAGR of 6.85% by 2030 - ChemAnalyst
According to ChemAnalyst “ Caprolactam Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030 ” Caprolactam market has shown significant growth as its demand reached 7.5 million tonnes in 2021 and is anticipated to grow at a healthy CAGR of 6.85% in the forecast period until 2030. The growing demand for Caprolactam from various end-use industries, including textile, automotive, and construction sector, is expected to boost the demand for Caprolactam market in the upcoming years. Nylon 6 has excellent strength and elasticity, and offers chemical resistance, damage resistance from oils and abrasion resistance. Because of above mentioned properties, it finds application in textile industry and accounts for over 97% of the total Caprolactam; thereby, fueling the Caprolactam market, globally. Read Full Report Here @ https://www.chemanalyst.com