Demand for Caprolactam across the European countries revived in Q3 with better offtakes heard across the Nylon 6 consuming sectors compared to Q2. Sentiments took a leap with surge in DIY activities as people spent more on home renovations amid lockdown restrictions. Also, the market regained momentum buoyed by the sharp pick-up in the automotive industry with the demand still longing to reach to pre-COVID levels.
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Caprolactam are analyzed and region-wise demand pattern is tracked.
Caprolactam is a colorless organic compound which is highly water-soluble and possesses unique and unpleasant odor. However, long exposure of Caprolactam can cause skin irritation, burning of the eyes, nose, and throat in humans. Caprolactam is a chemical intermediate, widely used in production of nylon 6 fibres and resins. The application of Caprolactam in the production of nylon fibres for textile, carpet and industrial yarns holds a majority share of nearly 68% in the global demand as of 2019, with the remaining share held by the engineering resins and films. The key raw material required for manufacturing of Caprolactam include Cyclohexanone while other feedstocks include phenol or toluene. The major application of Caprolactam include the production of synthetic fibers while other uses include brush bristles, polyurethanes crosslinking, plastics, synthetic leather, and others.
