The European Caprolactam Market Projected to Reach 1 Million Tons by 2023

SOFIA, Bulgaria - Sept. 2, 2019 - PRLog -- According to a recently published report about the European caprolactam market, it was equal to 752 thousand tons in 2013. The largest country market within the region was Germany, which in 2013 accounted for a share of 32% of the total in volume terms. Until 2023, the European market is forecast to reach 1 million tons, thus growing at a CAGR of about 1.1% per annum in the period 2018-2023. This is a slight slowdown, compared to the growth at a CAGR of around 5.8% per year, registered in 2013-2017.

The analytical research projects that the European production of caprolactam is likely to grow to around 1.1 million tons in the medium term. Downwards dynamics of the overall installed production capacities are also expected. However, the annual average utilization rates in the region are expected to remain relatively flat in the next few years. In addition, the market is forecast to remain relatively unbalanced in terms of supply and demand, also showing mixed dynamics in the medium term.

As an overall, the report presents a strategic analysis of the caprolactam market in Europe and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.

The research report has been prepared using the unique Williams and Marshall Strategy's methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.

The report includes information on the following companies:

•        Basf;

•        Lanxess;

•        Spolana Np;

•        Domo Caproleuna;

•        Grupa Azoty;

•        Grupa Azoty Z.A. Pulawy;

•        Ube Industries.

You can find more information about this report here: https://www.wm-strategy.com/catalog/product/view/id/125385/s/europe-caprolactam-market/.