As the global economy emerges from a lengthy downturn, how is the polyamide market likely to develop? Macroeconomic factors are mostly positive for North America, and slow growth is being reported in European countries, but China now faces downward pressure on its economy. China's export competitiveness has declined and its currency has appreciated. Amid this economic uncertainty, how will government policies affect the polyamide industry in China and the rest of the world? The caprolactam market has experienced sharp ups and downs in the past few years. After earning high profits in 2010-2011, caprolactam producers were struggling to break even by the end of 2012 and many have been losing money in 2013 and 2014. Recent start-ups have doubled global caprolactam production capacity and new plants are still being built. What is the outlook for profit margins in 2015 and beyond?
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