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Caprolactam is a colorless solid organic compound and is a lactam of caproic acid. Caprolactam exhibits superior properties, including high strength, elasticity, abrasion resistance, chemical & oil resistance, and low moisture absorbency of nylon fibers and resins, which are expected to propel product demand.
According to Researcher, the global caprolactam market is expected to witness a significant growth rate having a CAGR of around 5% during the forecast period. The major factors responsible for the global caprolactam market's growth are the expanding automotive industry and the growing demand for industrial yarn across the world. Caprolactam is used to produce nylon 6-6 fibers, which is further used in carpets, textile fibers, and industrial fibers.
In terms of regional segmentation, the Asia-Pacific region is expected to be the largest market for caprolactam Asia over the forecast period. Particularly in India and China, rapid industrialization has led to the establishment of numerous automotive and appliance manufacturing plants; it is likely to impact the industry positively. The key end-users of caprolactam are textile yarn, engineering plastics, carpet fibers, industrial yarn, and staple fibers.
In terms of segmentation by end-product, the nylon six resin segment has the largest market share and is projected to continue this trend over the forecast period, as it is used to manufacture gears, fittings, steering fluids, etc in the automotive industry.
The global Caprolactam market is partially fragmented.
In October 2018, DSM completed the sale of Fibrant’s caprolactam business to Highsun Holdings Group Ltd.
The Global Caprolactam Market report provides deep insight into the Caprolactam market's current and future state across various regions. The study comprehensively analyzes the Caprolactam market by segmenting based on Raw Material (Phenol, Cyclohexane, Toluene, and Other Raw Materials), End-product (Nylon 6 Resins, Nylon 6 Fibers, and Other End Products), End-User Industry (Industrial Yarns, Engineering Resins & Films, Textiles & Carpets, and Other End User Industries) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies' profiles, including their market shares and projects.
According to Researcher, the global caprolactam market is expected to witness a significant growth rate having a CAGR of around 5% during the forecast period. The major factors responsible for the global caprolactam market's growth are the expanding automotive industry and the growing demand for industrial yarn across the world. Caprolactam is used to produce nylon 6-6 fibers, which is further used in carpets, textile fibers, and industrial fibers.
In terms of regional segmentation, the Asia-Pacific region is expected to be the largest market for caprolactam Asia over the forecast period. Particularly in India and China, rapid industrialization has led to the establishment of numerous automotive and appliance manufacturing plants; it is likely to impact the industry positively. The key end-users of caprolactam are textile yarn, engineering plastics, carpet fibers, industrial yarn, and staple fibers.
In terms of segmentation by end-product, the nylon six resin segment has the largest market share and is projected to continue this trend over the forecast period, as it is used to manufacture gears, fittings, steering fluids, etc in the automotive industry.
The global Caprolactam market is partially fragmented.
Major players
in the market are Sumitomo Chemical Co., Ltd., UBE Industries, Ltd., DSM, Capro Co., China Petrochemical Development Corporation, and LANXESS AG.In October 2018, DSM completed the sale of Fibrant’s caprolactam business to Highsun Holdings Group Ltd.
The Global Caprolactam Market report provides deep insight into the Caprolactam market's current and future state across various regions. The study comprehensively analyzes the Caprolactam market by segmenting based on Raw Material (Phenol, Cyclohexane, Toluene, and Other Raw Materials), End-product (Nylon 6 Resins, Nylon 6 Fibers, and Other End Products), End-User Industry (Industrial Yarns, Engineering Resins & Films, Textiles & Carpets, and Other End User Industries) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies' profiles, including their market shares and projects.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
