The global caprolactam market size reached US$ 15.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2027, exhibiting a growth rate (CAGR) of 4.8% during 2022-2027.
Caprolactam (C6H11NO) is a colorless organic compound that is widely used as a synthetic polymer for the manufacturing of nylon. It is synthesized by combining cyclohexane, phenol and toluene and is commonly used for the manufacturing of high-performance nylon textile, carpet, industrial yarns, engineering resins and films. It is also used for manufacturing brush bristles, film coatings, synthetic leather, plastics, plasticizers and lysine. Caprolactam exhibits high strength, elasticity and resistance to chemicals, oils and abrasion. It can also be combined with elastane fibers to add stretch-fit properties to the nylon, which is used for manufacturing casualwear and fashion apparel, swimwear, sportswear and hosiery.
Significant growth in the automotive and textile industries is one of the key factors driving the growth of the market. Owing to the growing demand for lightweight automobiles, heavy metal components are rapidly being replaced by lightweight caprolactam components to manufacture airbags, doors, windows, tire cords, gear and under the hood components. In addition to this, rapid industrialization across the globe is also providing a boost to the market growth. Caprolactam is widely used for manufacturing fishing nets, tarpaulins and packaging material with high mechanical, optical and low-permeable properties. Various product innovations, including the development of bio-based caprolactam and product variants with minimal traces of toxic ammonium sulfate, are further creating a positive outlook for the market growth. Other factors, including extensive research and development (R&D) activities to enhance the cost-effectiveness of the product, along with rapid industrialization and rising expenditure capacities of the consumers, are projected to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global caprolactam market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, end-product and application.
Breakup by Source:
Breakup by End-Product:
- Nylon 6 Fibers
- Nylon 6 Resins
Breakup by Application:
- Industrial Yarns
- Engineering Resins and Films
- Textiles and Carpets
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Imports and Exports:
- Import Trends
- Export Trends
The competitive landscape of the industry has also been examined with some of the key players being AdvanSix Inc., Alpek S.A.B. de C.V., BASF SE, Capro Corporation, China Petrochemical Development Corporation, China Petrochemical Corporation (Sinopec), DOMO Chemicals GmbH, Gujarat State Fertilizers & Chemicals Limited, Koninklijke DSM N.V., LANXESS AG, Sumitomo Chemical Co., Ltd., Toray Industries, Inc., and Ube Industries, Ltd., etc.
|Base Year of the Analysis
||Source, End-Product, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||AdvanSix Inc., Alpek S.A.B. de C.V., BASF SE, Capro Corporation, China Petrochemical Development Corporation, China Petrochemical Corporation (Sinopec), DOMO Chemicals GmbH, Gujarat State Fertilizers & Chemicals Limited, Koninklijke DSM N.V., LANXESS AG, Sumitomo Chemical Co., Ltd., Toray Industries, Inc., and Ube Industries, Ltd.
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