Caprolactam Market Trend | Expected to Grow with High Probability Business Opportunity by 2030

June 21, 2022

Market Highlights

Caprolactam is an organic compound with the molecular formula ((CH2)5CNH). It is a colorless solid and a lactam of caproic acid. Caprolactam possess irritant properties and is mildly toxic.

Caprolactam is used in various end user industries such as tire cords, films & coatings, consumer goods, wires & cables, monomer castings and molding engineered components and others. Growing demand for caprolactam is due to it is as a raw material to produce Nylon 6 fibers and Nylon 6 resins coupled with continuing growth in end use industries are some of the major factors expected to support the country's caprolactam market during the forecasted period . Moreover, growing textile industry coupled with favorable government initiatives are expected to boost the demand for caprolactam in the country during 2016-2022.

Regional analysis:
The Asia-Pacific Caprolactam Market Trend is expected to grow at the CAGR 4.8% due to high production growth rate in the automotive industry in the region. The report estimates the size of the caprolactam market, both in terms of volume and value. Asia-Pacific caprolactam market is estimated to reach USD 10,102 million by 2022. The key driver of the market is the growing demand from the automotive, electrical & electronics market

China's demand for Caprolactam has been growing at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and capital investment for over two decades. MRFR analysis China's economic trends, investment environment, industry development, supply and demand, and industry structure.

End-use analysis:
Textile yarn was the second largest market in 2016, accounting for over XX% of volume share in 2016 growing demand for textile yarn for manufacturing apparels, sportswear, fashion wear and swimwear is expected to have a positive impact on the industry over the forecast period.

Industrial yarn was the second largest end-use valued over USD 2.08 billion in 2016. Besides increasing consumption of industrial yarn for manufacturing cordage, slings, mechanical rubber goods and geotextiles is expected to result in increasing requirement of the chemical over forecasted period.

Competitive Analysis
BASF SE, China Petroleum & Chemical Corporation, China Petrochemical Development Corporation, Honeywell International Inc., KuibyshevAzot OJSC and DSM dominated the global caprolactam market share in 2016.

Companies including BASF and DSM are integrated across numerous stages of the value chain. These companies are engaged in raw material production, which are consumed for manufacturing caprolactam. Integration across numerous stages of the value chain results in continuous raw material supply including ammonia and cyclohexane

Global Caprolactam Market Players:
The major key players of this market are: BASF SE, Honeywell International Inc, Kuibyshevazot Ojsc, China Petroleum & Chemical Corporation (Sinopec Limited), Lanxess Ag, Royal DSM N.V., Shandong Haili Chemical Industry Co. Ltd., Sumitomo Chemical Company Limited, UBE Industries, China Petrochemical Development Corporation (CPDC), and others.

Segmentation:
The global caprolactam market trend is majorly segmented on the basis of source and end-use. Based on source of caprolactam the market is segmented into phenol, toluene and cyclohexane. Similarly, on the basis of end-use the market is classified into textile yarns, textile stiffeners, film coatings, synthetic leather, plastics, plasticizers and others.

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