Caprolactam  Market Research Report‚ÄĒGlobal Forecast till 2030

Caprolactam Market Research Report Information By Application (Nylon 6 Fibers, Nylon 6 Resins), By End-Use (Textile Yarn, Industrial Yarn, Engineering Plastics), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) ‚Äď Market Forecast Till 2030.

ID: MRFR/CnM/1657-CR | 100 Pages | Author: Priya Nagrale | September 2022         

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Global Caprolactam Market Overview


The Caprolactam Market Size was valued at USD 16.41 Billion in 2022 and is projected to grow from USD 16.89 Billion in 2023 to USD 25.77 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2023 - 2030). An important driver driving the  Caprolactam Market is the growing demand for nylon as a synthetic fiber in end-use industries such as automotive, transportation, textiles, and home furnishings. It is also widely used for manufacturing engineered resins and films, which find usage in agricultural, packaging, medical, and military industries. Fast-paced industrialization in developing nations and high investments in expanding these industries in developed nations fuel the demand for synthetic fibers; this drives the demand for caprolactam.


  Caprolactam Market Overview          


 Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Caprolactam Market Trends




  • Widespread use in the textile industry is boosting market growth.




Widespread use in the textile industry: Caprolactam is used in the textile sector to make nylon fibers for textiles, carpets, and industrial yarns, accounting for around 68% of caprolactam consumption. Caprolactam is used in the textile sector to make nylon fibers for textiles, carpets, and industrial yarns. Caprolactam is a key raw ingredient for the ring-opening polymerization technique, which is used to make nylon 6 fibers and resins. High-strength fibers, resins, and films are made from nylon 6 polymers. 


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Additionally, the Rapid adoption of bio-based caprolactam: Nylon-6 manufacture, like most plastics today, begins with crude oil. The chemical caprolactam is processed from crude oil and turned into nylon in this example. Every year, five million tonnes of nylon-6 are produced worldwide, resulting in an estimated 60 million tonnes of greenhouse gas emissions. Nylon-6 manufacture, like most plastics today, begins with crude oil. The chemical caprolactam is processed from crude oil and turned into nylon in this example. Every year, five million tonnes of nylon-6 are produced across the world, resulting in an estimated 60 million tonnes of greenhouse gas emissions.


Caprolactam Market Segment Insights


Caprolactam Application Insights


The  Caprolactam Market segmentation, based on Application, includes Nylon 6 and Nylon 6 resins. Caprolactam produced from an ammonia and sulphuric acid and a few other compounds is used in the manufacturing of nylon 6 fibers. Nylon 6 fibers are employed in various applications, including toothbrushes, raincoats, sport wears, bedsheets, curtains, ropes, racket strings, threads, and sleeping bags. This is likely to drive product growth over the forecast years.


Caprolactam is used in the manufacture of nylon 6 fibers which is further used in the production of textile fibers, industrial fibers, and carpets. Furthermore, the market is expected to witness significant growth over the next seven years on account of increasing demand for nylon 6 polymers in apparel, sportswear, swimwear, and fashion wear. 


Caprolactam End-Use Insights


Based on End-Use, the  Caprolactam Market segmentation includes Textile Yarn, Industrial Yarn, and Engineering Plastics. The textile yarn segment dominated the market in the global market and held 48.3% of the overall revenue share. Textile yarn is extensively used in numerous applications including apparel and house furnishing. Increasing demand for textile yarn coupled with the use of nylon 6 fibers in bedspreads, upholstery, curtains, and carpets is expected to have a positive impact on the industry over the next few years


Figure 2:  Caprolactam Market, by Application, 2023 & 2030 (USD Billion)


Caprolactam Market, by Application, 2023 & 2030            


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Caprolactam Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific led the market in 2014 and is expected to continue its dominance over the forecast period. Rapid industrialization leading to the establishment of numerous automotive and appliance manufacturing plants, particularly in India and China, is likely to have a positive impact on industry growth over the forecast years. In addition, the increasing demand for passenger cars in India and China, owing to the rise in disposable incomes is expected to further boost product demand.


Figure 3:  CAPROLACTAM MARKET SHARE BY REGION 2023 (%)


     CAPROLACTAM MARKET SHARE BY REGION 2023


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Increasing demand for lightweight materials in developed regions, including North America and Europe, is expected to have a positive impact on the industry over the next seven years. In the automotive industry, metals are replaced with engineered plastics in lightweight vehicles on account of various properties such as low moisture absorption and high mechanical strength.


Caprolactam Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the Caprolactam market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Caprolactam industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Caprolactam. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Caprolactam industry must offer affordable products.


Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Caprolactam industry to benefit customers and expand the market sector. The Low-Profile Additives market has recently given medicine some of the most important advantages. Major Caprolactam market players, including BASF SE (Germany), Honeywell International Inc (US), Kuibyshevazot (Russia), China Petroleum & Chemical Corporation (Sinopec Limited) (China), and others, are attempting to increase market demand by funding R&D initiatives.


BASF is a company that provides petrochemicals, intermediates, performance materials, monomers, dispersions and pigments, performance chemicals, catalysts, coatings, and care chemicals. It conducts its operations through six business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, and Agricultural Solutions.


Also, Honeywell International is a software-industrial company that invents and commercializes technologies in energy, safety, security, productivity, and global urbanization. It operates through four segments: Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions.


Key Companies in the Caprolactam market include



Caprolactam Industry Developments


In February 2021, LANXESS announced the inauguration of its new nitrous oxide reduction plant in Antwerp, Belgium. LANXESS has invested around EUR 10 million in its construction. In particular, Nitrous oxide (N2O), also known as laughing gas, is generated at the Antwerp site during the production of the plastic intermediate caprolactam.


In September 2020, KuibyshevAzot, the largest producer of polyamide feedstock caprolactam, inaugurated its first European compounding line in Rudolstadt, Germany, with a production capacity of 12,000 tons per year.


Caprolactam Market Segmentation


Caprolactam Application Outlook



  • Nylon 6 Fibers

  • Nylon 6 Resins


Caprolactam End-use Outlook



  • Textile Yarn

  • Industrial Yarn

  • Engineering Plastics


Caprolactam Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD  16.41 Billion
Market Size 2023 USD 16.89 Billion
Market Size 2030 USD 25.77 Billion
Compound Annual Growth Rate (CAGR) 5.80% (2023-2030)
Base Year 2022
Market Forecast Period 2023-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Application, End-use, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 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)
Key Market Opportunities ·         The rapid adoption of bio-based caprolactam.
Key Market Dynamics ·         Widespread use in the textile industry
 

Frequently Asked Questions (FAQ) :

The  Caprolactam Market size was valued at USD  16.41 Billion in 2022.

The global market is projected to grow at a CAGR of 5.80% during the forecast period, 2023-2030.

Asia Pacific had the largest share of the  Caprolactam Market.

The key players in the market are Zochem (US), SILOX SA (Belgium), American Chemet Corporation (US), H. Chemicals (Canada), Rubamin (India), Grillo Zinkoxid GmbH (Germany), Pan-Continental Chemical Co., Ltd (Taiwan), Mario Pilato Blat, and SA (Spain)

The Nylon 6 categories dominated the market in 2023.

The Textile yarn had the largest share in the global market for Caprolactam.

Key Questions Answered

  • ✅ Global Market Outlook
  • ✅ In-depth analysis of global and regional trends
  • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
  • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
  • ✅ Identify disrupting products, companies, and trends.
  • ✅ To identify opportunities in the market.
  • ✅ Analyze the key challenges in the market.
  • ✅ Analyze the regional penetration of players, products, and services in the market.
  • ✅ Comparison of major players‚Äô financial performance.
  • ✅ Evaluate strategies adopted by major players.
  • ✅ Recommendations
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