Caprolactam Market By Raw Material (Benzene, Hydroxylamine sulfate, Cyclohexane, Phenol) By Application (Nylon 6 filaments, Textile Yarn, Nylon 6 fibers, Engineering plastics) By End-Use (Textile industry, Automobile industry, Electrical and Electronics Industry, Others) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The study on the worldwide caprolactam market thoroughly examines the sector using important criteria. The research covers investing tactics, the demand for capital in the caprolactam market, and the many advantages for investors. This significant report outlines modifications to the technical standards that apply to the caprolactam industry as well as how barriers that are both economic and non-economic are promoting the expansion of the caprolactam market. Additionally, the paper examines historical and projected market sizes at the regional, global, and national levels. In-depth analyses of key investment propositions, the demand and supply gaps, SRC analysis, competitor positioning, STAR analysis, and Tornado analysis are all included in the report. Technological advancements and other analyses include Porter's Five Forces, Value Chain, PESTEL, etc.

Key Highlights of the Report

How are the major segments performing in the caprolactam market?

• In 2021, the cyclohexane segment dominated the largest share of the market owing to an easily available and low-cost product.
• In 2021, the nylon-6 filaments leading the global caprolactam market segment due to the filaments' offering of mechanical strength and elasticity modules.
• In 2021, the textile industry segment's end-use outlook led the market due to the increasing adoption of nylon-6 fabrics.

Which region dominated the caprolactam market?

North America dominated in 2021 with the highest market share of the global caprolactam market. In North America, the global caprolactam market is growing due to the increasing use of molded plastic components, and easy availability is a factor in increasing the caprolactam market's growth. These factors are increasing the growth of the caprolactam market in the North American region.

How is the US market performing in the caprolactam market?

The US caprolactam market dominated the global caprolactam market in 2021 with the highest market share. The US market has seen growth and is expected to provide the global caprolactam market with suppliers and opportunities. The US is the largest market for global caprolactam in North America due to the technology there, which provides a growth opportunity for this industry.

What is the competitive environment of the caprolactam market?

The global caprolactam market is expected to increase significantly in value over the next few years as its use expands across multiple industries. Manufacturers' attempts to supply high-quality caprolactam with more health advantages are expected to contribute to market growth considerably. Aside from this, the growing number of fitness enthusiasts, sports activities, and fitness clubs, as well as the growth of infectious diseases, have contributed to the global caprolactam market's competitive environment.

Executive Summary

How does the automotive industry support the growth of the global caprolactam market?

The International Organization of Motor Vehicle Manufacturers (OICA) estimates that in 2021, vehicle sales will have climbed globally by 5%. Due to its advantageous physical characteristics, nylon 6 is also employed in the automotive sector to produce parts for automobile engines, including intake manifolds, hoods, chassis, bearings, and gears. Polyamide also improves fuel efficiency by lightening the scaffold of an automobile and reducing fuel pollutants. This is anticipated to promote caprolactam adoption and significantly fuel market revenue growth.

Which are the key investments by the caprolactam market players?

The increasing utilization of caprolactam in various industries supports investments by market players. Moreover, market players are investing heavily in rising production and expanding their footprints in the global market. For instance, in 2022, Hengyi Petrochemical announced that it plans to invest in constructing a "caprolactam polyamide industrial integration and supporting the project with an annual production of 1.2 million tons", and the total investment of the project is expected to be USD 2.77 billion.

Some of the key market players are BASF SE, Merck KGaA., Fertilizer and Chemicals Travancore (FACT) Ltd., UBE Corporation, Domo Chemicals, LANXESS AG, AdvanSix Inc., Reullei Pharmaceutical Technology Co., Ltd., Fibrant, and Luxi Chemical Group Co., Ltd.

What are the major driving factors for the caprolactam market?

The increasing adoption of nylon fabrics is driving the growth of the caprolactam market. The need for fabrics has also increased with the increasing population and urbanization. Nylon is used for making clothes such as track pants, jackets, swimwear, and other hosiery clothes. The rising demand for nylon clothes, mostly in the sports industry, is expected to increase the caprolactam market's growth. Additionally, the increasing production is expected to grow the market. Furthermore, the increasing use of caprolactam in the textile industry to make nylon fabrics for carpets and industrial yarn is driving market growth. Moreover, the financial support by the government is also the driver of the global Caprolactam market.

What are the major risks for the caprolactam market?

The high cost associated with raw materials such as cyclohexane, benzene, phenol, and oleum hampers the caprolactam market's growth. Moreover, caprolactam is harmful and causes burning of the eyes, irritation of the nose irritation and contact with the body, limiting production and hampering the caprolactam market's growth. Furthermore, strict government regulations are expected to hamper the market's growth.

Which are the key end-use segments in the caprolactam market?

The end-use segment is categorized into the textile, automobile, electrical, and electronics industries. The textile industry segment in the end-use outlook led the market due to the increasing adoption of nylon-6 fabrics. Nylon is a lightweight fabric that is made from caprolactam. Furthermore, the automobile industry segment dominated the market due to increased awareness of thermal and mechanical properties.

How is the caprolactam market performing in different regions?

North America saw substantial growth in 2021 due to many market players. In North America, the global caprolactam market is growing due to the increasing use of molded plastic components, and easy availability is a factor in increasing the caprolactam market's growth. Furthermore, the United States is the largest market for global caprolactam in North America thanks to technology, which provides a growth opportunity for this industry. These factors are increasing the growth of the caprolactam market in the North American region.

The Asia Pacific region dominates the caprolactam market share due to the increasing adoption of caprolactam, which drives market growth in the Asia Pacific region. This region has the leading market for the global caprolactam industry. Furthermore, the falling crude oil prices are increasing caprolactam production, and the developments in emerging countries such as India, Japan, and China are expected to increase the caprolactam market in the Asia Pacific region. These factors are driving the growth of the global caprolactam market in the Asia Pacific region.

What is the regulatory landscape for the caprolactam market?

The governments are exploring a stricter regulatory approach across regions regarding the production and utilization of caprolactam. The governments are applying strict regulations on carbon emissions and the use of toxic chemicals, which cause harmful events in production facilities. Besides, the government supports caprolactam production due to its efficiency and reduced carbon emissions.

What is the market size of caprolactam in terms of value?

The global caprolactam market is anticipated to grow at a substantial CAGR of 3.70% in the upcoming years. The global caprolactam market industry was estimated to be worth USD 14.8 Billion in 2021 and was expected to be worth USD 18.40 Billion by 2028.

What are the major players' plans for the future of the caprolactam market?

The leading market players in the global caprolactam market are applying various important strategies, including product launches, partnerships, mergers, and acquisitions, which support the market expansion of caprolactam. For instance, in 2018, Project EFFECTIVE, a multi-company partnership to create more environmentally friendly fibers and plastics for commercial usage using renewable feedstocks and biobased technologies, was launched by Aquafil and Genomatica. Project EFFECTIVE, which has 12 firms as participants and includes well-known names like H&M, Carvico, Vaude, and Balsan, is one of the largest industrially-driven initiatives to change entire product value chains and promote economic growth.

Segmentation of Global Caprolactam Market-

Global Caprolactam Market – By Raw Material

• Benzene
• Hydroxylamine sulfate
• Cyclohexane
• Phenol
• Ammonia

Global Caprolactam Market – By Application

• Nylon 6 filaments
• Textile Yarn
• Nylon 6 fibers
• Engineering plastics
• Printer inks
• Others

Global Caprolactam Market – By End-Use

• Textile industry
• Automobile industry
• Electrical and Electronics Industry
• Others

Global Caprolactam Market – By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Frequently asked questions about the global Caprolactam Market