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Global Caprolactam Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jan 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Caprolactam Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 5.8% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 16.41 Billion
Diagram Market Size (Forecast Year) USD 25.77 Billion
Diagram CAGR 5.8%

Global Caprolactam Market, By Raw Material (Phenol and Cyclohexane), End Product (Nylon 6 Resins, Nylon 6 Fibers and Other End Products), Application (Engineering Resins and Films, Industrial Yarns Textiles and Carpets and Other Applications) End Use (Textile Yarn, Textile Stiffeners, Film Coatings, Synthetic Leather, Plastics, Plasticizers, Others) – Industry Trends and Forecast to 2030.

Caprolactam Market

Caprolactam Market Analysis and Size

The growing demand for bio-based caprolactam in engineering plastics application and the requirement for lightweight automotive vehicles are anticipated to enhnace the caprolactam market in the predicted years. Also, properties such as chemical & oil resistance, high strength, elasticity, abrasion resistance along low moisture absorbency of nylon fibers and resins are projected to fuel the market during the forecast period. Moreover, growing demand for plastics in the automotive, construction, electrical & electronics sectors and the increasing automotive and electronics industry are expected to boost the market growth in upcoming years.

Data Bridge Market Research analyses that the caprolactam market is expected to reach USD 25.77 billion by 2030, which is USD 16.41 billion in 2022, registering a CAGR of 5.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Caprolactam Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 - 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Raw Material (Phenol and Cyclohexane), End Product (Nylon 6 Resins, Nylon 6 Fibers and Other End Products), Application (Engineering Resins and Films, Industrial Yarns Textiles and Carpets and Other Applications) End Use (Textile Yarn, Textile Stiffeners, Film Coatings, Synthetic Leather, Plastics, Plasticizers, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

BASF SE (Germany), Honeywell International Inc (U.S.), Kuibyshevazot (Russia), China Petroleum & Chemical Corporation (China), LANXESS (Germany), DSM (Netherlands), Toray Industries Inc, (Japan), Sumitomo Chemical (Japan), China Petrochemical Development Corporation (China), UBE Corporation (Japan), Hengyi Petrochemical Co. Ltd (China), Mogilevkhimvolokno (Europe), Chemicals and Petrochemicals Manufacturers’ Association (India), DSM (Netherlands), LUXI GROUP (China)

Market Opportunities

  • Increasing demand of caprolactam for the production of nylon 6 fibers
  • increasing penetration of market players owing to new product launches

Market Definition

Caprolactum is a type of an organic compound which is used in the manufacture of nylon 6 fibre and resins. As a result of its superior elasticity, tensile strength, chemical and oil resistance and low moisture absorbency nylon 6 resin and nylon 6 fibres have augmented their demand in the textile and automotive industry. Many automakers are substituting caprolactum with nylon 6 owing to its high chemical and temperature resistance properties. They are also used in electronic and electrical equipment such as switchgears, circuit breakers, contractor, and connectors because they have low weight compared to metal tubes.

Caprolactam Market Dynamics

Drivers

  • Growing demand of nylon fabric in industrial yarn

Nylon fabric in industrial yarn has growing application scope in the production of ropes, cables, conveyor belts, packaging clothes and mechanical rubber goods. Growing nylon fabrics demand due to properties such as high tensile strength, scrub resistance, elasticity and heat resistance is anticipated to positively impact the caprolactam market during the forecast period.

  • Surging demand for sustainable and bio-based products

Technology launches, acquisitions and R&D activities are key strategies used by caprolactam manufacturers, thereby expanding their market share. For instance Genomatica and Aquafil have declared the formation of Project EFFECTIVE. This is a multi-company collaboration to create more sustainable plastics and fibers for commercial usage by utilizing bio-based technologies and renewable feedstocks. One of the main goal of Project EFFECTIVE is to produce more sustainable nylon from bio-based caprolactam. Thus, the surging demand for sustainable and bio-based products is anticipated to drive the market growth rate

Opportunities

  • Increasing demand of caprolactam for the production of nylon 6 fibers

The caprolactamis highly used in the production of nylon 6 fibers which is one of the major applications all over the market. This accounts for over 56% of the caprolactam market share. Nylon 6 fibers are highly resistant to chemicals and abrasion, such as alkalis, acids, and wrinkle proof. Furthermore, it is easy to dye these fibers, which mainly produce bright and deep shades, while offering lightweight and high strength. Nylon 6 fibers have numerous applications in hosiery, sportswear, swimwear and fashion wear. These fibers have great stretch fit properties when mixed with spandex fibers. Apart from clothing, nylon 6 fibers have other industrial applications, such as fishing nets, tarpaulins, and tarpaulins. Furthermore, they are used in packaging applications becasue they have good optical, mechanical and barrier properties. Nylon 6 fibers are widely used in the production of sewing threads, industrial drive-belts, fishing nets, tire yarns and many others. As a result of all these factors, the demand for the caprolactam increases, creating numerous market growth opportunities.

Restraints/ Challenge

  • Issues associated with caprolactam  market

Fluctuation in the price of raw material such as cyclohexane, ammonia, and phenol is expected to be the major factor which restrained the market growth during the forecast period. Moreover, strict rules and regulations in China for using caprolactam and continuous moisture absorption resulting in degradation are the major factors that further restrain the market growth in the forecast period mentioned above.

This caprolactam market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the caprolactam market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In 2021, LANXESS declared the induction of its new nitrous oxide reduction plant in Belgium. LANXESS has invested about EUR 10 million in its construction. Especially, Nitrous oxide also known as laughing gas, is produced at the Antwerp site during the manufacture of the plastic intermediate caprolactam.
  • In 2020, KuibyshevAzot, the largest polyamide feedstock caprolactam manufacturer, inaugurated its first European compounding line in Germany, with a manufacture capacity of 12,000 tons per year.

Global Caprolactam Market Scope

The caprolactam market is segmented on the basis of raw material, end product, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Raw Material

  • Phenol
  • Cyclohexane

End Product

  • Nylon 6 Resins
  • Nylon 6 Fibers
  • Other End Products

Application

  • Engineering Resins and Films
  • Industrial Yarns Textiles and Carpets
  • Other Applications

End Use

  • Textile Yarn
  • Textile Stiffeners
  • Film Coatings
  • Synthetic Leather
  • Plastics
  • Plasticizers
  • Others

Caprolactam Market Regional Analysis/Insights

The caprolactam market is analyzed and market size insights and trends are provided by country, raw material, end product, application and end use as referenced above.

The countries covered in the caprolactam market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the caprolactam market owing to increasing rapid industrialization, leading to establishment of many appliance and automotive manufacturing plants and growing demand for passenger cars in China and India. Moreover, the growing demand for plastics in the automotive, construction and electrical & electronics sectors and growing textile industry will further boost the market growth in this region.

North America and Europe are expected to be the fastest developing region during the forecast period of 2023-2030 owing to growing demand for lightweight materials, increasing growth of coatings and films applications and growing requirement for lightweight automotive vehicles in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Caprolactam Market Share Analysis

The caprolactam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to caprolactam market.

Some of the major players operating in the caprolactam market are:

  • BASF SE (Germany)
  • Honeywell International Inc (U.S.)
  • Kuibyshevazot (Russia)
  • China Petroleum & Chemical Corporation (China)
  • LANXESS (Germany)
  • DSM (Netherlands)
  • Toray Industries Inc, (Japan)
  • Sumitomo Chemical (Japan)
  • China Petrochemical Development Corporation (China)
  • UBE Corporation (Japan)
  • Hengyi Petrochemical Co. Ltd (China)
  • Mogilevkhimvolokno (Europe)
  • Chemicals and Petrochemicals Manufacturers’ Association (India)
  • DSM (Netherlands)
  • LUXI GROUP (China)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The market value for caprolactam market in 2022 is USD 16.41 billion.
The caprolactam market is to grow at a CAGR of 5.80% during the forecast period of 2023 to 2030.
The Caprolactam Market report is segmented into raw material, end product, application, and end-use.
North America and Europe are expected to be the fastest developing region during the forecast period of 2023-2030 owing to growing demand for lightweight materials, increasing growth of coatings and films applications and growing requirement for lightweight automotive vehicles in this region.
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