Global Caprolactam Market, By Application (Nylon 6 Fibre, Nylon 6 Resins), End- Use (Textile yarn, Industrial Yarn, Engineering Yarn, Carpet Fibres, Staple Fibres), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Market Analysis: Global Caprolactam Market
Global Caprolactam Market is expected to rise from its initial estimated value of USD 12.83 billion in 2018 to an estimated value of USD 19.54 billion by 2026, registering a CAGR of 5.4% in the forecast period of 2019-2026. Increasing demand for plastics in the construction, automotive and electrical sectors are the factors behind the growth of this market.
Market Definition: Global Caprolactam Market
Caprolactum is an organic compound which is used in the production of nylon 6 fibre and resins. Due to its tensile strength, chemical and oil resistance, superior elasticity and low moisture absorbency nylon 6 fibres and nylon 6 resin have increased their demand in the automotive and textile industry. Many automakers are replacing caprolactum with nylon 6 due to its high temperature and chemical resistance. They are also used in electrical and electronic equipment such as circuit breakers, contractor, connectors, switchgears etc. as they have low weight as compared to metal tubes and have high electrical insulations. Due to use of the nylon in apparels, sportswear and other fashion wear the market is going to witness the increasing demand of caprolactum.
- Due to caprolactum high tensile strength and elasticity they are usually used in the automotive and textile industry. These days’ automakers are focusing more on light weight vehicle so that they can improve fuel efficiency and performance.
- As caprolactum uses material like cyclohexane, amino and phenol for its manufacturing. The manufacturing of caprolactum produces ammonium sulphate which is hazardous for the environment.
Segmentation: Global Caprolactam Market
- By Application
- Nylon 6 Fibre
- Nylon 6 Resin
- By End Use
- Textile Yarn
- Industrial Yarn
- Carpet Fibres
- Staple Fibres
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
- In March 2017, Gujarat State Fertilisers & Chemicals Ltd invested Rs 100 crore in nylon fibre manufacturing. They invested Rs 100 crore to diversify into concrete reinforced fibre (CRF) and nylon reinforced fibre (PRF) manufacturing for construction and infrastructure industries.
Competitive Analysis: Global Caprolactam Market
Global caprolactum market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of caprolactum market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Caprolactam Market
Few of the major competitors currently working in caprolactum market are BASF SE, Honeywell International Inc., China Petrohemical Corporation, Sumitomo Chemical Co., Ltd., UBEE industries Ltd., China Petrochemical Development Corporation, Shandong Haili Chemical Industry Co. Ltd, DSM, KuibyshevAzot, Chemical and Petrochemical Manufacturer Association, KurskKhimvolokno Ltd, Khimvolokno JSC, GradnoAzot JSC.
Research Methodology: Global Caprolactam Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted 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 can 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. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved