Caprolactam Market share, Size & industry Growth Report [2031]

Caprolactam Market share, Size & industry Growth Report [2031]

Segments - Caprolactam Market by Raw Materials (Phenol and Cyclohexane), End Products (Nylon 6 Resins, Nylon 6 Fibers, and Others), Applications (Engineering Resins and Films, Industrial Yarns Textiles and Carpets, and Others), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-831 | 4.4 Rating | 81 Reviews | 157 Pages | Format : PDF Excel PPT

Report Description


Caprolactam Market Outlook 2031

The global caprolactam market size was valued at USD 15 Billion in 2022 and is likely reach to USD 21.17 Billion by 2031, expanding at a CAGR of 3.9% during the forecast period, 2023-2031. The growth of the market is attributed to growing production capacity of nylon 6 across the globe.

Caprolactam is an organic and a colorless solid compound. Most of the caprolactam is synthesized from cyclohexanone, which is first converted to oxime. The chemical treatment of the oxime with cyclic amide acid produces caprolactam.

Caprolactam Market Outlook

Caprolactam is used in the manufacturing of synthetic fibers. It is primarily used as an intermediate in the production of nylon 6 fibres and resins. Around 68% of total caprolactam production is consumed in the manufacturing of nylon fibers, which is latter used in textiles, carpets, and industrial yarns. The remaining production is utilized in engineering resins and films.

Caprolactam applications includes industrial purposes as well as polyamide fabrics. Polyamide fabrics have properties such as high elasticity and resistance. These properties has increased its usage in nets, stockings, female underclothes, parachutes, and sporting garments.

Caprolactam Market Trends, Drivers, Restraints, and Opportunities:

  • Growing awareness about caprolactam properties such as lightweight and increasing usage in production of advanced materials are some of the major drivers that is contributing to the growth of the global caprolactam market.

  • Ease of mass production and effective supply chain can augment the caprolactam market growth.
  • Lack of awareness about the caprolactam uses and advantages can restrain the growth of the market.

  • Increasing number of alternatives can impede the market growth.

  • The products containing polyamide absorbs moisture, thereby, decreasing their physical properties, which in turn, increases product stiffness. Thus, such factors can create challenges for the growth of the market.

  • The use of biomass for the production of caprolactam can control the emission of harmful gases such as nitrogen oxide and ammonia. This, in turn, can reduce the overall environmental impact of caprolactam production, driving the market growth.

  • Rising focus on recycling caprolactam can create lucrative opportunities in the market.

Scope of Caprolactam Market Report

The report on the global caprolactam market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Caprolactam Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Raw Materials (Phenol and Cyclohexane), End Products (Nylon 6 Resins, Nylon 6 Fibers, and Others), and Application (Engineering Resins and Films, Industrial Yarns Textiles and Carpets, and Others)

Regional scope

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Fibrant, China Petrochemical Corporation (Sinopec), BASF SE, Advansix Inc., Shandong Haili Chemical Industry Co. Ltd, China Petrochemical Development Corporation (CPDC), and UBE Industries Ltd

Caprolactam Market Segment Insights:

Cyclohexane segment to grow at a rapid pace

Based on raw materials, the market is divided into phenol and cyclohexane. The cyclohexane segment is anticipated to account for a key market share and is anticipated to grow at a steady rate during the forecast period. Cyclohexane is mainly used as a precursor to manufacture caprolactam However, the phenol segment is expected to grow at a steady rate in the projected timeline.

Caprolactam Market Raw Materials

Nylon 6 Fibers segment to account a major market share

Based on end products, the market is divided into nylon 6 resins, nylon 6 fibers, and others. The nylon 6 fibre segment is anticipated to account for a major market share owing to wide usage of polyamide 6 for manufacturing of washable domestic textiles. Polyamide 6 fabrics are dimensionally stable and smooth. The applications of polyamide 6 in the textile industry are classified as apparel and home furnishings, driving the segment growth.

Engineering resins and films segment to account a significant market share

Based on applications, the market is divided into engineering resins and films, industrial yarns textiles and carpets, and others. The engineering resins and films segment is projected to accelerate the market owing to increasing technological advancements and its increasing application in various industry verticals.

Caprolactam Market Application

Caprolactam Market Regional Outlook

Asia Pacific to account a considerable market share

On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is anticipated to exhibit a high CAGR during the forecast period owing to increasing demand for luxury cars due to the increasing purchasing power of consumers. This has grew the demand for polyamide 6 demand in the region.

Caprolactam Market Region

Segments

Raw Materials

  • Phenol
  • Cyclohexane

End Products

  • Nylon 6 Resins
  • Nylon 6 Fibers
  • Others

Application

  • Engineering Resins and Films
  • Industrial Yarns Textiles and Carpets
  • Others

Regions

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Players

Competitive Landscape

The major players of the market are Fibrant, China Petrochemical Corporation (Sinopec), BASF SE, Advansix Inc., Shandong Haili Chemical Industry Co. Ltd, China Petrochemical Development Corporation (CPDC), and UBE Industries Ltd. Companies are focusing on innovations, expansions, and acquisitions to expand their market share.

Caprolactam Market Key Players 

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Caprolactam Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Caprolactam Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Caprolactam Market - Supply Chain
  4.5. Global Caprolactam Market Forecast
     4.5.1. Caprolactam Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Caprolactam Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Caprolactam Market Absolute $ Opportunity
5. Global Caprolactam Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Caprolactam Market Size and Volume Forecast by Applications
     5.3.1. Engineering Resins and Films
     5.3.2. Industrial Yarns Textiles and Carpets
     5.3.3. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Caprolactam Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Caprolactam Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Caprolactam Demand Share Forecast, 2019-2026
7. North America Caprolactam Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Caprolactam Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Caprolactam Market Size and Volume Forecast by Applications
     7.4.1. Engineering Resins and Films
     7.4.2. Industrial Yarns Textiles and Carpets
     7.4.3. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Caprolactam Demand Share Forecast, 2019-2026
8. Latin America Caprolactam Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Caprolactam Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Caprolactam Market Size and Volume Forecast by Applications
     8.4.1. Engineering Resins and Films
     8.4.2. Industrial Yarns Textiles and Carpets
     8.4.3. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Caprolactam Demand Share Forecast, 2019-2026
9. Europe Caprolactam Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Caprolactam Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Caprolactam Market Size and Volume Forecast by Applications
     9.4.1. Engineering Resins and Films
     9.4.2. Industrial Yarns Textiles and Carpets
     9.4.3. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Caprolactam Demand Share Forecast, 2019-2026
10. Asia Pacific Caprolactam Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Caprolactam Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Caprolactam Market Size and Volume Forecast by Applications
     10.4.1. Engineering Resins and Films
     10.4.2. Industrial Yarns Textiles and Carpets
     10.4.3. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Caprolactam Demand Share Forecast, 2019-2026
11. Middle East & Africa Caprolactam Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Caprolactam Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Caprolactam Market Size and Volume Forecast by Applications
     11.4.1. Engineering Resins and Films
     11.4.2. Industrial Yarns Textiles and Carpets
     11.4.3. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Caprolactam Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Caprolactam Market: Market Share Analysis
  12.2. Caprolactam Distributors and Customers
  12.3. Caprolactam Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Fibrant
     12.4.2. China Petrochemical Corporation (Sinopec)
     12.4.3. BASF SE
     12.4.4. Advansix Inc
     12.4.5. Shandong Haili Chemical Industry Co. Ltd
     12.4.6. China Petrochemical Development Corporation (CPDC)
     12.4.7. UBE Industries Ltd

Methodology

Our Clients

Microsoft
FedEx Logistics
The John Holland Group
Pfizer
General Electric
sinopec
Dassault Aviation
Nestle SA