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 2021 – 2028
The global caprolactam market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. 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 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.
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 the 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.
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Attributes |
Details |
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Report Title |
Caprolactam Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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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) |
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Regional scope |
North America, Latin America, Europe, Asia Pacific and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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.
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.
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.
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
The global caprolactam market has been segmented on the basis of
Raw Materials
- Phenol
- Cyclohexane
- Nylon 6 Resins
- Nylon 6 Fibers
- Others
- Engineering Resins and Films
- Industrial Yarns Textiles and Carpets
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- Fibrant
- China Petrochemical Corporation (Sinopec)
- BASF SE
- Advansix Inc
- Shandong Haili Chemical Industry Co. Ltd
- China Petrochemical Development Corporation (CPDC)
- UBE Industries Ltd
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.
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