Materials & Chemicals / Caprolactam Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players- Fibrant, BASF, Sinopec, UBE, CPDC
Caprolactam Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players- Fibrant, BASF, Sinopec, UBE, CPDC
The global Caprolactam Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.59% during the review period (2022 to 2027)
Caprolactam Market Overview
Caprolactam is an intermediate compound mostly used for the production of nylon 6. Cyclohexane is dominantly used as a raw material in the production of caprolactam, whereas phenol and cyclohexene routes account for a comparatively small share. nlon 6 fiber is the major market driver for caprolactam as more than three-fifth of caprolactam is consumed for nylon 6 production around the world. Nylon 6 fiber are further used to make various textile, carpets, industrial yarns and other products. Nylon 6 fiber is predominantly used for making many clothing such as track pants, jackets, pantyhose, swimwear, and other hosiery clothes. The growing demand of nylon clothing, especially in the sports industry, is expected to strongly support the growth of the caprolactam market over the forecast period. Also, rising consumption of nylon 6 resin for the production of films is also expected to drive the market in the upcoming years. Increasing growth of films and coatings applications is the vital factor escalating the market growth, also rising growth of emerging economies, increasing demand for plastics in the construction, automotive, and electrical & electronics sectors, growing textile industry. Rapid urbanization and rise in industrialization are the major factors that drive the global caprolactam market. Research and development activities are increasing to reduce the production of ammonium sulfate during the manufacturing of caprolactam, as ammonium sulfate is hazardous to the environment.
Industry News:
September 2021 : Fertilizers and Chemicals Travancore (FACT) has resumed the manufacturing of caprolactam after a long period of around nine years, making it a major achievement for the public sector firm.
In May 2018, Aquafil and Genomatica announced the formation of Project EFFECTIVE, a multi-company collaboration to produce more sustainable fibers and plastics for commercial use by using renewable feedstocks and bio-based technologies. One of the key objectives of Project EFFECTIVE is to develop a more sustainable nylon, made from bio-based caprolactam produced using renewable feedstocks.
What are the major Applications, Types and Regions for Caprolactam Market?
By Type, it is segmented into
Solid Type
Liquid Type
Others
By Applications it is segmented into
Nylon 6 Fiber
Nylon 6 Resin
Others
Caprolactam Market Regional Analysis
The Asia-Pacific region dominated the global market with the max share of almost 70%. With growing textile and automotive industries in countries, such as China, Japan, and South Korea, the consumption of caprolactam is increasing in the region.China is the max producer of nylon 6 worldwide. Some of the largest manufacturers of nylon 6 in China are Guangdong Xinhui Meida Nylon Co Ltd, BASF (China) Co. Ltd, Liheng (Changle) Polyamide Technology Co. Ltd, etc. In terms of GDP, China is the second-largest economy in the world.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Caprolactam Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Caprolactam Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Caprolactam Market Report Scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 3.59% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Caprolactam Report
Evaluate Caprolactam market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Caprolactam market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Caprolactam Market is studied from 2017 - 2027.
What is the growth rate of Caprolactam Market?
The Caprolactam Market is growing at a CAGR of 3.59% over the next 5 years.
What regions does this Caprolactam Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
