Caprolactam industry is anticipated to increase at the substantial speed, as Caprolactam is producing nylon 6 fibers and resins are used in several applications. Because of the superior chemical and the physical characteristics of compound like high tensile strength and light weight, nylon 6 fibers are becoming the materials of choice in several applications of carpets and textile. Even the fibers are utilized in making tire cords because of the tensile strength, fatigue resistance and durability. Thus, the increase in demand for nylon 6 fibers are continuing to support the Caprolactam market growth.
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In the year 2017, the size of global Caprolactam market was accounted at 5,659.0 kilo tons. Increase in the use of Caprolactam for production of resins and nylon 6 fibers for the use in textiles, carpets, engineering films and industrial yarns is the main factor responsible for the global Caprolactam market growth.
Nylon 6 fibers segment is biggest and rapidly growing application of Caprolactam. However, Caprolactam is extensively used in polyamide 6 for the production of washable domestic textiles. Thus, polyamide 6 fabrics are dimensionally smooth and stable. Hence, the applications of polyamide 6 in textile industry are categorized into home furnishings, industrial and apparel. Polyamide fabrics are having the properties like resistance and high elasticity to moths and mildew. Because of the properties, it is useful in stockings, nets, parachutes, sporting garments and female underclothes are fueling the growth of Caprolactam industry.
Developments in technology intended at enhancing the procedure of Caprolactam, for minimizing the manufacture of ammonium sulfate on being toxic to environment, is anticipated to show the optimistic effect on the global Caprolactam market demand. Rise in demand for films and engineering plastics in production of several automotive parts involving gears, bearings and engine covers due to the resistance to greases and oils is projected to fuel the product growth.
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Asia Pacific is probable to experience the rapid growth at CAGR on the basis of volume. Hence, increase in the economic wealth of the evolving countries like India and China results in industrialization, offering the growth of global Caprolactam market. However, Asia Pacific is the vital region in Caprolactam industry, with Korea, Taiwan and China gathering the share of around 80% of Asian Demand.
Market of Europe and North America are experiencing the lethargic growth in the coming years. European textile fiber producers are continuously losing the shares of market to Asian competitors and the designers, sourcing the products in China and Asian economies due to the affordable labor costs. Conitnuous increase in the capacity of Chinese production, probability of taxes burden on European imports with the lack of ability of current producers to increase the production of nylon in Western Europe are fueling the shift of end-use industries in Asian regions.
Key players in Caprolactam market growth are BASF SE, Sumitomo Chemical Company Limited, Lanxess AG, China Petroleum & Chemical Corporation and more.
Key segments of the global caprolactam market
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
- Nylon 6 Fiber
- Nylon 6 Resin
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
- Textile yarn
- Industrial yarn
- Engineering Plastics
- Carpet fibers & Staple Fibers
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Germany
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Rest of APAC
- Latin America
- Brazil
- Middle East and Africa
Reasons for the study
The purpose of the study is to give an exhaustive outlook of the global caprolactam market
While studying the market, we observed that use of the term nylon fiber is widely used for different industrial applications
Asia Pacific is projected to be the fastest growing region, one of the factors being rapid imports among China
The global caprolactam market is projected to witness lucrative opportunity in developing regions of Latin America and Middle East & Africa owing to rising living standards
What does the report include?
The study on the global caprolactam market includes qualitative factors such as drivers, trends, and opportunities
Additionally, the market has been evaluated using the SWOT analysis and Porter’s Five Forces’ analysis and PESTEL analysis
The study covers qualitative and quantitative analysis of the market segmented on the basis of application and region. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments
The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants and stakeholders in the caprolactam market, who want an in-depth insight into the movement of the functional foods market. The report will benefit:
Executives of various industries companies that are engaged in the polyamide manufacturing
Managers within financial institutions looking to publish recent and forecasted statistics pertaining to automotive and clothing market
Venture capitalists and investors looking for more information on the future outlook of the global caprolactam market
Government organizations, regulatory authorities, policymakers and financial organizations looking for innovations in caprolactam manufacturing technologies
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies .
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About Us:
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