Caprolactam Market- By Raw Material (Phenol, Cyclohexane), By End Product (Nylon 6 Resins, Nylon 6 Fibers, Other End Products), By End-User (Automotive Industry, Carpet Industry, Textile Industry, Other End-user Industries), Application (Engineering Resins and Films, Industrial Yarns, Textiles and Carpets and Other Applications) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Caprolactam Market held USD 21.294  billion in 2020 and is to grow with a CAGR of 4.5% from 2020-2030. Caprolactam is widely used in various end-use applications. Specifically, textile stiffeners, synthetic leather, textile yarns,  film coatings, plasticizers,   plastics and others. Caprolactam are the raw material for nylon 6, and has wide  demand in consumer goods, automobile, electronic and electrical applications. Caprolactam is an intermediate agent mainly used in nylon 6 fibers and resins processing. Approximately 68 per cent of caprolactam is used in the manufacture of nylon fibers for clothing, carpet and industrial yarns with the remainder used in resins and films for electronics, thus being amajor reason for the global caprolactam market. They are used as dying to provide bright and dark shades., along with high strength and light weight to offer good stretch-fit properties, they can also be combined with elastane / spandex fibers.

Market Dynamics and Factors:

Manufacturing caprolactam requires a low investment and low technological complexity in initial infrastructure. Over the last few years, rise in demand for nylon 6 resins and fibers has increased substantial demand for the product and this trend is expected to continue over the forecast period, thus boosting the global caprolactam market growth.  Additionally, technical advancements are being implemented to enhance the product's manufacturing process to mitigate the release of ammonium sulfate as a by-product, due to its dangerous propetes, is expected to have a positive effect on the global caprolactam market.

Market Segmentation:

Based on the raw material the global caprolactam market is segmented into phenol and cyclohexane. On the basis of end-user, the global caprolactam market is classified into automotive industry, carpet industry, textile industry and other end-user industries. On the basis of end product, the market is categorized into nylon 6 resins, nylon 6 fibers and other end products.. On the basis of application, the global caprolactam market is segmented into engineering resins and films, industrial yarns, textiles and carpets and other applications. Geographic breakdown includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Asia Pacific was caprolactam's largest market in 2015, and that trend is projected to continue over the forecast period. The growth of the textile industry, coupled with the increasing automotive sector, is expected to have a positive impact on the global caprolactam market, particularly in India and China. Furthermore, encouraging FDI in India's automotive sector is expected to drive the country's production, boosting demand for caprolactum, thus fuelling the growth of global caprolactam market. In Europe, caprolactam use is unlikely to improve as the production of nylon textile fiber continues to decline at about the same rate as the market for engineering resin is rising. Caprolactam is a widely traded commodity with Europe, being one of Asia's most important exporting areas. European textile fiber manufacturers have consistently lost market share to lower cost, Asian competitors and clothing designers, who are increasingly sourcing products in China, Taiwan, Indonesia and Vietnam and fuelling the growth of global caprolactam market.

Competitive Scenario:

The major players of global caprolactam market are Gujarat State Fertilizers & Chemicals Ltd.,  Honeywell International Inc., LANXESS AG, Sumitomo Chemical Co. Ltd., Koninklijke DSM N.V., DOMO Caproleuna GmbH, China Petrochemical Development Corporation, BASF SE, Capro Corporation, Ube Industries Ltd., Braskem SA, OSTCHEM, Univex Corporation, Shandong Haili Chemical Industry Co. Ltd., and Toray Industries Inc.

Caprolactam Market Report Scope