[PDF] Caprolactam Market is estimated to be US$ 18.44 billion by 2030 with a CAGR of 3.5% during the forecast period

Caprolactam is an organic compound and it is made up of colorless solid lactam of caproic acid. It is commonly used for the production of synthetic fibers. Caprolactam can be produced from cyclohexane by oxidation, oximation and Beckmann rearrangement. And also, from phenol via cyclohexanone by hydrogenation. The nylon 6 which is used as catalyst is produced from caprolactam. Ammonia is the source in the preparation of caprolactam. Caprolactam is highly soluble in water. The increasing demand of lightweight and safe structure automobiles is the driving factor of the market. Another factor that increases the market capitalization is the increasing purchasing power of customers in the developing nations in fabrics industry, which in turn supports the demand for caprolactam used in fabric production. Moreover, replacement of metal parts with the plastic materials to achieve mass production that fuel the growth of this caprolactam market.

Region Analysis:

The Asia pacific region dominates the global caprolactam market attributed to the maximum consumers of caprolactam in Asia-Pacific region for various applications and macroeconomic growth of textile and automotive industry in the region. The APAC region is witnessing increased demand for luxury cars due to the increase in the purchasing power of consumers. This in turn led to increased polyamide 6 demand in this area. Prices for caprolactam are expected to rise because of the stringent laws imposed by the Government of China.

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Key Development:

• In 2020, Fibrant the global manufacturer of Caprolactam, they introduce new generation low carbon footprint known as EcoLactam.
• In 2021, Bruggeman GmbH & Co. increased their research and development in the area of anionic polymerization.

Segmentation:

The Caprolactam Market accounted for US$ 13.1 billion in 2020 and is estimated to be US$ 18.44 billion by 2030 and is anticipated to register a CAGR of 3.5%.  The Global Caprolactam Market is segmented by raw material, type, product, application and region.

• By raw material, the Global Caprolactam Market is segmented into Cyclohexane/Benzene, Phenol and Toluene, Ammonia, and Others
• By type, the Global Caprolactam Market is classified into Solid and Liquid
• By product, the Global Caprolactam Market is classified into Polymer Chip, Nylon 6 resins and film, Nylon 6 Fibers and Others
• By application, the Global Caprolactam Market is further divided into Fiber, Engineering Plastics and Others
• By region, Asia-pacific is expected to account for major revenue share in Global Caprolactam Market, followed by other regions.

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Competitive Analysis:                                                                                                 

• Koninklijke DSM N.V.
• Honeywell International Inc.
• Ube Industries Ltd.
• BASF SE
• Capro Corporation
• China Petrochemical Development Corporation
• OSTCHEM
• Braskem SA
• DOMO Caproleuna GmbH
• Sumitomo Chemical Co. Ltd.

Recent Development:

• In October 2022, polish chemicals maker Group Azoti ATTP. WA said it is resuming production of nitrogen fertiliser, caprolactam and polyamide 6 as market conditions have changed.
• In July 2022, Sumitomo Chemical India Limited, a subsidiary of Sumitomo Chemical Corporation, Japan, a leading global crop protection company, launched 3 unique resistance products Sumi Blue Diamond, Pyclom and Danitol NXT during the Kolkata Annual Directors Club Distributors Convention.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Caprolactam Market report based on raw material, type, product, application, and region:

Market Segmentation:

• By Raw Material – Cyclohexane/Benzene, Phenol and Toluene, Ammonia, and Others
• By Type – Solid and Liquid
• By Product – Polymer Chip, Nylon 6 resins and film, Nylon 6 Fibers and Others
• By Application – Fiber, Engineering Plastics and Others

Regional scope:

• North America – U.S., Canada
• Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
• Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
• Latin America – Brazil, Mexico, Argentina, Rest of Latin America
• Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Questions by Caprolactam Market:

1. What are the key market trends and market dynamics?
2. Who are the major players in the market and what is their market share?
3. What is the competitive landscape like in the market?
4. What are the major drivers and restraints affecting the market?
5. What are the growth opportunities in the market?
6. What are the regional and local market conditions and consumer behavior?
7. What is the market size and growth forecast for different regions and countries?
8. What is the impact of government regulations and policies on the market?

Related Reports:-

• Fluoroelastomers Market
• Packaging Coating Market
• Polyester Fiber Market

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• BASE YEAR:2021

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