Caprolactam Market Revenue, Driving Factors, Key Players, Strategies, Trends, Forecast till 2030

The global caprolactam market size is expected to reach USD 19.08 Billion in 2030 and register a CAGR of 3.43% over the forecast period, according to the latest report by Reports and Data. Key factors such as growing preference for bio-based caprolactam in engineering films and rising focus on research & development activities to increase cost-effectiveness of products made of caprolactam are driving market revenue growth. Caprolactam (CPL) is a colorless organic solid compound used in the production of synthetic fibers and resins.

Caprolactam is commonly used to manufacture nylon 6 engineering plastics, nylon 6 fibers, and films. Nylon 6 fibers segment accounted for majority revenue share in the global market in 2020. These are extensively used for manufacturing textile and industrial fiber. Nylon 6 fibers possess various advantages such as high resistance to mildew & moths and excessive elasticity. It is a major factor driving revenue growth of this segment.

Based on regional analysis, Asia Pacific market accounted for a 23.2% revenue share in the global market in 2020. This region is expected to register fastest revenue CAGR than other regions over the forecast period. Rising usage of nylon 6 fibers for producing different types of textile materials and rapid industrialization are likely to boost market growth in Asia Pacific.

Europe accounted for second-largest revenue share in 2020 and the trend is expected to continue over the forecast period. Rapid development of construction and textile & fabric industries is one of the key factors driving revenue growth of the market in this region.

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Some companies in the market report include AdvanSix Inc., BASF SE, Caproco, China Petrochemical Development Corporation, Domo Chemicals, Gujarat State Fertilizers & Chemicals Limited, Highsun Group, Lanxess AG, Luxi Chemical Group Co., Ltd., and Sumitomo Chemical Co., Ltd.

Some Key Highlights From the Report:

• In February 2021, Itochu, a Japanese trading company joined hands with Italian nylon manufacturer Aquafil, to expand and promote circular nylon production. This collaboration would enable usage of the former’s broad nylon value chain for expansion of usage of Aquafil’s regenerated nylon called Econyl. The company specializes in turning recovered nylon waste back to caprolactam.
• Cyclohexane segment accounted for largest revenue share in the global market in 2020. Increasing utilization of cyclohexane for the production of caprolactam, owing to its easy availability, low cost, and high effectiveness is expected to propel growth of this segment in the near future.
• North America accounted for largest revenue share in the global market in 2020. Canada and the United States are considered to be major growth contributors in this region. Increasing use of caprolactam in films & coatings and presence of a number of key end-use industries are expected to drive market revenue growth in this region.

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For the purpose of this report, Reports and Data has segmented caprolactam market based on raw material, application, end-use, and region:

Raw Material Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• Benzene
• Hydroxylamine Sulfate
• Cyclohexane
• Phenol
• Ammonia

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• Nylon 6 Filaments
• Textile Yarn
• Nylon 6 Fibers
• Engineering Plastics
• Printer Inks
• Others

End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• Textile Industry
• Automobile Industry
• Electrical and Electronics Industry
• Others

Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Rest of Middle East & Africa

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