Caprolactam Market: Global Industry Analysis and Forecast (2023-2029)


Caprolactam Market size was valued at US$ 13.20 Bn. in 2022 and the total revenue is expected to grow at 7.4% CAGR through 2023 to 2029, reaching nearly US$ 21.77 Bn.

Caprolactam Market Overview:

Caprolactam is an organic chemical that is used to manufacture synthetic fibres. A lactam (a cyclic amide) of caproic acid is this white solid. Nylon 6, a commonly used synthetic polymer, is made from caprolactam. 80 % of manufactured caprolactam is utilised in the production of nylon 6, which is then used in the production of industrial fibres, textile fibres, and carpets.

Caprolactam manufacturing in Japan was estimated to be around 184.05 thousand tonnes in 2021. This was a reduction from the previous year's production level of roughly 375.66 thousand tonnes.Caprolactam MarketTo know about the Research Methodology :- Request Free Sample Report

Caprolactam Market Dynamics:

Strength-weight matrices are crucial in new-generation automobiles. Lightweight and sturdy structures composed of various modern materials are the foundation of new generation automobiles. These cutting-edge materials are used in a variety of automotive components. To minimize the overall weight of the vehicle, new materials and plastics are used instead of metal. Polyamide 6 is one of the most commonly used polymers for weight reduction in automobiles today. The weight reduction is done to minimize the vehicle's fuel usage, resulting in lower CO2 emissions. The polyamide components are lighter and stronger than the metal components.

Occupational exposure limits for hazardous chemicals, safety rules for classification, precautionary labelling and precautionary statements of chemicals, regulations on the safe management of hazardous chemicals, and restrictions and prohibitions on the import and export of certain chemicals are just a few of the regulations governing chemical use in China. At the moment, the Chinese caprolactam market is exclusively domestic; the products are marketed locally because exporting their products is difficult due to hefty tariffs.

Caprolactam Market Segment Analysis:

Based on end product, Caprolactam market is segmented into Nylon 6 Resins and Nylon 6 Fibers. The nylon 6 fibres segment dominates the market and it is predicted to increase at a rapid pace during the forecast period, owing to rising demand from the global textile and carpet industries. In the future, a greater focus on recycling caprolactam is likely to present an opportunity. Asia-Pacific led the global market, with China and South Korea accounting for the majority of consumption. Nylon 6 fibre production is one of caprolactam's most important applications, accounting for roughly 56% of the caprolactam market. Nylon 6 fibres are wrinkle-resistant and chemically resistant, including acids and alkalis. Furthermore, these fibres are simple to dye, producing generally vivid and bright hues while remaining strong and lightweight.Caprolactam MarketBased on raw material, based on raw material the Caprolactam market is segmented into Phenol, Cyclohexane, Hydroxylamine Sulfate and Others. The Cyclohexane segment is likely to dominate the market. Almost all of the cyclohexane is used to generate cyclohexane and cyclohexane, which are subsequently used to make atopic acid and caprolactam, respectively. The total volume of cyclohexane produced in the United States in 2022 was about 860,000 metric tons.

Based on application, based on application the segment is divided into Industrial Yarns, Engineering Plastic, Textiles & Carpets and Other. Engineering plastic is major end-use segment for the caprolactam market. Caprolactam is applied in the production of nylon 6 fibers that are increasingly used for engine covers, tire cord manufacturer, and gears & bearings due to their superior fatigue resistance, tensile strength, and durability

Caprolactam Market Regional Insights:

Asia-Pacific region led the global market with a market share of about 70%. Caprolactam usage is rising in the region, thanks to the booming textile and automotive sectors in nations like China, Japan, and South Korea. China is the world's top manufacturer of nylon 6. Guangdong Xinhui Meida Nylon Co Ltd, BASF (China) Co. Ltd, Liheng (Changle) Polyamide Technology Co. Ltd, and others are among China's largest nylon 6 producers.

China is the world's second-largest economy in terms of GDP. The rising demand for caprolactam in China is projected to be boosted by the country's increased carpet exports. The automotive sector in Korea is primarily reliant on exports. Automobile production has fallen in recent years as a result of lower exports. During the projected period, the aforementioned factors are expected to have an impact on caprolactam demand. In economies like China and Taiwan, producers were reportedly operating their manufacturing plants at reduced rates of roughly 75%. In September, less international commerce was recorded as a result of decreased regional demand, pushing prices across the Indian subcontinent to roughly USD 1180 per ton.

Caprolactam supplies in North America improved in Q2 2022, as Gulf coast industrial infrastructure recovered from the effects of winter storm Uri, and many manufacturing units increased output rates. Despite this, a number of customers have been seen increasing their raw material inventories in preparation for hurricane season. The upward trend in the US Caprolactam market was aided by a global increase in Benzene costs, which coincided with rising inflation. However, at the end of the second quarter, prices had stabilized, with FOB Texas offers settling at USD 2470 per ton.

The objective of the report is to present a comprehensive analysis of the Global Caprolactam Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Caprolactam Market dynamics, structure by analyzing the Market segments and project the Global Caprolactam Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Caprolactam Market make the report investor’s guide.

Caprolactam Market Scope: Inquire before buying






Caprolactam Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2017 to 2022
Market Size in 2022:
US $ 13.20 Bn.




Forecast Period 2023  to 2029 CAGR:
7.4%
Market Size in 2029:
US $ 21.77 Bn.




 Segments Covered:
by End Product
Nylon 6 Resins
Nylon 6 Fibers




by Raw Material
Phenol
Cyclohexane
Hydroxylamine Sulfate
Others




by Application
Industrial Yarns
Engineering Plastic
Textiles & Carpets
Other






Caprolactam Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Caprolactam Market Key Players are:

1. Advansix Inc.
2. Fibrant
3. Alpek S.A.B. de C.V.
4. BASF SE
5. Capro Corp
6. DOMO Caproleuna GmbH
7. Fertilizers & Chemicals Travancore Ltd
8. Juhua Group Corp.
9. Lanxess AG
10.Ojsc Kuibyshevazot
11.Sumitomo Chemical Co. Ltd
12.Toray Industries, Inc.
13.UBE Industry Group
14.Honeywell International Inc.
15.Spolana
16.LUXI GROUP
17.China Petrohemical Corporation
18.Sumitomo Chemical Co., Ltd.
19.Shandong Haili Chemical Industry Co. Ltd
20.KuibyshevAzot
21.KurskKhimvolokno Ltd

Frequently Asked Questions:

1] What segments are covered in Global Caprolactam Market report?
Ans. The segments covered in Global Caprolactam Market report are based on End Product, Raw Material and Application.

2] Which region is expected to hold the highest share in the Global Caprolactam Market?
Ans. Asia Pacific is expected to hold the highest share in the Global Caprolactam Market.

3] What is the Market size of Global Caprolactam Market in 2029?
Ans. The Market size of Global Caprolactam Market in the forecast period 2029 is US $ 21.77 Bn.

4] Who are the top key players in the Global Caprolactam Market?
Ans. Advansix Inc., Alpek S.A.B. de C.V., BASF SE, Capro Corp, DOMO Caproleuna GmbH, Fertilizers & Chemicals Travancore Ltd, Juhua Group Corp, Lanxess AG, Ojsc Kuibyshevazot, Sumitomo Chemical Co. Ltd, Toray Industries, Inc., UBE Industry Group, Honeywell International Inc.

5] What was the Market size of Global Caprolactam Market in 2022?
Ans. The Market size of Global Caprolactam Market in 2022 was US $ 13.20 Bn. 





Global Caprolactam Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Caprolactum Size, by Market Value (US$ Bn) and Market Volume (Units)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
4.8. Patent Registration

5. Supply Side and Demand Side Indicators

6. Global Caprolactam Market Analysis and Forecast
6.1. Global Caprolactam Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Caprolactam Market Analysis and Forecast, by End Product
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Caprolactum Market Value Share Analysis, by End Product
7.4. Global Caprolactum Market Size (US$ Bn) Forecast, by End Product
7.5. Global Caprolactum Market Analysis, by End Product
7.6. Global Caprolactam Market Attractiveness Analysis, by End Product

8. Global Caprolactam Market Analysis and Forecast, by Application
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Caprolactum Market Value Share Analysis, by Application
8.4. Global Caprolactum Market Size (US$ Bn) Forecast, by Application
8.5. Global Caprolactum Market Analysis, by Application
8.6. Global Caprolactum Market Attractiveness Analysis, by Application

9. Global Caprolactam Market Analysis, by Region
9.1. Global Caprolactum Market Value Share Analysis, by Region
9.2. Global Caprolactum Market Size (US$ Bn) Forecast, by Region
9.3. Global Caprolactum Market Attractiveness Analysis, by Region

10. North America Caprolactam Market Analysis
10.1. Key Findings
10.2. North America Caprolactum Market Overview
10.3. North America Caprolactum Market Value Share Analysis, by End Product
10.4. North America Caprolactum Market Forecast, by End Product
10.4.1. Nylon 6 Resins
10.4.2. Nylon 6 Fibers
10.5. North America Caprolactum Market Value Share Analysis, by Application
10.6. North America Caprolactum Market Forecast, by Application
10.6.1. Industrial Yarns
10.6.2. Engineering Plastic
10.6.3. Textiles & Carpets
10.6.4. Other
10.7. North America Caprolactum Market Value Share Analysis, by Country
10.8. North America Caprolactum Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Caprolactum Market Analysis, by Country
10.10. U.S. Caprolactum Market Forecast, by End Product
10.10.1. Nylon 6 Resins
10.10.2. Nylon 6 Fibers
10.11. U.S. Caprolactum Market Forecast, by Application
10.11.1. Industrial Yarns
10.11.2. Engineering Plastic
10.11.3. Textiles & Carpets
10.11.4. Other
10.12. Canada Caprolactum Market Forecast, by End Product
10.12.1. Nylon 6 Resins
10.12.2. Nylon 6 Fibers
10.13. Canada Caprolactum Market Forecast, by Application
10.13.1. Industrial Yarns
10.13.2. Engineering Plastic
10.13.3. Textiles & Carpets
10.13.4. Other
10.14. North America Caprolactum Market Attractiveness Analysis
10.14.1. By End Product
10.14.2. By Application
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Development

11. Europe Caprolactam Market Analysis
11.1. Key Findings
11.2. Europe Caprolactum Market Overview
11.3. Europe Caprolactum Market Value Share Analysis, by End Product
11.4. Europe Caprolactum Market Forecast, by End Product
11.4.1. Nylon 6 Resins
11.4.2. Nylon 6 Fibers
11.5. Europe Caprolactum Market Value Share Analysis, by Application
11.6. Europe Caprolactum Market Forecast, by Application
11.6.1. Industrial Yarns
11.6.2. Engineering Plastic
11.6.3. Textiles & Carpets
11.6.4. Other
11.6.5. Europe Caprolactum Market Value Share Analysis, by Country
11.7. Europe Caprolactum Market Forecast, by Country
11.7.1. Germany
11.7.2. U.K.
11.7.3. France
11.7.4. Italy
11.7.5. Spain
11.7.6. Rest of Europe
11.8. Europe Caprolactum Market Analysis, by Country
11.9. Germany Caprolactum Market Forecast, by End Product
11.9.1. Nylon 6 Resins
11.9.2. Nylon 6 Fibers
11.10. Germany Caprolactum Market Forecast, by Application
11.10.1. Industrial Yarns
11.10.2. Engineering Plastic
11.10.3. Textiles & Carpets
11.10.4. Other
11.11. U.K. Caprolactum Market Forecast, by End Product
11.11.1. Nylon 6 Resins
11.11.2. Nylon 6 Fibers
11.12. U.K. Caprolactum Market Forecast, by Application
11.12.1. Industrial Yarns
11.12.2. Engineering Plastic
11.12.3. Textiles & Carpets
11.12.4. Other
11.13. France Caprolactum Market Forecast, by End Product
11.13.1. Nylon 6 Resins
11.13.2. Nylon 6 Fibers
11.14. France Caprolactum Market Forecast, by Application
11.14.1. Industrial Yarns
11.14.2. Engineering Plastic
11.14.3. Textiles & Carpets
11.14.4. Other
11.15. Italy Caprolactum Market Forecast, by End Product
11.15.1. Nylon 6 Resins
11.15.2. Nylon 6 Fibers
11.16. Italy Caprolactum Market Forecast, by Application
11.16.1. Industrial Yarns
11.16.2. Engineering Plastic
11.16.3. Textiles & Carpets
11.16.4. Other
11.17. Spain Caprolactum Market Forecast, by End Product
11.17.1. Nylon 6 Resins
11.17.2. Nylon 6 Fibers
11.18. Spain Caprolactum Market Forecast, by Application
11.18.1. Industrial Yarns
11.18.2. Engineering Plastic
11.18.3. Textiles & Carpets
11.18.4. Other
11.19. Rest of Europe Caprolactum Market Forecast, by End Product
11.19.1. Nylon 6 Resins
11.19.2. Nylon 6 Fibers
11.20. Rest of Europe Caprolactum Market Forecast, by Application
11.20.1. Industrial Yarns
11.20.2. Engineering Plastic
11.20.3. Textiles & Carpets
11.20.4. Other
11.21. Europe Caprolactum Market Attractiveness Analysis
11.21.1. By End Product
11.21.2. By Application
11.22. PEST Analysis
11.23. Key Trend
11.24. Key Development

12. Asia Pacific Caprolactam Market Analysis
12.1. Key Findings
12.2. Asia Pacific Caprolactum Market Overview
12.3. Asia Pacific Caprolactum Market Value Share Analysis, by End Product
12.4. Asia Pacific Caprolactum Market Forecast, by End Product
12.4.1. Nylon 6 Resins
12.4.2. Nylon 6 Fibers
12.5. Asia Pacific Caprolactum Market Value Share Analysis, by Application
12.6. Asia Pacific Caprolactum Market Forecast, by Application
12.6.1. Industrial Yarns
12.6.2. Engineering Plastic
12.6.3. Textiles & Carpets
12.6.4. Other
12.7. Asia Pacific Caprolactum Market Value Share Analysis, by Country
12.8. Asia Pacific Caprolactum Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Caprolactum Market Analysis, by Country
12.10. China Caprolactum Market Forecast, by End Product
12.10.1. Nylon 6 Resins
12.10.2. Nylon 6 Fibers
12.11. China Caprolactum Market Forecast, by Application
12.11.1. Industrial Yarns
12.11.2. Engineering Plastic
12.11.3. Textiles & Carpets
12.11.4. Other
12.12. India Caprolactum Market Forecast, by End Product
12.12.1. Nylon 6 Resins
12.12.2. Nylon 6 Fibers
12.13. India Caprolactum Market Forecast, by Application
12.13.1. Industrial Yarns
12.13.2. Engineering Plastic
12.13.3. Textiles & Carpets
12.13.4. Other
12.14. Japan Caprolactum Market Forecast, by End Product
12.14.1. Nylon 6 Resins
12.14.2. Nylon 6 Fibers
12.15. Japan Caprolactum Market Forecast, by Application
12.15.1. Industrial Yarns
12.15.2. Engineering Plastic
12.15.3. Textiles & Carpets
12.15.4. Other
12.16. ASEAN Caprolactum Market Forecast, by End Product
12.16.1. Nylon 6 Resins
12.16.2. Nylon 6 Fibers
12.17. ASEAN Caprolactum Market Forecast, by Application
12.17.1. Industrial Yarns
12.17.2. Engineering Plastic
12.17.3. Textiles & Carpets
12.17.4. Other
12.18. Rest of Asia Pacific Caprolactum Market Forecast, by End Product
12.18.1. Nylon 6 Resins
12.18.2. Nylon 6 Fibers
12.19. Rest of Asia Pacific Caprolactum Market Forecast, by Application
12.19.1. Industrial Yarns
12.19.2. Engineering Plastic
12.19.3. Textiles & Carpets
12.19.4. Other
12.20. Asia Pacific Caprolactum Market Attractiveness Analysis
12.20.1. By End Product
12.20.2. By Application
12.21. PEST Analysis
12.22. Key Trend
12.23. Key Development

13. The Middle East & Africa Caprolactam Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Caprolactum Market Overview
13.3. Middle East & Africa Caprolactum Market Value Share Analysis, by End Product
13.4. Middle East & Africa Caprolactum Market Forecast, by End Product
13.4.1. Nylon 6 Resins
13.4.2. Nylon 6 Fibers
13.5. Middle East & Africa Caprolactum Market Value Share Analysis, by Application
13.6. Middle East & Africa Caprolactum Market Forecast, by Application
13.6.1. Industrial Yarns
13.6.2. Engineering Plastic
13.6.3. Textiles & Carpets
13.6.4. Other
13.7. Middle East & Africa Caprolactum Market Value Share Analysis, by Country
13.8. Middle East & Africa Caprolactum Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Caprolactum Market Analysis, by Country
13.10. GCC Caprolactum Market Forecast, by End Product
13.10.1. Nylon 6 Resins
13.10.2. Nylon 6 Fibers
13.11. GCC Caprolactum Market Forecast, by Application
13.11.1. Industrial Yarns
13.11.2. Engineering Plastic
13.11.3. Textiles & Carpets
13.11.4. Other
13.12. South Africa Caprolactum Market Forecast, by End Product
13.12.1. Nylon 6 Resins
13.12.2. Nylon 6 Fibers
13.13. South Africa Caprolactum Market Forecast, by Application
13.13.1. Industrial Yarns
13.13.2. Engineering Plastic
13.13.3. Textiles & Carpets
13.13.4. Other
13.14. Rest of Middle East & Africa Caprolactum Market Forecast, by End Product
13.14.1. Nylon 6 Resins
13.14.2. Nylon 6 Fibers
13.15. Rest of Middle East & Africa Caprolactum Market Forecast, by Application
13.15.1. Industrial Yarns
13.15.2. Engineering Plastic
13.15.3. Textiles & Carpets
13.15.4. Other
13.16. Middle East & Africa Caprolactum Market Attractiveness Analysis
13.16.1. By End Product
13.16.2. By Application
13.17. PEST Analysis
13.18. Key Trend
13.19. Key Development

14. South America Caprolactam Market Analysis
14.1. Key Findings
14.2. South America Caprolactum Market Overview
14.3. South America Caprolactum Market Value Share Analysis, by End Product
14.4. South America Caprolactum Market Forecast, by End Product
14.4.1. Nylon 6 Resins
14.4.2. Nylon 6 Fibers
14.5. South America Caprolactum Market Value Share Analysis, by Application
14.6. South America Caprolactum Market Forecast, by Application
14.6.1. Industrial Yarns
14.6.2. Engineering Plastic
14.6.3. Textiles & Carpets
14.6.4. Other
14.7. South America Caprolactum Market Value Share Analysis, by Country
14.8. South America Caprolactum Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. Brazil Caprolactum Market Forecast, by End Product
14.9.1. Nylon 6 Resins
14.9.2. Nylon 6 Fibers
14.10. Brazil Caprolactum Market Forecast, by Application
14.10.1. Industrial Yarns
14.10.2. Engineering Plastic
14.10.3. Textiles & Carpets
14.10.4. Other
14.11. Mexico Caprolactum Market Forecast, by End Product
14.11.1. Nylon 6 Resins
14.11.2. Nylon 6 Fibers
14.12. Mexico Caprolactum Market Forecast, by Application
14.12.1. Industrial Yarns
14.12.2. Engineering Plastic
14.12.3. Textiles & Carpets
14.12.4. Other
14.13. Rest of South America Caprolactum Market Forecast, by End Product
14.13.1. Nylon 6 Resins
14.13.2. Nylon 6 Fibers
14.14. Rest of South America Caprolactum Market Forecast, by Application
14.14.1. Industrial Yarns
14.14.2. Engineering Plastic
14.14.3. Textiles & Carpets
14.14.4. Other
14.15. South America Caprolactum Market Attractiveness Analysis
14.15.1. By End Product
14.15.2. By Application
14.16. PEST Analysis
14.17. Key Trend
14.18. Key Development

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Applications
15.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
15.3. Company Profiles: Key Players
15.3.1. Advansix Inc.
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
1.1.1.1. Manufacturing Footprint
15.3.2. Alpek S.A.B. de C.V.
15.3.3. BASF SE
15.3.4. Capro Corp
15.3.5. DOMO Caproleuna GmbH
15.3.6. Fertilizers & Chemicals Travancore Ltd
15.3.7. Juhua Group Corp.
15.3.8. Lanxess AG
15.3.9. Ojsc Kuibyshevazot
15.3.10. Sumitomo Chemical Co. Ltd
15.3.11. Toray Industries, Inc.
15.3.12. UBE Industry Group
15.3.13. Honeywell International Inc.
15.3.14. Spolana
15.3.15. LUXI GROUP
15.3.16. China Petrohemical Corporation
15.3.17. Sumitomo Chemical Co., Ltd.
15.3.18. Shandong Haili Chemical Industry Co. Ltd
15.3.19. KuibyshevAzot
15.3.20. KurskKhimvolokno Ltd

16. Primary Key Insights
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