By End-Product (Nylon 6 Resins, Nylon 6 Fibers), By Application (Industrial Yarn, Textile Yarn, Textile & Carpet Fibers, Engineering Resins and Films & Others), By End-Use (Textile Manufacturing, Automotive, Carpet Manufacturing & Others), By Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America), By Company
The Global Caprolactam Market Analysis, 2020 research report provides the key market statistics including market size and growth potential of various geographies, market segmentation based on factors such as end products, applications, end-users, and key competitors along with the market insights on more than 30 countries.
Caprolactam is a colorless solid compound made up of capronic acid which is used in the production of synthetic fibers, majorly nylon 6 and nylon 6,6. Caprolactam acts as an intermediate in the textile industry and majorly undergoes captive consumption in the polyamide production process. The global demand for caprolactam stands around ~5 million tons per year, with China being the key consumer of caprolactam in the world. The global market size in terms of value for caprolactam is growing at a steady CAGR of ~4% over the past few years.
The demand for caprolactam is dependent on the production of nylon 6. High rate of production of polyamide in China makes it the largest consumer of caprolactam in the world, as the majority of caprolactam is used in the production of polyamide synthetic fibers. As a result, Asia-Pacific remains the largest demand-generating region for caprolactam in the world, holding more than 40% of the global caprolactam market share, as of 2019. This trend is expected to remain the same during the forecast period. The market of caprolactam has recently suffered from poor profit margins and only the Asia-Pacific region is anticipated to offset the unstable demand for caprolactam from across the globe.
According to MarkNtel Advisors’ research report titled “Global Caprolactam Market Analysis, 2020”, the global market holds vast opportunities for the global caprolactam industry stakeholders to capitalize on the prospects in the market and remain profitable over the next few years. Growth in nylon 6 production and increasing demand for synthetic fibers from the automotive industry across the globe is expected to propel the demand for caprolactam during the forecast period.
The leading competitors in the Global Caprolactam market include Royal DSM, BASF, Sumitomo Chemicals, Honeywell Chemical Intermediates, China Petroleum and Chemical Corporation, Gujarat State Fertilizers, Capro, IRPC Public Company, China National Petroleum Corporation, Sinopec Refining, and Chemical, Fibrant, Lanxess, UBsE, Juhua Group, Advansix, PJSC, Kuibyshevazot, Toray Industries Inc, Fujian Jinjiang Petrochemical, Shandong Haili Chemical, and KurskKhimvolokno Limited.