Caprolactam Market 2020 Global Industry Trends, Demand, Price, Growth Drivers, Application, Marketing Channel, Development, Top Vendors, Market Potential, Geography & Forecast 2025
The Global Caprolactam Market is growing at a CAGR of 4.3% during 2018-2025. The growth of the textile sector coupled with favorable government laws and regulations are expected to augment the growth of the caprolactam industry.
Dallas, United States – April 1, 2021 /MarketersMedia/ —
Adroit Market Research today published a report on the “Caprolactam Market Size 2017, by Applications (Nylon 6 Fiber and Nylon 6 Resin), End-Use (Carpet Fibers & Staple Fibers, Engineering Plastics, Textile Yarn and Industrial Yarn), By Region and Forecast 2018 to 2025”. The global caprolactam market size is provided on the basis of its growing demand among different geographies, production statistics along with its penetration among different applications. The report also talks about the top 10 companies along with their key strategies adopted in the global caprolactam industry report. Current caprolactam market trends, forecast, and changing dynamics such as drivers, restraints, and opportunities has been also covered in the final study. The report also focusses a deep down value chain of the production of nylon-6 and its demand among industries.
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The global caprolactam market size is estimated to be valued at USD 17.02 billion by 2025 driven by the growing consumption of polyamides on account of its durability, lightweight nature as well as energy absorbing properties in the textile sector.
Majority of the caprolactam produced globally is utilized in the production of nylon 6 fibers and nylon 6 resins, in order to meet the growing demand for textile and engineering plastic products. The growth of the textile sector coupled with favorable government laws and regulations are expected to augment the growth of the global caprolactam market. Also, the rapid demand for engineering plastics in the manufacture of lightweight automobiles is another driving factor for the market growth. For instance, 15 kg of polyamide (Nylon-6) fiber parts are capable of replacing 30 kg of steel elements. Also, polyamide elements improve the stiffness inside a car at critical points. Increasing inclusion of polyamides in car parts such as in throttling valves, the outer covering of the motor chamber, and suction manifolds due to its high stability and crack resistance further supplements the growth of global caprolactam market.
Caprolactam is the most widely used monomer (raw material) for manufacturing Nylon-6 polyamide. Nylon fiber dominated the global market in 2017 was valued at USD 6.79 billion in 2017. Rising application of nylon-6 fibers in engineering plastics & films, floor coverings, and production of industrial yarns is expected to boost the global caprolactam market demand in the coming years. Nylon 6 is being increasingly used for manufacturing engineering plastics which are further used as technical components in electrical & electronics and packaging industry. As an engineering plastic, nylon-6 fibers find widespread application in injection molding, casting, and extrusion applications. Furthermore, products manufactured using Nylon-6 also offer excellent engineering properties even at high temperatures.
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Europe caprolactam market is witnessing sluggish growth and is expected to grow at a revenue CAGR of 3.9% from 2018 to 2025. Weak demand is the result of uncertain macroeconomic conditions such as limited consumer purchasing power and upward social mobility in developing regions. On the other hand, North American caprolactam market is expected to rise in the near future on account of thriving electronic and automotive industries along with increasing embracement of nylon fibers for the production of interior plastic equipment for electric appliances.
The global caprolactam market is witnessing continuous research and development leading to technological innovations and new product launches, especially in China and India. Companies such as Ube Industries, BASF and DSM N.V. are engaged in backward as well as forward integration such as manufacturing of caprolactam followed by the production of nylon 6 fibers and resins.
Key segments of the global caprolactam market
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
Nylon 6 Fiber
Nylon 6 Resin
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
Textile yarn
Industrial yarn
Engineering Plastics
Carpet fibers & Staple Fibers
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
North America
U.S.
Canada
Europe
France
UK
Germany
Rest of Europe
Asia Pacific
India
Japan
China
Rest of APAC
Latin America
Brazil
Middle East and Africa
Who should buy this report?
This study is suitable for industry participants and stakeholders in the caprolactam market, who want an in-depth insight into the movement of the functional foods market. The report will benefit:
Executives of various industries companies that are engaged in the polyamide manufacturing
Managers within financial institutions looking to publish recent and forecasted statistics pertaining to automotive and clothing market
Venture capitalists and investors looking for more information on the future outlook of the global caprolactam market
Government organizations, regulatory authorities, policymakers and financial organizations looking for innovations in caprolactam manufacturing technologies
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies .
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About Adroit Market Research
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Info:
Name: Ryan Johnson
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Organization: Adroit Market Research
Website: https://www.adroitmarketresearch.com/industry-reports/caprolactam-market
Source: MarketersMedia
Release ID: 89003601
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