Caprolactam Market, By Raw Material (Cyclohexane/Benzene, Phenol and Toluene, Ammonia, Others), By Product Type (Nylon 6 Fibers (Textile, Carpet, Industrial Yarn, Others), Nylon 6 resins and films (Automotive Industry, Specialty Film Packaging for Food, W

Caprolactam Market, By Raw Material (Cyclohexane/Benzene, Phenol and Toluene, Ammonia, Others), By Product Type (Nylon 6 Fibers (Textile, Carpet, Industrial Yarn, Others), Nylon 6 resins and films (Automotive Industry, Specialty Film Packaging for Food, Wire and Cables, Others)), By Region (North America, Latin America, Europe, Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Caprolactam are organic compounds with molecular formula ((CH2)5CNH). It is a colorless, solid, toxic substance and process an irritant properties. The caprolactam market is segmented by nylon 6 fiber and nylon 6 resin. The nylon 6 fiber is the largest segment and is mainly used in textile, carpet, industrial yarns and others end-use industries. Also, the nylon 6 resins are used in automobiles, specialty films packaging for food, wires & cables and other end-use industries. Demand is growing for caprolactam across the world in end-use industries due to various application of nylon 6 resin and nylon 6 fibers. Asia Pacific is expected to dominate the market according to Coherent Market Insights. Growing demand for electronic gadgets and equipment in Asia Pacific due to populous economy and changing lifestyle is expected to drive growth of the market. Growing electronics industry is propelling demand for nylon 6 resin and fiber consumption. Continuous technological innovations aimed at improving manufacturing process of the product to reduce ammonium sulfate production as a by-product, due to its hazardous nature and increase in production cost is expected to propel demand for caprolactam during 2023-2030. For instance, in June 17, 2019, Honeywell International Inc., introduced a new Aegis nylon resin designed to protect electrical wirings and cables used in industrial and consumer products. Moreover, in May, 2019, Sumitomo Chemical Company Limited raised caprolactam price by US$ 70 per MT to US$ 1,880 per MT. Furthermore, in May 2019, BASF SE raised caprolactam price by USD 110.2 per MT in North America. In November 2021, China Petroleum & chemical corporation core pacific group is committed to sustainability, leading the way with ESG. In February 2023, UBE corporation announces organizational and personnel changes. In May 2022, DSM announces sale of engineering materials business.

Market Dynamics

Caprolactam are the primary raw materials required in the manufacturing of engineering plastics. Growing textiles industry is expected to fuel the market for caprolactam in Asia Pacific in forecast period. According to India Brand Equity Foundation (IBEF), is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India. For instance, Raymond Group, in 2021, has signed a Memorandum of Understanding (MoU) with Maharashtra government for setting up a textile manufacturing plant with an investment of US$ 208.7 million in Maharashtra’s Amravati district of India. Moreover, the Clothing Manufacturer Association of India (CMAI), signed Memorandum of understanding with China Chamber of Commerce (CCCT), for import and export of textiles. Moreover, nylon 6 have wide applications in the manufacturing of fishing nets, sports equipment, tracking harness, ropes, among others. The demand for caprolactam in end-use industries is propelling, due to rapid innovation and development of new product aided advantages. For instance on June 17, 2019 Honeywell International Inc., introduced a new Aegis nylon resin designed to protect electrical wirings and cables used in industrial and consumer products.

Market Taxonomy

This report segments the global caprolactam market on the basis of raw material and product type. On the basis of raw material, the market is segmented as cyclohexane/benzene, phenol and others. On the basis of product type, the global caprolactam market is segmented as nylon 6 fiber, nylon 6 resin & films and polymer chips. The nylon 6 fibers market is further sub segmented into textile, carpet, industrial yarn and others. The nylon 6 resin and films, are also sub segmented into automotive, specialty films packaging for food, wires & cables and others.

Key features of the study:

• This report provides in-depth analysis of the global caprolactam market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2023 – 2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global caprolactam market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
• Key companies covered as a part of this study include BASF SE, China Petroleum & Chemical Corporation, China Petrochemical Development Corporation, Honeywell International Inc., KuibyshevAzot OJSC, Royal DSM N.V., UBE Industries, SINOPEC and Sumitomo Chemical Company Limited.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics
• The global caprolactam market report caters to various stakeholders in this industry, including investors, raw material manufacturer, end-users, distributors, new entrants, and financial analysts
• Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the caprolactam market

Detailed Segmentation:

• Global Caprolactam Market, By Raw Material:
• Cyclohexane/Benzene
• Phenol and Toluene
• Ammonia
• Others
• Global Caprolactam Market, By Product Type:
• Nylon 6 Fibers
• Textile
• Carpet
• Industrial Yarn
• Others
• Nylon 6 resins and films
• Automotive Industry
• Specialty Film Packaging for Food
• Wire and Cables
• Others
• Polymer Chip
• Global Caprolactam Market, By Geography:
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Italy
• France
• Russia
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• ASEAN
• Taiwan
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East
• GCC
• Israel
• Africa
• North Africa
• Central Africa
• South Africa
• Company Profiles
• BASF SE *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• China Petroleum & Chemical Corporation
• China Petrochemical Development Corporation
• Honeywell International Inc.
• KuibyshevAzot OJSC
• Royal DSM N.V.
• UBE Industries
• SINOPEC
• Sumitomo Chemical Company Limited

“*” marked represents similar segmentation in other categories in the respective section.