Global Caprolactam Market 2023-2027
Technavio has been monitoring the caprolactam market and is forecast to grow by $5184.34 mn during 2022-2027, accelerating at a CAGR of 5.79% during the forecast period. Our report on the caprolactam market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the commercial importance of nylon, rising demand from the automobile sector, and increased incorporation of heat-stabilized materials with industrial yarns.
Technavio's caprolactam market is segmented as below:
By Application
- Nylon 6 fibers
- Nylon 6 resins
- Others
By End-user
- Textile yarn
- Industrial yarn
- Engineering plastics
- Carpet fibers and staple fibers
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the shift towards bio-refineries as one of the prime reasons driving the caprolactam market growth during the next few years. Also, the shift in focus toward bio-based nylon 6 polymers and technological advances will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters. Our report on the caprolactam market covers the following areas:
- Caprolactam market sizing
- Caprolactam market forecast
- Caprolactam market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading caprolactam market vendors that include AdvanSix Inc., Alpek SAB de CV, Aquafil Spa, BASF SE, Capro Co., Caprolactam Chemicals Ltd., China Petrochemical Development Corp., Domo Chemicals GmbH, Fibrant, Genomatica Inc., Grupa Azoty SA, Gujarat State Fertilizers and Chemicals Ltd., Highsun Holding Group, Kuibyshevazot Engineering Plastics(Shanghai) Co. Ltd., Lanxess AG, LUXI Group Co. Ltd., ORLEN Unipetrol AS, Sumitomo Chemical Co. Ltd., Toray Industries Inc., and Ube Corp. Also, the caprolactam market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.