Caprolactam Market 2024-2028
The caprolactam market is forecasted to grow by USD 5388 mn during 2023-2028, accelerating at a CAGR of 5.73% during the forecast period. The 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 commercial importance of nylon, rising demand caprolactam from automobile sector, and increased incorporation of heat-stabilized materials with industrial yarns.
Technavio's caprolactam market is segmented as below:
- By End-user
- Textile yarn
- Industrial yarn
- Engineering plastics
- Carpet fibers and staple fibers
- By Application
- Nylon 6 fibers
- Nylon 6 resins
- Others
- By Geographical Landscape
- 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, shift in focus toward bio-based nylon 6 polymers and technological advances will lead to sizable demand in the market.
The report on the caprolactam market covers the following areas:
- Caprolactam market sizing
- Caprolactam market forecast
- Caprolactam market industry analysis
The 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.
The publisher presents a detailed picture of the market by the 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 primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.