The global Caprolactam Market size was USD 14.12 Billion in 2021 and is expected to register a revenue CAGR of 3.43% over the forecast period. Caprolactam market revenue growth is primarily driven by factors such as rising demand for nylon fabrics in the textile industry for producing lightweight garments, increasing adoption of polyamides in the automotive industry for manufacturing chemical-resistant and durable automobile parts, and increasing use of nylon 6-based products in the electrical and electronics industry as cable glands, sockets, computer peripherals, and circuit breakers. In addition, rising use of caprolactam in household products such as synthetic leather and brush bristles, is another factor driving revenue growth of the caprolactam market between 2022 and 2030.
Top Companies Operating in the Global Caprolactam Market:
BASF SE, Merck KGaA., Fertiliser and Chemicals Travancore (FACT) Ltd., UBE Corporation, Domo Chemicals, LANXESS AG, AdvanSix Inc., Reullei Pharmaceutical Technology Co., Ltd., Fibrant, and Luxi Chemical Group Co., Ltd.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Caprolactam is a key intermediate compound for production of Nylon 6, which is commercially used in various end-use industries. This fabric is lightweight, has high tensile strength, elasticity, and luster, which is increasing product adoption for manufacturing durable and smooth garments. Fibers made from Nylon 6 can be made into fabrics, as well as industrial yarns, floor coverings, fibers, and films. In addition, various threads, ropes, filaments, fibers, textile hosiery, carpets, and knitted garments are made from Nylon 6. Printing inks consist of N-vinyl caprolactam and other N-vinyl amide monomers. Ink solutions containing derivatives of chemical are used for textile printing of hydrophobic fibers. Rising demand for printed textiles made from hydrophobic fibers is resulting in increasing use of caprolactam in the paints and inks industry, in turn, driving revenue growth of the market.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Caprolactam market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Caprolactam market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Caprolactam market key players
3.2 Global Caprolactam size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Caprolactam market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Caprolactam Market Segmentation
By Raw Material Outlook:
- Benzene
- Hydroxylamine Sulfate
- Cyclohexane
- Phenol
- Ammonia
By Application Outlook:
- Nylon 6 Filaments
- Textile Yarn
- Nylon 6 Fibers
- Engineering Plastics
- Printer Inks
- Others
By End-Use Outlook:
- Textile Industry
- Automobile Industry
- Electrical and Electronics Industry
- Others
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