The global caprolactam market size is anticipated to reach USD 21.5 billion by 2030. The market is projected to grow at a CAGR of 5.1% from 2024 to 2030. Rising need for nylon 6 resins and fibers, on account of the growing electronics industry in China, has resulted in a significant increase in demand for the product over the past few years.
Growth of the automotive industry, particularly in emerging economies of China, Brazil, and India, coupled with rising disposable income of consumers, is expected to augment engineering plastics demand. The development of the fabrics industry is also anticipated to result in high product demand over the forecast years. Nylon 6 is employed in numerous applications including the production of industrial yarns, floor coverings, engineering plastics, and films. Growth in these end-use segments is expected to augment product demand, which will further have a positive impact on the industry growth over the forecast years.
Caprolactam manufacturing requires low technical complexity and low initial infrastructure investment. High demand for nylon 6 resins and fibers has resulted in a significant demand for the product over the past few years, and this trend is expected to continue over the forecast period. In addition, technological innovations to improve the manufacturing process to minimize the release of ammonium sulfate (by-product), due to its hazardous nature, are expected to have a positive impact on the industry.
The textile yarn was the largest application segment of caprolactam in 2023. Caprolactam is extensively used in the production of nylon 6 fibers. Nylon fabric is employed in the manufacturing of various apparel including sportswear, cyclewear, and swimwear. In addition, nylon 6 fibers are used in manufacturing house furnishings. The growing demand for nylon fabric in the textile industry is expected to augment product demand over the next seven years.
Asia Pacific was the largest market for caprolactam in 2023, and this trend is expected to continue over the forecast period. Growth of the textile industry, coupled with the growing automotive sector especially in India and China, is expected to positively impact the market. In addition, the encouragement of FDI in the automobile sector in India is expected to drive production in the country, thus driving the demand for caprolactum.
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Growth of the automotive industry, particularly in emerging economies of China, Brazil, and India, coupled with rising disposable income of consumers, is expected to augment engineering plastics demand. The development of the fabrics industry is also anticipated to result in high product demand over the forecast years. Nylon 6 is employed in numerous applications including the production of industrial yarns, floor coverings, engineering plastics, and films. Growth in these end-use segments is expected to augment product demand, which will further have a positive impact on the industry growth over the forecast years.
Caprolactam manufacturing requires low technical complexity and low initial infrastructure investment. High demand for nylon 6 resins and fibers has resulted in a significant demand for the product over the past few years, and this trend is expected to continue over the forecast period. In addition, technological innovations to improve the manufacturing process to minimize the release of ammonium sulfate (by-product), due to its hazardous nature, are expected to have a positive impact on the industry.
The textile yarn was the largest application segment of caprolactam in 2023. Caprolactam is extensively used in the production of nylon 6 fibers. Nylon fabric is employed in the manufacturing of various apparel including sportswear, cyclewear, and swimwear. In addition, nylon 6 fibers are used in manufacturing house furnishings. The growing demand for nylon fabric in the textile industry is expected to augment product demand over the next seven years.
Asia Pacific was the largest market for caprolactam in 2023, and this trend is expected to continue over the forecast period. Growth of the textile industry, coupled with the growing automotive sector especially in India and China, is expected to positively impact the market. In addition, the encouragement of FDI in the automobile sector in India is expected to drive production in the country, thus driving the demand for caprolactum.
Caprolactam Market Report Highlights
- The textile yarn segment dominated the market in 2023, with a share of 34.8% in 2023 attributed to the increased use of caprolactam in producing nylon 6.
- The automotive segment dominated the market in 2023, with a share of 27.0% in 2023 owing to the growth in the automotive industry and increased demand for nylon 6.
- The film and coating segment is projected to grow at a CAGR of 5.9% during the forecast period.
- Asia Pacific dominated the caprolactam market with a market share of 76.0% in 2023. This market growth resulted from rapid industrialization and increased demand for caprolactam in various industries such as automotive and construction.
The leading players in the Caprolactam market include:
- UBE Corporation
- Advansix
- BASF SE
- DOMO Chemicals
- Valco Group
- SPOLANA
- Zhengzhou Meiya Chemical Products Co.Ltd
- LUXI GROUP
- Caprolactam Chemicals Ltd.
- Gujarat State Fertilizers & Chemicals Limited
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Caprolactam Market Variables, Trends, & Scope
Chapter 4. Caprolactam Market: Application Estimates & Trend Analysis
Chapter 5. Caprolactam Market: End Use Estimates & Trend Analysis
Chapter 6. Caprolactam Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the Caprolactam market include:- UBE Corporation
- Advansix
- BASF SE
- DOMO Chemicals
- Valco Group
- SPOLANA
- Zhengzhou Meiya Chemical Products Co.Ltd
- LUXI GROUP
- Caprolactam Chemicals Ltd.
- Gujarat State Fertilizers & Chemicals Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 15.3 Billion |
| Forecasted Market Value ( USD | $ 21.5 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
