Caprolactam Market Growth Dynamics Share Value, Size, Business Opportunities and Industry Forecast to 2030

 Synopsis of Caprolactam Market:

The worldwide caprolactam market is likely to generate USD 14.9 billion by 2019. The market is expected to grow at a CAGR of 8.1% from 2022 to 2030. Caprolactam is an organic compound. This colorless solid is a cyclic amide or a lactam of caproic acid. Caprolactam Market is a medium primarily used in the production of resins and nylon 6 fibers. Caprolactam is majorly consumed in the production of nylon fibers for carpets, industrial yarns, and textiles. Besides, it finds wide applications in films and engineering resins. Nylon 6 textile fibers can be combined with elastane/spandex fibers to create good stretch-fit properties. Nylon 6 finds application in industries such as sportswear, apparel, hosiery, swimwear, casual, and fashion wear. Rugs and carpets made from nylon are available in many structures, styles, patterns, and colors.

Caprolactam is an organic compound with the chemical formula (C6H11NO). It is most commonly obtained by the synthesis of cyclohexane, phenol and toluene. Characterized by a clear to milky-white color, it is a crystalline lactam or a cyclic amide of caproic acid. It is soluble in water and other liquids, including oxygenated and chlorinated solvents. It is a synthetic polymer that is widely used for manufacturing nylon 6. It exhibits lightweight properties, improved elasticity and excellent chemical resistance. As a result, it is used to form high-strength nylon fibers and resins that are further utilized for the production of textiles, carpets, films, brush bristles, industrial yarns, synthetic leather, plastics, plasticizers and lysine.

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Key Players

Honeywell International Inc, BASF SE
China Petroleum & Chemical Corporation (Sinopec Limited)
Kuibyshevazot Ojsc
Royal DSM N.V.
Lanxess Ag
Sumitomo Chemical Company Limited
Shandong Haili Chemical Industry Co. Ltd.
China Petrochemical Development Corporation (CPDC)
UBE Industries

However, the adverse environmental impacts of caprolactam is likely to influence the global caprolactam market negatively.

Market Segmentation

The global caprolactam market has been segmented based on end-use and source. Based on source, the market has been segmented into Toluene, Cyclohexane, and Phenol. Based on End-Use, the market has been segmented into Textile Stiffeners, Textile Yarns, Synthetic Leather, Film Coatings, Plasticizers, Plastics, and others.

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Regional Analysis

Geographically, the global caprolactam market has been segmented into North America, Europe, and Asia Pacific. APAC market holds a remarkable share in caprolactam production. China is likely to witness a sharp increase in caprolactam production owing to the installation of new and updated capacities. The introduction of new capacities is anticipated to curtail caprolactam prices over the forecast period. The Chinese producers are struggling to offload their high inventories, which is leading to week-on-week lower offers. Additionally, consumers in China are gradually opting for the domestic market to meet their inventory requirements in view of the fluctuating US dollar-Chinese yuan exchange rates. However, China’s environmental policies are imposing emission control measures which is likely to restrict the caprolactam market to a certain extent. The Asia-Pacific market is followed by Europe. Europe market registers growth owing to the increasing demand for apparel in the market. The North American market has been recording sluggish growth over the forecast period.

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