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.

Get a Free Sample PDF Brochure -
https://www.marketresearchfuture.com/sample_request/2255

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.

Get Complete Report for Better Understanding – https://www.marketresearchfuture.com/reports/caprolactam-market-2255

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.

Comments

Post a Comment

Popular posts from this blog

Carbon Black Market: Anticipated Expansion and Key Developments (2023-2033)

  The carbon black market has experienced significant growth in recent years, driven by its wide range of applications across various industries. Carbon black is a fine powder produced by the incomplete combustion of hydrocarbons. It is primarily composed of carbon and possesses unique properties such as high tensile strength, conductivity, and ultraviolet (UV) resistance. The market for carbon black is influenced by factors such as the expanding automotive industry, the growing demand for specialty carbon black, and increasing applications in the construction sector. One of the key drivers for the carbon black market is the automotive industry. Carbon black is extensively used in the manufacturing of tires and rubber products. It improves the strength, durability, and abrasion resistance of tires, enhancing their performance and safety. With the rising demand for vehicles worldwide, especially in emerging economies, the demand for carbon black in the automotive sector has witnessed s
Read more

Recovered Carbon Black Market 2023, Size, Global Trends, Industry Share, Growth Rate, Top Players, Business Opportunities, Demand, Forecast 2032

 The  recovered carbon black (rCB) market  has experienced significant growth in recent years, driven by factors such as the increasing demand for sustainable products, stringent environmental regulations, and the growing emphasis on circular economy practices. Recovered carbon black refers to the recycled form of carbon black, which is a fine powder derived from the incomplete combustion of hydrocarbons. One of the key drivers for the growth of the PCB market is the rising demand for sustainable alternatives to conventional carbon black. Carbon black is widely used in various industries, including rubber manufacturing, plastics, and coatings, due to its excellent reinforcing properties and UV resistance. However, the production of virgin carbon black involves the emission of greenhouse gases and other pollutants. As a result, there is a growing need to adopt more environmentally friendly solutions, leading to the increased utilization of recovered carbon black. The market for recove
Read more

Active Calcium Silicate Market: Growth Prospects and Technological Advancements (2023-2033)

  Active Calcium Silicate Market The Active calcium silicate market has been witnessing significant growth due to the increasing demand for thermoplastic polyurethane (TPU), biocomposites, and synthetic rubber across various industries. Active calcium silicate, also known as calcium metasilicate, is a versatile material that finds applications in diverse sectors such as construction, automotive, healthcare, and food processing. One of the key drivers of the active calcium silicate market is the growing demand for thermoplastic polyurethane. TPU is a type of elastomer that offers excellent mechanical properties, including high elasticity, durability, and resistance to abrasion, chemicals, and UV radiation. TPU is widely used in the manufacturing of footwear, automotive parts, industrial belts, and sports equipment. Active calcium silicate is used as a reinforcing filler in TPU formulations, enhancing its mechanical strength, dimensional stability, and flame retardancy. Biocomposites ,
Read more