Caprolactam Market Report

The global Caprolactam market is expected to benefit from ever-increasing industrial demand for nylon-6. Caprolactam is primarily used in the production of nylon 6 fibres and nylon 6 resins. Application of these resins and fibres is high among end-user industries such as automobiles, electrical & electronics, textiles, engineered plastics, wire & cabling, and specialty film packaging. Technological innovations in the processing as well as manufacturing of the end-products is expected to emerge as a key trend in the Caprolactam market.

Manufacturers to Take up Acquisition as a Key Business Strategy

Koninklijke DSM N.V., Gujarat State Fertilizers & Chemicals Ltd., Honeywell International Inc., Capro Corporation, China Petrochemical Development Corporation, Ube Industries Ltd., OSTCHEM, Braskem SA, Shandong Haili Chemical Industry Co. Ltd., DOMO Caproleuna GmbH, Sumitomo Chemical Co. Ltd., LANXESS AG, Toray Industries Inc., BASF SE, and Univex Corporation are some of the key players studied in this market research report.

For instance, Ube Industries Ltd., a key company has lately announced the acquisition of a Spanish compound manufacturer, Repol S.L. The acquisition will establish a complementary relationship in the nylon 6 business. Moreover, it will grant Ube Industries the access to product development capabilities and compound technologies of Repol for non-nylon resins.

Surge in the Demand for Nylon 6 to Drive the Caprolactam Market in Future

It has been observed that the demand for Nylon 6 is rapidly increasing among the end user industries, which is boosting the overall Caprolactam market growth. In addition, high demand for lightweight vehicles in the automobile industry is creating robust demand for the product. Demand from the textile industry to manufacture apparels, fashion clothing, sportswear, and protective clothing is also positively affecting the Caprolactam market growth. Growing consumer preference for modern products is also acting as a key driver in the Caprolactam market.

On the flip side, presence of counterparts such as Nylon 6/6 and Polyester may hamper the growth of the Caprolactam market. In addition, health and environment hazards associated with the exposure of Caprolactam is a key challenge for the market.

Market Segmentation

By Type

●  Nylon 6 Resins [Engineering Plastics, Packaging, Electronics]

● Nylon 6 Fiber [Textile, Industrial, Carpet, Machinery, Electrical & Environment, Automotive, Film & Coating, Consumer Goods, Appliances, Wire & Cable]

Most of the Caprolactam is used in the production of Nylon 6 Fibers for textile, carpet, and industrial yarns. Nylon 6 fibers are also increasingly used for tire cord manufacture, engine covers, and gears & bearings on account of their excellent characteristics. They are known for their high tensile strength as well as elasticity and lustre. Market analysts have anticipated that the application of Nylon 6 Resins may increase for designing the automotive components.

Moreover, the automotive manufacturers are reducing the weight of vehicles by substituting metals with engineering plastics, thus creating robust demand for Nylon 6 Resins. Nylon 6 Resins are known for their high strength at elevated temperatures, high fatigue resistance, and resistance to oils and greases.

By Region

Asia Pacific is expected to witness robust growth in the years to come on account of rapid industrialization and booming automotive, textile, and plastics industry. High production and consumption of Caprolactam in China is also contributing to the regional market growth. Other countries such as Taiwan, South Korea, and Japan are also likely to contribute to the growth in future.

Demand for engineering resin is anticipated to witness a surge in Europe in the forthcoming years. Extensive usage of Nylon Fibers in the textiles such as leisure wear, sportswear, and hosiery in the US, thus influencing the Caprolactam market growth in North America. Moreover, demand for lightweight materials is high in North America, which is increasing the application of Caprolactam.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.