Caprolactam market research report draws attention to key market dynamics of the sector. A range of definitions and classification of the Food & Beverage industry, applications of the Food & Beverage industry and chain structure are provided in the report. The competitive landscape section of the report brings into light a clear insight about the market share analysis of major industry players. The company profiles of all the top players and brands that are leading the Caprolactam market with moves like product launches, joint ventures, mergers and acquisitions which in turn is affecting the sales, import, export, revenue and CAGR values are revealed in this market report.
By keeping in mind the end user’s point of view, a team of researchers, forecasters, analysts and industry experts work in-depth to prepare Caprolactam market research report. It is the most appropriate, realistic and admirable market research report delivered with a supreme devotion and comprehension of business needs. The research and analysis carried out in this report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product. Caprolactam is the most promising market research report which has been framed in the way foreseen.
Data Bridge Market Research analyses that the caprolactam market is expected to reach USD 25.77 billion by 2030, which is USD 16.41 billion in 2022, registering a CAGR of 5.80% during the forecast period of 2023 to 2030.
Some of the major players operating in the caprolactam market are:
- BASF SE (Germany)
- Honeywell International Inc (U.S.)
- Kuibyshevazot (Russia)
- China Petroleum & Chemical Corporation (China)
- LANXESS (Germany)
- DSM (Netherlands)
- Toray Industries Inc, (Japan)
- Sumitomo Chemical (Japan)
- China Petrochemical Development Corporation (China)
- UBE Corporation (Japan)
- Hengyi Petrochemical Co. Ltd (China)
- Mogilevkhimvolokno (Europe)
- Chemicals and Petrochemicals Manufacturers’ Association (India)
- DSM (Netherlands)
- LUXI GROUP (China)
Market Overview
The growing demand for bio-based caprolactam in engineering plastics application and the requirement for lightweight automotive vehicles are anticipated to enhnace the caprolactam market in the predicted years. Also, properties such as chemical & oil resistance, high strength, elasticity, abrasion resistance along low moisture absorbency of nylon fibers and resins are projected to fuel the market during the forecast period. Moreover, growing demand for plastics in the automotive, construction, electrical & electronics sectors and the increasing automotive and electronics industry are expected to boost the market growth in upcoming years.
Caprolactam Market Dynamics
Drivers
- Growing demand of nylon fabric in industrial yarn
Nylon fabric in industrial yarn has growing application scope in the production of ropes, cables, conveyor belts, packaging clothes and mechanical rubber goods. Growing nylon fabrics demand due to properties such as high tensile strength, scrub resistance, elasticity and heat resistance is anticipated to positively impact the caprolactam market during the forecast period.
- Surging demand for sustainable and bio-based products
Technology launches, acquisitions and R&D activities are key strategies used by caprolactam manufacturers, thereby expanding their market share. For instance Genomatica and Aquafil have declared the formation of Project EFFECTIVE. This is a multi-company collaboration to create more sustainable plastics and fibers for commercial usage by utilizing bio-based technologies and renewable feedstocks. One of the main goal of Project EFFECTIVE is to produce more sustainable nylon from bio-based caprolactam. Thus, the surging demand for sustainable and bio-based products is anticipated to drive the market growth rate
Opportunities
- Increasing demand of caprolactam for the production of nylon 6 fibers
The caprolactamis highly used in the production of nylon 6 fibers which is one of the major applications all over the market. This accounts for over 56% of the caprolactam market share. Nylon 6 fibers are highly resistant to chemicals and abrasion, such as alkalis, acids, and wrinkle proof. Furthermore, it is easy to dye these fibers, which mainly produce bright and deep shades, while offering lightweight and high strength.
Nylon 6 fibers have numerous applications in hosiery, sportswear, swimwear and fashion wear. These fibers have great stretch fit properties when mixed with spandex fibers. Apart from clothing, nylon 6 fibers have other industrial applications, such as fishing nets, tarpaulins, and tarpaulins. Furthermore, they are used in packaging applications becasue they have good optical, mechanical and barrier properties. Nylon 6 fibers are widely used in the production of sewing threads, industrial drive-belts, fishing nets, tire yarns and many others. As a result of all these factors, the demand for the caprolactam increases, creating numerous market growth opportunities.
Highlights of TOC
Chapter 1: Market overview
Chapter 3: Regional analysis of the Global Caprolactam industry
Chapter 4: Global Caprolactam segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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