Press release
Caprolactam Market Trends by Key Players: Lanxess, Advansix, Fibrant, Ube Industries Ltd., Bruggemann Gruppe, Domo Chemicals, BASF, Spolana, Alpek S.A.B, Kemerovo JSC Azot, Sumitomo Chemicals Co.ltd., Guichon Valves, KuibysheuAzot OJSC
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Caprolactam Market Size is likely to witness a steady growth from 2017 to 2024 pertaining to high growth in nylon 6 applications in end-use sectors such as automotive, electronics, textiles, packaging, etc.
Caprolactam, is a cyclic amide or lactam of caproic acid. It is a colorless organic compound which is a raw material to nylon 6, an extensively used synthetic polymer. Caprolactam is usually manufactured from three different sources such as cyclohexane, phenol and toluene. The most commonly used raw material to produce caprolactam is cyclohexane via converting it to oximes by using hydroxylammonium sulfate followed by Beckmann rearrangement. The product’s mechanical properties such as light-weight and high strength makes it an aptly endorsed material to produce nylon fiber and resins. The caprolactam manufacturing plant requires less technical complexity coupled with low initial infrastructure investment which will encourage new participants to enter the market.
The product industries generally exhibit high degree of forward integration as most of the caprolactam producers are also involved in production of nylon 6 products.
The primary hindrance in the product market is the release of ammonium sulfate as a by-product during its manufacturing pertaining to its hazardous nature and toxicity which causes environmental and health concern. The other reason that will encumber the market growth is stringent regulation by the government. For instance, in 2011, the investigating authority of China implement regulation no.68 of 2011, to launch an anti-dumping investigation of caprolactam which originated from Europe and the U.S.
Based on the raw material, the market is categorized as cyclohexane, phenol and toluene. Among all, cyclohexane is the most popular raw material due to its low cost and ease of availability. The new technological innovation to minimize the amount of hazardous by-product will augment use of cyclohexane. For instance, Fibrant HPO-plus technology has significantly reduced the byproduct to 1.5 tons per ton of caprolactam.
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Top key players:
The immense contribution by the companies involved in this industry makes the competitive landscape of caprolactam market vivid and dynamic. Some of the renowned players are Lanxess, Advansix, Fibrant, Ube Industries Ltd., Bruggemann Gruppe, Domo Chemicals, BASF, Spolana, Alpek S.A.B, Kemerovo JSC Azot, Sumitomo Chemicals Co.ltd., Guichon Valves, KuibysheuAzot OJSC, etc.
Market share calculation in this report is not done based on companies covered in it. The calculation of Caprolactam Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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