Caprolactam Market Overview For Key manufacturers : Koninklijke De Kuyper, Honeywell, UBE Industries, Ltd., BASF, Capro Corporation, China Petrochemical Development Corporation, OSTCHEM, Sumitomo Chemical & Braskem

Caprolactam is an organic compound, which is basically a colorless solid and is a lactam of caproic acid. The caprolactam market is expected to grow on account of expanding automobile industry and growing demand for industrial yarn across the world. The market is largely driven by demand generated from nylon-6 production as almost all of the compounds produced are utilized in the manufacturing of nylon-6.

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On the basis of type, the caprolactam market is categorized into nylon 6 resins and nylon 6 fiber. The category of nylon 6 resins is further categorized into engineering plastics, packaging, electronics, and others (lysine synthesis, composites, and musical strings). Moreover, the category of nylon 6 fiber is further classified into textile, industrial, carpet, machinery, electrical and environment, automotive, film and coating, consumer goods, appliances, and wire and cable.

One of the major drivers identified in the caprolactam market is the growing purchasing power of individuals in the developing countries. In the recent times, countries such as China and Indian have undergone rapid economic development. The increased economic prosperity in these countries have resulted in growth of middle-class population having high purchasing power.

One of the major restraints identified in the caprolactam market is the instability in raw material prices for producing the compound. Unstable raw material prices and concentration of demand of the compound in few countries are the key challenges for caprolactam market. Due to constant fluctuation in the prices of the raw materials, the companies engaged in the production of the compound witness variability in profit margins, which eventually force these companies to delay their expansion plants.

Some of the major players in the global caprolactam market include Koninklijke DSM N.V., Honeywell International Inc., Ube Industries Ltd., BASF SE, Capro Corporation, China Petrochemical Development Corporation, OSTCHEM, Braskem SA, DOMO Caproleuna GmbH, Gujarat State Fertilizers & Chemicals Ltd., Shandong Haili Chemical Industry Co. Ltd., Sumitomo Chemical Co. Ltd., LANXESS AG, Toray Industries Inc., and Univex Corporation.

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The study provides historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.

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