Global Caprolactam Market worth 5,676.87 kilo tons by 2024 with a CAGR of 3.47%

The report "Global Caprolactam Market, By Raw Material (Cyclohexane/Benzene, Phenol and Toluene, Ammonia, and Others), By Type (Solid and Liquid), By Product (Polymer Chip, Nylon 6 resins and film, Nylon 6 Fibers and Others), By Application (Fiber, Engineering Plastics and Others), and Region - Global Forecast to 2024" global caprolactam market is projected to grow from 4,787.05 kilo tons in 2019 to 5,676.87 kilo tons by 2029. One of the major driver for growing global caprolactam market is the increasing purchasing power of individuals in the developing countries in clothing industries which in turn, supports the demand for caprolactam used in fabric production. The increasing demand for caprolactam in engineering plastics and films application is expected to drive the market for caprolactam. The high growth of the caprolactam market is primarily due to the growing electrical & electronics and automotive industries. Due to caprolactum high tensile strength and elasticity they are usually used in the automotive and textile industry. The growing demand for clothing and automobile is encouraging the demand for caprolactam.

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Key Highlights:

In May 2018, Aquafil and Genomatica announced the formation of Project EFFECTIVE, a multi-company collaboration to produce more sustainable fibers and plastics for commercial use by using renewable feedstocks and bio-based technologies. One of the key objectives of Project EFFECTIVE is to develop a more sustainable nylon, made from bio-based caprolactam produced using renewable feedstocks.
In February 2018, Aquafil signed an agreement with INVISTA, one of the world's largest integrated producers of chemical intermediates, polymers, and fibers, to acquire certain tangible and intangible assets related to INVISTA's nylon 6 business activity in APAC. This will accelerate Aquafil's investment program in APAC, which has the highest potential, in terms of demand growth for synthetic fibers.
Key Market Insights from the report:

The global caprolactam market accounted for 4,787.05 kilo tons in 2019 and is projected to register a moderate CAGR of 3.47% over the forecast period. The market report has been segmented on the raw material, type, product, application, and region.

By raw material, the global caprolactam market is categorized into Cyclohexane/Benzene, Phenol and Toluene, Ammonia, and Others.
By Type, the global caprolactam market is segmented into Solid and Liquid.
By Application, the global caprolactam market is sub-divided into Fiber, Engineering Plastics and Others.
By region, Asia-Pacific is projected to lead the global caprolactam market and is expected to remain dominant during the forecast period, growing textile and automotive industries in countries.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Global Caprolactam Market", By Raw Material (Cyclohexane/Benzene, Phenol and Toluene, Ammonia, and Others), By Type (Solid and Liquid), By Product (Polymer Chip, Nylon 6 resins and film, Nylon 6 Fibers and Others), By Application (Fiber, Engineering Plastics and Others), and by Region - global forecast till 2030

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The prominent player operating in the global caprolactam market includes 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.

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