Caprolactam Market to Witness Robust Growth in the Asia Pacific, Especially in India

Caprolactam is an intermediate primarily used in the production of nylon 6 fibers and resins. Around 68% of caprolactam is consumed in the production of nylon fibers for textile, carpet, and industrial yarns with the rest used in engineering resins and films. Thus, with the rapidly growing textile industry, the demand for caprolactam is also increasing with a rapid pace all around the world.

This in turn is expected to propel the caprolactam market growth. According to India Brand Equity Foundation (IBEF), the Indian textile industry counts among the leading textile industries in the world. Moreover, India is expected to become a significant player in the global textile economy, both as a consumer and as a producer of textiles.
Nylon 6 fiber and resins have wide applications in textile and automotive industry due to their superior elasticity and high tensile strength. Auto manufacturers are focusing on reducing the weight of vehicles to improve fuel efficiency and performance. Thus, automotive parts made up of metal are being rapidly replaced by nylon 6 and polyamide 6 due to high chemical and temperature resistance. For example, engine cover, air intake manifold, relay boxes, radiator grilles, airbag containers, and door handles, among others are manufactured from polyamide 6 or nylon 6. Thus, with the rapidly growing automotive industry, the demand for caprolactam is also expected to increase with a rapid pace.

Caprolactam Market and the market size is expected to reach a value of USD 5.75 billion, at a CAGR of 7.07% during 2021-2025.

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Caprolactam Market Report Coverage:
By Raw Material: Cyclohexane, Phenol, and Toluene
By Application: Nylon 6 Fiber, and Nylon 6 Resin

By End-Use Industry: Textile, Industrial Fibers, Engineering Plastics, Carpet Fibers, Automotive, Electrical & Electronics, and Others

By Geography: North-America, South-America, Europe, Asia Pacific, and RoW

According to IBEF, in 2020, India was the fifth-largest auto market, with ~3.49 million units combined sold in the passenger and commercial vehicles categories. Moreover, India was the seventh largest manufacturer of commercial vehicles in 2019. This in turn is expected to drive the growth of the caprolactam market in the Asia Pacific region, especially in India. Moreover, nylon 6 is widely used in the electrical and electronic equipment industry due to low weight and high electrical insulation compared to metal tubes, which includes connectors, tubes for wiring and cables protection, contactors, voltage switchgears, circuit breakers, among others.

Therefore, there is an increasing demand for caprolactam in various end-use industries, such as textile, automotive, and electrical-electronic equipment industry. Growth of the caprolactam market is also attributed to the increasing demand for electronic gadgets and equipment due to populous economy and changing lifestyle. Growing electronics industry is propelling demand for nylon 6 fiber and resin consumption. This in turn is also expected to increasing the demand for nylon 6 fiber and resin, increasing the demand for caprolactam.

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