Caprolactam market was valued at US$ 11490 million in 2022 and is anticipated to reach US$ 17710 million by 2029, witnessing a CAGR of 6.3% - Valuates reports

he global Caprolactam market was valued at US$ 11490 million in 2022 and is anticipated to reach US$ 17710 million by 2029, witnessing a CAGR of 6.3% during the forecast period 2023-2029.
Caprolactam (CAS 105-60-2), a lactam or cyclic amide of caproic acid, is a whitish solid or colorless liquid. The predecessor to Nylon 6, a popular synthetic polymer, is caprolactam. In the upcoming years, the caprolactam market is expected to expand due to the rising demand for bio-based caprolactam in engineering plastics applications and the need for lightweight automobiles. Additionally, characteristics of nylon fibers and resins like chemical and oil resistance, high strength, elasticity, and abrasion resistance along with low moisture absorbency are anticipated to drive the Caprolactam market during the projection period. Additionally, it is anticipated that the Caprolactam market will expand in the coming years due to rising plastics demand in the construction, electrical & electronics, automotive, and other industries.

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Caprolactam (CAS 105-60-2), a white solid or a colourless liquid, is a lactam or a cyclic amide of caproic acid. Caprolactam is the precursor to Nylon 6, a widely used synthetic polymer.
Caprolactam Market Trends
The use of nylon fabric in the industrial yarn is expanding in the manufacture of conveyor belts, ropes, cables, clothing for packaging, and mechanical rubber products. During the forecast period, increasing nylon fabric demand because of qualities like high tensile strength, scrub resistance, elasticity, and heat resistance is expected to have a positive effect on the caprolactam market.

Manufacturers of caprolactam use important strategies like technology launches, acquisitions, and R&D activities to increase their market share. Thus, it is predicted that the Caprolactam market growth rate will be driven by the increasing demand for sustainable and bio-based products.

The manufacturing of nylon 6 fibers, one of the most widely used products on the market, makes heavy use of caprolactam. These fibers also offer lightweight and high strength, are simple to dye, and primarily create bright and deep shades. Numerous hosiery, activewear, swimwear, and fashion items use nylon 6 fibers. When combined with spandex fibers, these fibers have excellent flexible fit characteristics. They are also utilized in packaging uses due to their advantageous optical, mechanical, and barrier qualities. Sewing threads, industrial drive belts, fishing nets, tire filaments, and many other products are made with nylon 6 fibers. All of these factors raise the demand for caprolactam, opening up numerous opportunities for caprolactam market expansion.

Caprolactam Market Share Analysis
Fibrant, BASF, Sinopec, and others are key players in the global Caprolactam (CAS 105-60-2) market. Over 30% of the worldwide market share is held by the top 3 competitors.

The two largest markets, China and Europe, account for more than 80% of the global industry.

With a share of more than 85%, the Solid variety is the dominant variety.

The main product, which accounts for about 75% of shares, is nylon 6 fiber.

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