Press release
Caprolactam Market Value to Reach US$ 21.2 Billion During 2023-2028
According to the latest report by IMARC Group, titled "Caprolactam Market: Global Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The global caprolactam market size reached US$ 16.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.88% during 2023-2028.Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/caprolactam-market/requestsample
Caprolactam Market Overview:
Caprolactam is a chemical compound with the molecular formula C6H11NO, which is used primarily in producing nylon 6, a synthetic polymer widely used in the textile, automotive, and engineering industries. It is a white crystalline solid with a mild, characteristic odor. It is produced from cyclohexanone, which is obtained from the oxidation of cyclohexane. Converting cyclohexanone to Caprolactam involves several steps, including a reaction with ammonium sulfate and hydrogenation.
Caprolactam Market Demand and Growth Analysis:
The global market is primarily driven by the increasing demand for nylon 6. In line with this, the rising demand for lightweight materials is significantly contributing to the market. Furthermore, the demand for Caprolactam is growing in emerging countries due to rapid industrialization and urbanization. Apart from this, the production of Caprolactam has become more efficient and cost-effective with advancements in production technology, making it a more competitive option in the market. Moreover, the escalating demand for eco-friendly products is catalyzing the market. Besides, the rapid adoption of high-performance materials is propelling the market. Additionally, the increasing demand for textiles and the rising demand for lightweight and durable automotive parts are providing a boost to product uptake.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/caprolactam-market
Key Market Segmentation:
Top Caprolactam Market Leaders Worldwide:
• AdvanSix Inc.
• Alpek S.A.B. de C.V.
• BASF SE
• Capro Corporation
• China Petrochemical Development Corporation
• China Petrochemical Corporation (Sinopec)
• DOMO Chemicals GmbH
• Gujarat State Fertilizers & Chemicals Limited
• Koninklijke DSM N.V.
• LANXESS AG
• Sumitomo Chemical Co., Ltd.
• Toray Industries Inc.
• Ube Industries, Ltd.
Breakup by Source:
• Cyclohexane
• Phenol
• Toluene
• Others
Breakup by End-Product:
• Nylon 6 Fibers
• Nylon 6 Resins
• Others
Breakup by Application:
• Industrial Yarns
• Engineering Resins and Films
• Textiles and Carpets
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
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City: Brooklyn
State: NY
Country: United States
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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