Press release
Caprolactam Market Value to Reach US$ 21.2 Billion During 2023-2028
Caprolactam Market
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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.
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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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