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Caprolactam Market Report 2023-2032: Market Analysis, Growth, Key Trends And Forecast
Caprolactam Market
The Business Research Company's Caprolactam Global Market Report 2023 identifies growth of the automotive industry as the major driver for the Caprolactam market's growth in the forecast period. The automotive industry comprises the companies involved in the design, manufacture, and sale of motor vehicles and related components. The shift towards fuel-efficient and environment-friendly automobiles has encouraged the use of nylon 6 in automobiles to reduce weight and fuel consumption by the vehicle.
The global caprolactam market size grew from $14.72 billion in 2022 to $15.71 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The caprolactam market size is expected to grow to $19.3 billion in 2027 at a CAGR of 5.3%.
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Major competitors in the Caprolactam market are AdvanSix Inc., Alpek S.A.B. de C.V., The Aquafil Group, Toray Industries Inc., Capro Corp.
A key trend in the Caprolactam market includes technological advancements. Major companies operating in the caprolactam sector are focused on developing new technological solutions to strengthen their position in the market. For instance, in July 2021, Fibrant, a Netherlands-based chemical products and services company, marketed its caprolactam under the tradename EcoLactam, a new generation caprolactam with a reduced carbon footprint. The company will reduce its carbon footprint by over 50 percent by applying proprietary Hydranone technology.
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The Caprolactam market is segmented -
• By Raw Material: Phenol, Cyclohexane, Hydroxylamine Sulfate, Other Raw Materials
• By Application: Nylon 6 Filaments, Textile Yarn, Nylon 6 Fibers, Engineering Plastics, Printer Inks, Other Applications
• By End-User: Textile Industry, Automobile Industry, Electrical And Electronics Industry, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Caprolactam market.
The Business Research Company's "Global Caprolactam Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Caprolactam Market Include:
1. Executive Summary
2. Caprolactam Market Characteristics
3. Caprolactam Market Trends And Strategies
4. Caprolactam Market - Macro Economic Scenario
5. Caprolactam Market Size And Growth
………………………………………………………….
26. Africa Caprolactam Market
27. Caprolactam Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Caprolactam Market
29. Caprolactam Market Future Outlook and Potential Analysis
30. Appendix
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