Press release
Caprolactam Market, By Raw Material (Phenol and Cyclohexane),to reach USD 25.77 billion by 2030
Caprolactum is a type of an organic compound which is used in the manufacture of nylon 6 fibre and resins. As a result of its superior elasticity, tensile strength, chemical and oil resistance and low moisture absorbency nylon 6 resin and nylon 6 fibres have augmented their demand in the textile and automotive industry. Many automakers are substituting caprolactum with nylon 6 owing to its high chemical and temperature resistance properties. They are also used in electronic and electrical equipment such as switchgears, circuit breakers, contractor, and connectors because they have low weight compared to metal tubes.View Detailed Report: https://www.databridgemarketresearch.com/reports/global-caprolactam-market
The growing demand for bio-based caprolactam in engineering plastics application and the requirement for lightweight automotive vehicles are anticipated to enhnace the caprolactam market in the predicted years. Also, properties such as chemical & oil resistance, high strength, elasticity, abrasion resistance along low moisture absorbency of nylon fibers and resins are projected to fuel the market during the forecast period. Moreover, growing demand for plastics in the automotive, construction, electrical & electronics sectors and the increasing automotive and electronics industry are expected to boost the market growth in upcoming years.
Data Bridge Market Research analyses that the caprolactam market is expected to reach USD 25.77 billion by 2030, which is USD 16.41 billion in 2022, registering a CAGR of 5.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Some of the major players operating in the caprolactam market are:
BASF SE (Germany)
Honeywell International Inc (U.S.)
Kuibyshevazot (Russia)
China Petroleum & Chemical Corporation (China)
LANXESS (Germany)
DSM (Netherlands)
Toray Industries Inc, (Japan)
Sumitomo Chemical (Japan)
China Petrochemical Development Corporation (China)
UBE Corporation (Japan)
Hengyi Petrochemical Co. Ltd (China)
Mogilevkhimvolokno (Europe)
Chemicals and Petrochemicals Manufacturers' Association (India)
DSM (Netherlands)
LUXI GROUP (China)
Global Caprolactam Market Scope
The caprolactam market is segmented on the basis of raw material, end product, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
Phenol
Cyclohexane
End Product
Nylon 6 Resins
Nylon 6 Fibers
Other End Products
Application
Engineering Resins and Films
Industrial Yarns Textiles and Carpets
Other Applications
End Use
Textile Yarn
Textile Stiffeners
Film Coatings
Synthetic Leather
Plastics
Plasticizers
Others
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
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Data Bridge Market Research
Tel: +1-888-389.80-2818 | +44 208 089 1725 | +852 8192 7475
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