Caprolactam Market Size Worth USD 22.20 Billion in 2032 | Emergen Research

Growth in production capacity of nylon 6, growing demand of nylon fabric in industrial yarn, surging demand for sustainable and bio-based products

The global caprolactam market size was USD 15.07 Billion in 2022 and is expected to register a revenue CAGR of 3.9% during the forecast period. Growth in production capacity of nylon 6, growing demand of nylon fabric in industrial yarn, surging demand for sustainable and bio-based products, growth of firms and coating applications are contributing to market revenue growth of caprolactam market are some of the factors expected to drive revenue growth of the market.

Growth in the Production Capacity of Nylon 6

Growth in the production capacity of nylon 6 is contributing to caprolactam market revenue growth. Caprolactam serves as a key intermediate compound to produce Nylon 6, a versatile material used in various industries. In the textile industry, Nylon 6 has gained popularity due to its exceptional characteristics, including being lightweight, having high tensile strength, elasticity, and luster. These qualities make it an ideal choice for manufacturing durable and smooth garments. Nylon 6 fibers can be transformed into fabrics, industrial yarns, floor coverings, fibers, and films. It is used to create a wide range of textile products, such as threads, ropes, filaments, hosiery, carpets, and knitted garments.

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Increased Adoption of Nylon 6 From Electronic Industry

In addition, caprolactam is utilized in the production of printing inks, which contain derivatives of this chemical for textile printing on hydrophobic fibers. Moreover, Nylon 6, derived from caprolactam, finds application in the electrical and electronics industry due to its excellent dielectric strength, resistance to electricity, heat, and flame. This has led to increased adoption of Nylon 6 in the production of various electronic components, including mobile phones, computer motherboards, circuit breakers, and more. With the rising usage of electronic devices, especially smartphones and computers, the demand for Nylon 6 and, consequently, caprolactam is on the upswing.

Segment Insights

Raw Material Insights:
On the basis of raw material type, the caprolactam market is segmented into phenol and Cyclohexane.

Dominance of Cyclohexane Segment:
The Cyclohexane segment is expected to have the highest share in the caprolactam market during the forecast period owing to the result of its crucial role in the production of Nylon 6 and Nylon 6,6, two highly versatile and widely used polymers. Cyclohexane serves as a fundamental raw material for caprolactam, the precursor for these nylon types. The demand for nylon is extensive, with applications spanning various industries, driving the need for cyclohexane. The textile industry relies on Nylon 6 for products like carpets, furniture, ropes, and fishing nets, and the continuous growth in this sector has led to increased consumption of nylon filaments and fabrics, creating a strong demand for cyclohexane.

Application Insights:
On the basis of application, the caprolactam market is divided into resins and films, industrial yarns, textiles and carpets and other applications.

Dominance of Textiles and Carpets Segment:
The textiles and carpets segment are poised to be the dominant force in the caprolactam market during the forecast period. Caprolactam serves as the essential building block to produce Nylon 6, a chemical fiber widely employed in the textile sector. Nylon 6 exhibits exceptional properties, making it a preferred choice for various textile applications. Fabrics produced from Nylon 6 are known for their vibrant colors, lightweight yet durable nature, and ease of dyeing, resulting in bright and deep shades. This versatile material is used in the production of textiles such as chiffon and organza, known for their luster and translucency.

End-Use Insights:
On the basis of end use, the caprolactam market is segmented into textile yarn, textile stiffeners, film coatings, synthetic leather, plastics, plasticizers, and others.

Dominance of Textile Yarn Segment:

Textile yarn segment accounted for largest revenue share in the caprolactam market in 2022. The textile yarn segment is a pivotal contributor to the revenue share of the caprolactam market, and its significance in this industry segment can be attributed to several factors. Caprolactam plays a vital role in the production of nylon 6 fibers, which are extensively utilized in textile applications. Nylon fabric made from these fibers is a versatile material widely used in various apparel categories such as sportswear, cyclewear, and swimwear. In addition, nylon 6 fibers find applications in the manufacturing of household furnishings, including bedspreads, carpets, upholstery, curtains, and more.

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Major Companies and Competitive Landscape
The caprolactam market is consolidated, with a few small and large companies accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective Caprolactams.

Some of the major companies included in the caprolactam market report are:
• Toray Industries, Inc.
• Luxi Group
• Domo Chemicals
• Fibrant
• Advansix
• UBE Corporation
• Sumitomo Chemical Co., Ltd.
• China Petrochemical Corporation.
• BASF SE
• Aquafil S.p.A.

Strategic Development

• In September 2022, Xuyang Group launched caprolactam production at its Cangzhou Park facility, completing the second phase of a 300,000-ton annual expansion project. This expansion increased their total production capacity to 750,000 tons per year.

• In March 2022, Domo Chemicals significantly increased its caprolactam production capacity in Germany, reaching 500,000 tons per year, up from 176,000 tons per year.

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For the purpose of this report, Emergen Research has segmented caprolactam market on the basis of raw material, application, end-use, and region:

• Raw Material Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o Phenol
o Cyclohexane

• End Product Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o Nylon 6 Resins
o Nylon 6 Fibers

• Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o Engineering Resins and Films
o Industrial Yarns
o Textiles and Carpets
o Other Applications

• End Use Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o Textile Yarn
o Textile Stiffeners
o Film Coatings
o Synthetic Leather
o Plastics
o Plasticizers
o Others

• Regional Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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