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Caprolactam Market Increasing Demand, Growth Analysis and Future Outlook by 2031/ BASF SE, China Petrochemical Development Corp., Fibrant, and UBE Corp.

05-31-2024 06:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Caprolactam Market Increasing Demand, Growth Analysis

Global caprolactam market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period (2024-2031). The increasing demand for caprolactam from growing textile industry is a key factor driving the growth of the global caprolactam market.

Carpet fiber made from nylon 6 resin is durable, resilient, and colorfast. Nylon 6 offers a great range of colors and design options to carpet manufacturers. Furthermore, carpets made from nylon 6 are resistant to abrasion, wear and tear, and crushing and matting while granting long-lasting performance to the end product. Nylon 6 is the most durable and versatile fiber used to manufacture carpets. In the global textile industry, chemical fiber accounts for the major share accounting for more than 77.0% of the total production volume of textile fiber in the year 2021.

As per the IndustrievereinigungChemiefaser (German Chemical Fiber Industry Association) in the year 2021, the total global production volume for chemical fibres was 88.2 million metric tons, registering an increase of around 9.0% as compared to the year 2020. Furthermore, the global production of synthetic chemical fibers (nylon 6, polyamide, etc) increased by 9.2% in the year 2021 and reached 80.9 million metric tons. The textile industries of European countries such as Germany, Spain, France, Italy, and Portugal are valued at around one-fifth of the global textile industry registering a value of around $160.0 billion. Owing to its properties the demand for nylon 6 from the textile and carpet industry is observing a continuous increase and is likely to favour the market studied over the forecast period.

To Request a Sample of our Report on Caprolactam Market: https://www.omrglobal.com/request-sample/caprolactam-market

Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Raw Materials
By Product
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes BASF SE, China Petrochemical Development Corp.,   Fibrant, and UBE Corp., among others.

 Caprolactam Market Report Segment

By Raw Material

Phenol     
Cyclohexane 
Toluene

By Product

Nylon 6 Resins     
Nylon 6 Fibers    

By Application

Engineering Resins and Films      
Industrial Yarns      
Textiles and Carpets      
Others

A full Report of Caprolactam Market is Available @  https://www.omrglobal.com/industry-reports/caprolactam-market

Caprolactam Market Report Segment by Region

North America                                                                                                            

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

AdvanSix Inc.    
Alpek S.A.B. de CV     
Capro Co.    
China Petroleum & Chemical Corp (Sinopec)     
Domo Chemicals 
Fertilisers And Chemicals Travancore Ltd (FACT)    
Fujian Jinjiang Petrochemical      
GrupaAzot
Gujarat State Fertilizers & Chemicals Ltd
Highsun Group       
Juhua Group Corp.
Lanxess
Luxi Chemical Group Co. Ltd.       
PJSC Kuibyshevazot
Shandong Haili Chemical Industry Co. Ltd     
Spolana Sumitomo Chemical Co. Ltd.           
Sumitomo Chemical Co. Ltd       
The Aquafil Group   
Toray Industries Inc.     
Xuyang Group
Zhejiang Hengyi Group Co. Ltd

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/caprolactam-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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