Caprolactam Market Global Trend, Demand, Scope, Growth Analysis and Industry Forecast 2024 -2032

The global caprolactam market, valued at USD 15.07 billion in 2022, is poised to grow at a steady compound annual growth rate (CAGR) of 3.9% during the forecast period. Key drivers for this growth include increased production of nylon 6, rising demand from the textile and electronics industries, and the growing trend toward sustainable and bio-based products.

Key Growth Drivers

One of the main drivers behind the growth of the caprolactam market is the increased production capacity of nylon 6. Caprolactam is a crucial component in the production of nylon 6, a versatile material widely used in industries ranging from textiles to industrial yarns and films. Nylon 6 is known for its lightweight, strength, and durability, making it a preferred material in the manufacturing of garments, carpets, and industrial products.

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The electronics industry has also contributed to the rising demand for caprolactam. Nylon 6 is favored for its excellent resistance to electricity, heat, and flame, making it suitable for various electronic components, including smartphones, computer parts, and circuit breakers. As electronic device usage grows, especially in mobile phones and computers, so does the demand for nylon 6 and caprolactam.

Additionally, the shift toward sustainable and bio-based products has had a positive impact on the caprolactam market. Manufacturers are exploring new ways to produce caprolactam from renewable sources, in response to rising demand for eco-friendly products.

Challenges Facing the Market

Despite its positive growth outlook, the caprolactam market faces some challenges. Toxicity concerns and the availability of alternative products for nylon 6 pose potential risks. Moreover, the fluctuating prices of key raw materials, such as cyclohexane, phenol, and ammonia, coupled with supply chain disruptions, have impacted production costs, making this a significant market restraint.

Caprolactam Market Segmentation

Raw Materials

Among the key raw materials for caprolactam production, the cyclohexane segment is expected to dominate during the forecast period. Cyclohexane plays a pivotal role in producing nylon 6 and nylon 6,6, both essential polymers with widespread applications. Growing demand for nylon-based products in textiles, automotive, and construction industries drives the demand for cyclohexane.

Applications

The caprolactam market's applications are primarily segmented into resins and films, industrial yarns, and textiles and carpets. The textiles and carpets sector is anticipated to lead, as caprolactam-derived nylon 6 is heavily used in textiles due to its durability, flexibility, and ease of dyeing. Carpets made from nylon 6 are valued for their resistance to wear and abrasion, ensuring long-lasting performance. The global expansion of the textile and carpet industries, particularly in emerging markets such as China and India, further supports this segment's growth.

The resins and films segment also saw significant growth in 2022. Caprolactam resins enhance material properties, such as tensile strength and chemical resistance, making them ideal for engineering plastics and packaging applications. Nylon 6 films are increasingly used in packaging and agricultural applications.

End-Use Segments

In terms of end-use, the textile yarn segment held the largest share of the caprolactam market in 2022. Nylon 6 fibers, derived from caprolactam, are essential in the production of sportswear, household furnishings, and upholstery fabrics. This segment's continued growth is supported by the high demand for nylon-based products in various consumer and industrial applications.

The plasticizers segment also showed considerable growth in 2022. The combination of caprolactam with plasticizers creates flexible and durable materials, finding applications in automotive components, packaging, and films where both flexibility and strength are critical.

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Caprolactam Top 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.

Caprolactam Latest Industry Updates

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.

Caprolactam Market Segmentation Analysis
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)

Phenol
Cyclohexane

End Product Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)

Nylon 6 Resins
Nylon 6 Fibers

Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)

Engineering Resins and Films
Industrial Yarns
Textiles and Carpets
Other Applications

End Use Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)

Textile Yarn
Textile Stiffeners
Film Coatings
Synthetic Leather
Plastics
Plasticizers
Others

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Regional Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)

North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA

Caprolactam Market Snapshots

Caprolactam Market Size: https://www.emergenresearch.com/industry-report/caprolactam-market/market-size
Caprolactam Market Share: https://www.emergenresearch.com/industry-report/caprolactam-market/market-share
Caprolactam Market Trends: https://www.emergenresearch.com/industry-report/caprolactam-market/market-trends
Caprolactam Regional Market Demand: https://www.emergenresearch.com/industry-report/caprolactam-market/regional-market-demand

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