Caprolactam Market Statistical Forecast and Trade Analysis (2024-2031) | Advansix Inc., BASF SE, Century Enka

Global Caprolactam Market reached US$ 15.98 billion in 2023 and is expected to reach US$ 22.83 billion by 2031, growing with a CAGR of 4.5% during the forecast period 2024-2031.

The Caprolactam market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Caprolactam is a synthetic organic compound primarily used as a precursor in the production of nylon 6 fibers and resins. It is a white, crystalline solid with a slight odor and is highly soluble in water. Caprolactam is widely utilized in textiles, engineering plastics, and industrial coatings due to its durability and flexibility. Its production involves cyclohexanone oxidation or benzene-based processes, making it a key material in the polymer industry.

Forecast Growth Projected:

The Global Caprolactam Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Caprolactam Market:

Advansix Inc., BASF SE, Century Enka, DOMO Chemicals, Fibrant (Highsun Group), Junsei Chemical Co., Ltd., Kishida Chemical Co.,Ltd., Otto Chemie Pvt. Ltd, SINOPEC and UBE Corporation.

Industry Development:

In December 2023, BASF announced a major reduction in its European caprolactam production to strengthen its value chain amid market challenges. The company will shut down four plants at its Ludwigshafen site, affecting caprolactam and key precursors like anolone and oleum, while maintaining a 400,000 metric-ton annual capacity to stay competitive.

In 2022, Xuyang Group expanded its caprolactam production at Cangzhou Park, increasing capacity to 750,000 tons annually.

That same year, Century Enka, in partnership with Apollo Tyres, began commercial production of nylon tire cord fabric (NTCF) made from 100% recycled nylon waste. The initiative recycles in-process waste back into caprolactam, conserving crude oil and reducing polyamide waste's environmental impact.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Caprolactam Market:

By Raw Material: Phenol, Cyclohexane

By Product: Nylon 6 Resins, Nylon 6 Fibers

By Application: Industrial Yarn, Engineering Resin, Films, Others

By End-User: Automotive, Textile, Aerospace & Defense, Others

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Caprolactam Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Caprolactam market?

➠ Who are the global key manufacturers of the Caprolactam Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Caprolactam market opportunities and threats faced by the vendors in the global Caprolactam Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Caprolactam market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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