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Rise Of Automotive Industry To Drive Market Growth: A Significant Driver Propelling The Caprolactam Market In 2025
Caprolactam
What Is the Expected Caprolactam Market Size During the Forecast Period?
The size of the caprolactam market has seen robust growth in recent times. The market size is expected to expand from $16.5 billion in 2024 to $17.5 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. The surge in growth observed in the past can be credited to factors such as the burgeoning textile industry, increased manufacturing of consumer goods, innovations in the use of nylon, synthetic fibers, the rise in demand from the automotive sector, and the expansion of manufacturing facilities.
The size of the caprolactam market is anticipated to witness robust expansion in the upcoming years, culminating to $23.51 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 7.7%. This surge during the forecast period can be traced back to the escalating requirement for nylon 6, growth in burgeoning markets, escalating demand for engineering plastics and e-commerce packaging, along with rigorous emission norms. Some significant trends in the projected period include the implementation of eco-friendly production techniques, bio-based caprolactam, enhancements in manufacturing technologies, e-commerce packaging, and patterns towards automotive lightweighting.
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What Are the High-Growth Segments in the Caprolactam Market?
The caprolactam market covered in this report is segmented -
1) By Raw Material: Phenol, Cyclohexane, Hydroxylamine Sulfate, Other Raw Materials
2) By Application: Nylon 6 Filaments, Textile Yarn, Nylon 6 Fibers, Engineering Plastics, Printer Inks, Other Applications
3) By End-User: Textile Industry, Automobile Industry, Electrical And Electronics Industry, Other End-Users
Subsegments:
1) By Phenol: Phenol Derivatives, Phenol-Based Intermediates
2) By Cyclohexane: Purified Cyclohexane, Cyclohexane Mixtures
3) By Hydroxylamine Sulfate: Hydroxylamine Hydrochloride, Hydroxylamine Sulfonic Acid
4) By Other Raw Materials: Aniline, Acetic Acid, Formaldehyde
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What Key Drivers Are Expected to Influence Future Caprolactam Market Growth?
The forward momentum of the caprolactam market is anticipated to be fuelled by the expansion of the automotive industry. This industry encompasses firms that are engaged in the conception, production, and distribution of motor vehicles and their associated components. The transition towards more environmentally friendly, fuel-efficient cars has facilitated the usage of nylon 6 in vehicles to decrease weight and fuel expenditure. For instance, projected vehicle production in India for 2022 is said to be 22.93 million, according to IBEF (India Brand Equity Foundation), an export promotion agency run by the Indian government. Therefore, the flourishing automotive industry serves as a driving force for the caprolactam market.
Which Companies Hold the Largest Share Across Different Caprolactam Market Segments?
Major companies operating in the caprolactam market include China Petrochemical Corporation, BASF SE, Mitsubishi Chemical Corporation, Honeywell International Inc., Rhodia S.A., Asahi Kasei Corporation, Hengyi Industries Co. Ltd., Toray Industries Inc., LANXESS Corporation, Alpek S.A.B. de C.V., Grupa Azoty S.A., Luxi Chemical Group, Petroquímica Unigel S.A. de C.V., Highsun Holding Group, Ube Industries Ltd., Shenma Group Co. Ltd., AdvanSix Inc., Shandong Xinlong Group Co. Ltd., Nanning Chemical Industry Group Co. Ltd., Shandong Linyi Jinyu Chemical Co. Ltd., Capro Corp., Spolana s.r.o., DOMO Caproleuna, Jiangsu Yisheng Chemical Co. Ltd.
What Trends Are Driving Growth in The Caprolactam Market?
Top firms in the caprolactam market are channeling their efforts into unveiling fresh products to solidify their market presence. DOMO Chemicals, an engineered material solutions provider from Germany and a wholly encompassing producer of PA6, publicized the successful shipment of 5 million metric tons of caprolactam from its Leuna site in March 2022. The site's capacity has expanded to 176,000 metric tons annually, thanks to advancements in efficiency that have reduced the facility's consumption of medium-pressure steam by 30% and low-pressure steam by 40%. Embracing sustainability as a central strategy, DOMO Beyond projects aim to lessen carbon intensity by 15% and waste by 7% by 2030.
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What Are the Emerging Geographies for The Caprolactam Market Growth?
Asia-Pacific was the largest region in the caprolactam market in 2024. North America was the second-largest region in the caprolactam market share. The regions covered in the caprolactam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Caprolactam Market?
2. What is the CAGR expected in the Caprolactam Market?
3. What Are the Key Innovations Transforming the Caprolactam Industry?
4. Which Region Is Leading the Caprolactam Market?
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