Market Insights:
The global Caprolactam market is projected to grow from USD 15.16 Bn in 2021 to 24.15 Bn by 2030, at a CAGR of 5.31% in forecast period, 2022-2030.
Driver:
The increased adoption of Caprolactam in the Organic Chemicals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Caprolactam also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Caprolactam in many sectors also boosts the market growth during the forecast period.
Caprolactam is an intermediate compound that is primarily used in the manufacture of nylon 6. Cyclohexane is the most commonly used raw material in the production of caprolactam, with phenol and cyclohexene accounting for a minor share. More than three-fifths of caprolactam is consumed for nylon 6 production worldwide, making it the most important market driver for caprolactam. Nylon 6 fibre is also used in the production of textiles, carpets, industrial yarns, and other products.
Caprolactam Market Research Report” was just released by Market Research Community. It is divided into several categories, including Raw Material (Phenol and Cyclohexane), application (Nylon 6 Resins, Nylon 6 Fibers), End-use (Textile yarn, Industrial yarn, Engineering plastics, Carpet fibers & staple fibers) and companies (Royal DSM N.V., Shandong Haili Chemical Industry Co. Ltd., Sumitomo Chemical Company Limited, UBE Industries, BASF SE, Honeywell International Inc, Kuibyshevazot Ojsc, China Petroleum & Chemical Corporation, Lanxess Ag), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.31 %, over the forecast period of 2022–2030
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 24.15 Billion |
| CAGR (2022-2030) | 5.31 % |
| By Raw Material | Phenol and Cyclohexane |
| By Application | Nylon 6 Resins, Nylon 6 Fibers |
| By End-use | Textile yarn, Industrial yarn, Engineering plastics, Carpet fibers & staple fibers |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Royal DSM N.V., Shandong Haili Chemical Industry Co. Ltd., Sumitomo Chemical Company Limited, UBE Industries, BASF SE, Honeywell International Inc, Kuibyshevazot Ojsc, China Petroleum & Chemical Corporation, Lanxess Ag |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Caprolactam market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Royal DSM N.V., Shandong Haili Chemical Industry Co. Ltd., Sumitomo Chemical Company Limited, UBE Industries, BASF SE, Honeywell International Inc, Kuibyshevazot Ojsc, China Petroleum & Chemical Corporation, Lanxess Ag
Market Segment Analysis:
By Raw Material
- Phenol
- Cyclohexane
By Application
- Nylon 6 fibers
- Nylon 6 resins
By End-use
- Textile yarn
- Industrial yarn
- Engineering plastics
- Carpet fibers & staple fibers
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Caprolactam industries in the region.
Key Caprolactam Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Caprolactam Market segments.
– Largest Market Share Held by Industry to Industry for Caprolactam
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Caprolactam Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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