Caprolactam Market, By Raw Material (Cyclohexane/Benzene, Phenol and Toluene, Ammonia, and Others), By Type (Solid and Liquid), By Product (Polymer Chip, Nylon 6 resins and film, Nylon 6 Fibers and Others), By Application (Fiber, Engineering Plastics and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI46019 | Publish Date: July 2023 | No. of Pages: 168

Global Caprolactam Market By Raw Overview

Introduction:

Caprolactam is a milky white solution with a mild unpleasant odor, it is used in the manufacture of synthetic fibers, caprolactam is an organic compound, which is a colorless solid, and is a lactam of caproic acid. Materials such as cyclohexane, amino and phenol are used in the manufacture of caprolactam, it is also used in the manufacture of engineering resins and films, which are used in the agricultural, packaging, medical and military industries. It is widely replacing metals in automotive applications such as high tensile strength and air intakes. The caprolactam market is expected to grow due to the expansion of the automobile industry and increasing demand for industrial yarns across the globe. The caprolactam market is largely driven by the demand generated from nylon-6 production, as the manufactured compounds are used in the production of nylon-6. In water, the nylon-6 compound hydrolyzes to form aminocaproic acid, which is used to make a variety of garments such as track pants, jackets, pantyhose, swimwear, and other hosiery. Increasing demand for nylon 6 product worldwide, nylon 6 fiber is used to manufacture various textiles, carpets, industrial yarns and other products. Growing automotive and electronics industry and rising demand for plastics in construction automotive and electrical and electronics sectors are expected to drive the market in the coming years.

Attributes

Details

Caprolactam Market Value (2020)

US$ 13.1  Bn

Caprolactam Market Projected  Value (2030)

US$ 18.44 Bn

Caprolactam Market CAGR (2020-2030)

3.5 %

Global Caprolactam Market By Raw Dynamics

                     Rapid urbanization and Instability in of raw material prices

Increasing demand for lightweight and safer structure automobiles, rapid urbanization and increase in industrialization, increasing demand for nylon 6 production are the major factors driving the market. Another factor driving the market capitalization is the increasing purchasing power of consumers in developing nations in the fabrics industry, which supports the demand for caprolactam used in fabric manufacturing. Moreover, replacement of metal parts with plastic materials to achieve mass production is driving the growth of this market. However, caprolactam market is volatile cost of raw materials to manufacture the compound, which hampers the growth of Caprolactam Market. Volatility in the price of raw materials to manufacture the compound is a major restraint of the caprolactam market.

Technological advancement

Increasing development of bio-based caprolactam in the region with stringent regulations and increasing technological advancements and modernization in production techniques will create new opportunities for the caprolactam market during the forecast period. In March 2022, BASF Group's BASF Venture Capital GmbH announced a strategic investment in offshore construction, which will be the US A sustainable plastics solution provider to trace the origin of recycled plastics through block chain-based technology. Ocean Works provides a robust platform for locating ocean-bound or post-consumer recycled plastics. Investing in track and trace verification and sourcing engines for marine construction recycled plastics.

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Global Caprolactam Market By Raw Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Caprolactam Market is segmented based on raw material, type, product, application, and region.

Caprolactam Market, By Raw Material

On the basis of raw material, the Caprolactam Market is segmented into cyclohexane/benzene, phenol and toluene, ammonia, and others. Cyclohexane is used as a non-polar solvent in the chemical industry and also as a raw material for the industrial production of adipic acid and caprolactam, both of which are used in the production of nylonIt is produced from raw materials such as benzene, sulfur (as sulfur-dioxide and oleum), ammonia and carbon-dioxide. It is used in the manufacture of nylon ropes, nylon filament yarn, engineering plastics, etc. Phenol is converted to cyclohexanone by hydrogenation to produce caprolactam.

Caprolactam Market, By Type

Based on type, the Caprolactam Market segments are solid and liquid, caprolactam is an organic compound that is a colorless solid is a cyclic amide of lactam or caproic acid.

Caprolactam Market, By Product

On the basis of product, the Caprolactam Market is segmented into polymer chip, nylon 6 resins and film, nylon 6 fiber, and others. The nylon 6 filament segment is expected to register a strong revenue growth rate during the forecast period. In recent years, nylon film nets are also being used in 3D printing due to the thermoplastic properties offered, which is expected to significantly increase the revenue of this segment in the coming year.

Caprolactam Market, By Application

On the basis of application, the Caprolactam Market is segmented into fibers, engineering plastics, and others. The engineering plastics segment is expected to register a steady revenue growth rate during the forecast period.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Caprolactam Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region dominates the Caprolactam Market attributed to the largest number of caprolactam consumers in the Asia-Pacific region for various applications and the macroeconomic growth of the textile and automotive industry in the region. The demand for luxury cars in the APAC region has increased due to the increase in consumer purchasing power.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 to 2030

Market Segmentation

By Raw Material - Cyclohexane/Benzene, Phenol and Toluene, Ammonia, and Others

By Type - Solid and Liquid

By Product - Polymer Chip, Nylon 6 resins and film, Nylon 6 Fibers and Others

By Application - Fiber, Engineering Plastics and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Recent Development

  • In October 2022, polish chemicals maker Group Azoti ATTP. WA said it is resuming production of nitrogen fertiliser, caprolactam and polyamide 6 as market conditions have changed.
  • In July 2022, Sumitomo Chemical India Limited, a subsidiary of Sumitomo Chemical Corporation, Japan, a leading global crop protection company, launched 3 unique resistance products Sumi Blue Diamond, Pyclom and Danitol NXT during the Kolkata Annual Directors Club Distributors Convention.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Caprolactam Market report based on raw material, type, product, application, and region:

Caprolactam Market, By Raw Material:

  • Cyclohexane/Benzene
  • Phenol and Toluene
  • Ammonia
  • Others

Caprolactam Market, By Type:

  • Solid
  • Liquid

Caprolactam Market, By Product:

  • Polymer Chip
  • Nylon 6 resins and film
  • Nylon 6 Fibers
  • Others

Caprolactam Market, By Application:

  • Fiber
  • Engineering Plastics
  • Others

Caprolactam Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Caprolactam Market By Raw Key Players

The key players operating the Caprolactam Market includes

  • Koninklijke DSM N.V. It is a global science-based company active in health, nutrition and materials. DSM delivers innovative solutions that improve nutrition, protection and performance in global markets such as food and dietary supplements, personal care, feed. Medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials.
  • Honeywell International Inc. It is a diversified manufacturing and technology company that operates through four business segments: aerospace, building technology, performance materials and technology, and safety and productivity solutions.
  • Ube Industries Ltd. Ube Chemical Factory produces nylon raw materials, nylon resins and fine chemicals, at ube chemical factory, a critical process fluctuation monitoring system was installed to strengthen safety measures for chemical plants.
  • BASF SE, the world's largest chemical producer, is also a European producer of polyamides, for which caprolactam is a key feedstock.
  • Capro Corporation manufactures and sells caprolactam and ammonium sulfate fertilizers in South Korea. It offers caprolactam for use as a raw material in nylon fibers used in clothing, in the production of tire cords, fishing nets, carpets and nylon resins, as well as mechanical parts and engineering plastics.
  • China Petrochemical Development Corporation manufactures chemical products, the company provides upstream raw materials for resins, engineering plastics and synthetic fibers worldwide. The company supplies caprolactam, acrylonitrile, ammonium sulfate, nylon chips and other related products.
  • OSTCHEM is a holding company that unites a group of chemical factories and subsidiaries. It is one of the world's leading producers of nitrates, ammonia and urea.
  • Braskem SA produces petrochemicals and generates electricity, the company produces ethylene, propylene, benzene, toluene, xylene, butadiene, butane, isoprene, dicyclopentadiene, MTBE, caprolactam, ammonium sulfate, cyclohexene, polyethylene, polyethylene, polyethylene, terera.
  • DOMO Caproleuna GmbH Chemicals is a customer oriented, unique integrated Nylon 6 player, active in the fields of Nylon 6 Intermediates (Caprolactam, Cyclohexanone, Phenol, Acetate,) Nylon 6 Resins, Nylon 6 Engineering Plastics, Fertilizers, Engineering Plastics, Plasticine, Engineering 6 Intermediates.
  • Sumitomo Chemical Company Limited, a subsidiary of Sumitomo Chemical Corporation, Japan, a leading global crop protection company, has launched 3 unique resistance products Sumi Blue Diamond, Pyclom and Danitol NXT during the Kolkata Annual Directors Club Distributors Convention.

Global Caprolactam Market By Raw Company Profile

  • Koninklijke DSM N.V.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Honeywell International Inc.
  • Ube Industries Ltd.
  • BASF SE
  • Capro Corporation
  • China Petrochemical Development Corporation
  • OSTCHEM
  • Braskem SA
  • DOMO Caproleuna GmbH
  • Sumitomo Chemical Co. Ltd.

 “*” marked represents similar segmentation in other categories in the respective section

Global Caprolactam Market By Raw Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Raw Material
      • Market Snippet, By Type
      • Market Snippet, By Product
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3.  Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Global Caprolactam Market, By Raw Material, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Cyclohexane/Benzene
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Phenol and Toluene
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Ammonia
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Caprolactam Market, By Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Solid
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Liquid
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Caprolactam Market, By Product, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Polymer Chip
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Nylon 6 Resins and Film
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Nylon 6 Fibers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Global Caprolactam Market, By Application, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Fiber
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Engineering Plastics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  8. Global Caprolactam Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Raw Material, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Raw Material, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Raw Material, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Raw Material, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Raw Material, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
  9. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Koninklijke DSM N.V.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Honeywell International Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Ube Industries Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Capro Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • China Petrochemical Development Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • OSTCHEM
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Braskem SA
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • DOMO Caproleuna GmbH
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Sumitomo Chemical Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
    • Analyst Views
  10. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The Caprolactam Market is segmented into basis of on raw material, type, product, application, and region.

Increasing demand for lightweight and safer structure automobiles, rapid urbanization and increase in industrialization, increasing demand for nylon 6 production are the major factors driving the market.

Asia Pacific region dominates the Caprolactam Market attributed to the largest number of caprolactam consumers in the Asia-Pacific region for various applications and the macroeconomic growth of the textile and automotive industry in the region. The demand for luxury cars in the APAC region has increased due to the increase in consumer purchasing power.

The Key players operating in the Caprolactam Market includes Koninklijke DSM N.V., Honeywell International Inc., Ube Industries Ltd., BASF SE, Capro Corporation, China Petrochemical Development Corporation, OSTCHEM, Braskem SA, DOMO Caproleuna GmbH, and Sumitomo Chemical Co. Ltd.