PUBLISHED: MAR 2019

Caprolactam Market – Growth, Trends, and Forecast (2019 – 2024)

The Global Caprolactam Market is segmented by Raw Material (Phenol and Cyclohexane), by End Product (Nylon 6 Resins, Nylon 6 Fibers, and Other End Products), by Application (Engineering Resins and Films, Industrial Yarns Textiles and Carpets, and Other Applications), and Geography.

Market Snapshot

Caprolactum

Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Middle East and Africa

Largest Market:

Asia Pacific

Key Players:

PURCHASE REPORT

Market Overview

The global caprolactam market is expected to record a CAGR of 3.47% during the forecast period of 2019–2024. Major factors driving the market studied are the increase in the demand for nylon 6 and in the demand for lightweight vehicles in the automobile industry. Stiff competition from nylon 6/6, nylon MDS, and polybutylene terephthalate (PBT) is expected to hinder the growth of the market studied.

  • The nylon 6 fibers segment dominated the market in 2017, and it is expected to register a high growth rate during the forecast period, owing to the increasing demand from the textile and carpets industry across the world.
  • Increasing focus on recycling caprolactam is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and South Korea.

Scope of the Report

The caprolactam market report includes: 

Raw Material
Phenol
Cyclohexane
End Product
Nylon 6 Resins
Nylon 6 Fibers
Other End Products
Application
Engineering Resins and Films
Industrial Yarns
Textiles and Carpets
Other Applications
End-user Industry
Automotive Industry
Carpet Industry
Textile Industry
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Market Trends

Increasing Demand for the Production of Nylon 6 Fibers

  • The nylon 6 fibers segment dominated the market in 2017, and it is expected to register a high growth rate during the forecast period, owing to the increasing demand from the textile and carpets industry across the world.
  • Increasing focus on recycling caprolactam is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and South Korea.
  • Production of nylon 6 fibers is one of the major applications of caprolactam, which accounts for over 56% of the caprolactam market share.
  • Nylon 6 fibers are wrinkle proof and highly resistant to abrasion and chemicals, such as acids and alkalis. Moreover, it is easy to dye these fibers, which primarily produce deep and bright shades, while offering high strength and lightweight.
  • Nylon 6 fibers have varied applications in sportswear, swimwear, hosiery, and fashion wear. They have great stretch fit properties when combined with spandex fibers.
  • Apart from clothing, nylon 6 fibers have other industrial applications, like tarpaulins, fishing nets, and tarpaulins. Moreover, they are used in packaging applications, as they have good mechanical, optical, and barrier properties.
  • Nylon 6 fibers are extensively used in the production of fishing nets, tire yarns, sewing threads, industrial drive-belts, etc.
  • Though the nylon 6 fiber segment is saturated in western countries, it is growing considerably in the Asian region, particularly in China. Owing to competition from other materials, like nylon 66 and polyester, the nylon 6 segment’s growth is expected to be sluggish during the forecast period.
Caprolactam Market - Segmentation Chart

Asia-Pacific Region to Dominate the Market

The Asia-Pacific region dominated the global market share in 2017. With growing textile and automotive industries in countries, such as China, Japan, and South Korea, the consumption of caprolactam is increasing in the region. China is the largest producer of polyamide 6 in the world, and had a production share of about 19.7%, in 2017. Some of the largest producers of polyamide 6 in China are Guangdong Xinhui Meida Nylon Co Ltd, BASF (China) Co. Ltd, and Liheng (Changle) Polyamide Technology Co. Ltd. In 2017, the annual GDP growth rate of China grew from 6.7%, to reach 6.9%. The GDP recorded similar growth in 2018 and the trend is expected to continue in the years to come. China is by far the largest automotive manufacturer in the world, since 2009, with the current share of production of over 29%. In 2017, the Chinese automotive industry recorded a growth of 3.19% and reached a total of 29,015,434 units. The Chinese textile industry is the largest in the world, with a market share of over 35%. In 2017, the Chinese textiles exports saw an annual growth of 4.5%. During the same year, in terms of share in world textile exports, China remained a global leader, with a share of 37.1%. With the increase in textile production, the caprolactam market is expected to register gradual growth in China. South Korea had the production capacity of 58 kilo metric ton of nylon 6 and 66 resin, in 2017. The major producer of nylon 6 and 66 resin in South Korea is Solvay Polyamide and Intermediates. South Korea had the production capacity of 270 kilo metric ton of caprolactam, in 2017. The major producer of caprolactam in South Korea is Capro Corporation. The aforementioned factors, coupled with government support, are expected to contribute to the increasing demand for caprolactam consumption in the region during the forecast period.

Regional - Caprolactam Market

Competitive Landscape

The global caprolactam market is fragmented, with the top five players accounting for about 36% of the market. The major companies include Sinopec Shijiazhuang Refining & Chemical Company (SRCC), China Petrochemical Development Corporation (CPDC), Fibrant, Shandong Haili Chemical Industry Co. Ltd, BASF SE, and Capro Corp. 

Major Players

  1. Sinopec Shijiazhuang Refining & Chemical Company (SRCC)
  2. China Petrochemical Development Corporation (CPDC)
  3. Fibrant
  4. BASF SE
  5. Capro Corp.

* Complete list of players covered available in the table of contents below

Caprolactam Market - Market Consolidation

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increase in the Demand for Nylon 6

      2. 4.1.2 Increase in the Demand for Lightweight Vehicles in the Automobile Industry

    2. 4.2 Restraints

      1. 4.2.1 Stiff Competition from Nylon 6/6, Nylon MDS, and Polybutylene Terephthalate (PBT)

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Raw Material

      1. 5.1.1 Phenol

      2. 5.1.2 Cyclohexane

    2. 5.2 End Product

      1. 5.2.1 Nylon 6 Resins

      2. 5.2.2 Nylon 6 Fibers

      3. 5.2.3 Other End Products

    3. 5.3 Application

      1. 5.3.1 Engineering Resins and Films

      2. 5.3.2 Industrial Yarns

      3. 5.3.3 Textiles and Carpets

      4. 5.3.4 Other Applications

    4. 5.4 End-user Industry

      1. 5.4.1 Automotive Industry

      2. 5.4.2 Carpet Industry

      3. 5.4.3 Textile Industry

      4. 5.4.4 Other End-user Industries

    5. 5.5 Geography

      1. 5.5.1 Asia-Pacific

        1. 5.5.1.1 China

        2. 5.5.1.2 India

        3. 5.5.1.3 Japan

        4. 5.5.1.4 South Korea

        5. 5.5.1.5 Rest of Asia-Pacific

      2. 5.5.2 North America

        1. 5.5.2.1 United States

        2. 5.5.2.2 Canada

        3. 5.5.2.3 Mexico

        4. 5.5.2.4 Rest of North America

      3. 5.5.3 Europe

        1. 5.5.3.1 Germany

        2. 5.5.3.2 United Kingdom

        3. 5.5.3.3 Italy

        4. 5.5.3.4 France

        5. 5.5.3.5 Rest of Europe

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Middle East & Africa

        1. 5.5.5.1 Saudi Arabia

        2. 5.5.5.2 South Africa

        3. 5.5.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Advansix Inc.

      2. 6.4.2 Alpek S.A.B. de CV

      3. 6.4.3 BASF SE

      4. 6.4.4 Capro Corp.

      5. 6.4.5 DOMO Caproleuna GmbH

      6. 6.4.6 Fertilizers & Chemicals Travancore Ltd

      7. 6.4.7 Juhua Group Corporation

      8. 6.4.8 Lanxess AG

      9. 6.4.9 PJSC Kuibyshevazot

      10. 6.4.10 Sumitomo Chemical Co. Ltd

      11. 6.4.11 Toray Industries Inc.

      12. 6.4.12 UBE Industries Ltd

      13. 6.4.13 Fibrant

      14. 6.4.14 Sinopec Shijiazhuang Refining & Chemical Company (SRCC)

      15. 6.4.15 Fujian Jinjiang Petrochemical

      16. 6.4.16 Shandong Haili Chemical Industry Co. Ltd.

      17. 6.4.17 Baling Petrochemical

      18. 6.4.18 China Petrochemical Development Corporation (CPDC)

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Focus on Recycling Caprolactam

    2. 7.2 Other Opportunities

**Subject to Availability

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