BESTSELLER

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

The 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 (Asia-Pacific, North America, Europe, South America, Middle-East & Africa)

Market Snapshot

copper stranded wire market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Middle East and Africa

Largest Market:

Asia Pacific

CAGR:

Greater Than 4%

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Caprolactam Market

The global caprolactam market is expected to record a CAGR of over 4% during the forecast period. The major factor that is driving the growth of the market studied is the growing production capacity of Nylon 6. On the flipside, stiff competition from Nylon 6/6, Nylon MDS, and Polybutylene Terephthalate (PBT).

  • The nylon 6 fibers segment dominated the market, 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
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand for the Production of Nylon 6 Fibers

  • The nylon 6 fibers segment dominated the market, 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.
Copper Stranded Wire Market Revenue Share

To understand key trends, Download Sample Report

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global market with the highest share of almost 70%. 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 nylon 6 worldwide. Some of the largest manufacturers of nylon 6 in China are Guangdong Xinhui Meida Nylon Co Ltd, BASF (China) Co. Ltd, Liheng (Changle) Polyamide Technology Co. Ltd, etc. In terms of GDP, China is the second-largest economy in the world.  
  • According to National Bureau of Statistics of China, the export volumes of carpets from China increased from 457.25 million square meter to 635.28 million square meter during 2009-2018. The increasing exports of carpets from China is expected to have a positive impact on the demand for caprolactam in the country.   
  • The Korean automotive industry is heavily dependent on exports. With the decrease in exports, the production of automobiles has decreased for the second year on the trot. In 2018, South Korea accounted for about 4% of the global production.  
  • The aforementioned factors are expected to affect the demand for caprolactam during the forecast period.   
Copper Stranded Wire Market Regional Trends

To understand geography trends, Download Sample Report

Competitive Landscape

The global caprolactam market is fragmented in nature, and the top five players accounted for around 35% share (in terms of production capacity) in the global market. Key players in the market include Fibrant, China Petrochemical Corporation (Sinopec), BASF SE, Advansix Inc., Shandong Haili Chemical Industry Co. Ltd, China Petrochemical Development Corporation (CPDC), and UBE Industries Ltd.

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

copper stranded wire market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Production Capacity of Nylon 6

    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 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

      3. 5.5.3 Europe

        1. 5.5.3.1 Germany

        2. 5.5.3.2 United Kingdom

        3. 5.5.3.3 France

        4. 5.5.3.4 Italy

        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

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information