Market Size of Caprolactam Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Caprolactam Market Analysis
The global caprolactam market is projected to record a CAGR of more than 3% during the forecast period.
Due to the outbreak of COVID-19, the caprolactam market was negatively impacted. Owing to the lockdown in various countries across the world, there were supply chain constraints that significantly obstructed the expansion of the industry. However, the market recovered last year, and it is expected to grow at a significant rate in the coming years.
- Over the short term, the growing production capacity of Nylon 6 is the major driving factor favoring the market's growth.
- On the flip side, the toxicity of caprolactam and the presence of substitute products for Nylon-6 will likely hinder the market growth.
- Increasing focus on recycling caprolactam will likely act as an opportunity over the forecast period.
- Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China, India and South Korea.
