02 August 2021
Visiongain has published a new report on Caprolactam Market Report to 2031: Market Analysis by Raw Material (Phenol, Cyclohexane, Cyclohexene, Cyclohexanone, Hydroxylamine Sulfate, Caprolactam, Other Raw Materials) Market Analysis by End Product (Nylon 6 Resins, Nylon 6 Fibers, Other End Products) Market Analysis by Application (Engineering Resins and Films, Industrial Yarns, Textiles and Carpets, Other Applications) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
Visiongain has estimated that the total market for Caprolactam would be around $xx million in 2020 and is projected to grow at a CAGR of xx% during the forecast period 2021-2031.
Caprolactam manufacturing requires low technical complexity and low initial infrastructure investment.
In recent years, high demand for nylon 6 resins and fibres has led to a high demand for the product, and over the forecast period, this trend should continue. In order to minimise release of ammonium sulphate (by product) due to the danger, technological innovations to improve the manufacturing process will also have a positive effect for the industry. It is expected to do so.
Increasing Demand For Engineering Plastics Would Be Predicted To Grow In Automotive Industries
Increasing demand for engineering plastics would be predicted to grow in automotive industries, especially in China, Brazil and India, combined with increasing disposable consumers' income. In the forecasted years, too, the development of the manufacturing industry is expected to lead to increased product demand. Nylon 6 is used to manufacture industrial yarns, floor coverings, technical plastics and films, among many other applications. In these end-use segments, product demand is predicted to increase, with an additional beneficial impact on the growth of the industry throughout the projection years.
Manufacture Of Caprolactam Calls For Moderate Technical Complexity And Inexpensive Initial Investment In Infrastructure
High nylon 6 resin and fiber demand has led to a substantial product demand in recent years, and throughout the forecast period this trend is projected to continue. Furthermore, technological advancements in order to optimize the production process to decrease the emission of ammonium (by-product) sulfate are likely to have good effects on the sector due to its dangerous character.
With The Biggest Share Of About 70%, The Region Of Asia-Pacific Dominated The Global Market
In nations such as China, Japan and South Korea, the increasing usage of caprolactam is increasing in this region with the growing textile and automobile industries. China is the world's largest nylon 6 manufacturer. Guangdong Xinhui Meida Nylon Co Ltd, BASF (China) Co. Ltd, Liheng (Changle), Polyamide Technology Co. Ltd, etc are some of China's leading manufacturers of nylon 6. China is the second largest economy in the world in regard to GDP.
The textile yarn was the largest application segment of caprolactam in 2021.
Caprolactam is extensively used in the production of nylon 6 fibers. Nylon fabric is employed in the manufacturing of various apparel including sportswear, cyclewear, and swimwear. In addition, nylon 6 fibers are used in manufacturing house furnishings. The growing demand for nylon fabric in the textile industry is expected to augment product demand over the next ten years.
AdvanSix Inc. (US)
Alpek S.A.B. de C.V. (Mexico)
The Aquafil Group
BASF SE (Germany)
Capro Co. (South Korea)
China Petrochemical Development Corporation (Taiwan)
Domo Chemicals (Germany)
Grupa Azoty (Poland)
Gujarat State Fertilizers & Chemicals Limited (India)
Highsun Group (China)
KuibyshevAzot PJSC (Russia),
Lanxess AG (Germany)
Luxi Chemical Group Co., Ltd. (China)
China Petroleum & Chemical Corporation (Sinopec) (China)
Spolana (Czech Republic)
Sumitomo Chemical Co., Ltd. (Japan)
Toray Industries, Inc. (Japan)
Ube Industries, Ltd. (Japan)
Zhejiang Hengyi Group Co., Ltd. (China).
Key Questions Answered in the report
• What are the best investment options for venturing into new product and service lines?
• What value proposals should businesses aim at while providing new funding for research and development?
• Which regulations will be most useful for stakeholders to enhance their supply chain network?
• Which regions could see demand ripening in certain segments in the near future?
• What are some of the best cost optimization strategies with vendors that some well-trained players have been successful with?
• What are the key perspectives that C-suite is leveraging to move businesses to a new growth trajectory?
• Which government regulations could call into question the status of key regional markets?
• How will the emerging political and economic scenario affect opportunities in key areas of growth?
• What are some of the value-added opportunities in different segments?
• What will be the barriers to entry for new players on the market?
The comprehensive report offers market estimation and forecast for the period ranging 2021 – 2031 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of Caprolactam.
The Caprolactam Market Report 2021-2031 report will be of value to anyone who wants to better understand the market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the industry.
Notes for Editors
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