28 November 2019
The Caprolactam Market Report 2020-2030: Forecasts 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 analysis of leading companies operating in this industry.
The global market size of Caprolactam is estimated to exceed USD 20.4 billion by 2020 and is expected to grow over the forecast period at a CAGR of more than 4.5percent. The major factor responsible for the escalated demand for global caprolactam market is the widening application base of nylon 6. During the processing of nylon 6 fibers and nylon 6 resins, Caprolactam finds extensive use, comprising more than 97 percent of the total caprolactam manufactured worldwide. Nylon 6 offers chemical resistance, oil damage resistance and abrasion resistance in addition to excellent strength and elasticity. The advantages have expanded the use of nylon 6 across the textile, automobile, and electrical and electronics sectors in a wide range of applications. The global caprolactam market will experience significant growth over the forecast period with the increasing commercial value of nylon.
The segment of nylon 6 fibers is caprolactam's largest and fastest growing application. Caprolactam is widely used for the production of washable domestic textiles in polyamide 6. Polyamide 6 fabrics are smooth and size-stable. Polyamide 6 products are categorized into clothing, home furnishings, and industrial applications in the textile industry. The properties of polyamide fabrics include high elasticity and resistance to mildew and moths. Because of these properties, they are used in stockings, nets, feminine undercloths, sportswear, and parachutes. This is expected to increase caprolactam demand during the forecast period.
The major factors driving the caprolactam market are the need for lightweight cars, the growth of film and coating applications, and the growth of emerging economies. The caprolactam-based nylon / polyamide is a high-performance plastic and is commonly replacing metal-based applications due to its properties such as impact high temperature, and abrasion resistance; excellent strength balance and base resistance. For sectors such as consumer goods, automotive, textiles, electrical & electronics, and packaging.
The global market share in 2018 was dominated by the Asia-Pacific region. Caprolactam consumption is rising in the region with growing textile and automotive industries in countries such as Japan, China, and South Korea. Growing automotive & transport and textile industries, combined with increasing demand for electronic gadgets, is expected to increase caprolactam demand in the region.
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