Report Code: A06997 | Pages: NA | Mar 2023 | 1247 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Caprolactam Market
Request Now !Caprolactam is a compound used in the production of nylon 6 fiber. Â Nylon 6 fiber is widely used in the production of textile fibers, industrial fibers, and carpets. Â Cyclohexane, ammonia, and phenol are the raw materials used in production of caprolactam. Caprolactam is commonly used across various industries such as textile yarns, textile stiffeners, film coatings, synthetic leather, plastics, and plasticizers. Moreover, nylon 6 demonstrates various properties such as high strength & elasticity, chemical resistance, damage resistance from oils, and abrasion resistance. These abilities have increased the demand for nylon 6 applications across the textile, automotive, and electrical & electronics industries. In addition, it is widely applicable in the manufacture of sports equipment, ropes, and fishing nets. Rise in demand for nylon 6 due to its numerous properties and increase in end-use applications are expected to propel the market growth during the forecast period.
Market scope and structure analysis
         Report Metric |                    Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast unit |  Million (USD) |
 Segments covered |  Raw materials, Applications, End Use, and Region |
 Regions covered |
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 Companies covered | AdvanSix Inc., Alpek S.A.B. de C.V., The Aquafil Group, BASF SE, Capro Co., China Petrochemical Development Corporation, Domo Chemicals, GrupaAzoty, Gujarat State Fertilizers & Chemicals Limited, Highsun Group, KuibyshevAzot PJSC, Lanxess AG, Luxi Chemical Group Co., Ltd., China Petroleum & Chemical Corporation (Sinopec), Spolana, Sumitomo Chemical Co., Ltd., Toray Industries, Inc., Ube Industries, Ltd., and Zhejiang Hengyi Group Co., Ltd. |
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Segmentation by raw materialÂ
Segmentation by application
Segmentation by end use
The outbreak of coronavirus has hampered the growth of the textile industry across the world. The stay home policy has reduced the number of people going out for shopping. The outbreak of coronavirus has negatively impacted the economy, which, in turn, has resulted loss of jobs across various developing countries. This may further result in decline of disposable income, which reduces the spending capacity of consumers. Moreover, supply chain disruptions have further reduced the demand for the product across various countries. The government has forced to shut down textile outlets to prevent the further spread of the virus due to public gatherings. These factors are expected to reduce the demand for caprolactam.
Rapid urbanization and increase in industrialization are the major factors that drive the global caprolactam market. Research and development activities are increasing to reduce the production of ammonium sulfate during the manufacturing of caprolactam, as ammonium sulfate is hazardous to the environment. Moreover, surge in disposable incomes will increase the individual’s buying capacity on clothing and automobiles, which is expected to create lucrative opportunities for the market growth. In addition, rise in demand for clothing and expansion of the automobile industry are expected to boost the demand for caprolactam. However, fluctuation in raw material prices is expected to restrain market growth.
Nylon 6 fiber is widely used across various industries, as it is wrinkle proof and exhibits high resistance to chemicals, such as acids and alkalis. The stretch fit properties when combined with spandex fibers makes it essential in sportswear, swimwear, hosiery, and fashion wear. In addition, nylon 6 fibers are easy to dye, produce deep & bright shades, offer high strength, and are lightweight. These numerous characteristics along with various end-use applications are expected to accelerate the global caprolactam market.
Another trend observed is the use of nylon 6 in automotive industry to reduce the weight of the vehicles. The nylon 6 parts are lightweight and provide higher strength than the metal parts. Lightweight parts further reduce the consumption of fuels, which, in turn, curtails the carbon emission from the vehicles. This is expected to create remunerative growth opportunities for the market during the forecast period.
Region wise, the global caprolactam market is analyzed across North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Asia-Pacific is the largest market for caprolactam in the upcoming years. This is attributed to rise in demand for luxury cars, due to increase in disposable income of consumers in the region. However, North America and Europe are expected to grow significantly during the forecast period, due to rapid industrialization, thereby leading to the establishment of various automotive and consumer appliance manufacturing plants in the regions.
Key benefits of the report
Questions answered in the global caprolactam market research report:
Caprolactam Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Raw material |
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By Application |
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By End use |
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By Region |
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Key Market Players | AdvanSix Inc., Alpek S.A.B. de C.V., The Aquafil Group, BASF SE, Capro Co.,, China Petrochemical Development Corporation, Domo Chemicals, GrupaAzoty, Gujarat State Fertilizers & Chemicals Limited, Highsun Group, KuibyshevAzot PJSC, Lanxess AG, Luxi Chemical Group Co., Ltd., China Petroleum & Chemical Corporation (Sinopec), Spolana, Sumitomo Chemical Co., Ltd., Toray Industries, Inc., Ube Industries, Ltd., Zhejiang Hengyi Group Co., Ltd. |
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