The global caprolactam market size is expected to reach USD 19.08 Billion in 2030 and register a CAGR of 3.43% over the forecast period, according to the latest report by Reports and Data. Key factors such as growing preference for bio-based caprolactam in engineering films and rising focus on research development activities to increase cost-effectiveness of products made of caprolactam are driving market revenue growth. Caprolactam (CPL) is a colorless organic solid compound used in the production of synthetic fibers and resins.
Caprolactam is commonly used to manufacture nylon 6 engineering plastics, nylon 6 fibers, and films. Nylon 6 fibers segment accounted for majority revenue share in the global market in 2020. These are extensively used for manufacturing textile and industrial fiber. Nylon 6 fibers possess various advantages such as high resistance to mildew moths and excessive elasticity. It is a major factor driving revenue growth of this segment.
Top Companies Operating in the Global Caprolactam Market:
AdvanSix Inc., BASF SE, Caproco, China Petrochemical Development Corporation, Domo Chemicals, Gujarat State Fertilizers Chemicals Limited, Highsun Group, Lanxess AG, Luxi Chemical Group Co., Ltd., and Sumitomo Chemical Co., Ltd.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Caprolactam is a key intermediate compound for production of Nylon 6, which is commercially used in various end-use industries. This fabric is lightweight, has high tensile strength, elasticity, and luster, which is increasing product adoption for manufacturing durable and smooth garments. Fibers made from Nylon 6 can be made into fabrics, as well as industrial yarns, floor coverings, fibers, and films. In addition, various threads, ropes, filaments, fibers, textile hosiery, carpets, and knitted garments are made from Nylon 6. Printing inks consist of N-vinyl caprolactam and other N-vinyl amide monomers. Ink solutions containing derivatives of chemical are used for textile printing of hydrophobic fibers. Rising demand for printed textiles made from hydrophobic fibers is resulting in increasing use of caprolactam in the paints and inks industry, in turn, driving revenue growth of the market.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Caprolactam market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Caprolactam market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Caprolactam market key players
3.2 Global Caprolactam size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Caprolactam market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
Read full Report Description @ https://www.reportsanddata.com/report-detail/caprolactam-market
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Caprolactam Market Segmentation
By Raw Material Outlook:
- Benzene
- Hydroxylamine Sulfate
- Cyclohexane
- Phenol
- Ammonia
By Application Outlook:
- Nylon 6 Filaments
- Textile Yarn
- Nylon 6 Fibers
- Engineering Plastics
- Printer Inks
- Others
By End-Use Outlook:
- Textile Industry
- Automobile Industry
- Electrical and Electronics Industry
- Others
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