About Me

WK Information’s purpose is to support clients to make informed optimal decisions. Our reports cover a variety of fields, from niche market to general market. Our consistent growth and ability to deliver in-depth analyses and market insight has engaged genuine.

[smbtoolbar]

LATEST NEWS

04 Aug

Global Cristobalite Market Insight

Global cristobalite will increase steadily over the next...

03 Aug

Global Gold Nanoparticles Market Insight

The Gold Nanoparticles is forecast to crazy increase...

26 Jul

Global Flue Gas Desulfurization Market Insight

The Flue Gas Desulfurization is forecast to steadily...

25 Jul

Global Epoxy Reactive Diluents Market Insight

According to the WK-chem Research “Global Epoxy Reactive...

28 Mar
Global Caprolactam Market Insight
2022-03-28 Comments

Global caprolactam are forecast to 5.11% over the next five years. According to the WK-chem Research, “Global Caprolactam Professional Survey Report 2022, Forecast to 2027”, owing to its properties like impact, high temperature, and abrasion resistance, an excellent balance of strength and resistance to bases, it is extensively replacing metal-based applications, which is the major factor driving the caprolactam market growth during the forecast period. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.11% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“Nylon 6 fibers are used in numerous applications such as toothbrushes, raincoats, sport wears, bed sheets, curtains, ropes, racket strings, threads, and sleeping bags. And since the demand for nylon 6 is increasing in the textile industry, the demand for caprolactam is also anticipated to increase during the forecast period. Technology launches, acquisitions, and R&D activities should be key strategies adopted by players in the caprolactam market”, said Sylvia Evans, Data Analyst, in WK-chem Research.
Market insight:
Strict standard emission and fuel economy regulations for vehicles have been imposed by several governments around the world. As the automotive industry is facing stringent environmental norms, Nylon 6 provides the advantage of better fuel efficiency by way of weight reduction and lower fuel emissions. These standard regulations have compelled automotive OEMs to increase the use of lightweight materials such as nylon resins, as these advanced lightweight materials assist in increasing the fuel economy of a vehicle while ensuring safety and performance. The emission regulations for light-duty vehicles, such as Corporate Average Fuel Economy (CAFÉ) and Greenhouse Gas Emission, set standards for vehicle fuel consumption. These regulations by the governments have made sure that the car manufacture henceforth might need to be manufacturing much lighter vehicles to obey as per these norms, which acts as a driver for the caprolactam market during the forecast period.
Nylon 6 is made from caprolactam polymerization and is known to have properties such as strength, stiffness, high thermal resistance, and high resistance to abrasion, but the key parameter considered during its selection is moisture absorption. Polyamide-containing products absorb moisture, thereby reducing their physical characteristics and making the product stiff. This drawback has to be taken into account by the manufacturers when producing polyamide end application parts. Different grades of polyamide have different moisture absorption rates. These moisture absorption properties of nylon 6 are anticipated to hinder the caprolactam market growth during the forecast period.
Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading caprolactam companies that include: AdvanSix Inc., Alpek S.A.B. de C.V., The Aquafil Group, BASF SE, Capro Co., China Petrochemical Development Corporation, Domo Chemicals, Grupa Azoty, Gujarat State Fertilizers & Chemicals Limited, Highsun Group, KuibyshevAzot PJSC, Lanxess AG, Luxi Chemical Group Co. Ltd., China Petroleum & Chemical Corporation, Spolana, Sumitomo Chemical Co., Ltd., Toray Industries, Inc., Ube Industries, Ltd., and Zhejiang Hengyi Group Co., Ltd.
Segmentation of Caprolactam Market:
According to the type, the market for caprolactam is divided into: Cyclohexane, Phenol, and Toluene. The cyclohexane held the largest share in the caprolactam market. Cyclohexane is extensively utilized for the manufacture of adipic acid and hexamethylenediamine, which is then further used for the manufacturing of Nylon 66 and caprolactam. Cyclohexane is widely used as the raw material owing to its easy availability and low cost than other raw materials. Due to these advantages cyclohexane is extensively used as a raw material for caprolactam.
According to the application, the market for caprolactam is divided into: Textile, Industrial Fibers, Engineering Plastics, Carpet Fibers, Automotive, Electrical & Electronics, and Others. The textile yarn industry held the largest share in the caprolactam market. Textile yarn is widely utilized in various applications such as apparel and house furnishing. Rising demand for textile yarn coupled with the use of nylon 6 fibers in bedspreads, upholstery, curtains, and carpets is anticipated to have a positive impact on the industry over the next few years. Growing nylon fabrics demand owing to properties like high tensile strength, elasticity, scrub resistance, and heat resistance is projected to have a positive impact on the industry. With the increasing textile industry, the demand for nylon 6 is also increasing which is driving the caprolactam market growth during the forecast period.
Caprolactam Market: Regional Analysis
In terms of geography, the global caprolactam market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia Pacific region held the largest share in the caprolactam market , owing to the increasing demand for nylon 6 from the automotive and textile sectors in the region. The APAC region is witnessing increased demand for luxury cars due to the increase in the purchasing power of consumers. This has led to increased nylon 6 demand in the region, which, in turn, is driving the nylon 6 engineering plastics segment. Thus, with the increasing automotive and textile production in the region, the demand for nylon 6 resin will also increase, which will then substantially propel the caprolactam market in the region during the forecast period.
Cagr: 5.11%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Cyclohexane, Phenol, and Toluene.
Application:Textile, Industrial Fibers, Engineering Plastics, Carpet Fibers, Automotive, Electrical & Electronics, and Others.
Leading Company:AdvanSix Inc., Alpek S.A.B. de C.V., The Aquafil Group, BASF SE, Capro Co.