Fertilisers and Chemicals Travancore Limited(FACT)
Valco Group
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Global Caprolactam Market size was valued at USD 14.19 Billion in 2022 and is poised to grow from USD 14.69 Billion in 2023 to USD 18.72 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).
Caprolactam is a highly sought-after feedstock owing to its outstanding properties, including high tensile strength, flexibility, and abrasion resistance. Its low moisture absorption and established chemical resistance make it a popular choice in engineering plastics across the building, electrical, and electronic sectors. Additionally, caprolactam finds niche applications in brush bristles, textile stiffeners, and synthetic leather. The primary use of caprolactam remains as an intermediate for Nylon 6 production, widely utilized in automotive and textile industries due to its exceptional durability. The textile sector is a major driver of caprolactam demand, which is expected to grow steadily alongside the expanding automotive and construction industries. The trend of substituting metal parts with Nylon 6 will further propel caprolactam's market growth in the coming years.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Caprolactam market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Caprolactam Market Segmental Analysis
Global Caprolactam Market is segmented by Application and region. Based on Application, the market is segmented into Nylon 6 Fibers (Textile Filament, Industrial Filament, Carpet Filament, Staple Fiber), Nylon 6 Engineering Plastics (Automotive, Electrical & Electronics, Consumer Goods, Industrial & Machinery, Wire & Cable, Others (oil & gas, medical)), Films (Food Packaging, Pharmaceutical Packaging, Agricultural Packaging), Others (cross-linking for polyurethane, synthesis of lysine, synthesizing of medical/pharmaceutical components, paint vehicles). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Caprolactam Market
The global caprolactam market is significantly driven by the rising demand for nylon fabric, which is widely utilized in the production of various industrial products, including ropes, cables, conveyor belts, drapery fabrics, and mechanical rubber goods. The exceptional properties of nylon, such as its high tensile strength, resistance to abrasion, elasticity, and heat tolerance, make it an attractive alternative for these applications. As industries increasingly prioritize materials that enhance durability and performance, the favorable characteristics of nylon are anticipated to bolster the demand for caprolactam, positively influencing market growth throughout the forecast period.
Restraints in the Global Caprolactam Market
The global caprolactam market faces several significant restraints that could hinder its growth during the forecast period. One of the primary challenges is the volatility in the prices of key raw materials, such as cyclohexane, ammonia, and phenol. These fluctuations can adversely impact production costs and subsequently dampen demand. Furthermore, stringent regulatory measures governing the use of caprolactam present an additional obstacle for market expansion. Additionally, the propensity of caprolactam to absorb moisture, leading to degradation, acts as a further limiting factor. Together, these elements create a challenging environment for the caprolactam industry, affecting its overall performance and growth prospects.
Market Trends of the Global Caprolactam Market
The global caprolactam market is witnessing a positive trend driven by its expanding application in the medical sector. This growth is fueled by ongoing advancements in medical technologies and the increasing demand for medical-grade nylon, which is derived from caprolactam. Its exceptional properties make it the preferred choice for manufacturing critical components of medical devices and surgical instruments, including catheters, surgical sutures, and implants. The ability of caprolactam-based materials to withstand harsh sterilization processes without compromising their integrity is essential for ensuring patient safety and health. As healthcare continues to evolve, the significance of caprolactam in medical applications is projected to rise, enhancing its market presence globally.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Driver & Opportunities
Restraints & Challenges
Porters Analysis & Impact
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2023
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Technological Advancement
Regulatory Landscape
Case Studies
Customer & Buying Criteria Analysis
Trade Analysis
Raw Material Analysis
Global Caprolactam Market Size by Application & CAGR (2024-2031)
Market Overview
Nylon 6 Fibers
Textile Filament
Industrial Filament
Carpet Filament
Staple Fiber
Nylon 6 Engineering Plastics
Automotive
Electrical & Electronics
Consumer Goods
Industrial/Machinery
Wire & Cable
Others (oil & gas and medical)
Films
Food Packaging
Pharmaceutical Packaging
Agricultural Packaging
Others
Cross-Linking for Polyurethane
Synthesis of Lysine
Synthesizing of Medical/Pharmaceutical Components
Paint Vehicles
Global Caprolactam Market Size & CAGR (2024-2031)
North America, (Application)
US
Canada
Europe, (Application)
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific, (Application)
China
India
Japan
South Korea
Rest of Asia Pacific
Latin America, (Application)
Brazil
Rest of Latin America
Middle East & Africa, (Application)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2023
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2021-2023)
Key Company Profiles
Advansix Inc.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Alpek S.A.B. de C.V.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
BASF SE
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Capro Co.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
China Petrochemical Development Corporation
Company Overview
Business Segment Overview
Financial Updates
Key Developments
China Petroleum & Chemical Corporation (Sinopec)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
DOMO Chemicals
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Fibrant
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Fujian Jinjiang Petrochemical
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Juhua Group Corporation
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Lanxess AG
Company Overview
Business Segment Overview
Financial Updates
Key Developments
PJSC KuibyshevAzot
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Shandong Haili Chemical Industry Co., Ltd.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sumitomo Chemical Co., Ltd.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Toray Industries, Inc.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
UBE Corporation
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Xuyang Group
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Aquafil S.p.A.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Fertilisers and Chemicals Travancore Limited (FACT)