The current caprolactam market trends, forecast, and changing dynamics such as drivers, restraints, and opportunities, country customize analysis, and growth forecast as well the report covers key aspects, geographical overview.

— The Global Caprolactam Market Size is estimated to be valued at USD 17.02 billion by 2025 driven by the growing consumption of polyamides on account of its durability, lightweight nature as well as energy absorbing properties in the textile sector. Adroit Market Research today published a report on the “Caprolactam Market Size 2017, by Applications (Nylon 6 Fiber and Nylon 6 Resin), End-Use (Carpet Fibers & Staple Fibers, Engineering Plastics, Textile Yarn and Industrial Yarn), By Region and Forecast 2018 to 2025”.

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Majority of the caprolactam produced globally is utilized in the production of nylon 6 fibers and nylon 6 resins, in order to meet the growing demand for textile and engineering plastic products. The growth of the textile sector coupled with favorable government laws and regulations are expected to augment the growth of the global caprolactam market. Also, the rapid demand for engineering plastics in the manufacture of lightweight automobiles is another driving factor for the market growth. For instance, 15 kg of polyamide (Nylon-6) fiber parts are capable of replacing 30 kg of steel elements. Also, polyamide elements improve the stiffness inside a car at critical points. Increasing inclusion of polyamides in car parts such as in throttling valves, the outer covering of the motor chamber, and suction manifolds due to its high stability and crack resistance further supplements the growth of global caprolactam market.

Caprolactam is the most widely used monomer (raw material) for manufacturing Nylon-6 polyamide. Nylon fiber dominated the global market in 2017 was valued at USD 6.79 billion in 2017. Rising application of nylon-6 fibers in engineering plastics & films, floor coverings, and production of industrial yarns is expected to boost the global caprolactam market demand in the coming years. Nylon 6 is being increasingly used for manufacturing engineering plastics which are further used as technical components in electrical & electronics and packaging industry. As an engineering plastic, nylon-6 fibers find widespread application in injection molding, casting, and extrusion applications. Furthermore, products manufactured using Nylon-6 also offer excellent engineering properties even at high temperatures.

Europe caprolactam market is witnessing sluggish growth and is expected to grow at a revenue CAGR of 3.9% from 2018 to 2025. Weak demand is the result of uncertain macroeconomic conditions such as limited consumer purchasing power and upward social mobility in developing regions. On the other hand, North American caprolactam market is expected to rise in the near future on account of thriving electronic and automotive industries along with increasing embracement of nylon fibers for the production of interior plastic equipment for electric appliances.

The global caprolactam market is witnessing continuous research and development leading to technological innovations and new product launches, especially in China and India. Companies such as Ube Industries, BASF and DSM N.V. are engaged in backward as well as forward integration such as manufacturing of caprolactam followed by the production of nylon 6 fibers and resins.

Key segments of the global caprolactam market

Application Overview, 2015-2025 (Kilo Tons) (USD Million)

• Nylon 6 Fiber

• Nylon 6 Resin

Application Overview, 2015-2025 (Kilo Tons) (USD Million)

• Textile yarn

• Industrial yarn

• Engineering Plastics

• Carpet fibers & Staple Fibers

Regional Overview, 2015-2025 (Kilo Tons) (USD Million)

• North America

o U.S.

o Canada

• Europe

o France

o UK

o Germany

o Rest of Europe

• Asia Pacific

o India

o Japan

o China

o Rest of APAC

• Latin America

o Brazil

Middle East and Africa

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Source URL: https://marketersmedia.com/caprolactam-market-size-revenue-overview-by-type-applications-key-manufacturing-trends-demand-opportunities-competitive-landscape-forecast-2017-2025/477180

Source: MarketersMedia

Release ID: 477180