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Caprolactam is a major raw material for the production of nylon 6 engineering resins and nylon 6 fibers. This market is primarily driven by end- use industries such as automobiles, textiles, electrical and electronics, engineering plastics, specialty film packaging, wire and cabling and others.
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Caprolactam MarketSet to Exceed $28.2 Billion by 2026 | CAGR 4.7% “Caprolactam Market Share, Size, Trends, Industry Analysis Report, By End-Product (Nylon 6 Resins, Nylon 6 Fibers, and Others); By Application (Industrial Yarns, Engineering Resins & Films, Textiles & Carpets, and Others); By End-Use (Textile, Carpet, Automotive, and Others), By Regions, Segments & Forecast, 2019 – 2026”
Caprolactam Market Estimate & Forecast to 2026 The global caprolactam market size is anticipated to reach USD 28.2 billion by 2026 according to a new research published by Polaris Market Research. Caprolactam is a major raw material for the production of nylon 6 engineering resins and nylon 6 fibers. This market is primarily driven by end- use industries such as automobiles, textiles, electrical and electronics, engineering plastics, specialty film packaging, wire and cabling and others. A rising demand for plastics in the construction, automotive and electrical and electronics sectors is expected to be key enabler to growth over forecast period. Key properties including high strength, elasticity, abrasion resistance and low moisture retaining capacity is expected to boost demand. The soaring textile industry, particularly in Asia Pacific in line with growing automobile sector is expected to project demand over the forecast period. Automobile industry is the industry of choice in demand for Caprolactam. Automobile industry makes use of Caprolactam in engine covers, tire cord manufacture, and gears and bearings due to their attractive properties.
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Caprolactam Market Estimate & Forecast to 2026 The growth in Caprolactam has made an impact due to rapidly growing sportswear, fashion clothing, protective clothing and others. Nylon 6 fibers are used in manufacturing textile products and industrial yarn. Nylon 6 fibers are derived from Caprolactam. The location of manufacturers across the value chain is justified with product demand coming from presence of Nylon 6 fibers and resins in various end-use applications. A dominant share of Caprolactam manufactured is used in manufacture of nylon 6. Technical innovations improve the market by reducing presence of ammonium sulphate which is an environment hazard. This results in positive demand for the product. The global cparolactum market comprises major international and domestic market players. Some of the key companies include BASF SE, China National Petrochemical Corp., DOMO Caproleuna GmbH, Honeywell Chemical Industries, China Petroleum and Chemical Corp, Royal DSM NV and IRPC Public Company Ltd Browse Complete Report
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