The Global Caprolactam Market Size Is Expected To Expand At A Cagr Of 4.6% In Terms Of Revenue And 2.7% In Terms Of Volume From 2017 – 2025.

 

Caprolactam

The growing demand for bio-based Caprolactam in engineering plastics and films, the need for lightweight automotive vehicles, and ongoing research and development primarily focused on recycling Caprolactam are expected to drive the Caprolactam Market in the coming years. The Global Caprolactam Market report provides a comprehensive analysis of the market. The report provides an in-depth examination of key segments, trends, drivers, restraints, the competitive landscape, and factors that are important in the market.The global caprolactam market size is estimated at US$ 11,453.48 million (revenue) and 5,747.09 kilo tons (volume) in 2016 and is expected to expand at a CAGR of 4.6% in terms of revenue and 2.7% in terms of volume from 2017 – 2025.

 

Geographically, Asia-Pacific is the largest consumer of Caprolactam Market, followed by Europe, and all of them contribute significantly to the market's growth. North America is experiencing sluggish market growth. The Asia Pacific Caprolactam Market is expanding rapidly due to the increasing use of caprolactam in a variety of applications, as well as the region's macroeconomic growth in the textile and automotive industries. One of the major applications of caprolactam is the production of nylon 6 fibres, which accounts for more than 56% of the caprolactam market share. To analyse the current state and future growth of the global high caprolactam market using various factors such as supply chain analysis, Porters Five Forces analysis, and so on. To assess competitive developments in the global high caprolactam market, such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and development.

 

Caprolactam is a white 'hygroscopic' crystalline solid with a distinct odour. The majority of caprolactam is used to make 6 nylon fibres, which are the starting material for fibres with numerous applications in textile and industrial manufacturing. Because of its properties such as impact, high temperature, and abrasion resistance, as well as an excellent balance of strength and resistance to bases, it is widely replacing metal-based applications, which is a major factor driving caprolactam market growth over the forecast period. Because of the COVID – 19 pandemic, most countries have gone into lockdown, affecting the operations of various industries such as textile and automotive, stifling the growth of the caprolactam market. Because of the increasing demand for and production of lightweight vehicles that require nylon 6 resins, Asia Pacific dominates the caprolactam market.

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