Outlook on the Caprolactam Global Market to 2026 – Featuring Advansix, Alpek and BASF Among Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Caprolactam Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The global caprolactam market is expected to record a CAGR of over 4% during the forecast period.
Companies Mentioned
- Advansix Inc.
- Alpek S.A.B. de CV
- BASF SE
- Capro Corp.
- DOMO Caproleuna GmbH
- Fertilizers & Chemicals Travancore Ltd
- Juhua Group Corporation
- Lanxess AG
- PJSC Kuibyshevazot
- Sumitomo Chemical Co. Ltd
- Toray Industries Inc.
- UBE Industries Ltd
- Fibrant
- Sinopec Shijiazhuang Refining & Chemical Company (SRCC)
- Fujian Jinjiang Petrochemical
- Shandong Haili Chemical Industry Co. Ltd
- Baling Petrochemical
- China Petrochemical Development Corporation
Key Market Trends
Increasing Demand for the Production of Nylon 6 Fibers
- The nylon 6 fibers segment dominated the market, and it is expected to register a high growth rate during the forecast period, owing to the increasing demand from the textile and carpets industry across the world.
- Increasing focus on recycling caprolactam is likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and South Korea.
- Production of nylon 6 fibers is one of the major applications of caprolactam, which accounts for over 56% of the caprolactam market share.
- Nylon 6 fibers are wrinkle proof and highly resistant to abrasion and chemicals, such as acids and alkalis. Moreover, it is easy to dye these fibers, which primarily produce deep and bright shades, while offering high strength and lightweight.
- Nylon 6 fibers have varied applications in sportswear, swimwear, hosiery, and fashion wear. They have great stretch fit properties when combined with spandex fibers.
- Apart from clothing, nylon 6 fibers have other industrial applications, like tarpaulins, fishing nets, and tarpaulins. Moreover, they are used in packaging applications, as they have good mechanical, optical, and barrier properties.
- Nylon 6 fibers are extensively used in the production of fishing nets, tire yarns, sewing threads, industrial drive-belts, etc.
- Though the nylon 6 fiber segment is saturated in western countries, it is growing considerably in the Asian region, particularly in China. Owing to competition from other materials, like nylon 66 and polyester, the nylon 6 segment’s growth is expected to be sluggish during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region dominated the global market with the highest share of almost 70%. With growing textile and automotive industries in countries, such as China, Japan, and South Korea, the consumption of caprolactam is increasing in the region.
- China is the largest producer of nylon 6 worldwide. Some of the largest manufacturers of nylon 6 in China are Guangdong Xinhui Meida Nylon Co Ltd, BASF (China) Co. Ltd, Liheng (Changle) Polyamide Technology Co. Ltd, etc. In terms of GDP, China is the second-largest economy in the world.
- According to the National Bureau of Statistics of China, the export volumes of carpets from China increased from 457 million square meters to around 650 million square meters during the 2009-2019 period. The increasing exports of carpets from China is expected to have a positive impact on the demand for caprolactam in the country.
- The Korean automotive industry is heavily dependent on exports. With the decrease in exports, the production of automobiles has decreased in the recent past.
- The aforementioned factors are expected to affect the demand for caprolactam during the forecast period.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Production Capacity of Nylon 6
4.2 Restraints
4.2.1 Stiff Competition from Nylon 6/6, Nylon MDS, and Polybutylene Terephthalate (PBT)
4.2.2 Other Restraints
4.3 Industry Value-chain Analysis
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Raw Material
5.1.1 Phenol
5.1.2 Cyclohexane
5.2 End Product
5.2.1 Nylon 6 Resins
5.2.2 Nylon 6 Fibers
5.2.3 Other End Products
5.3 Application
5.3.1 Engineering Resins and Films
5.3.2 Industrial Yarns
5.3.3 Textiles and Carpets
5.3.4 Other Applications
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 France
5.4.3.4 Italy
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/d9mcaw
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