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Caprolactam Market Size (2024 - 2029)

The caprolactam market is anticipated to experience growth over the forecast period, driven by the increasing production capacity of Nylon 6. Despite challenges posed by the toxicity of caprolactam and the availability of substitute products, the market is expected to expand, with opportunities arising from a heightened focus on recycling efforts. The Asia-Pacific region leads in market consumption, particularly in countries like China, India, and South Korea. The market's recovery from COVID-19 impacts and its projected growth trajectory highlight its resilience and potential for future expansion.

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Market Size of Caprolactam Industry

Caprolactam Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 3.00 %
Fastest Growing Market Middle East and Africa
Largest Market Asia Pacific
Market Concentration Low

Major Players

Caprolactam Market Major Players

*Disclaimer: Major Players sorted in no particular order

Caprolactam Market Analysis

The global caprolactam market is projected to record a CAGR of more than 3% during the forecast period.

Due to the outbreak of COVID-19, the caprolactam market was negatively impacted. Owing to the lockdown in various countries across the world, there were supply chain constraints that significantly obstructed the expansion of the industry. However, the market recovered last year, and it is expected to grow at a significant rate in the coming years.

  • Over the short term, the growing production capacity of Nylon 6 is the major driving factor favoring the market's growth.
  • On the flip side, the toxicity of caprolactam and the presence of substitute products for Nylon-6 will likely hinder the market growth.
  • Increasing focus on recycling caprolactam will likely act as an opportunity over the forecast period.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China, India and South Korea.

Caprolactam Industry Segmentation

Caprolactam is a colorless solid organic compound and is a lactam (a cyclic amide) of caproic acid. It is mainly used to make Nylon 6 filament, fiber, and plastics. The caprolactam market is segmented by raw material, end product, application, and geography. By raw material, the market is segmented into phenol and cyclohexane. By end product, the market is segmented into nylon 6 resins, nylon 6 fibers, and other end products. The market is segmented by application into engineering resins and films, industrial yarns textiles and carpets, and other applications. By end-user industry, the market is segmented into the automotive, carpet, textile, and other end-user industries. The report also covers the market size and forecasts for the wood-based panel market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume terms (in kilo metric tons).

Raw Material
Phenol
Cyclohexane
End Product
Nylon 6 Resins
Nylon 6 Fibers
Other End Products
Application
Engineering Resins and Films
Industrial Yarns
Textiles and Carpets
Other Applications
End-user Industry
Automotive
Carpet
Textile
Other End-user Industries
Geography
Asia-Pacific
China
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Caprolactam Market Size Summary

The caprolactam market is poised for growth, driven by the increasing production capacity of Nylon 6, which is a key application of caprolactam. This chemical is essential in producing Nylon 6 fibers, widely used in the textile industry for non-woven fabrics, offering attributes like durability, colorfastness, and versatility. Despite the initial setbacks due to the COVID-19 pandemic, which caused supply chain disruptions, the market has shown resilience and is expected to expand significantly. However, challenges such as the toxicity of caprolactam and the availability of substitute products for Nylon-6 may impede growth. Nonetheless, the rising emphasis on recycling caprolactam presents a promising opportunity for market players.

The Asia-Pacific region dominates the global caprolactam market, with countries like China, India, and South Korea leading in consumption due to their robust textile industries. China stands out as the largest producer of Nylon 6, with significant contributions from major manufacturers. The region's economic growth and increasing textile exports further bolster the demand for caprolactam. Additionally, the automotive industry's reliance on caprolactam for industrial yarn, resins, and films adds to the market's expansion prospects. The market is characterized by fragmentation, with key players like China Petrochemical Development Corporation, Fibrant, BASF SE, Capro Co., and UBE Corporation holding substantial shares. Recent expansions and strategic moves by these companies indicate a competitive landscape aimed at meeting the growing global demand.

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Caprolactam Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Production Capacity of Nylon 6

    2. 1.2 Restraints

      1. 1.2.1 Toxicity of caprolactam

      2. 1.2.2 Presence of substitute products for Nylon-6

    3. 1.3 Industry Value-chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume )

    1. 2.1 Raw Material

      1. 2.1.1 Phenol

      2. 2.1.2 Cyclohexane

    2. 2.2 End Product

      1. 2.2.1 Nylon 6 Resins

      2. 2.2.2 Nylon 6 Fibers

      3. 2.2.3 Other End Products

    3. 2.3 Application

      1. 2.3.1 Engineering Resins and Films

      2. 2.3.2 Industrial Yarns

      3. 2.3.3 Textiles and Carpets

      4. 2.3.4 Other Applications

    4. 2.4 End-user Industry

      1. 2.4.1 Automotive

      2. 2.4.2 Carpet

      3. 2.4.3 Textile

      4. 2.4.4 Other End-user Industries

    5. 2.5 Geography

      1. 2.5.1 Asia-Pacific

        1. 2.5.1.1 China

        2. 2.5.1.2 Japan

        3. 2.5.1.3 South Korea

        4. 2.5.1.4 Rest of Asia-Pacific

      2. 2.5.2 North America

        1. 2.5.2.1 United States

        2. 2.5.2.2 Canada

        3. 2.5.2.3 Mexico

      3. 2.5.3 Europe

        1. 2.5.3.1 Germany

        2. 2.5.3.2 United Kingdom

        3. 2.5.3.3 France

        4. 2.5.3.4 Italy

        5. 2.5.3.5 Rest of Europe

      4. 2.5.4 South America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Argentina

        3. 2.5.4.3 Rest of South America

      5. 2.5.5 Middle-East and Africa

        1. 2.5.5.1 Saudi Arabia

        2. 2.5.5.2 South Africa

        3. 2.5.5.3 Rest of Middle-East and Africa

Caprolactam Market Size FAQs

The Caprolactam Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

China Petrochemical Development Corporation, Fibrant, BASF SE, Capro Co. and UBE Corporation are the major companies operating in the Caprolactam Market.

Caprolactam Market Report Snapshots

Caprolactam Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)