May 1, 2019   SOURCE: BusinessWire

Caprolactam Market - Global Forecast to 2023: Focus on Nylon 6 Fibers & Nylon 6 Engineering Plastics - ResearchAndMarkets.com

The "Caprolactam Market by Application (Nylon 6 Fibers (Textile, Industrial, Carpet Filament, Staple Fiber), Nylon 6 Engineering Plastics (Automotive, Electrical & Electronics, Industrial & Machinery, Wire & Cable)), Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The caprolactam market size is expected to grow from USD 13.1 billion in 2018 to USD 15.6 billion by 2023, at a CAGR of 3.6% during the forecast period.

The caprolactam market is driven by the need for lightweight vehicles, the growth of films and coatings applications, and the growth of emerging economies. However, moisture absorption resulting in degradation of properties is the major restraining factor for the market.

Increasing consumption of caprolactam in nylon 6 fibers and engineering plastics is expected to fuel the demand for caprolactam.

The nylon 6 fibers segment is the largest and fastest-growing application of caprolactam. Caprolactam is initially processed to produce polyamide 6 fiber and is then further melted and spun to produce staple, tow, monofilament, and multi-filament form. The fiber has outstanding durability and excellent physical properties. Textile is an area of important end-use for polyamide. The most commonly used polyamide textiles are produced from polyamide 6, polyamide 66, and other co-polyamides. The excellent properties of caprolactam enable the end-product to exhibit pleasant tactical qualities, lighter weight, and higher strength.

APAC is expected to register the highest growth during the forecast period.

APAC has emerged as the leading consumer and producer of caprolactam due to the growing manufacturing sector in all major economies of the region. In addition, the presence of many big, as well as, small caprolactam producers, is driving the market in the region. The demand for caprolactam in APAC is majorly driven by consumption in China. Other APAC countries such as Taiwan and India are also witnessing significant investments in polyamide production to cater to the automotive and electrical & electronics industries.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Caprolactam Market

4.2 Caprolactam Market, By Application

4.3 Caprolactam Market, Developed vs. Developing Countries

4.4 APAC Caprolactam Market

4.5 Caprolactam Market Attractiveness

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Need for Lightweight Automotive Vehicles

5.2.1.2 Growth of Films and Coatings Applications

5.2.1.3 Growth of Emerging Economies

5.2.2 Restraints

5.2.2.1 Moisture Absorption Resulting in Degradation of Properties

5.2.3 Opportunities

5.2.3.1 Development of Bio-Based Caprolactam in Regions With Strict Regulations

5.2.4 Challenges

5.2.4.1 Volatile Raw Material Prices

5.2.4.2 Strict Regulations in China

5.3 Porter's Five Forces Analysis

5.3.1 Threat of Substitutes

5.3.2 Bargaining Power of Buyers

5.3.3 Threat of New Entrants

5.3.4 Bargaining Power of Suppliers

5.3.5 Intensity of Competitive Rivalry

6 Trade Data Analysis

6.1 Caprolactam Import Data

6.2 Caprolactam Export Data

7 Manufacturing Process for Caprolactam

7.1 Market Evolution

7.2 Raw Material Analysis

7.2.1 Phenol

7.2.2 Cyclohexane

7.2.3 Cyclohexene

7.2.4 Cyclohexanone

7.2.5 Hydroxylamine Sulfate

7.2.6 Caprolactam

7.3 Price Analysis

8 Caprolactam Market, By Application

8.1 Introduction

8.2 Films

8.2.1 Excellent Properties of Polyamide 6 Films are Driving the Caprolactam Market in This Segment

8.2.2 Food Packaging

8.2.2.1 Polyamide 6 Films are Used for the Packaging of A Wide Range of Food Items Due to their Outstanding Properties

8.2.3 Pharmaceutical Packaging

8.2.3.1 Growing Healthcare Awareness and Rise in Income Levels are Contributing to the Growth of the Market in the Pharmaceutical Packaging Segment

8.2.4 Agricultural Packaging

8.2.4.1 Increasing Demand From the Middle East & Africa is Expected to Drive the Agricultural Films Market

8.2.5 Others (Electronic Products)

8.3 Nylon 6 Fibers

8.3.1 Polyamide 6 Fiber's Outstanding Durability and Physical Properties are Helping the Growth of This Segment

8.3.2 Textile Filament

8.3.2.1 an Array of Applications of Polyamide Fibers in the Textile Industry is Driving the Market in This Segment

8.3.3 Industrial Filament

8.3.3.1 The Market in the Industrial Filament Segment is Spurred By Demand From the Automotive Industry

8.3.4 Carpet Filament

8.3.4.1 Demand for Carpet Filament is Majorly From North America and Europe

8.3.5 Staple Fiber

8.3.5.1 Europe and APAC are Likely to Be Promising Markets in the Staple Fiber Segment

8.4 Nylon 6 Engineering Plastics

8.4.1 Nylon 6 Engineering Plastics are Used in A Wide Range of End-Use Industries Due to their Versatility

8.4.2 Automotive

8.4.2.1 Rising Demand for Lightweight and Fuel-Efficient Vehicles is the Main Driver for the Market

8.4.3 Electrical & Electronics

8.4.3.1 Diverse Usage of Nylon 6 Engineering Plastics in the Electrical & Electronics Segment is Likely to Boost Its Demand

8.4.4 Industrial/Machinery

8.4.4.1 Abrasion Resistance, Dimensional Stability, and Reverse Bending Properties are Expected to Drive the Demand in the Industrial/Machinery Segment

8.4.5 Consumer Goods

8.4.5.1 Use of Nylon 6 Engineering Plastics in the Form of Products and Coatings in the Consumer Goods Industry is Increasing Its Demand

8.4.6 Wire & Cable

8.4.6.1 Growing It and Communication Industries are Likely to Boost the Demand for Wire & Cable Application

8.4.7 Others

8.5 Others

9 Caprolactam Market, By Region

10 Competitive Landscape

10.1 Introduction

10.2 Competitive Leadership Mapping

10.2.1 Terminology/Nomenclature

10.2.1.1 Visionary Leaders

10.2.1.2 Innovators

10.2.1.3 Emerging Companies

10.2.1.4 Dynamic Differentiators

10.3 Capacity Analysis

10.4 Competitive Scenario

10.4.1 Investment & Expansion

10.4.2 Contract & Agreement, Partnership & Collaboration

10.4.3 Merger & Acquisition

11 Company Profiles

11.1 Business Overview

11.2 Products Offered

11.3 SWOT Analysis

  • Advansix Inc.
  • Alpek S.A.B. De C.V.
  • BASF SE
  • Capro Co.
  • China Petrochemical Development Corporation
  • China Petroleum and Chemical Corporation (Sinopec)
  • Domo Chemicals
  • Grupa Azoty
  • Gujarat State Fertilizers & Chemicals Limited
  • Highsun Group
  • Lanxess Ag
  • Luxi Chemical Group Co., Ltd.
  • Pjsc Kuibyshevazot
  • Spolana
  • Sumitomo Chemical Co., Ltd.
  • The Aquafil Group
  • Toray Industries, Inc.
  • UBE Industries, Ltd.
  • Zhejiang Hengyi Group Co., Ltd.

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