Caprolactam Market - Global Industry Analysis 2025

Caprolactam are organic compounds with molecular formula ((CH2)5CNH). It is a colorless, solid, toxic substance and process an irritant properties. The caprolactam market is segmented by nylon 6 fiber and nylon 6 resin. The nylon 6 fiber is the largest segment and is mainly used in textile, carpet, industrial yarns and others end use industries. Also, the nylon 6 resins are used in automobiles, specialty films packaging for food, wires & cables and other end use industries. Growing demand for caprolactam in end-use industries due to various application of nylon 6 resin and nylon 6 fibers across the world. Asia Pacific is expected to dominate this market in the foreseeable according to Coherent Market Insights. Growing demand for electronic gadgets and equipment in Asia Pacific due to populous economy and changing lifestyle is expected to drive growth of the market. Growing electronics industry is propelling demand for nylon 6 resin and fiber consumption. Continuous technological innovations aimed at improving manufacturing process of the product to reduce ammonium sulfate production as a by-product, due to its hazardous nature and increase in production cost is expected to propel demand for caprolactam during 2017-2025. For instance, EniChem in 1994 developed a process to produce cyclohexanone oxime directly from ammonia and cyclohexanone and eliminating the conventional process which lowers the capital expenditure and ammonium sulfate production. Moreover, in 2003, Sumitomo Chemical Company Limited started production of cyclohexanone at its Ehime Plant in Japan, with a capacity of 67,000 tons per year.

Get PDF Research Brochure for more Professional and Technical Insights: https://www.coherentmarketinsights.com/insight/request-sample/290

Market Dynamics

Caprolactam are the primary raw materials required in the manufacture of engineering plastics. Growing textiles industry is expected to fuel the market for caprolactam in Asia Pacific. Favorable government policies and foreign investment in the region which includes, according to India Brand Equity Foundation (IBEF), is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India. For instance, Raymond Group has signed a Memorandum of Understanding (MoU) with Maharashtra government for setting up a textile manufacturing plant with an investment of US$ 208.76 million in Maharashtra’s Amravati district of India. Moreover, The Clothing Manufacturer Association of India (CMAI), signed MOU with China Chamber of Commerce (CCCT), for import and export of textiles. Moreover, nylon 6 have wide applications in the manufacturing of fishing nets, sports equipment, tracking harness, ropes, among others. The demand for caprolactam in end-use industry is propelling due to rapid innovation and development of new product aided advantages, for instance on June 17, 2014, Honeywell International Inc., introduced a new Aegis nylon resin designed to protect electrical wirings and cables used in industrial and consumer products.

Market Taxonomy

This report segments the global caprolactam market on the basis of raw material and product type. On the basis of raw material, the market is segmented as cyclohexane/benzene, phenol and others. On the basis of product type, the global caprolactam market is segmented as nylon 6 fiber, nylon 6 resin & films and polymer chips. The nylon 6 fibers market is further sub segmented into textile, carpet, industrial yarn and others. The nylon 6 resin and films, are also sub segmented into automotive, specialty films packaging for food, wires & cables and others.

Key features of the study:

This report provides in-depth analysis of the global caprolactam market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017 – 2025), considering 2016 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global caprolactam market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans

Key companies covered as a part of this study include BASF SE, China Petroleum & Chemical Corporation, China Petrochemical Development Corporation, Honeywell International Inc., KuibyshevAzot OJSC, Royal DSM N.V., UBE Industries, SINOPEC and Sumitomo Chemical Company Limited.

Browse Global Strategic Business Report : https://www.coherentmarketinsights.com/market-insight/global-caprolactam-market-290

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics

The global Caprolactam market report caters to various stakeholders in this industry, including investors, raw material manufacturer, end-users, distributors, new entrants, and financial analysts

Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the caprolactam market

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Visit Coherent Market Insights Blog @ https://blog.coherentmarketinsights.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/coherent-market-insights

This release was published on openPR.