Adroit Market Research

Caprolactam Market Size to Hit $17.02 Billion by 2025- Global Insights on Share, Demand, Price, Growth Drivers, Application, Marketing Channel & Key Development Trend

The Global Caprolactam Market is growing at a CAGR of 4.3% during 2018-2025. The growth of the textile sector coupled with favorable government laws and regulations are expected to augment the growth of the caprolactam industry.


Dallas, TX -- (SBWIRE) -- 02/06/2020 -- The global caprolactam market is majorly driven by the growing demand for plastics across the automotive, construction, as well as electronics & electrical industries is anticipated to be  a major drivers for the caprolactam demand over the prediction period. In addition, improved properties of caprolactam such as elasticity, high strength, chemical & oil resistance, abrasion resistance, with low moisture absorbency of resins and nylon fibers is further boosting the demand for caprolactam into coming years.

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On the other hand, instability in raw material cost for caprolactam production is one of the main factors expected to hamper the growth of the global caprolactam market during the prediction period. Likewise, the growing demand for caprolactam across films and engineering plastics application is likely to boost the growth of the global caprolactam market into coming years.

In addition, the huge development of the global caprolactam market is primarily owing to the rising electronics and electrical industries across the globe. Moreover, another key factor for exchanging metal parts along with plastic product is to obtain easy mass production as well as production continuity also anticipated to drive the growth of this market. However, plastics parts may be injection extruded and molded. But, after finalizing the design of the specific part, mass production is comparatively easy. Likewise, the outsourcing of manufacturing of these parts including dashboard covers and wheel rims is easy to avoid factory overheads.

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The global caprolactam market is basically segmented into application, end-user, and geographical regions. In terms of application, this market is classified into nylon 6 resin and nylon 6 fiber. On considering the end-user, the global caprolactam market is categorized into industrial yarn, textile yarn, carpet fibers & staple fibers, and engineering plastics. According to the geographical viewpoint, the global caprolactam market is classified into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Among these, the Asia Pacific region is dominated for the highest global caprolactam market share owing to the rising automotive and textile industries in regions like Japan, China, as well as South Korea.

Some of the leading service providers of the global caprolactam market are Honeywell International Inc., BASF SE, Sumitomo Chemical Co., Ltd., China Petrochemical Corporation, Shandong Haili Chemical Industry Co. Ltd., China Petrochemical Development Corporation, GradnoAzot JSC, DSM, and many others. Acquisition, expansion, agreements, and new product launches are the major strategies adopted by the top players to gain market status.

Key segments of the global caprolactam market

Application Overview, 2015-2025 (Kilo Tons) (USD Million)

- Nylon 6 Fiber

- Nylon 6 Resin

Application Overview, 2015-2025 (Kilo Tons) (USD Million)

- Textile yarn

- Industrial yarn

- Engineering Plastics

- Carpet fibers & Staple Fibers

Regional Overview, 2015-2025 (Kilo Tons) (USD Million)

- North America

- S.

- Canada

- Europe

- France

- UK

- Germany

- Rest of Europe

- Asia Pacific

- India

- Japan

- China

- Rest of APAC

- Latin America

- Brazil

- Middle East and Africa

Reasons for the study

The purpose of the study is to give an exhaustive outlook of the global caprolactam market

While studying the market, we observed that use of the term nylon fiber is widely used for different industrial applications

Asia Pacific is projected to be the fastest growing region, one of the factors being rapid imports among China

The global caprolactam market is projected to witness lucrative opportunity in developing regions of Latin America and Middle East & Africa owing to rising living standards

What does the report include?

The study on the global caprolactam market includes qualitative factors such as drivers, trends, and opportunities

Additionally, the market has been evaluated using the SWOT analysis and Porter's Five Forces' analysis and PESTEL analysis

The study covers qualitative and quantitative analysis of the market segmented on the basis of application and region. Moreover, the study provides similar information for the key geographies.

Actual market sizes and forecasts have been provided for all the above-mentioned segments

The study includes the profiles of key players in the market with a significant global and/or regional presence

Who should buy this report?

This study is suitable for industry participants and stakeholders in the caprolactam market, who want an in-depth insight into the movement of the functional foods market. The report will benefit:

Executives of various industries companies that are engaged in the polyamide manufacturing

Managers within financial institutions looking to publish recent and forecasted statistics pertaining to automotive and clothing market

Venture capitalists and investors looking for more information on the future outlook of the global caprolactam market

Government organizations, regulatory authorities, policymakers and financial organizations looking for innovations in caprolactam manufacturing technologies

Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies .

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About Adroit Market Research
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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