Title: Caprolactam Market Revenue Growth by the end of 2027
1Caprolactam Market To Reach USD 19.27 Billion By
2026
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2 Market Summary
A variety of users across various end-use
industries has fuelled the demand for this
market. Nylon 6 fibers are becoming more popular
because of their unique properties like being
lightweight, heat, and fatigue resistance coupled
with high tensile elastic strength. Market Size
USD 12.6 Billion in 2018, Market Growth - CAGR
of 5.4, Market Trends Product launches, and
research for advanced caprolactam options.
3 Our Approach
Market Summary
- According to the current analysis of Reports and
Data, the global Caprolactam Market was valued at
USD 12.6 billion in 2018 and is expected to reach
USD 19.27 billion by the year 2026, at a CAGR of
5.4. Caprolactam is a cyclic amide or lactam of
caproic acid. Nylon 6, which is an extensively
used synthetic polymer, is the raw material used
in Caprolactam. It is a colorless organic
compound that is manufactured using three
different sources, such as cyclohexane, phenol,
and toluene. Cyclohexane is the most prominent
source used for fabricating caprolactam. Its
mechanical properties such as being lightweight
and high strength make it the best choice of
material to produce nylon fiber and resins.
Another added benefit in production of
caprolactam is that its manufacturing plant
requires less technical complexity along with low
initial investment in its infrastructure which
has encouraged new participants to enter the
market. - Rapid urbanization and an increase in consumers
disposable income is also contributing towards
the market growth. The increased per capita
income has resulted in the growth of the
middle-class population having high purchasing
power. As a result of this, the clothing industry
has witnessed significant growth, which in turn,
has boosted the demand for caprolactam in fabric
production. - Request for a sample of this research report _at_
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4 Our Approach
Market Summary
- Further key findings from the report suggest
- The caprolactam market is growing at a CAGR of
5.6 in Asia-Pacific, followed by Europe North
America, with 5.3 and 5.1 CAGR, respectively. - Currently, Asia-Pacific dominates the market for
caprolactam, followed by Europe and then
North-America. Moreover, because of the growing
industries in countries like India and China,
Asia-Pacific is expected to keep registering the
highest CAGR and dominate the market until 2026. - Technological innovations are being aimed at
improving the manufacturing process of
caprolactam to reduce the production of ammonium
sulfate because of its is hazardous effects on
the environment. It is expected to have a
positive impact on product demand. An increase in
demand for engineering plastics and films in
manufacturing of various automotive parts that
include engine covers, gears, and bearings owing
to their resistance to oils and greases is also
expected to help the growth of this market. - To identify the key trends in the industry, click
on the link below https//www.reportsanddata.com/
report-detail/caprolactam-market
5 Our Approach
Market Summary
- Key participants include Advansix Inc., Alpek
S.A.B. de C.V., BASF SE, Capro Corp, DOMO
Caproleuna GmbH, Grupa Azoty, Gujarat State
Fertilizers Chemicals Limited, Highsun Group,
KuibyshevAzot PJSC, Fertilizers Chemicals
Travancore Ltd, Juhua Group Corp., Lanxess AG,
Sumitomo Chemical Co. Ltd, Toray Industries,
Inc., and UBE Industry Group. - For better understanding of the study, Reports
and Data have segmented the caprolactam market
based on application, end-use, and region - Application (Revenue in USD Million Volume in
Tons, 20162026) - Nylon 6 Fibers
- Nylon 6 Resins
6 Our Approach
Market Summary
- End-Use (Revenue in USD Million Volume in Tons,
20162026) - Textile yarn
- Industrial yarn
- Engineering Plastics
- Carpet fibers staple fibers
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7 Our Approach
About Us
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