The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growth of the automotive industry are expected to drive innovation in caprolactam manufacturing, thus driving the market during the forecast period.

The global caprolactam market is expected to grow from $14.72 billion in 2022 to $15.71 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The caprolactam market size is expected to grow to $19.3 billion in 2027 at a CAGR of 5.3%.

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Global Caprolactam Market Segments Include:

• By Raw Material: Phenol, Cyclohexane, Hydroxylamine Sulfate, Other Raw Materials
• By Application: Nylon 6 Filaments, Textile Yarn, Nylon 6 Fibers, Engineering Plastics, Printer Inks, other Applications
• By End-User: Textile Industry, Automobile Industry, Electrical And Electronics Industry, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global caprolactam market in 2021.

Major Market Players in the caprolactam market include AdvanSix Inc., Alpek S.A.B. de C.V., The Aquafil Group, Toray Industries Inc., Capro Corp., China Petrochemical Development Corporation, Domo Chemicals GmbH.

Technological advancements have emerged as a key trend gaining popularity in the caprolactam market. Major companies operating in the caprolactam sector are focused on developing new technological solutions to strengthen their position in the market. For instance, in July 2021, Fibrant, a Netherlands-based chemical products and services company, marketed its caprolactam under the tradename EcoLactam, a new generation caprolactam with a reduced carbon footprint. The company will reduce its carbon footprint by over 50 percent by applying proprietary Hydranone technology.

The Caprolactam Global Market Report 2023  provides a caprolactam market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The caprolactam market forecast analyzes caprolactam market size, caprolactam market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Caprolactam is a mildly unpleasant-smelling, clear to milky white organic compound. Caprolactam is a crystalline cyclic amide derivative of caproic acid with a melting point of 70 °C that possesses various properties such as tensile strength, superior elasticity, chemical and oil resistance, and low moisture absorbency. Caprolactam is used for nylon 6 production.

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