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Global Caprolactam Market Growth, Trends and Forecast (2019-2024) - ResearchAndMarkets.com

May 2, 2019

DUBLIN--(BUSINESS WIRE)--May 2, 2019--The “Caprolactam Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.

The global caprolactam market is expected to record a CAGR of 3.47% during the forecast period of 2019 and 2024.

Major factors driving the market studied are the increase in the demand for nylon 6 and in the demand for lightweight vehicles in the automobile industry. Stiff competition from nylon 6/6, nylon MDS, and polybutylene terephthalate (PBT) is expected to hinder the growth of the market studied.

The nylon 6 fibers segment dominated the market in 2017, and it is expected to register a high growth rate during the forecast period, owing to the increasing demand from the textile and carpets industry across the world.

Increasing focus on recycling caprolactam is likely to act as an opportunity in the future.

Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and South Korea.

Increasing Demand for the Production of Nylon 6 Fibers

The nylon 6 fibers segment dominated the market in 2017, and it is expected to register a high growth rate during the forecast period, owing to the increasing demand from the textile and carpets industry across the world.

Production of nylon 6 fibers is one of the major applications of caprolactam, which accounts for over 56% of the caprolactam market share.

Nylon 6 fibers are wrinkle proof and highly resistant to abrasion and chemicals, such as acids and alkalis. Moreover, it is easy to dye these fibers, which primarily produce deep and bright shades, while offering high strength and lightweight.

Nylon 6 fibers have varied applications in sportswear, swimwear, hosiery, and fashion wear. They have great stretch fit properties when combined with spandex fibers.

Apart from clothing, nylon 6 fibers have other industrial applications, like tarpaulins, fishing nets, and tarpaulins. Moreover, they are used in packaging applications, as they have good mechanical, optical, and barrier properties.

Nylon 6 fibers are extensively used in the production of fishing nets, tire yarns, sewing threads, industrial drive-belts, etc.

Though the nylon 6 fiber segment is saturated in western countries, it is growing considerably in the Asian region, particularly in China. Owing to competition from other materials, like nylon 66 and polyester, the nylon 6 segment’s growth is expected to be sluggish during the forecast period.

Competitive Landscape

The global caprolactam market is fragmented, with the top five players accounting for about 36% of the market. The major companies include Sinopec Shijiazhuang Refining & Chemical Company (SRCC), China Petrochemical Development Corporation (CPDC), Fibrant, Shandong Haili Chemical Industry Co. Ltd, BASF SE, and Capro Corp.

Key Topics Covered

1 Introduction

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Dynamics

4.1 Drivers

4.1.1 Increase in the Demand for Nylon 6

4.1.2 Increase in the Demand for Lightweight Vehicles in the Automobile Industry

4.2 Restraints

4.2.1 Stiff Competition from Nylon 6/6, Nylon MDS, and Polybutylene Terephthalate (PBT)

4.2.2 Other Restraints

4.3 Industry Value-chain Analysis

4.4 Industry Attractiveness - Porter’s Five Forces Analysis

5 Market Segmentation

5.1 Raw Material

5.1.1 Phenol

5.1.2 Cyclohexane

5.2 End Product

5.2.1 Nylon 6 Resins

5.2.2 Nylon 6 Fibers

5.2.3 Other End Products

5.3 Application

5.3.1 Engineering Resins and Films

5.3.2 Industrial Yarns

5.3.3 Textiles and Carpets

5.3.4 Other Applications

5.4 End-user Industry

5.4.1 Automotive Industry

5.4.2 Carpet Industry

5.4.3 Textile Industry

5.4.4 Other End-user Industries

5.5 Geography

5.5.1 Asia-Pacific

5.5.2 North America

5.5.3 Europe

5.5.4 South America

5.5.5 Middle East & Africa

6 Competitive Landscape

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements

6.2 Market Share Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 Advansix Inc.

6.4.2 Alpek S.A.B. de CV

6.4.3 BASF SE

6.4.4 Capro Corp.

6.4.5 DOMO Caproleuna GmbH

6.4.6 Fertilizers & Chemicals Travancore Ltd.

6.4.7 Juhua Group Corporation

6.4.8 Lanxess AG

6.4.9 PJSC Kuibyshevazot

6.4.10 Sumitomo Chemical Co. Ltd.

6.4.11 Toray Industries Inc.

6.4.12 UBE Industries Ltd.

6.4.13 Fibrant

6.4.14 Sinopec Shijiazhuang Refining & Chemical Company (SRCC)

6.4.15 Fujian Jinjiang Petrochemical

6.4.16 Shandong Haili Chemical Industry Co. Ltd.

6.4.17 Baling Petrochemical

6.4.18 China Petrochemical Development Corporation (CPDC)

7 Market Opportunities and Future Trends

7.1 Increasing Focus on Recycling Caprolactam

7.2 Other Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/mf54h6

View source version on businesswire.com:https://www.businesswire.com/news/home/20190502005367/en/

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Related Topics:Petrochemicals

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/02/2019 06:28 AM/DISC: 05/02/2019 06:28 AM

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