H1 2023: Caprolactam’s largest consumer was Asia Pacific region in H1 2023. However, This region witnessed fluctuations in the Caprolactam prices during H1 2023. Till the first four months of 2023, the price of caprolactam in Asia-Pacific continued to be declined in Asia due to sluggish demand from the downstream textile industry. The growth momentum increased significantly in April 2023 and then declined till June 2023 in Asia. Due to poor performance from the downstream Nylon 6 production sites, the price of caprolactam showed a bearish pattern. Although there was ample supply on the market to meet downstream demands, the demand for the product did not increase in Asia. Additionally, weak performance of the raw material benzene in the Asian market, supported the low prices of the caprolactam in Asia. Since mid-May, a number of additional macroeconomic problems had a negative effect on the Chinese market, including economy's slow recovery, and deflation. On the other hand, US witnessed a bearish market pattern in H1 2023. Due to weak pricing of the feedstock benzene and low demand from the downstream textile industry in the US market, the price of caprolactam saw a downward trend throughout the first half of 2023. The number of new orders from downstream textile sectors continued to decline till June 2023 in the US.
The global Caprolactam market stood at approximately 6.7 million tonnes in 2022 and is anticipated to grow at a CAGR of 5.80% during the forecast period until 2032.
Caprolactam is a popular choice as a feedstock due of its exceptional qualities, which include high tensile strength, flexibility, and abrasion resistance. It is also a very well-liked technical plastic in the construction, electrical, and electronic industries because to its given chemical and oil resistance and low moisture absorbency. The substance is also in high demand as a chemical intermediate for the chemical industry and as a monomer for the polymer industry. Brush bristles, textile stiffeners, film coatings, synthetic leather, plastics, plasticizers, paint vehicles, cross-linking for polyurethanes, and the production of lysine are all niche applications for caprolactam. Main application of caprolactam is the production of synthetic fibers, particularly Nylon 6. Due to their exceptional flexibility and high tensile strength, nylon 6 resin find extensive use in the automotive and textile industries. Products made from polyamide 6 or nylon 6 include door handles, air bag containers, radiator grilles, relay boxes, air intake manifolds, and engine covers. Due to its high electrical insulation and low weight compared to metal tubes, nylon 6 has a wide range of uses in the manufacturing of electrical and electronic equipment, including circuit breakers, voltage switchgears, contactors, and tubes for wiring and cables.
Since Nylon 6 accounts the largest share of caprolactam demand, market fundamentals for the global textile sector have a significant impact on caprolactam consumption. As a result, it is anticipated that over the projection period, demand for caprolactam would increase at an essential rate due to the textile industry's steady growth as well as rising demand from the automotive and construction industries. As a result of their excellent temperature and chemical resistance, nylon 6 is used as an alternative to metal auto parts, which is likely to bolster the caprolactam demand as a feedstock in the coming years. The global Caprolactam market is anticipated to touch roughly 11.7 million tonnes by 2032.
The Asia Pacific region is predicted to consume the largest share of the global caprolactam market due to macroeconomic factors driving the expansion of its primary consumer textile industry. A large potion of the world's caprolactam usage has been accounted for by China, and it is predicted that this trend would continue during the projected period. Due to the region's fast industrialization, which has led to the development of numerous textile and automobiles factories as well as the rising demand for passenger vehicles in China and India, Asia-Pacific is predicted to dominate the caprolactam market. The expanding need for plastics in the construction, electrical & electronics, automotive, and textile industries are also likely to contribute to the market expansion in this area. Due to the region's increasing need for lightweight materials, the expansion of coatings and film applications, and the demand for lighter automotive vehicles, North America and Europe are anticipated to see the quickest growth over the forecast period of 2023–2032.
Based on the end-user industry, the global Caprolactam market is divided into Textile Yarn, Industrial Yarn Engineering Plastic, and Others. Among these, Textile Yarn is the major segment and held about 49% of the global Caprolactam market in 2022.
Major players in the Global Caprolactam market are BASF SE, Honeywell International Inc, Kuibyshevazot, China Petroleum & Chemical Corporation, LANXESS, DSM, Toray Industries Inc, Sumitomo Chemical, China Petrochemical Development Corporation, UBE Corporation, Hengyi Petrochemical Co. Ltd, Luxi Chemical Group Co, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Caprolactam which covers production, demand and supply of Caprolactam market in the globe.
• To analyse and forecast the market size of Caprolactam
• To classify and forecast Global Caprolactam market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Caprolactam market in the globe.
To extract data for Global Caprolactam market, primary research surveys were conducted with Caprolactam manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Caprolactam market over the coming years.
ChemAnalyst calculated Caprolactam demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Caprolactam. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Caprolactam manufacturers and other stakeholders
• Organizations, forums and alliances related to Caprolactam distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Caprolactam manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Caprolactam market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
6.7 million tonnes
Market size Volume in 2032
11.7 million tonnes
Growth Rate
CAGR of 5.80% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Textile Yarn, Industrial Yarn, Engineering Plastic, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Caprolactam market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Caprolactam.
3. Capacity By Location
To better understand the regional supply of Caprolactam by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Caprolactam by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Textile Yarn, Industrial Yarn, Engineering Plastic, and Others) are creating a market and the forecast for the growth of the Caprolactam market.
7. Demand by Region
Analyzing the change in demand of Caprolactam in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Caprolactam. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Caprolactam.
10. Company Share
Figure out what proportion of the market share of Caprolactam is currently held by leading players across the globe.
11. Country-wise Export
Get details about quantity of Caprolactam exported by major countries.
12. Country-wise Import
Get details about quantity of Caprolactam imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Caprolactam.
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Caprolactam in terms of volume in 2022?
Ans:
The global market size of Caprolactam has reached approximately 6.7 million tonnes in 2022.
Q2.
Which region is the major consumer of Caprolactam?
Ans:
Asia Pacific region is the leading consumer of Caprolactam globally.
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