caprolactam market, caprolactam market size, caprolactam market share, caprolactam market analysis, caprolactam industry, caprolactam market forecast
How large is the caprolactam market, and what is its growth trajectory?
The caprolactam market size has grown strongly in recent years. It will grow from $16.5 billion in 2024 to $17.5 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to textile industry growth, consumer goods manufacturing, innovations in nylon applications, synthetic fibers, automotive sector demand, expansion of manufacturing facilities.
The caprolactam market size is expected to see strong growth in the next few years. It will grow to $23.51 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to growing demand for nylon 6, expansion in emerging markets, increasing demand for engineering plastics, e-commerce packaging, stringent emission standards. Major trends in the forecast period include sustainable production methods, bio-based caprolactam, e-commerce packaging, advancements in manufacturing technologies, automotive lightweighting trends.
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Which major factors have contributed to the expansion of the caprolactam market?
The growth of the automotive industry is expected to propel the growth of the caprolactam market going forward. The automotive industry comprises the companies involved in the design, manufacture, and sale of motor vehicles and related components. The shift towards fuel-efficient and environment-friendly automobiles has encouraged the use of nylon 6 in automobiles to reduce weight and fuel consumption by the vehicle. For instance, according to the India Brand Equity Foundation, commonly known as IBEF, an Indian government export promotion agency, vehicle production in India is expected to reach 22.93 million vehicles in 2022. Therefore, the growth of the automotive industry is driving the caprolactam market.
How is the caprolactam market segmented?
The caprolactam market covered in this report is segmented –
1) By Raw Material: Phenol, Cyclohexane, Hydroxylamine Sulfate, Other Raw Materials
2) By Application: Nylon 6 Filaments, Textile Yarn, Nylon 6 Fibers, Engineering Plastics, Printer Inks, Other Applications
3) By End-User: Textile Industry, Automobile Industry, Electrical And Electronics Industry, Other End-Users
Subsegments:
1) By Phenol: Phenol Derivatives, Phenol-Based Intermediates
2) By Cyclohexane: Purified Cyclohexane, Cyclohexane Mixtures
3) By Hydroxylamine Sulfate: Hydroxylamine Hydrochloride, Hydroxylamine Sulfonic Acid
4) By Other Raw Materials: Aniline, Acetic Acid, Formaldehyde
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Who are the top competitors in the caprolactam market?
Major companies operating in the caprolactam market include China Petrochemical Corporation, BASF SE, Mitsubishi Chemical Corporation, Honeywell International Inc., Rhodia S.A., Asahi Kasei Corporation, Hengyi Industries Co. Ltd., Toray Industries Inc., LANXESS Corporation, Alpek S.A.B. de C.V., Grupa Azoty S.A., Luxi Chemical Group, Petroquímica Unigel S.A. de C.V., Highsun Holding Group, Ube Industries Ltd., Shenma Group Co. Ltd., AdvanSix Inc., Shandong Xinlong Group Co. Ltd., Nanning Chemical Industry Group Co. Ltd., Shandong Linyi Jinyu Chemical Co. Ltd., Capro Corp., Spolana s.r.o., DOMO Caproleuna, Jiangsu Yisheng Chemical Co. Ltd.
Which key trends are expected to influence the caprolactam market in the coming years?
Major companies operating in the caprolactam market are focusing on developing new products to strengthen their positions in the market. For instance, in March 2022, DOMO Chemicals, a Germany-based provider of engineered material solutions and fully integrated producer of PA6, announced the successful delivery of 5 million metric tons of caprolactam at its Leuna site. The facility’s capacity has reached 176,000 metric tons per year, supported by efficiency improvements that have cut energy use in medium-pressure steam by 30% and low-pressure steam by 40%. Sustainability is a core strategy, with DOMO Beyond initiatives targeting a 15% reduction in carbon intensity and a 7% reduction in waste by 2030.
Which regional trends are influencing the caprolactam market, and which area dominates the industry?
The countries covered in the caprolactam market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Caprolactam Market Report 2025 Offer?
The caprolactam market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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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