Chemicals

Caprolactam Global Market Anticipated to Attain $21.57 Billion By 2028 at a of CAGR 6.8% | BASF SE, Rhodia S.A., AdvanSix Inc., Vtg Tanktainer Inc., SGL Carbon SE

Overview and Scope
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.

Sizing and Forecast
The caprolactam market size has grown strongly in recent years. It will grow from $15.61 billion in 2023 to $16.61 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%.  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 $21.57 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.  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.

Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/caprolactam-global-market-report

Segmentation & Regional Insights
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

Asia-Pacific was the largest region in the caprolactam market in 2023. North America was the second-largest region in the caprolactam market share. The regions covered in the caprolactam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7689&type=smp

Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the caprolactam market report are 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., Vtg Tanktainer Inc., Brueggemann Chemical Inc., SGL Carbon SE , Shandong Xinlong Group Co. Ltd., Leschaco Inc., The Aquafil Group, 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.

The caprolactam market report table of contents includes:

1. Executive Summary

  1. Caprolactam Market Characteristics
  2. Caprolactam Product
  3. Caprolactam Market Trends And Strategies
  4. Caprolactam Market – Macro Economic Scenario

…..

  1. Caprolactam Market Other Major And Innovative Companies
  2. Global Caprolactam Market Competitive Benchmarking
  3. Global Caprolactam Market Competitive Dashboard
  4. Key Mergers And Acquisitions In The Caprolactam Market
  5. Caprolactam Market Future Outlook and Potential Analysis
  6. Appendix

Explore the trending research reports from TBRC:
https://topprnews.com/gluten-feed-market

https://topprnews.com/organic-feed-market

https://topprnews.com/organic-pigments-market

https://goodprnews.com/rapeseed-oil-market

https://goodprnews.com/gluten-feed-market

https://goodprnews.com/manufactured-soil-market

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info

Healthcare Blog: https://healthcareresearchreports.com

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Starter Credit Cards Market Demand, Size, Share, Trends And Forecast 2024-2033

The starter credit cards global market report 2024 from The Business Research Company provides comprehensive…

1 day ago

School Bus Market Key Major Players, Growth, Overview 2033

The school bus global market report 2024 from The Business Research Company provides comprehensive market…

1 day ago

Polyethylene Terephthalate (PET) Cups Market Size, Industry Share, Analysis And Forecast 2024-2033

The polyethylene terephthalate (pet) cups global market report 2024 from The Business Research Company provides…

1 day ago

Organic Pet Food Market Size, In-Depth Analysis And Demand Factors 2033

The organic pet food global market report 2024 from The Business Research Company provides comprehensive…

1 day ago

Octadecanedioic Acid Market Forecast, Share, Size Overview By 2033

The octadecanedioic acid global market report 2024 from The Business Research Company provides comprehensive market…

1 day ago

Mobile Enterprise Application Market Share, Demand, Industry Report To 2033

The mobile enterprise application global market report 2024 from The Business Research Company provides comprehensive…

1 day ago