Caprolactam Market Size, Share, Development, Growth and Demand Forecast to 2023

The use of caprolactam in nylon 6 resin production employed in engineering plastics and electronic applications is anticipated to experience major growth in the market over the next few years. The tire cables made from nylon 6 fiber offer superior wear resistance and high strength characteristics due to which demand for the Caprolactam market is estimated to rise in the forecast period.
Caprolactam is used to produce nylon 6 fibers and resins that are used widely in various applications. Owing to the superior chemical as well as physical characteristics of caprolactam such as light weight and high tensile strength, nylon 6 fibers have become materials of choice in various textile and carpets application.
Upcoming investments and expansions is a major trend in the caprolactam market. Caprolactam is increasingly replacing metals in automotive applications such as air intake manifolds in nylon 6 resin. Hence, in terms of research and development, the manufacturing associations, companies and end-product manufacturers impart high investments for future expansions and technology modifications of caprolactam.
Unstable raw material prices and concentration of demand of caprolactam in few countries are the key challenges for caprolactam market. Asia-Pacific holds the leading caprolactam capacity, with Europe and North America also having large volumes of caprolactam. Country-wise, China, the U.S, Belgium, Taiwan and Russia have the largest capacities.
DSM, Honeywell, Ube Industries, BASF SE and Capro Corporation are some of the major competitors in the caprolactam market. Other competitors in the global caprolactam market are China Petrochemical Development Corporation, Azot Cherkassy, Braskem, Domo Caproleuna GmbH, DSM, GSFC Ltd , Shandong Haili Chemical Industry Co. Ltd., Sumitomo Chemical, Lanxess, DSM, Toray Industries, Univex Corp. and many more.

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