Dublin, April 30, 2019 (GLOBE NEWSWIRE) -- The "Caprolactam Market by Application (Nylon 6 Fibers (Textile, Industrial, Carpet Filament, Staple Fiber), Nylon 6 Engineering Plastics (Automotive, Electrical & Electronics, Industrial & Machinery, Wire & Cable), Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The caprolactam market size is expected to grow from USD 13.1 billion in 2018 to USD 15.6 billion by 2023, at a CAGR of 3.6% during the forecast period.

The caprolactam market is driven by the need for lightweight vehicles, the growth of films and coatings applications, and the growth of emerging economies. However, moisture absorption resulting in degradation of properties is the major restraining factor for the market.

Most of the caprolactam produced is used in the production of nylon fibers for textile, carpet and industrial yarns, and the remaining is used in engineering resins and films. The fibers can also be recycled back to caprolactam. The polyamide made from caprolactam is a high-performance plastic and is widely replacing metal-based applications due to its properties such as impact, high temperature, and abrasion resistance; excellent balance of strength, and resistance to bases. It is a multi-characteristic nylon for industries such as automotive, consumer goods, electrical & electronics, energy, textile, films & coatings, and packaging.

The caprolactam market size was USD 11.85 billion in 2017 and is projected to reach USD 15.6 billion by 2023, at a CAGR of 3.6% between 2018 and 2023. The growth of this market is attributed to the continued growth in the automotive industry, as it is one of the largest consumers of caprolactam, among other industries, especially in the APAC region. The rise in the demand for lightweight automotive and consumer goods produced from polyamide 6 is the prime factor responsible for the market growth.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Caprolactam Market
4.2 Caprolactam Market, By Application
4.3 Caprolactam Market, Developed vs. Developing Countries
4.4 APAC Caprolactam Market
4.5 Caprolactam Market Attractiveness

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for Lightweight Automotive Vehicles
5.2.1.2 Growth of Films and Coatings Applications
5.2.1.3 Growth of Emerging Economies
5.2.2 Restraints
5.2.2.1 Moisture Absorption Resulting in Degradation of Properties
5.2.3 Opportunities
5.2.3.1 Development of Bio-Based Caprolactam in Regions With Strict Regulations
5.2.4 Challenges
5.2.4.1 Volatile Raw Material Prices
5.2.4.2 Strict Regulations in China
5.3 Porter's Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry

6 Trade Data Analysis
6.1 Caprolactam Import Data
6.2 Caprolactam Export Data

7 Manufacturing Process for Caprolactam
7.1 Market Evolution
7.2 Raw Material Analysis
7.2.1 Phenol
7.2.2 Cyclohexane
7.2.3 Cyclohexene
7.2.4 Cyclohexanone
7.2.5 Hydroxylamine Sulfate
7.2.6 Caprolactam
7.3 Price Analysis

8 Caprolactam Market, By Application
8.1 Introduction
8.2 Films
8.2.1 Excellent Properties of Polyamide 6 Films are Driving the Caprolactam Market in This Segment
8.2.2 Food Packaging
8.2.2.1 Polyamide 6 Films are Used for the Packaging of A Wide Range of Food Items Due to their Outstanding Properties
8.2.3 Pharmaceutical Packaging
8.2.3.1 Growing Healthcare Awareness and Rise in Income Levels are Contributing to the Growth of the Market in the Pharmaceutical Packaging Segment
8.2.4 Agricultural Packaging
8.2.4.1 Increasing Demand From the Middle East & Africa is Expected to Drive the Agricultural Films Market
8.2.5 Others (Electronic Products)
8.3 Nylon 6 Fibers
8.3.1 Polyamide 6 Fiber's Outstanding Durability and Physical Properties are Helping the Growth of This Segment
8.3.2 Textile Filament
8.3.2.1 an Array of Applications of Polyamide Fibers in the Textile Industry is Driving the Market in This Segment
8.3.3 Industrial Filament
8.3.3.1 The Market in the Industrial Filament Segment is Spurred By Demand From the Automotive Industry
8.3.4 Carpet Filament
8.3.4.1 Demand for Carpet Filament is Majorly From North America and Europe
8.3.5 Staple Fiber
8.3.5.1 Europe and APAC are Likely to Be Promising Markets in the Staple Fiber Segment
8.4 Nylon 6 Engineering Plastics
8.4.1 Nylon 6 Engineering Plastics are Used in A Wide Range of End-Use Industries Due to their Versatility
8.4.2 Automotive
8.4.2.1 Rising Demand for Lightweight and Fuel-Efficient Vehicles is the Main Driver for the Market
8.4.3 Electrical & Electronics
8.4.3.1 Diverse Usage of Nylon 6 Engineering Plastics in the Electrical & Electronics Segment is Likely to Boost Its Demand
8.4.4 Industrial/Machinery
8.4.4.1 Abrasion Resistance, Dimensional Stability, and Reverse Bending Properties are Expected to Drive the Demand in the Industrial/Machinery Segment
8.4.5 Consumer Goods
8.4.5.1 Use of Nylon 6 Engineering Plastics in the Form of Products and Coatings in the Consumer Goods Industry is Increasing Its Demand
8.4.6 Wire & Cable
8.4.6.1 Growing It and Communication Industries are Likely to Boost the Demand for Wire & Cable Application
8.4.7 Others
8.5 Others

9 Caprolactam Market, By Region

10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping
10.2.1 Terminology/Nomenclature
10.2.1.1 Visionary Leaders
10.2.1.2 Innovators
10.2.1.3 Emerging Companies
10.2.1.4 Dynamic Differentiators
10.3 Capacity Analysis
10.4 Competitive Scenario
10.4.1 Investment & Expansion
10.4.2 Contract & Agreement, Partnership & Collaboration
10.4.3 Merger & Acquisition

11 Company Profiles
11.1 Business Overview
11.2 Products Offered
11.3 SWOT Analysis

• Advansix Inc.
• Alpek S.A.B. De C.V.
• BASF SE
• Capro Co.
• China Petrochemical Development Corporation
• China Petroleum and Chemical Corporation (Sinopec)
• Domo Chemicals
• Grupa Azoty
• Gujarat State Fertilizers & Chemicals Limited
• Highsun Group
• Lanxess Ag
• Luxi Chemical Group Co., Ltd.
• Pjsc Kuibyshevazot
• Spolana
• Sumitomo Chemical Co., Ltd.
• The Aquafil Group
• Toray Industries, Inc.
• UBE Industries, Ltd.
• Zhejiang Hengyi Group Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/8l2a5t

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Related Topics: Engineering Plastics , Synthetic Textiles

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