Caprolactam Market Size, Share & Trend Report

Caprolactam Market Size, Share & Trend Analysis Report By Application (Nylon 6 Fibers, Nylon 6 Resins), By End-use (Textile Yarn, Industrial Yarn, Engineering Plastics), And Segment Forecasts, 2012 - 2022

  • Published Date: Apr, 2018
  • Base Year for Estimate: 2016
  • Report ID: 978-1-68038-498-7
  • Format: Electronic (PDF)
  • Historical Data: 2014-2016
  • Number of Pages: 101

Industry Insights

The global caprolactam market size was valued at USD 11.55 billion in 2016 and is expected to grow at a CAGR of 5.2% over the forecast period. Rising demand for plastics in the construction, automotive, and electrical & electronics sectors is expected to be a key driver for the industry over the forecast years.

U.S. caprolactam market

Superior properties including high strength, elasticity, abrasion resistance, chemical & oil resistance, along with low moisture absorbency of nylon fibers and resins is expected to propel product demand. The growing textile industry, particularly in Asia Pacific, coupled with upcoming automobile sector, is expected to fuel product demand over the forecast years.

Raw materials such cyclohexane, ammonia and phenol are used in manufacturing of caprolactam. Raw material production is concentrated in the U.S. and China owing to the presence of numerous oil refineries in the countries. Caprolactam is used in various end-use industries including as textile yarn, industrial yarn, engineering plastics, carpet fibers and staple fibers. Majority manufacturers of caprolactam are integrated across different stages of the value chain as the demand of the product is largely dependent on the need for nylon 6 fibers and resins in various end-use applications. 90% of caprolactam manufactured is used for the manufacturing of nylon 6.

Technological innovations aimed at improving the manufacturing process of caprolactam, in order to minimize the production of ammonium sulfate as it is hazardous to the environment, is expected to have a positive impact on the product demand. Increasing demand for engineering plastics and films in manufacturing various automotive parts including engine covers, gears, and bearings owing to their resistance to oils and greases is expected to drive product growth.

Numerous manufacturers aim to reduce the production of ammonium sulfate as it is hazardous to the environment. Caprolactam is widely used as a monomer for the production of polymers and as an intermediate for the synthesis of chemical substances or chemical intermediates. Caprolactam is registered under various agencies across the globe.

Caprolactam is used in the manufacture of nylon 6 fibers, which is further used in the production of textile fibers, industrial fibers, and carpets. Furthermore, the market is expected to witness significant growth over the forecast years on account of increasing demand for nylon 6 polymers in apparels, sportswear, swimwear, and fashion wear. However, product prices are expected to increase over the forecast period owing to highly volatile raw material prices.

Continuous R&D resulting in technological breakthroughs for cost-effective manufacturing have been key factors responsible for augmenting growth over the past few years. Rising disposable incomes, coupled with increasing penetration of players due to new product launches in China and India, is expected to promote textile industry growth. Robust textile manufacturing bases in Germany, Italy, France and the UK is expected to augment product growth over the forecast period.

Application Insights

On the basis of application, the market is segmented into Nylon 6 and Nylon 6 resins. Caprolactam produced from ammonia and sulphuric acid and a few other compounds is used in the manufacturing of nylon 6 fibers. Nylon 6 fibers are employed in various applications, including toothbrush, raincoats, sport wears, bedsheets, curtains, ropes, racket strings, threads, and sleeping bags. This is expected to drive the product growth over the forecast years.

The nylon 6 resins has gained significant share of the market over the past few years and is expected to continue this trend over the forecast period. Nylon 6 resins held a share of 55.6% of the global revenue in 2014. In the automotive industry, nylon resins are incorporated in louvres, wheel covers, and other exterior body components. In addition, it is used in the manufacturing of gears, fittings, bearings, fan blades, power steering fluids and emission control canisters. In automotive application, nylon 6 resin is widely used for designing automotive components. This is expected to have positively impact product demand over the forecast period.

End-use Insights

Textile yarn, industrial yarn, engineering plastics, carpet fibers & staple fibers are the key end users of the product. In 2014, the textile yarn segment dominated the market in global market, and held 48.3% of the overall revenue share. Textile yarn is extensively used in numerous applications including apparel and house furnishing. Increasing demand for textile yarn coupled with the use of nylon 6 fibers in bedspreads, upholstery, curtains and carpets is expected to have a positive impact on the industry over the next few years.

Global caprolactam market

Nylon fabric in industrial yarn has increasing application scope in the manufacturing of conveyor belts, packaging clothes, ropes, cables and mechanical rubber goods. Increasing nylon fabrics demand due to properties such as high tensile strength, elasticity, scrub resistance and heat resistance is expected to have positive impact on the industry over the forecast period. Increasing demand for nylon fabrics in the rapidly-growing automotive industry, particularly in Europe and Asia Pacific, is expected to have a positive impact on the market, which in turn is expected to propel product growth over the forecast years.

Regional Insights

Asia Pacific led the market in 2014, and is expected to continue its dominance over the forecast period. Rapid industrialization leading to establishment of numerous automotive and appliance manufacturing plants, particularly in India and China, is expected to have a positive impact on industry growth over the forecast years. In addition, the increasing demand for passenger cars in India and China, owing to the rise in disposable incomes is expected to further boost product demand.

In addition, increasing demand for lightweight materials in developed regions, including North America and Europe, is expected to have positive impact on the industry over the next seven years. In automotive industry, metals are replaced with engineered plastics in lightweight vehicles on account of various properties such as low moisture absorption and high mechanical strength.

Caprolactam Market Share Insights

The global caprolactam value chain consists of raw material suppliers, manufacturers, distribution channels, and application industries. The market is characterized by integration through raw material supply and through membrane manufacturing stages. The players in the market captively consume these raw materials to manufacture the product.

Companies including Ube Industries, Honeywell, and Toray Industries are engaged in manufacturing of caprolactam followed by the production of nylon 6 fibers and resins. These companies procure raw materials from suppliers and manufacture caprolactam after which they utilize the product for manufacturing of nylon 6 which is then sold to end-use industries

Some of the other key companies present in the industry include Sumitomo Chemical Co., Ltd., UBE Industries, Ltd., DSM, Capro Co., China Petrochemical Development Corporation, and LANXESS AG.

Report Scope

Attribute

Details

Base year for estimation

2014

Actual estimates/Historical data

2012 - 2014

Forecast period

2015 - 2022

Market representation

Volume in kilotons, Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage        

Revenue forecast, company share, competitive landscape, growth factors and trends

Country Scope

U.S., UK, Germany, China, India, Brazil

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Segments covered in the report

This report forecasts revenue growth at a regional & country level and provides an analysis of the industry trends in each of the sub-segments from 2012 to 2022. For the purpose of this study, Grand View Research has segmented the global caprolactam market report on the basis of application, end-use, and region:

  • Application Outlook (Volume, Kilotons; Revenue, USD Million; 2012 - 2022)

    • Nylon 6

    • Nylon 6 resins

  • End-use Outlook (Volume, Kilotons; Revenue, USD Million; 2012 - 2022)

    • Textile yarn

    • Industrial yarn

    • Engineering Plastics

    • Carpet fibers & staple fibers

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2012 - 2022)

    • North America

      • U.S

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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