Global caprolactam market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period (2024-2031). The increasing demand for caprolactam from growing textile industry is a key factor driving the growth of the global caprolactam market.
Carpet fiber made from nylon 6 resin is durable, resilient, and colorfast. Nylon 6 offers a great range of colors and design options to carpet manufacturers. Furthermore, carpets made from nylon 6 are resistant to abrasion, wear and tear, and crushing and matting while granting long-lasting performance to the end product. Nylon 6 is the most durable and versatile fiber used to manufacture carpets. In the global textile industry, chemical fiber accounts for the major share accounting for more than 77.0% of the total production volume of textile fiber in the year 2021.
As per the IndustrievereinigungChemiefaser (German Chemical Fiber Industry Association) in the year 2021, the total global production volume for chemical fibres was 88.2 million metric tons, registering an increase of around 9.0% as compared to the year 2020. Furthermore, the global production of synthetic chemical fibers (nylon 6, polyamide, etc) increased by 9.2% in the year 2021 and reached 80.9 million metric tons. The textile industries of European countries such as Germany, Spain, France, Italy, and Portugal are valued at around one-fifth of the global textile industry registering a value of around $160.0 billion. Owing to its properties the demand for nylon 6 from the textile and carpet industry is observing a continuous increase and is likely to favour the market studied over the forecast period.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Raw Materials
- By Product
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes BASF SE, China Petrochemical Development Corp., Fibrant, and UBE Corp., among others.
Caprolactam Market Report Segment
By Raw Material
- Phenol
- Cyclohexane
- Toluene
By Product
- Nylon 6 Resins
- Nylon 6 Fibers
By Application
- Engineering Resins and Films
- Industrial Yarns
- Textiles and Carpets
- Others
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Caprolactam Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AdvanSix Inc.
- Alpek S.A.B. de CV
- Capro Co.
- China Petroleum & Chemical Corp (Sinopec)
- Domo Chemicals
- Fertilisers And Chemicals Travancore Ltd (FACT)
- Fujian Jinjiang Petrochemical
- GrupaAzot
- Gujarat State Fertilizers & Chemicals Ltd
- Highsun Group
- Juhua Group Corp.
- Lanxess
- Luxi Chemical Group Co. Ltd.
- PJSC Kuibyshevazot
- Shandong Haili Chemical Industry Co. Ltd
- Spolana Sumitomo Chemical Co. Ltd.
- Sumitomo Chemical Co. Ltd
- The Aquafil Group
- Toray Industries Inc.
- Xuyang Group
- Zhejiang Hengyi Group Co. Ltd
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