Caprolactam is produced by the synthesis of cyclohexane or phenol. Caprolactam is a synthetic chemical that can be synthesized to fit in a broad range of applications. They are commercially available as nylon 6 fiber and nylon 6 resin. Based on physical and chemical properties, caprolactam can be used in different applications such as textiles, carpets, industrial yarns, fishing lines nets, etc. The revenue generated by the global caprolactam market was USD 8,662.5 million in 2012. This market is expected to reach USD 13,801.9 million by 2019 and is anticipated to grow at a CAGR of 6.9% from 2013 to 2019.
Caprolactam used for the production of nylon 6 fiber accounted for the largest share of the caprolactam market in terms of both volume and revenue. Nylon 6 fibers dominated the global market with over 66% share of total volume consumed in 2012. Nylon 6 resin is the other key product segment produced from caprolactam used in the market. The caprolactam industry exhibits high degree of forward integration as majority of caprolactam producers are also engaged in the production of its finished product nylon 6.
The chemical properties of caprolactam such as light weight and high strength make it a suitable material for the production of fibers and resins. Nylon fibers are used to produce textiles, carpets, industrial yarns, fishing lines, nets etc. Nylon 6 fibers are used extensively in tire cords. Nylon 6 offers high tensile strength, fatigue resistance, strength and durability of heavy duty vehicle tires. The growing automobile activity is expected to drive the market of industrial yarns in the next few years. Textiles made from nylon 6 fiber include non-woven fabrics and applications such as apparels, swimwear, sportswear, fashion wear etc.
Nylon 6 resin is the other important derivative of caprolactam. Nylon 6 resin is used in applications such as engineering plastics, packaging, electronics, musical instrument strings etc. Nylon 6 resins have been increasingly used in engineering applications owing to its properties such as high strength, high fatigue resistance etc. The shift towards more environment friendly and fuel efficient automobiles has encouraged the use of nylon 6 and other plastics in automobiles. Various under the hood metal components have been replaced by nylon 6 resin for weight reduction. Looking forward, the increase in demand and production of automobiles is expected to be the major market driver for nylon 6 resin and subsequently caprolactam.
Asia-Pacific and Europe were the major markets for caprolactam in 2012. With around 71% shares in total consumption, Asia-Pacific was the largest regional market for caprolactam in 2012. Leading caprolactam manufacturers have concentrated on capacity expansion in Asia Pacific to increase their production capacities. The caprolactam market witnessed significant decline in demand due to the global economic downturn during 2008 and 2009. However, the caprolactam market has witnessed steady rise in demand since 2010 due to the uptrend in end user industries following the revival of the global economy.
In the recent past, industry participants have shifted their focus on capacity expansion to increase production capacities of their respective facilities. Looking into the growth trend in the end user industries such as industrial yarn, electronics and engineering plastics, caprolactam manufacturers are focused on capacity expansion. Some of the key market participants operating in caprolactam market include DSM, BASF SE, Honeywell, Ube Industries, Capro Corporation etc.
The demand for caprolactam is mainly prompted by growing demand from engineering applications and electronics industry. Asia Pacific dominates the global market for caprolactam. This report by Transparency Market Research analyses, estimates and forecasts the caprolactam demand on a global and regional level for the six year period from 2013 to 2019, both in terms of volume and revenue.The study also provides information on restraints, drivers and opportunities along with the impact on the overall market for the forecast period. The report segments the market based on application and region and offers estimates and forecast of the caprolactam market for each segment.
The study analyses the product value chain beginning with feed stock material up to end-use. In addition it also evaluates the market based on Porter’s five forces model thatanalyses the degree of competition in the market by considering otherfactors such as the bargaining power of buyersand suppliers, threat from substitute productsand new entrants. The report includes a detailed competitive landscape of the caprolactam market including company market share analysis and the profile of key market participants.
In this study the caprolactam market is segmented based on their type, application and geography. The demand of each product type and application of caprolactam in terms of volume and revenue for each region is forecasted in this report for the period from 2013 to 2019. Inflation is not a part of pricing in this report. Prices of caprolactam vary in each region. Given that different end users use different types of products, pricing for each application varies according to region while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end application in each region. The market size of the global caprolactam market has been presented in terms of both volume as well as revenue. Market volumes are given in kilo tons and market revenue is in USD million. The market numbers are given on the basis of product type and application in the context of the global as well as regional market. Market size and forecast for each major application is also provided in the context of the global as well as regional market. The numbers provided in this report are derived on the basis of demand for caprolactam from various end user industries in different regions. Key application industries for caprolactam analyzed in this report include textiles, carpets, industrial yarn, engineering plastic, packaging, electronics and others. The Others application segment of caprolactam includes small end users such as fishing lines, fishing nets, composites, lysine synthesis, strings of musical instruments and medical which cannot be quantified individually. The numbers provided in this report have been derived on the basis of demand for caprolactam from various end user industries in different regions. All the prices have been considered as FOB prices. All market revenue has been calculated on the basis of sales and consumption trends
The caprolactam market is segmented based on product types as nylon 6 fiber and nylon 6 resin; based on end-use of nylon 6 fiber astextiles, carpets, industrial yarns and others; the end use of nylon 6 resin is segmented as engineering plastics, packaging, electronics and others; and based on geography into North America, Europe, Asia Pacific and Rest of the World. The demand of each product type and end use of caprolactam in terms of both revenue and consumption for each of these regions is forecasted in this report for the period 2013 to 2019.
Some of the leading manufacturers profiled in this report include, BASF SE, Honeywell, Ube Industries, and Capro Corporation among others. These companies are profiled in detail covering features such as company overview, financial overview, business strategies, SWOT analysis, and recent developments.
Caprolactam Market - Product Segment Analysis
- Nylon 6 fiber
- Nylon 6 resin
Caprolactam Market - Application Segment Analysis
- Nylon 6 fiber
- Industrial yarns
- Others (fishing lines, fishing nets, bristles, surgical suture, etc.)
Nylon 6 resin
- Engineering plastic
- Others (musical strings, composites, lysine synthesis, etc.)
Caprolactam Market – Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)