The study on the Caprolactam Market published by Stratview Research is an all-inclusive analysis of the key factors that are likely to determine the growth of the market in the upcoming years. The study dives deep to analyse detailed parameters that are expected to influence the global scenario of the Caprolactam Market during the forecast period of (2022-2028).

This newly published and insightful report sheds light on the market insights of Caprolactam Market key dynamics, their impact on the overall value chain from suppliers to end-users, current trends, growth opportunities, restraints, and market drivers that are projected to influence the overall dynamics of the market.

Market Insights

The caprolactam market was estimated at USD 12.51 billion in 2021 and is likely to grow at a CAGR of 5% during 2022-2028 to reach USD 17.73 billion in 2028.

What is caprolactam?

Caprolactam is an organic compound, which is used as an intermediate in nylon manufacture. It is a colorless solid and comes from the lactam of caproic acid. It is mildly toxic in nature and is used with fibers for various items.

Caprolactam is used in different applications such as automotive, film & coating, electrical & electronics, consumer goods, appliances, wire & cable, textile, carpet, machinery, and many other industrial items.   

Key Players

Some of the key players in the market are-

• BASF SE
• China Petrochemical Development Corporation (Cpdc)
• China Petroleum & Chemical Corporation (Sinopec Limited)
• Honeywell International Inc.
• Kuibyshevazot Ojsc
• Lanxess Ag
• Royal Dsm N.V.
• Sumitomo Chemical Company Limited
• Shandong Haili Chemical Industry Co. Ltd.
• UBE Industries

Caprolactam Market Segmentation

The report indicates the region and segment that is expected to witness the fastest growth in the coming years. The market experts have segmented the Caprolactam Market in certain ways -

Based on the application type, the market is segmented as textile, industrial, carpet, automotive, film & coating, machinery, electrical & electronics, consumer goods, appliances, wire & cable, and others. The automotive application segment accounted for almost 29.6% share of the overall industry demand in 2021. In contrast, the consumer goods and appliance segments were the fastest-growing segments, owing to their high penetration in all regions. The segment's growth is attributed to stringent government directives, rising emphasis on salubrious air and water, and the necessity to better the standard of processing and engineering end-products.

In terms of regions, presently, Asia-Pacific is the largest consumer of caprolactam and is estimated to lead the market during the forecast period. China and Japan are the growth engines of the region and accounted for the largest share of the regional volumetric consumption in 2021. The market volume is relatively low in the RoW region and is expected to register a low growth of 2.9% during the forecast period. North America and Europe are also likely to offer substantial growth opportunities in the coming five years.

Essential Takeaways from the Caprolactam Market Report

Stratview Research records all major product launches, emerging trends, and mergers& acquisitions over the last few years. It also analyzes existing market players to determine how well they are aligned with customer expectations. Below given pointers are some of the takeaways from the Caprolactam Market Report-

• Recent developments and key strategies adopted by market players.
• Impact of the various factors on the value chain of the Automotive Cabin Air Filter Market Insights.
• Growth opportunities for emerging market players in various regional markets.

Why Choose Stratview Research

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• Tailor-made reports available without additional costs.
• Analysis of markets in over 150 countries.
• Both primary interview results and authentic secondary data sources are used to identify critical client requirements.
• Report Customization Options - With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our respectable clients:
  • Company Profiling -Detailed profiling of additional market players (up to three players)
  • Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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