Caprolactam Prices Overview

Market Overview

Quarterly Update on Global Caprolactam Market
 
For the Quarter Ending September 2020
 
Asia
 
The Caprolactam supply in various Asian countries, majorly northeast Asia have declined in Q3 due to plant shutdowns and reduced run rates maintained to balance out the inventory levels. Producers were heard operating their manufacturing plants at curtailed rates, at around 75% in economies such as China & Taiwan.  Also due to the reduction in demand from the downstream nylon markets-the major demand driving segment for Caprolactam, there was a consistent pressure over the profit margins of various Capro producers. Additionally, lesser international trade was observed following weaker demand in the region pressuring prices across the Indian subcontinent to around USD 1180 per tonne in September.
 
North America
 
The Caprolactam supply in the region remained disturbed caused by disruptions in the producer’s plant operations in second and the third quarter as a combined of COVID-19 disruptions and outages caused by Hurricane Laura. Tightened supply and a sharp increase in demand for Nylon 6 fibers across the US and other regions to produce carpets, seat belts, ropes etc. kept the offers raised beyond expectations. Regional prices have shown an uptrend due to rise in the raw material Benzene which is tracing strong gains in the crude futures since the start August.
 
Europe
 

Demand for Caprolactam across the European countries revived in Q3 with better offtakes heard across the Nylon 6 consuming sectors compared to Q2. Sentiments took a leap with surge in DIY activities as people spent more on home renovations amid lockdown restrictions. Also, the market regained momentum buoyed by the sharp pick-up in the automotive industry with the demand still longing to reach to pre-COVID levels.  

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Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

Pricing Analysis

Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.

Company Profile

Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Caprolactam manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
 
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Caprolactam market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
 
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
 
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Caprolactam market.
 
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.
 

Finally, region-specific markets for Caprolactam are analyzed and region-wise demand pattern is tracked.

About

Caprolactam is a colorless organic compound which is highly water-soluble and possesses unique and unpleasant odor. However, long exposure of Caprolactam can cause skin irritation, burning of the eyes, nose, and throat in humans. Caprolactam is a chemical intermediate, widely used in production of nylon 6 fibres and resins. The application of Caprolactam in the production of nylon fibres for textile, carpet and industrial yarns holds a majority share of nearly 68% in the global demand as of 2019, with the remaining share held by the engineering resins and films. The key raw material required for manufacturing of Caprolactam include Cyclohexanone while other feedstocks include phenol or toluene. The major application of Caprolactam include the production of synthetic fibers while other uses include brush bristles, polyurethanes crosslinking, plastics, synthetic leather, and others.