Caprolactam Market - Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Sales Channel, Region, Competition, Trade, Market Analysis, 2015-2030

Format: Online | Last Updated: Aug 2020

 

[Online Quarterly Update]Caprolactam witnessed a commendable demand in 2019 and is projected to achieve an impressive CAGR of 6.85% during the forecast period. Caprolactam is a solid and colorless organic compound which is soluble in water and other oxygenated and chlorinated solvents. Profound properties like high tensile strength, elasticity and abrasion resistance makes it a preferred choice for textile industry. In addition, offered chemical and oil resistance followed by low moisture absorbency has made it highly popular as an engineering plastic in automotive, construction and electrical and electronic industry. Moreover, the compound is highly demanded as a as a chemical intermediate for chemical and as a monomer for polymer industry. As more than 90 per cent of total consumption of Caprolactam is utilized for making Nylon 6, its consumption is primarily dependent on the market fundamentals of textile industry across the globe. Consequently, demand for Caprolactam is anticipated to propel at a quintessential rate on consistent growth in textile industry coupled with rising demand from automotive and construction industries for manufacturing material components in the forecast period.
 
Caprolactam demand as an engineering plastic has been hard hit on slowdown in automotive sector in countries like India and Korea in the Asia Pacific region. Although the stagnancy in the market sentiments of automotive industry is likely to recover in the next five years, the present loophole is anticipated to cause a direct effect in the profit bearing of Caprolactam till 2021. Despite the downturn in demand from automotive industry, Caprolactam consumption from textile industry has kept its market value soaring due to its consistent growth in past few years.
 
Caprolactam is primarily produced by utilizing Cyclohexane, Ammonia and Phenol as feedstocks. As production of Caprolactam consecutively produces Ammonium Sulphate, a highly hazardous compound as a byproduct, companies are innovating different processes to minimalize its production. Thus, several initiatives are being taken to produce Caprolactam from green technology by utilizing titanium silicate and Amorphous Nickel catalyst as integrated ingredients. Leading global manufacturers involved in the manufacturing of Caprolactam include Sumito Corporation Limited, Toray Industries, Honeywell, Ube Industries and several others. FACT (Fertilizers and Chemicals Travancore), a public sector unit in India, has planned the resumption of Caprolactam capacity by the second quarter of 2020, which was shut six years ago due to the material injury caused by western and Chinese manufacturers.
 
Global Caprolactam market is expected to observe substantial growth, with majority of consumption share coming from Asia Pacific (APAC) region on the back of macroeconomics factors influencing the growth of its major consuming textile industry. China has accounted over half of the consumption share of Caprolactam and is anticipated to follow the same trend in the forecast period. Europe is also likely to register a consistent increment on chemical manufacturers eyeing to expand their footprint in the downstream value chain year by year.
 
Years Considered for this Report:
 
Historical Years: 2015 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
 
Objective of the Study: 
 
• The primary objective of the study was to evaluate and forecast Caprolactam capacity, production, demand and demand – supply gap globally.
  
• To categorize Caprolactam demand based on end use, region and sales channel. 
• To study company shares in Global Caprolactam market. 
• To identify major customers of Caprolactam globally.
• To evaluate and forecast Caprolactam pricing in Global Caprolactam market.
• To identify and profile major companies operating in Global Caprolactam market.
• To identify major news, deals and expansion plans in Global Caprolactam market.
 
 
 
China consolidates maximum production as well as consumption share of Caprolactam around the globe. Major players operating in the Global Caprolactam market include Sinopec Shijiazhuag Refining and Petrochemical Company, China Petrochemical Development Corporation (CPDC), Shangdong Haili Chemical Industry Co. Ltd, Fibrant, Ube Industries, Toray Industries, Sumitomo Chemical Corporations, Honeywell International Corporation, Lanxess AG ,Royal DSM N.V., etc.
 
Prices of Caprolactam witnessed a notable upsurge in 2019 due its soaring demand from textile industry followed by affordable prices of feedstock. Affordable feedstock prices backed by rich demand outlook has caused Caprolactam CFR China price to settle between USD XX/MT to USD XX/MT. Similarly, Caprolactam prices in Europe and the America have followed similar trajectory and witnessed appreciable gains throughout the years.
 
To extract data for Global Caprolactam market, primary research surveys were conducted with Caprolactam manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Caprolactam market over the coming years. 
 
ChemAnalyst calculated Caprolactam global demand by analyzing the historical data and demand forecast was carried out considering feedstock Cyclohexane prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
• Caprolactam manufacturers and other stakeholders
• Organizations, forums and alliances related to Caprolactam distribution
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Caprolactam manufacturers, distributors, importers and end users. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
 
Report Scope:
 
In this report, the Global Caprolactam market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Market, by End-use
Textile, Automotive, Electrical and Electronics and Others
Market, by Sales Channel
Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region
North America, APAC, Europe, MEA, South America
 
Market, by Region
 
North America
United States, Mexico, Canada
APAC
China, India, Japan, South Korea, Singapore, Indonesia, Thailand
Europe
Germany, Russia, France, United Kingdom, Spain, Italy
MEA
Saudi Arabia, UAE, South Africa
South America
Brazil, Argentina, Chile

 

Competitive Landscape
 
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial performance, growth strategies, expansion plans, SWOT analysis etc.to give a comprehensive and meaningful insights on the Global Caprolactam market.
 
Available Customizations:
 
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. 
 
In case you can’t find what, you are looking for then please get in touch with our custom research team at sales@chemanalyst.com

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