DUBLIN, July 14, 2021– (COMMERCIAL THREAD)–The “Caprolactam Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026” report was added to ResearchAndMarkets.com offer.

Global Caprolactam Market Expected to Show Moderate Growth Over the Period 2021-2026

Caprolactam (C6H11NO) is synthesized by combining cyclohexane, phenol and toluene and is commonly used for the manufacture of high performance nylon textiles, carpets, industrial yarns, engineering resins and films. It is also used for the manufacture of brush hairs, film coatings, synthetic leather, plastics, plasticizers and lysine.

Caprolactam exhibits high strength, elasticity and resistance to chemicals, oils and abrasion. It can also be combined with spandex fibers to add stretchable properties to nylon, which is used for making casual and fashion clothing, swimwear, sportswear and hosiery.

The significant growth of the automotive and textile industries is one of the key factors for the growth of the market. Due to the growing demand for lightweight automobiles, heavy metal components are rapidly being replaced by lightweight caprolactam components to manufacture airbags, doors, windows, tire cables, equipment and under the hood components.

In addition to this, the rapid industrialization across the world is also driving the growth of the market. Caprolactam is widely used in the manufacture of fishing nets, tarpaulins and packaging materials with high mechanical, optical and low permeability properties. Various product innovations including the development of bio-based caprolactam and product variants with minimal traces of toxic ammonium sulfate further create positive prospects for market growth.

Other factors, including extensive research and development (R&D) activities aimed at improving product profitability, as well as rapid industrialization and growing consumer spending capabilities, are expected to drive the market in the coming years.

The story continues

Competitive landscape:

The competitive landscape of the industry was also examined, with some of the major players being

• Advansix inc.

• Alpek SAB de CV

• BASF SE

• Capro Corporation

• Chinese petrochemical development company

• China Oil

• Chemical company (Sinopec)

• DOMO Caproleuna GmbH

• Gujarat State Fertilizer

• Chemical products

• Koninklijke DSM NV

• Lanxess AG

• Sumitomo Chemical Co. Ltd.

• Toray Industries Inc.

• UBE Industries Ltd.

Breakdown by source:

• Cyclohexane

• Phenol

• Toluene

• Other

Breakdown by final product:

• Nylon 6 fibers

• Nylon 6 Resins

• Other

Breakdown by application:

Breakdown by region:

• North America

• United States

• Canada

• Asia Pacific

• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Europe

• Germany

• France

• UK

• Italy

• Spain

• Russia

• Latin America

• Brazil

• Mexico

• Middle East and Africa

Imports and exports:

• Import trends

• Export trends

For more information on this report, visit https://www.researchandmarkets.com/r/k0rgym

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210714005515/en/

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