Caprolactam Market Scope
Caprolactam is generally used in the manufacturing of synthetic fibers. Raw materials cyclohexane and phenol are used in engineering of caprolactam are phenol and cyclohexane. Superior properties including elasticity, high strength, chemical & oil resistance, abrasion resistance, and low moisture absorbency of nylon fibers expected to boost product demand. Technological advancement in the manufacturing process of caprolactam and growing demand for plastics in the automotive, construction, and electrical & electronics sectors is anticipated to be a key driving factor for the industry.
According to AMA, the Global Caprolactam market is expected to see growth rate of 3.43%
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that Japan, China Vendors will contribute to the maximum growth of Global Caprolactam market throughout the predicted period.
AdvanSix Inc. (United States), Alpek S.A.B. de C.V. (Mexico), The Aquafil Group (Italy), BASF SE (Germany), Capro Co. (South Korea), Domo Chemicals (Germany), Grupa Azoty (Poland), Gujarat State Fertilizers & Chemicals Limited (India), Highsun Group (China), KuibyshevAzot PJSC (Russia), Lanxess AG (Germany) and Luxi Chemical Group Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Spolana (Czech Republic), Sumitomo Chemical Co., Ltd. (Japan), Toray Industries, Inc. (Japan), Ube Industries, Ltd. (Japan) and Zhejiang Hengyi Group Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Caprolactam market , by Application (Nylon 6 Fibers [Textile, Industrial, Carpet Filament, Staple Fiber] and Nylon 6 Engineering Plastics [Automotive, Electrical & Electronics, Industrial & Machinery, Wire & Cable]) and Region with country level break-up.
On the basis of geography, the market of Caprolactam has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
According to the Environmental Protection Agency (EPA), acute exposure to caprolactam may result in irritation and burning of the eyes, nose, throat, and skin in humans. Headaches, malaise, confusion, and nervous irritation have been observed in workers exposed to caprolactam by inhalation. Dermatitis, fever, and grand mal seizures were reported in a man exposed to high levels of caprolactam for 3 days, no CNS abnormalities were detected. Tests involving acute exposure of rats, mice, and rabbits have demonstrated caprolactam to have high acute toxicity from inhalation and dermal exposure and moderate acute toxicity from ingestion. EPA has not classified caprolactam for carcinogenicity.
Market Trend
- Emphasizing On Development of Bio-Based Caprolactam
- Increasing Applications in the Films and Coatings
Market Drivers
- Rising Demand for the Lightweight Automotive Vehicles
- Increasing Demand of Nylon 6 Fibers
Opportunities
- Growing Textile Industry
- Increasing Demand from the Developing Economies
Restraints
- Stringent Government Regulations Regarding Caprolactam
- Volatile Raw Material Prices
Challenges
- Exposure Cause Burning and Irritation of the Eyes, Nose, Skin, and Throat in Humans
- Lack of Awareness in the Emerging Economies
Key Target Audience
Caprolactam Providers, Raw Material Suppliers, Government Associations, Government and Research Organizations, Trade Associations and Industry Bodies, Commercial Research & Development Institutions and Others