Caprolactam, with the chemical formula C6H11NO, is an organic compound that appears as a white powder or crystal with an oily texture and a slight odor of tertiary amine compounds. It is easily soluble in water and various organic solvents. Caprolactam is an important organic chemical raw material widely used in polyamide manufacturing, rubber production, starch industry, engineering plastics and film production, as well as pharmaceutical raw materials and other fields.
Overview of Market Development
Caprolactam plays an important role in modern industry and has broad application prospects. According to our research data, the estimated revenue of the global caprolactam market in 2024 is $14.04 billion, an increase of 3.74% compared to 2023.
In the future, with the continuous improvement of production processes, new production technologies and material innovations will drive the sustained development of the market. It is expected that by 2029, the revenue scale of the global caprolactam market will increase to $17.55 billion. The CAGR for 2024-2029 is estimated to be 4.56%.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global caprolactam market is moderate. Data shows that the total revenue share of caprolactam for the top 3 companies in 2023 was 32.09%. The top 3 companies were Sinopec, Fibront, and BASF. In 2023, these three companies' revenue from the caprolactam market accounted for 12.29%, 10.00%, and 9.80% of the global market, respectively.
Global Caprolactam Market Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From an application perspective, caprolactam is a polymer monomer used to produce nylon-6 (polyamide-6), which is used to manufacture textile yarns, industrial yarns, engineering plastic fibers, and carpet fibers. Among them, the sales of caprolactam in the textile yarn sub segment account for the highest proportion, estimated to be 56.93% in 2024.
From a regional perspective, the Asia Pacific region is the global largest sales market for caprolactam. Data shows that the estimated sales volume of caprolactam in the Asia Pacific region in 2024 is 51251k tons, accounting for an estimated 70.64% of the global total sales volume; The European and North American markets are expected to rank second and third with sales proportions of 15.60% and 10.26%, respectively.
Global Caprolactam Sales Volume and Proportion by Application and Region Forecast in 2024
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Sales Volume (K Tons)
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Proportion
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Segmented by Application
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Textile Yarns
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4130.1
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56.93%
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Industrial Yarns
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786.4
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10.84%
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Engineering Plastic Fibers
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1353.7
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18.66%
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Carpet Fibers
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347.5
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4.79%
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Others
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637.0
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8.78%
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Segmented by Region
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North America
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746.7
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10.26%
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Europe
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1132.0
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15.60%
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Asia Pacific
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5125.1
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70.64%
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South America
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156.0
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2.15%
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Middle East & Africa
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95.1
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1.31%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Caprolactam Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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