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  • Caprolactam Market Growth & Forecast Analysis | 2022-2028

    Caprolactam Market Growth & Forecast Analysis | 2022-2028

    Caprolactam Market Growth & Forecast Analysis | 2022-2028
    Report code - SRAM248 Delivery - 2 Weeks
    Caprolactam Market Size, Share, Trends, Dynamics, Growth, & Forecast Analysis- 2022-20 See more...

    Market Insights

    The caprolactam market was estimated at USD 12.51 billion in 2021 and is likely to grow at a CAGR of 5% during 2022-2028 to reach USD 17.73 billion in 2028.


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    What is caprolactam?

    Caprolactam is a cyclic amide of 6-aminohexanoic acid, which is also known as epsilon-aminocaproic acid. It is a white crystalline solid with a slightly bitter taste and is commonly used as a monomer in the production of Nylon 6, a synthetic polymer. Caprolactam can be synthesized through the reaction of cyclohexanone with hydroxylamine to form caprolactam oxime, which is then cyclized by the action of acid catalysts. Caprolactam has numerous industrial applications, including in the production of textiles, automotive parts, carpets, and electrical and electronic components. It is also used as a precursor to other chemicals, such as adipic acid and hexamethylenediamine.

    Caprolactam Market Highlights

    Market Size in 2021

    USD 12.51 billion

    Market Size in 2028

    USD 17.73 billion

    Market Growth (2022-2028)

    5% CAGR

    Base Year of Study


    Trend Period


    Forecast Period


    Key Players

    Some of the major players in the market are-

    • BASF SE
    • China Petrochemical Development Corporation (Cpdc)
    • China Petroleum & Chemical Corporation (Sinopec Limited)
    • Honeywell International Inc.
    • Kuibyshevazot Ojsc
    • Lanxess Ag
    • Royal Dsm N.V.
    • Sumitomo Chemical Company Limited
    • Shandong Haili Chemical Industry Co. Ltd.
    • UBE Industries

    Market Dynamics

    There are several drivers of the caprolactam market, including:

    • Demand for Nylon 6: Caprolactam is a key raw material used in the production of Nylon 6, which has a wide range of applications in various industries such as automotive, textile, and packaging. The growing demand for Nylon 6, particularly in emerging economies, is driving the demand for caprolactam.
    • Growth in end-use industries: The growth in end-use industries such as automotive, construction, and electronics is also driving the demand for caprolactam. These industries use Nylon 6 in various applications, which in turn drives the demand for caprolactam.
    • Technological advancements: The development of new and improved production technologies is also driving the growth of the caprolactam market. Advanced technologies such as biotechnology and green chemistry are being used to produce caprolactam more efficiently and sustainably, which is expected to drive market growth.
    • Government regulations: Stringent government regulations regarding the use of certain chemicals in various industries are also driving the demand for caprolactam. For instance, the use of Bisphenol A (BPA) in certain applications has been banned in several countries, which has led to increased demand for caprolactam-based alternatives.
    • Shift towards sustainable products: The growing awareness about environmental issues and the shift towards sustainable products are also driving the demand for caprolactam. Caprolactam-based products such as Nylon 6 are recyclable and can be used to produce sustainable products, which is expected to drive market growth.


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    Segments Analysis

    By Application Type

    Based on the application type, the market is segmented as textile, industrial, carpet, automotive, film & coating, machinery, electrical & electronics, consumer goods, appliances, wire & cable, and others. The automotive application segment accounted for almost 29.6% share of the overall industry demand in 2021. In contrast, the consumer goods and appliance segments were the fastest-growing segments, owing to their high penetration in all regions. The segment's growth is attributed to stringent government directives, rising emphasis on salubrious air and water, and the necessity to better the standard of processing and engineering end-products.

    Regional Insights

    In terms of regions, presently, Asia-Pacific is the largest consumer of caprolactam and is estimated to lead the market during the forecast period. China and Japan are the growth engines of the region and accounted for the largest share of the regional volumetric consumption in 2021. The market volume is relatively low in the RoW region and is expected to register a low growth of 2.9% during the forecast period. North America and Europe are also likely to offer substantial growth opportunities in the coming five years.


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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Material Type

    • Engineering Plastics
    • Fibers

    By Application Type

    • Automotive
    • Film & Coating
    • Industrial
    • Electrical & Electronics
    • Consumer Goods
    • Appliances
    • Wire & Cable
    • Textile
    • Carpet
    • Machinery
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)


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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Caprolactam Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The caprolactam market was estimated at USD 12.51 billion in 2021.

    The caprolactam market is likely to reach USD 17.73 billion in 2028.

    The caprolactam market is expected to witness an impressive growth of 5% CAGR in the foreseeable future.

    BASF SE, China Petrochemical Development Corporation (Cpdc), China Petroleum & Chemical Corporation (Sinopec Limited), Honeywell International Inc., Kuibyshevazot Ojsc, Lanxess Ag, Royal Dsm N.V., Sumitomo Chemical Company Limited, Shandong Haili Chemical Industry Co. Ltd., UBE Industries are among the key players in the market.

    Asia-Pacific is the largest consumer of caprolactam and is estimated to lead the market in the next five years.

    Sturdiness, quality, lightweight properties, outstanding energy absorbing characteristics, an upsurge in the claim for durable polyamide 6, demand for recyclable caprolactam, and the forthcoming safety guidelines & pioneering techniques advanced for its usage will be the major factors driving the global market.

    Consumer Goods and Appliances is the dominant application type in the market.

    Outstanding energy-absorbing characteristics, an upsurge in the claim for durable polyamide 6, demand for recyclable caprolactam, and the forthcoming safety guidelines & pioneering techniques are the factors driving the growth of the market.


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