Lucintel Blog: Lucintel Forecasts Caprolactam Market to Reach $18.3 Billion by 2028

Wednesday, July 19, 2023

Lucintel Forecasts Caprolactam Market to Reach $18.3 Billion by 2028

According to the recent study the caprolactam market is projected to reach an estimated $18.3 billion by 2028 from $15.0 billion in 2023, at a CAGR of 4% from 2023 to 2028. Growth in this market is primarily driven by increasing use of caprolactam in the production of synthetic fabrics and rising demand for bio-based caprolactam in engineering plastics and films and lightweight vehicles.

A more than 150–page report is developed to understand trends, opportunities and forecast in caprolactam market by application (nylon 6 and nylon 6 resin), end use industry (textile yarn, industrial yarn, engineering plastics, carpet fiber & staple fiber, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/caprolactam-market.aspx

“Nylon 6 resin market is expected to remain the largest segment during the forecast period.”

Based on application, the caprolactam market is segmented into nylon 6 and nylon 6 resin. Lucintel forecasts that the nylon 6 resin market is expected to remain the largest segment due to its widespread use in the automotive industry for producing fan blades, gears, fittings, bearings, exterior body components, power steering fluids, and emission control canisters owing to its high tensile strength and superior elasticity.

“Within the caprolactam market, the textile yarn segment is expected to remain the largest end use industry.”

Based on end use industry the textile yarn segment is expected to witness the highest growth over the forecast period due to its growing usage in apparel and house furnishing application.

“Asia pacific will dominate the caprolactam market in near future.”

APAC will remain the largest region due to rapid industrialization and the establishment of various automotive and consumer appliance manufacturing plants in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/caprolactam-market.aspx

Major players of caprolactam market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Sumitomo Chemical, UBE Industries, DSM, Capro, and LANXESS are among the major caprolactam providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/caprolactam-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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