Caprolactam Market Size, Share, Application, Segment, Analysis, Regional Outlook, Growth Strategies and Forecasts, 2020–2026

The Global Caprolactam Market is valued to reach USD 15.6 billion by 2023, growing at CAGR of 4.8% over the forecast period 2020–2026. Growing demand for plastics in the construction, electrical & electronics and automotive sectors coupled with rising need for nylon 6 resins and fibers are the factors augmenting the market growth.

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Caprolactam is a cyclic amide of caproic acid which is a colorless organic compound pertaining to Nylon 6. Nylon 6 and Nylon 66 are important polyamides and find major applications in woven and non-woven industries. Caprolactam is a monomer for Nylon-6. Nylon 66 is a monomer for Nylon-66 itself is made from adipic acid and hexamethylene diamine. Nylons are exceptionally strong, abrasive, resistant, lustrous, elastic and easy to wash. It provides resistant to damage from oil and many other aggressive chemicals. Commercial production of caprolactam comprises production of cyclohexane oxime on reaction with cyclohexane with hydroxylamine sulphate in a multi-compartment reactor. In this process, ammonium sulphate gets formed as a by-product. Caprolactam and aqueous solution is then extracted by using toluene as a solvent. Ammonium sulphate is then accumulated via an extractor and then purified, crystallized, centrifuged and dried.

In the production process of Nylon-6, caprolactam is polymerized to nylon 6 polymer by ring opening polymerization at 240o-270oC in presence of water which then opens the ring structure of caprolactam to exhibit caproic acid. Nylon-6 is further used for automobile accessories and upholstery. Overall, the global caprolactam industry is expected to witness a high CAGR in the forecast period owing to the market dynamics, trends, driving factors and forecasts.

Caprolactam Market Trends, Drivers and Opportunities:

The caprolactam industry is driven by factors such as rise in demand for nylon 6 in automobile, consumer goods, electronics and appliances. Additionally, consumer demand and consumer consumption equally propel the market growth in the forecast period. Caprolactam is extensively used for applications in the production of Nylon 6 while the market share for nylon 6 has grown by a high percentage in the recent years. Moreover, nylon 6 offers significant properties and is used in a wide range of applications such as automotive, textile and electrical industries. Synthetic fibers are manufactured using caprolactam and a short-term exposure to caprolactam results in irritation of eyes, throat, nose and skin. Moreover, malaise, headaches and confusion is experienced on prolonged exposure. Although the side-effects, EPA has not classified caprolactam to be highly carcinogenic.