Caprolactam Market to Exceed Valuation of USD 25.77 billion at a 5.80% CAGR by 2030

 

Market Definition

Caprolactum is a type of an organic compound which is used in the manufacture of nylon 6 fibre and resins. As a result of its superior elasticity, tensile strength, chemical and oil resistance and low moisture absorbency nylon 6 resin and nylon 6 fibres have augmented their demand in the textile and automotive industry. Many automakers are substituting caprolactum with nylon 6 owing to its high chemical and temperature resistance properties. They are also used in electronic and electrical equipment such as switchgears, circuit breakers, contractor, and connectors because they have low weight compared to metal tubes.

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Caprolactam Market Analysis and Size

The growing demand for bio-based caprolactam in engineering plastics application and the requirement for lightweight automotive vehicles are anticipated to enhnace the caprolactam market in the predicted years. Also, properties such as chemical & oil resistance, high strength, elasticity, abrasion resistance along low moisture absorbency of nylon fibers and resins are projected to fuel the market during the forecast period. Moreover, growing demand for plastics in the automotive, construction, electrical & electronics sectors and the increasing automotive and electronics industry are expected to boost the market growth in upcoming years.

Data Bridge Market Research analyses that the caprolactam market is expected to reach USD 25.77 billion by 2030, which is USD 16.41 billion in 2022, registering a CAGR of 5.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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https://www.databridgemarketresearch.com/reports/global-caprolactam-market


Competitive Landscape and Caprolactam Market Share Analysis

The caprolactam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to caprolactam market.


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