Increasing Demand from Automotive Industry
Nylon 6 fibers are increasingly used in the automotive sector in tire cord manufacture, engine covers, gears, and bearings, owing to their intrinsic properties, such as great tensile strength, durability, and fatigue resistance. Caprolactam is increasingly replacing metals in various automotive applications, such as air intake manifolds in the nylon 6 resin. Therefore, the growing automotive sector is expected to drive the industrial yarns market, which in turn, will drive the caprolactum market.
Nylon Fibers Segment to Dominate the Market
The caprolactum market is segmented on the basis of raw materials, end-product, application, and end-user industry. Based on the end-product, Nylon 6 fibers are the major end-products and have an approximately 53% market share. Owing to the superior chemical as well as physical characteristics of caprolactam, such as lightweight and high tensile strength, nylon 6 fibers are increasingly used in various textile and carpets applications.
Asia-Pacific Showing a Positive Growth
Asia-Pacific is the largest market for caprolactum and it accounts to more than 65% of the global market, in terms of demand. This is due to a strong need from the engineering plastics and textiles industries. China is the world’s largest market for caprolactam. Asia-Pacific is expected to show a positive growth during the forecasted period due to a rise in the textile and automotive industries in the region.
March 2018: Genomatica and Aquafil have collaborated to commercialize a Genomatica process for making caprolactam derived from renewable feedstocks rather than from petroleum.
Major Players: BASF SE, China Petroleum and Chemical Corporation, Honeywell Chemical Intermediates, and Sumitomo Chemical Company, among others.
Reason to Purchase this Report
- To understand the impact of various end-product on the market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating application and end-user industry in the market
- To identify the countries that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Feedstock Analysis
3.3.1 Global Capacity by Key Feedstock
3.4 Technological Snapshot
3.4.1 Production Process
3.4.2 Technology Licensing and Patent Analysis
3.5 Trade Analysis
4. Market Dynamics
4.1.1 Increase in Demand for Nylon 6
4.1.2 Demand from the Automotive Industry Leading to an Increase in Industrial Yarns Market
4.1.3 Increased Demand from Engineering Plastics
4.2.1 Saturation in Demand from Japan
4.2.2 Price Volatility in the Raw Materials
4.3.1 Focus on Recycling the Caprolactum
4.3.2 Other opportunities
5. Market Segmentation and Analysis (Market size, Growth, and Forecast)
5.1 By Raw Material
5.2 By End-product
5.2.1 Nylon 6 Resins
5.2.2 Nylon 6 Fibers
5.3 By Application
5.3.1 Engineering Resins & Films
5.3.2 Industrial Yarns
5.3.3 Textiles & Carpets
5.4 By End-user Industry
5.4.1 Automotive Industry
5.4.2 Carpet Industry
5.4.3 Textile Industry
6. Regional Market Analysis (Market size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & services and Recent Developments)
8.1 BASF SE
8.2 Capro Corp.
8.3 China National Petroleum Corp.
8.4 China Petroleum & Chemical Corp.
8.5 DOMO Caproleuna GmbH
8.6 Fertilizers & Chemicals Travancore Ltd
8.7 Gujarat State Fertilizers & Chemicals Ltd
8.8 Honeywell Chemical Intermediates
8.9 IRPC Public Company Ltd
8.10 Juhua Group Corp.
8.11 Lanxess AG
8.12 Marubeni Corp.
8.13 Ojsc Kuibyshevazot
8.14 Royal DSM NV
8.15 Sumitomo Chemical Co. Ltd
8.16 Toray Industries, Inc.
8.17 UBE Industry Group
*List not exhaustive
**Subject to availability of public domain
- BASF SE
- Capro Corp.
- China National Petroleum Corp.
- China Petroleum & Chemical Corp.
- DOMO Caproleuna GmbH
- Fertilizers & Chemicals Travancore Ltd.
- Gujarat State Fertilizers & Chemicals Ltd.
- Honeywell Chemical Intermediates
- IRPC Public Company Ltd.
- Juhua Group Corp.
- Lanxess AG
- Marubeni Corp.
- Ojsc Kuibyshevazot
- Royal DSM N.V.
- Sumitomo Chemical Co. Ltd.
- Toray Industries Inc.
- UBE Industry Group