Caprolactam Market Regional Analysis

The Asia Pacific region is dominating the caprolactam market with the largest share. The growth in the market was due to the rapid industrialization along with the increase in demand for caprolactam from automotive, construction, and other sectors. Growth of industry, especially in India and China with numerous automotive and appliance manufacturing plants coming up is anticipated to act as a positive factor for industry growth over the future. Moreover, the rising disposable incomes are expected to raise the requirement for passenger vehicles in India and China, which is projected to fuel the demand for caprolactam by-products. These factors are increasing the growth of the market in the region.

The caprolactam industry in North America is expected to grow at the fastest rate during the forecast period. Rise in number of key manufacturing companies and increasing use of caprolactam for production of nylon 6 is propelling the market growth in North America region. Bolstered by a rapidly expanding automotive sector in the region, caprolactam remains in high demand for the manufacture of different components on vehicles such as engine parts and interior vehicle components. Additionally, the increase of caprolactam use in the textile industry owing to its unrivaled strength and durable properties is propelling in turn growth for this market across the region. Increasing application of caprolactam in the production of high-grade textiles for use in automotive interiors and seat covers in the U.S. Moreover, raise in sustainable nylon 6 consumption as end-product has also contributed in the domestic caprolactam industry growth.