Caprolactam Market Updates

Caprolactam Market size was valued at USD 14.69 Billion in 2023 and is poised to grow from USD 15.21 Billion in 2024 to USD 19.38 Billion by 2032, growing at a CAGR of 3.52% during the forecast period (2025-2032).

Industry leaders are spending significant amounts on research and development to create new products, optimize existing ones, and find the best production methods that can give them an advantage. The major companies have increased their production capacity and are upgrading the existing facilities to produce more output and cater to the increasing demand while also lowering the operational cost. Key players are also broadening their geographical footprint by tapping into new markets or reinforcing existing ones. This can be done through advertisements, collaborations with regional companies, or establishing onshore offices or factories as well. Additionally, companies are also concentrating on creating natural-based products and sustainable manufacturing processes to appeal to environmentally friendly customers and meet regulatory standards. 'Advansix Inc. ', 'Alpek S.A.B. de C.V. ', 'BASF SE ', 'Capro Co. ', 'China Petrochemical Development Corporation ', 'China Petroleum & Chemical Corporation (Sinopec) ', 'DOMO Chemicals ', 'Fibrant ', 'Fujian Jinjiang Petrochemical ', 'Juhua Group Corporation ', 'Lanxess AG ', 'PJSC KuibyshevAzot ', 'Shandong Haili Chemical Industry Co., Ltd. ', 'Sumitomo Chemical Co., Ltd. ', 'Toray Industries, Inc. ', 'UBE Corporation ', 'Xuyang Group ', 'Aquafil S.p.A. ', 'Fertilisers and Chemicals Travancore Limited (FACT) ', 'Valco Group '

Nylon fabric of industrial yarn is being increasingly used for making rope, cable, conveyor belts, drapery clothes and mechanized rubber goods. Substituting the demand for nylon fabrics by favorable properties such as high tensile strength, scrub resistance, elasticity and heat resistance are expected to have a positive effect on caprolactam market over the forecast period.

Rising Application in the Medical Sector: The growth surface of caprolactam is expanding consistently due to never-ending advancements in medical applications. Considered a medical-grade nylon, polymers based on caprolactam are the most utilized in healthcare for making components of some medical devices and surgical instruments. Caprolactam-based materials are used in the manufacture of several essential medical device components such as catheters, surgical sutures, and implants. Such ability to endure harsh sterilization methods without damaging the properties of these materials are critical for patient health and safety.

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.