The Latest Caprolactam Industry Statistics Explained
The global caprolactam market size was valued at USD 13.05 billion in 2019,
The statistic ‘The global caprolactam market size was valued at USD 13.05 billion in 2019’ signifies the total monetary value of caprolactam produced and traded worldwide in the year 2019. Caprolactam is an important chemical compound used in the manufacturing of various products such as nylon fibers and resins. The value of USD 13.05 billion indicates the economic significance and scale of the global caprolactam market, reflecting the demand for this material in industries like textiles, automotive, and packaging. This statistic serves as a key indicator of the market’s size and potential growth, providing valuable insights for businesses, policymakers, and investors operating in the caprolactam industry.
The market is projected to expand at a CAGR of 3.2% from 2020 to 2027,
This statistic indicates that the market is forecasted to experience a compound annual growth rate (CAGR) of 3.2% between the years 2020 and 2027. CAGR is a useful metric that provides a constant rate of growth over a specified period, smoothing out the fluctuations that may occur year to year. In this case, the projection suggests that the market is expected to grow steadily at an average rate of 3.2% annually over the next seven years. This information is valuable for investors, businesses, and policymakers as it provides insight into the anticipated growth trajectory of the market and can be used to inform strategic decision-making and planning for the future.
Caprolactam has over 80% usage in nylon 6 fibre and resins,
The statistic stating that Caprolactam has over 80% usage in nylon 6 fibre and resins indicates that the chemical compound is a dominant raw material in the production of nylon 6. Nylon 6 is a versatile synthetic polymer commonly used in textiles, engineering plastics, and various other industrial applications. Caprolactam serves as the primary building block in the production of nylon 6, playing a crucial role in the polymerization process to create the final product. The fact that Caprolactam accounts for over 80% of the usage in nylon 6 fiber and resins highlights its significance and widespread application in the manufacturing of this important synthetic material, reflecting its importance in the industry.
Asia-Pacific has emerged as the leading region in the consumption of caprolactam,
The statistic indicates that the Asia-Pacific region has surpassed other regions to become the primary consumer of caprolactam, which is a key chemical used in the production of nylon. This dominance in consumption suggests a high level of industrial activity, likely driven by factors such as strong economic growth, increasing urbanization, and a growing demand for synthetic materials in various industries such as textiles, automotive, and electronics. The shift in consumption patterns to the Asia-Pacific region reflects the region’s expanding role in global manufacturing and trade, positioning it as a significant player in the caprolactam market.
About 5 million tons per year of caprolactam is produced globally,
The statistic indicates that approximately 5 million tons of caprolactam are manufactured worldwide on an annual basis. Caprolactam is a key intermediate chemical used in the production of nylon, which is a versatile synthetic polymer used in various industries such as textiles, automotive, and packaging. The large quantity of caprolactam production points to the significant demand for nylon products globally. This statistic also suggests the scale of industrial processes and infrastructure required to produce and supply caprolactam, highlighting the importance of the chemical industry in meeting the demand for nylon and its derivatives on a global scale.
The caprolactam market In Asia Pacific is expected to reach over USD 9.5 billion by 2027,
The statistic that the caprolactam market in Asia Pacific is projected to reach over USD 9.5 billion by 2027 indicates a significant growth and expansion in the industry within the region. Caprolactam is a key raw material used in the production of nylon-6, which is widely used in various industries such as textiles, automotive, and electronics. The expected increase in market size highlights the growing demand for products derived from caprolactam in Asia Pacific, driven by factors such as industrial growth, increasing consumer demand, and advancements in manufacturing technologies. This statistic suggests a positive outlook for the caprolactam market in the region, with potential opportunities for investment and development in the coming years.
Europe is the second-largest caprolactam consuming region,
The statistic “Europe is the second-largest caprolactam consuming region” indicates that within the global market for caprolactam, a key raw material for producing nylon, Europe ranks second in terms of consumption volume. This suggests that a significant amount of caprolactam is being used in Europe for various applications such as textiles, plastics, and industrial materials. The ranking as the second-largest consumer implies that Europe plays a notable role in the demand for caprolactam, following another region or country that consumes a larger quantity. Understanding these consumption patterns can have implications for industries involved in the production and distribution of caprolactam, as well as for policymakers and analysts monitoring trends in global market dynamics.
The caprolactam price in China has witnessed a hike of more than 10% in the first quarter of 2021,
The statistic indicates that the price of caprolactam in China experienced a significant increase of over 10% during the initial three months of 2021. Caprolactam is a key raw material used in the production of various products like nylon. This price hike suggests a growing demand for caprolactam or a decrease in its supply, leading to upward pressure on prices. Such an increase can impact industries that rely on caprolactam for manufacturing, potentially leading to higher production costs and, eventually, affecting consumer prices of goods made with caprolactam-derived materials. Policymakers, businesses, and consumers may need to monitor this trend due to its potential implications on the economy and markets.
China accounts for about 32% of the global caprolactam production capacity,
This statistic indicates that China has a significant role in the global caprolactam production industry, representing approximately one-third of the total production capacity worldwide. Caprolactam is a key chemical compound used in the production of nylon, which is widely used in various industries such as textiles, automotive, and packaging. The high production capacity in China suggests that the country has a strong presence in the global market for caprolactam, potentially influencing global supply and pricing dynamics. This statistic highlights China’s importance as a major player in the caprolactam industry, and emphasizes the country’s significant contribution to meeting global demand for this essential chemical product.
U.S. caprolactam export value amounted to about 93.58 million U.S. dollars in 2020,
The statistic indicates that the total value of caprolactam exports from the United States in 2020 was approximately $93.58 million. Caprolactam is a key intermediate chemical used in the production of various products such as nylon. This export value represents the amount of revenue generated by selling caprolactam to international markets during the specified year. The figure provides insight into the economic significance of caprolactam exports for the U.S. economy and its global trade relationships, highlighting the country’s role as a supplier of this essential chemical to the global market in 2020.
Russia is one of the largest vendors of caprolactam to the European market,
The statistic that Russia is one of the largest vendors of caprolactam to the European market signifies the significant role that Russia plays in the supply chain of this chemical compound to European countries. Caprolactam is a key precursor in the production of nylon, which has various industrial applications such as textiles, automotive parts, and engineering plastics. Russia’s status as a major supplier suggests that the country has a competitive advantage in caprolactam production, likely due to factors such as cost efficiency, technological expertise, or proximity to key markets. This statistic highlights Russia’s importance in supporting the manufacturing and downstream industries that rely on caprolactam in Europe.
As of 2020, India imported around USD 239.77 Million worth of Caprolactam,
The statistic “As of 2020, India imported around USD 239.77 million worth of Caprolactam” indicates the monetary value of Caprolactam imports into India in the year 2020. Caprolactam is a key raw material used in the production of nylon, primarily in the textile and automotive industries. The significant value of imports reflects the demand for Caprolactam in India’s manufacturing sector and suggests a reliance on global supply chains for this essential input. Monitoring and analyzing such import data can provide insights into the economic activity, industrial production, and trade dynamics of the country, facilitating strategic decision-making and policy formulation in related sectors.
In 2020, caprolactam was imported in 63 countries worldwide, with Germany being the top importer,
In 2020, caprolactam, a key raw material for the production of nylon, was imported by 63 countries across the globe. Among these nations, Germany emerged as the leading importer of caprolactam. This statistic highlights the significant role played by Germany in the global caprolactam market, indicating a high demand for the material within the country. The data suggests that Germany likely has a strong manufacturing and industrial sector, relying on caprolactam imports to meet its production needs. Additionally, Germany’s position as the top importer underscores its importance as a key player in the international trade of caprolactam and related industries.
Fertilizers application segment is projected to register a CAGR of 4.3% over the forecast period,
This statistic indicates that the fertilizers application segment is expected to experience a Compound Annual Growth Rate (CAGR) of 4.3% over the forecast period. A CAGR of 4.3% implies that the demand for fertilizers in agricultural applications is projected to increase steadily at an average annual rate of 4.3% during the specified timeframe. This growth rate signifies potential opportunities and a positive outlook for the fertilizers industry, suggesting a growing market demand for fertilizers in agriculture and potentially encouraging investment in this sector.
The plastic segment dominated the caprolactam market by a share of more than 35% in 2020,
This statistic indicates that within the caprolactam market in 2020, the plastic segment accounted for more than 35% of the total market share, making it the largest and most dominant sector. This suggests that a significant portion of the caprolactam production or consumption is attributed to the plastic industry. The dominance of the plastic segment highlights the importance and reliance of the caprolactam market on the demand and utilization within the plastic sector, indicating a strong influence and impact on the overall market dynamics.
Conclusion
Based on the statistics presented, the Caprolactam industry is poised for steady growth in the coming years. With increasing demand for nylon and other polymer products, as well as advancements in production technology, the future looks promising for this sector. Stakeholders and investors should take note of these trends and opportunities to capitalize on the expanding market.
References
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