Caprolactam is an organic compound that is used in the production of synthetic fibres, the most common of which is nylon 6. This colourless solid is a caproic acid lactam (a cyclic amide). Nylon 6, a widely used synthetic polymer, is derived from caprolactam. These fibres are used to make a variety of products, including synthetic leather, textile stiffeners, film coatings, plastics, paint vehicles, and plasticizers. Due to superior qualities such as high elasticity, strength, chemical & oil resistance, and high abrasion resistance of bio-based polymer, such environmental products are expected to be in high demand over the forecast period. Caprolactam is widely used in a wide range of applications, including textile yarns, textile stiffeners, film coatings, synthetic leather, plastics, plasticizers, and others. Caprolactam, on the other hand, is the feedstock for nylon 6, which is increasing demand in automobile, consumer goods, electronic, and electrical applications.
In terms of volume, the Caprolactam Market in the nylon 6 fibres segment accounted for 47.3 percent in 2017 and is expected to grow at a CAGR of 2.90 percent between 2018 and 2023. Between 2018 and 2023, the caprolactam market in the nylon 6 engineering plastics segment is expected to grow at a CAGR of 3.54 percent in terms of value. The growing demand for caprolactam in engineering plastics and films is expected to drive the caprolactam market. The growing electrical & electronics and automotive industries are primarily responsible for the caprolactam market's rapid growth. The caprolactam market is expected to be dominated by the nylon 6 fibres segment. Caprolactam's largest and fastest-growing application is in nylon 6 fibres. Caprolactam is widely used in the production of washable domestic textiles using polyamide 6. Fabrics made of polyamide 6 are dimensionally stable and smooth.
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