Caprolactam Market Size, Strategies, Competitive Landscape, Trends & Factor Analysis, 2022–2030
The global caprolactam market size is expected to reach USD 19.08 Billion in 2030 and register a CAGR of 3.43% over the forecast period, according to the latest report by Reports and Data. Key factors such as growing preference for bio-based Caprolactam in engineering films and rising focus on research & development activities to increase the cost-effectiveness of products made of Caprolactam are driving market revenue growth. Caprolactam (CPL) is a colorless organic solid compound used in the production of synthetic fibers and resins. Caprolactam is commonly used to manufacture nylon 6 engineering plastics, nylon 6 fibers, and films. Nylon 6 fibers segment accounted for the majority revenue share in the global market in 2020. These are extensively used for manufacturing textile and industrial fiber. Nylon 6 fibers possess various advantages such as high resistance to mildew & moths and excessive elasticity. It is a major factor driving the revenue growth of t...