Caprylic Acid Market Size, Share & Trends Analysis By Application (Personal Care, Pharmaceutical, Food & Beverages, Others), By Region (North America, Europe, Asia Pacific, Central & South America), And Segment Forecasts, 2024 - 2030
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Caprolactam Market Growth & Trends
The global caprolactam market size is anticipated to reach USD 21.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.1% from 2024 to 2030. Rising need for nylon 6 resins and fibers, on account of the growing electronics industry in China, has resulted in a significant increase in demand for the product over the past few years.
Growth of the automotive industry, particularly in emerging economies of China, Brazil, and India, coupled with rising disposable income of consumers, is expected to augment engineering plastics demand. The development of the fabrics industry is also anticipated to result in high product demand over the forecast years. Nylon 6 is employed in numerous applications including the production of industrial yarns, floor coverings, engineering plastics, and films. Growth in these end-use segments is expected to augment product demand, which will further have a positive impact on the industry growth over the forecast years.
Caprolactam manufacturing requires low technical complexity and low initial infrastructure investment. High demand for nylon 6 resins and fibers has resulted in a significant demand for the product over the past few years, and this trend is expected to continue over the forecast period. In addition, technological innovations to improve the manufacturing process to minimize the release of ammonium sulfate (by-product), due to its hazardous nature, are expected to have a positive impact on the industry.
The textile yarn was the largest application segment of caprolactam in 2023. Caprolactam is extensively used in the production of nylon 6 fibers. Nylon fabric is employed in the manufacturing of various apparel including sportswear, cyclewear, and swimwear. In addition, nylon 6 fibers are used in manufacturing house furnishings. The growing demand for nylon fabric in the textile industry is expected to augment product demand over the next seven years.
Asia Pacific was the largest market for caprolactam in 2023, and this trend is expected to continue over the forecast period. Growth of the textile industry, coupled with the growing automotive sector especially in India and China, is expected to positively impact the market. In addition, the encouragement of FDI in the automobile sector in India is expected to drive production in the country, thus driving the demand for caprolactum.
Caprolactam Market Report Highlights
Caprolactam Market Growth & Trends
The global caprolactam market size is anticipated to reach USD 21.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.1% from 2024 to 2030. Rising need for nylon 6 resins and fibers, on account of the growing electronics industry in China, has resulted in a significant increase in demand for the product over the past few years.
Growth of the automotive industry, particularly in emerging economies of China, Brazil, and India, coupled with rising disposable income of consumers, is expected to augment engineering plastics demand. The development of the fabrics industry is also anticipated to result in high product demand over the forecast years. Nylon 6 is employed in numerous applications including the production of industrial yarns, floor coverings, engineering plastics, and films. Growth in these end-use segments is expected to augment product demand, which will further have a positive impact on the industry growth over the forecast years.
Caprolactam manufacturing requires low technical complexity and low initial infrastructure investment. High demand for nylon 6 resins and fibers has resulted in a significant demand for the product over the past few years, and this trend is expected to continue over the forecast period. In addition, technological innovations to improve the manufacturing process to minimize the release of ammonium sulfate (by-product), due to its hazardous nature, are expected to have a positive impact on the industry.
The textile yarn was the largest application segment of caprolactam in 2023. Caprolactam is extensively used in the production of nylon 6 fibers. Nylon fabric is employed in the manufacturing of various apparel including sportswear, cyclewear, and swimwear. In addition, nylon 6 fibers are used in manufacturing house furnishings. The growing demand for nylon fabric in the textile industry is expected to augment product demand over the next seven years.
Asia Pacific was the largest market for caprolactam in 2023, and this trend is expected to continue over the forecast period. Growth of the textile industry, coupled with the growing automotive sector especially in India and China, is expected to positively impact the market. In addition, the encouragement of FDI in the automobile sector in India is expected to drive production in the country, thus driving the demand for caprolactum.
Caprolactam Market Report Highlights
- The textile yarn segment dominated the market in 2023, with a share of 34.8% in 2023 attributed to the increased use of caprolactam in producing nylon 6.
- The automotive segment dominated the market in 2023, with a share of 27.0% in 2023 owing to the growth in the automotive industry and increased demand for nylon 6.
- The film and coating segment is projected to grow at a CAGR of 5.9% during the forecast period.
- Asia Pacific dominated the caprolactam market with a market share of 76.0% in 2023. This market growth resulted from rapid industrialization and increased demand for caprolactam in various industries such as automotive and construction.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.5.1. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
CHAPTER 3. CAPRYLIC ACID MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Distribution Channel Analysis
3.2.2. Raw Material Trends
3.2.3. Technological Overview
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Industry Analysis Tools
3.5.1. Porter’s Five Forces Analysis
3.5.2. Macro-environmental Analysis
CHAPTER 4. CAPRYLIC ACID MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
4.1. Application Movement Analysis & Market Share, 2023 & 2030
4.2. Caprylic Acid Market Estimates & Forecast, By Application, 2018 to 2030 (USD Thousand) (Tons)
4.3. Personal Care
4.3.1. Personal Care Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
4.4. Pharmaceutical
4.4.1. Pharmaceutical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
4.5. Food & Beverage
4.5.1. Food & Beverage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
4.6. Others
4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
CHAPTER 5. CAPRYLIC ACID MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
5.1. Regional Movement Analysis & Market Share, 2023 & 2030
5.2. North America
5.2.1. North America Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.2.2. U.S.
5.2.2.1. Key Country Dynamics
5.2.2.2. U.S. Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.2.3. Canada
5.2.3.1. Key Country Dynamics
5.2.3.2. Canada Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.2.4. Mexico
5.2.4.1. Key Country Dynamics
5.2.4.2. Mexico Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3. Europe
5.3.1. Europe Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3.2. U.K.
5.3.2.1. Key Country Dynamics
5.3.2.2. U.K. Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3.3. Germany
5.3.3.1. Key Country Dynamics
5.3.3.2. Germany Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3.4. France
5.3.4.1. Key Country Dynamics
5.3.4.2. France Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3.5. Italy
5.3.5.1. Key Country Dynamics
5.3.5.2. Italy Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3.6. Spain
5.3.6.1. Key Country Dynamics
5.3.6.2. Spain Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.4. Asia Pacific
5.4.1. Asia Pacific Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.4.2. China
5.4.2.1. Key Country Dynamics
5.4.2.2. China Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.4.3. Japan
5.4.3.1. Key Country Dynamics
5.4.3.2. Japan Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.4.4. India
5.4.4.1. Key Country Dynamics
5.4.4.2. India Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.4.5. South Korea
5.4.5.1. Key Country Dynamics
5.4.5.2. South Korea Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.5. Central & South America
5.5.1. Central & South America Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.5.2. Brazil
5.5.2.1. Key Country Dynamics
5.5.2.2. Brazil Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.5.3. Argentina
5.5.3.1. Key Country Dynamics
5.5.3.2. Argentina Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.6. Middle East and Africa
5.6.1. Middle East and Africa Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.6.2. South Africa
5.6.2.1. Key Country Dynamics
5.6.2.2. South Africa Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.6.3. Saudi Arabia
5.6.3.1. Key Country Dynamics
5.6.3.2. Saudi Arabia Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Recent Developments & Impact Analysis by Key Market Participants
6.2. Company Categorization
6.3. Company Heat Map Analysis
6.4. Company Profiles
6.4.1. VVF L.L.C.
6.4.1.1. Participant’s Overview
6.4.1.2. Financial Performance
6.4.1.3. Product Benchmarking
6.4.1.4. Recent Developments/ Strategic Initiatives
6.4.2. Oleon NV
6.4.2.1. Participant’s Overview
6.4.2.2. Financial Performance
6.4.2.3. Product Benchmarking
6.4.2.4. Recent Developments/ Strategic Initiatives
6.4.3. Wilmar International Ltd.
6.4.3.1. Participant’s Overview
6.4.3.2. Financial Performance
6.4.3.3. Product Benchmarking
6.4.3.4. Recent Developments/ Strategic Initiatives
6.4.4. KLK OLEO
6.4.4.1. Participant’s Overview
6.4.4.2. Financial Performance
6.4.4.3. Product Benchmarking
6.4.4.4. Recent Developments/ Strategic Initiatives
6.4.5. Emery Oleochemicals
6.4.5.1. Participant’s Overview
6.4.5.2. Financial Performance
6.4.5.3. Product Benchmarking
6.4.5.4. Recent Developments/ Strategic Initiatives
6.4.6. The Procter & Gamble Company
6.4.6.1. Participant’s Overview
6.4.6.2. Financial Performance
6.4.6.3. Product Benchmarking
6.4.6.4. Recent Developments/ Strategic Initiatives
6.4.7. PT. Ecogreen Oleochemicals
6.4.7.1. Participant’s Overview
6.4.7.2. Financial Performance
6.4.7.3. Product Benchmarking
6.4.7.4. Recent Developments/ Strategic Initiatives
6.4.8. Temix Oleo Srl
6.4.8.1. Participant’s Overview
6.4.8.2. Financial Performance
6.4.8.3. Product Benchmarking
6.4.8.4. Recent Developments/ Strategic Initiatives
6.4.9. Pacific Oleochemicals Sdn Bhd
6.4.9.1. Participant’s Overview
6.4.9.2. Financial Performance
6.4.9.3. Product Benchmarking
6.4.9.4. Recent Developments/ Strategic Initiatives
6.4.10. Musim Mas Group
6.4.10.1. Participant’s Overview
6.4.10.2. Financial Performance
6.4.10.3. Product Benchmarking
6.4.10.4. Recent Developments/ Strategic Initiatives
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.5.1. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
CHAPTER 3. CAPRYLIC ACID MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Distribution Channel Analysis
3.2.2. Raw Material Trends
3.2.3. Technological Overview
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Industry Analysis Tools
3.5.1. Porter’s Five Forces Analysis
3.5.2. Macro-environmental Analysis
CHAPTER 4. CAPRYLIC ACID MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
4.1. Application Movement Analysis & Market Share, 2023 & 2030
4.2. Caprylic Acid Market Estimates & Forecast, By Application, 2018 to 2030 (USD Thousand) (Tons)
4.3. Personal Care
4.3.1. Personal Care Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
4.4. Pharmaceutical
4.4.1. Pharmaceutical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
4.5. Food & Beverage
4.5.1. Food & Beverage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
4.6. Others
4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
CHAPTER 5. CAPRYLIC ACID MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
5.1. Regional Movement Analysis & Market Share, 2023 & 2030
5.2. North America
5.2.1. North America Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.2.2. U.S.
5.2.2.1. Key Country Dynamics
5.2.2.2. U.S. Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.2.3. Canada
5.2.3.1. Key Country Dynamics
5.2.3.2. Canada Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.2.4. Mexico
5.2.4.1. Key Country Dynamics
5.2.4.2. Mexico Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3. Europe
5.3.1. Europe Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3.2. U.K.
5.3.2.1. Key Country Dynamics
5.3.2.2. U.K. Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3.3. Germany
5.3.3.1. Key Country Dynamics
5.3.3.2. Germany Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3.4. France
5.3.4.1. Key Country Dynamics
5.3.4.2. France Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3.5. Italy
5.3.5.1. Key Country Dynamics
5.3.5.2. Italy Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.3.6. Spain
5.3.6.1. Key Country Dynamics
5.3.6.2. Spain Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.4. Asia Pacific
5.4.1. Asia Pacific Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.4.2. China
5.4.2.1. Key Country Dynamics
5.4.2.2. China Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.4.3. Japan
5.4.3.1. Key Country Dynamics
5.4.3.2. Japan Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.4.4. India
5.4.4.1. Key Country Dynamics
5.4.4.2. India Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.4.5. South Korea
5.4.5.1. Key Country Dynamics
5.4.5.2. South Korea Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.5. Central & South America
5.5.1. Central & South America Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.5.2. Brazil
5.5.2.1. Key Country Dynamics
5.5.2.2. Brazil Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.5.3. Argentina
5.5.3.1. Key Country Dynamics
5.5.3.2. Argentina Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.6. Middle East and Africa
5.6.1. Middle East and Africa Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.6.2. South Africa
5.6.2.1. Key Country Dynamics
5.6.2.2. South Africa Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
5.6.3. Saudi Arabia
5.6.3.1. Key Country Dynamics
5.6.3.2. Saudi Arabia Caprylic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Thousand) (Tons)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Recent Developments & Impact Analysis by Key Market Participants
6.2. Company Categorization
6.3. Company Heat Map Analysis
6.4. Company Profiles
6.4.1. VVF L.L.C.
6.4.1.1. Participant’s Overview
6.4.1.2. Financial Performance
6.4.1.3. Product Benchmarking
6.4.1.4. Recent Developments/ Strategic Initiatives
6.4.2. Oleon NV
6.4.2.1. Participant’s Overview
6.4.2.2. Financial Performance
6.4.2.3. Product Benchmarking
6.4.2.4. Recent Developments/ Strategic Initiatives
6.4.3. Wilmar International Ltd.
6.4.3.1. Participant’s Overview
6.4.3.2. Financial Performance
6.4.3.3. Product Benchmarking
6.4.3.4. Recent Developments/ Strategic Initiatives
6.4.4. KLK OLEO
6.4.4.1. Participant’s Overview
6.4.4.2. Financial Performance
6.4.4.3. Product Benchmarking
6.4.4.4. Recent Developments/ Strategic Initiatives
6.4.5. Emery Oleochemicals
6.4.5.1. Participant’s Overview
6.4.5.2. Financial Performance
6.4.5.3. Product Benchmarking
6.4.5.4. Recent Developments/ Strategic Initiatives
6.4.6. The Procter & Gamble Company
6.4.6.1. Participant’s Overview
6.4.6.2. Financial Performance
6.4.6.3. Product Benchmarking
6.4.6.4. Recent Developments/ Strategic Initiatives
6.4.7. PT. Ecogreen Oleochemicals
6.4.7.1. Participant’s Overview
6.4.7.2. Financial Performance
6.4.7.3. Product Benchmarking
6.4.7.4. Recent Developments/ Strategic Initiatives
6.4.8. Temix Oleo Srl
6.4.8.1. Participant’s Overview
6.4.8.2. Financial Performance
6.4.8.3. Product Benchmarking
6.4.8.4. Recent Developments/ Strategic Initiatives
6.4.9. Pacific Oleochemicals Sdn Bhd
6.4.9.1. Participant’s Overview
6.4.9.2. Financial Performance
6.4.9.3. Product Benchmarking
6.4.9.4. Recent Developments/ Strategic Initiatives
6.4.10. Musim Mas Group
6.4.10.1. Participant’s Overview
6.4.10.2. Financial Performance
6.4.10.3. Product Benchmarking
6.4.10.4. Recent Developments/ Strategic Initiatives
