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Caprolactam is a chemical molecule having the molecular formula C6H11NO. It is used to manufacture nylon 6. It has a distinctive smell and is a white crystalline substance. Numerous significant characteristics of caprolactam contribute to its broad range of uses. It is suitable for various industrial uses because of its strong mechanical properties, superior chemical resistance, and thermal stability. It is simple to polymerize to create nylon 6, a flexible synthetic fiber with exceptional tensile strength, abrasion resistance, and dimensional stability. Caprolactam performs better in humid environments because of its minimal moisture absorption.
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Additionally, it has a relatively low melting point, making production easier to handle. These characteristics make caprolactam an essential ingredient in the manufacturing of nylon-based products in various sectors.
Key Details About the Caprolactam Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Caprolactam price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Caprolactam Price chart, including India Caprolactam price, USA Caprolactam price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Caprolactam Price Trend:
The market is expanding due to the rising demand for nylon 6, a key use for caprolactam. The need for caprolactam is increased by the widespread usage of nylon 6 in several sectors, including the automotive, textile, and electronics industries. The demand for textiles and apparel is rising due to consumers' changing lifestyles and rising disposable income, which is driving up the caprolactam industry. Nylon, a synthetic fiber widely used in the textile industry, is produced using caprolactam, a crucial basic element. The caprolactam market is benefiting from the developing electronics industry, fueled by technical improvements and an increase in the use of electronic gadgets. Numerous electronic parts, including connectors, switches, and housings, are made from caprolactam.
Key Players:
- Fibrant
- China Petrochemical Corporation (Sinopec)
- BASF SE
- Advansix Inc
- Shandong Haili Chemical Industry Co.
News & Recent Development
- 6 September 2021: FACT resumes caprolactam plant, to add Rs 700 crore to turnover annually - The starting ingredient for the creation of Nylon-6 is caprolactam. Only FACT and Gujarat State Fertilisers & Chemicals Limited (GSFC) produce caprolactam in India. In a statement, FACT stated that its caprolactam facility has an annual capacity of 50,000 tonnes and that local demand for the product ranges between 1.2 and 1.3 lakh tonnes.
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